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London and the southern regions of England are facing a dearth of teachers, nurses and police officers as rising rents make housing in large parts of the UK unaffordable for key public sector workers. A report by the consultancy firm PricewaterhouseCoopers said there was an urgent need to increase the supply of homes after it found that the failure of public sector pay to keep pace with soaring housing costs had made it increasingly hard for workers on modest incomes to make ends meet. – Guardian
Irn-Bru maker AG Barr warned on profits on Tuesday, pointing to poor volumes following the introduction of the soft drinks levy and disappointing spring and early summer weather.
London stocks were set for a muted open on Tuesday as investors eyed the release of key UK jobs data.
Luxury fashion brand Burberry posted a jump in first-quarter sales on Tuesday as it enjoyed a good response to a collection by new chief designer Riccardo Tisci and a solid performance in China.
Rio Tinto on Tuesday said costs at its Oyu Tolgoi underground copper mine in Mongolia would blow out by up to $1.9bn with a delay of up to 30 months.
British wages are growing at their fastest rate for more than a decade, official figures showed on Tuesday.
Restaurant yield management platform operator BigDish has signed an exclusive partnership with Oceanic Media, it announced on Tuesday.
The Competition and Markets Authority said on Tuesday that it will investigate Inmarsat's takeover by a consortium led by private equity firms Apax and Warburg Pincus.
Digital music solutions group 7digital shares shot up on Tuesday after the group said it has appointed eMusic.com president Tamir Koch to the role of chairman with immediate effect.
Building materials group CRH has reached agreement to divest of its Europe distribution business to private equity funds managed by Blackstone, it announced on Tuesday, for an enterprise value of €1.64bn (£1.48bn), payable in cash.
London stocks were steady in early trade on Tuesday as investors eyed the release of key UK jobs data.
Insurer Hastings said on Tuesday that it will take a one-off pre-tax charge of £8.4m this year as a result of the change to the Ogden rate.
Experian reported first quarter total revenue growth of 4% on Tuesday, with overall growth in line with expectations after a strong contribution from its North American activities.
ITV got a boost on Tuesday as Liberum upgraded its stance on shares of the broadcaster to 'buy' from 'hold'.
Legal and professional services group Gateley reported a 20.2% improvement in revenue in its preliminary results on Tuesday, to £103.5m.
Surface Transforms has been notified of its selection as a tier one supplier of a carbon ceramic brake disc to an unnamed major German automotive company, it announced on Tuesday, which it had previously described as ‘OEM 5’.
Everyman Media on Tuesday said demand is continuing to strengthen, while trading for the first half of the year was in line with expectations after the company opened two new cinemas.
Cloud-based software business Cloudcall saw revenues and user numbers increase in the first half of its trading year as its US operations turned both profitable and cash generative.
Argentina-focussed upstream oil and gas company President Energy updated the market on its fracking operations at the Puesto Flores field in Rio Negro province on Tuesday.
Marine engineering services provider James Fisher & Sons said on Tuesday that it had inked approximately £30m-worth of contracts in the offshore renewable energy sector.
Healthcare software and systems company EMIS traded in line with expectations in the six months ended 30 June, with revenues expanding year-on-year.
Trinidad and Tobago-focussed exploration and production company Trinity Exploration & Production updated the market on its operations for the three months ended 30 June on Tuesday, reporting that production volumes over the quarter were successfully maintained across its assets at an average of 2,996 barrels of oil per day, in line with expectations.
Recruitment company Hays reported zero growth in fourth quarter net fees as weak market conditions across Australia, New Zealand and the UK offset growth in Germany.
Fulham Shore reported revenue growth of 17% in its final results on Tuesday, to £64.0m, which the board said was primarily driven by good trading in its existing restaurant estate.
Mpac Group's shares jumped on Tuesday after it said profit for its 2019 full year is now anticipated to be significantly above current market expectations after the momentum gained in the latter months of 2018 continued into the ongoing year.