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UK retail sales fell to their lowest level in January since May 2020 as lockdown takes its toll, according to the latest survey from the Confederation of British Industry.
The removal of the Reckitt Benckiser overhang should allow operational strength to drive the story at opioid addiction treatment maker Indivior, Citi said on Tuesday.
Mission-critical solutions provider TP Group said on Tuesday that the Covid-19 pandemic had impacted margins within certain programmes across the group during 2020.
Localisation services provider Zoo Digital said on Tuesday that it had continued to see the benefits of its cloud-based offering and ability to undertake projects remotely amid the ongoing Covid-19 pandemic.
Markets in Asia were weaker across the board on Tuesday, with bourses in China leading the charge downwards, as investors monitored the latest developments on the Covid-19 front.
Regulatory and compliance software company Ideagen reported a first-half performance in line with market expectations on Tuesday, as its revenue increased 7% to £29. 2m.
Specialist pharmaceutical service provider Ergomed updated the market on its trading in 2020 on Tuesday, saying it still expected revenue for the year ended 31 December to be in line with current market expectations, and adjusted EBITDA to be ahead of current expectations.
Trainline shares slumped on Tuesday after JPMorgan Cazenove downgraded the stock to ‘neutral’ from ‘overweight’ and cut the price target to 382p from 486p as it pointed to the fact train usage remains weak due to Covid restrictions.
JD Sports Fashion confirmed on Tuesday that it is exploring additional funding options as it looks to increase its flexibility "to invest in future strategic opportunities", and said this may involve a non pre-emptive equity placing.
London stocks edged higher in early trade on Tuesday despite the release of uninspiring UK jobs data and further weakness in the travel and leisure sector.
European shares crawled higher at the opening on Tuesday, with investor sentiment held back by worried over tighter coronavirus travel restrictions and rising UK unemployment.
Healthcare services provider UDG Healthcare said on Monday that it had made "a good start" to the trading year, with first-quarter constant currency adjusted operating profit ahead of the same period a year earlier.
Apax Global Alpha said on Tuesday that the Apax X fund, in which it was a limited partner, has entered into a definitive agreement to acquire independent specialist insurance intermediary the PIB Group.
LXI REIT said on Tuesday that its portfolio has been valued by its independent valuer at £907. 25m as at 31 December, , reflecting a 1. 7% like-for-like increase on the 30 September valuation.
Drugmaker Hikma Pharmaceuticals said on Tuesday that it has entered into a non-binding term sheet with GlaxoSmithKline to acquire certain parts of latter's assets in Egypt and Tunisia.
AstraZeneca said on Tuesday that ‘Symbicort Turbuhaler’, with budesonide and formoterol, has been approved in China as an anti-inflammatory reliever to be taken as-needed in response to symptoms to achieve asthma control in patients with mild asthma aged 12 years and older.
Convenience food producer Greencore reported a drop in first-quarter revenue on Tuesday as it said the latest national lockdown was "significantly" impacting demand.
