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Ofgem finds 18 energy suppliers failed to adhere to price protection rules

Energy regulator Ofgem found that 18 energy suppliers failed to correctly protect 1m customers' tariff prices when they decided to switch companies or tariffs.

Renishaw puts itself up for sale, shares surge

Renishaw shares surged on Tuesday after the engineer said it was putting itself up for sale as its founders look to sell their stake.

London close: Markets mixed amid slew of earnings, bubble concerns

London stocks were mixed at the close on Tuesday, after a Chinese official earlier warned that foreign markets are in a bubble, with investors spending much of the day rifling through a veritable tsunami of corporate news.

Broker tips: Provident Financial, Spectris

Canaccord Genuity cut its stance on shares of doorstep lender Provident Financial on Tuesday to ‘sell’ from ‘speculative buy’ and reduced its price target to 264.0p from 290.0p as it highlighted caution regarding claims.

Flutter sees strong start to 2021 in US as FY profits fall

Gambling group Flutter Entertainment reported a sharp fall in full-year profits but had started the new year with strong momentum and higher driven by US betting.

EV start-up Nio announces chip shortage will affect car production

Chinese electric car start-up Nio said on Tuesday that the global shortage in semiconductors and batteries will affect its production capacity in the second quarter.

Canaccord downgrades Provident Financial to 'sell'

Canaccord Genuity cut its stance on shares of doorstep lender Provident Financial on Tuesday to ‘sell’ from ‘speculative buy’ and reduced its price target to 264p from 290p as it highlighted caution regarding claims.

Safestay sells smallest Barcelona hostel for EUR 0.9m

Hostel operator Safestay announced the agreed sale of the smallest of its three hostels in Barcelona, ‘Barcelona Sea’, a leasehold site with 96 beds, to Beds and Foods Barcelona for €0.9m (£0.78m).

FTSE 250 movers: Renishaw rallies; Provident Financial hit by downgrade

London’s FTSE 250 was flat at 21,212.61 in afternoon trade on Tuesday.

Berenberg raises target price on Spectris

Analysts at Berenberg raised their target price on instrumentation firm Spectris from 3,460.0p to 3,505.0p on Tuesday, stating the group's turnaround efforts appeared on track to pay off.

Vela Technologies puts another £66k into fintech firm Mode

Vela Technologies has invested £66,000 in London-listed financial technology company Mode Global Holdings, it announced on Tuesday, as part of Mode's oversubscribed placing to raise £6m, to support the continuing growth of its financial products and services.

FTSE 100 movers: Admiral rallies ahead of results; JD Sports retreats

London’s FTSE 100 was up 0.8% at 6,644.18 in afternoon trade on Tuesday.

Volvo pledges to only sell EVs by 2030

The Swedish carmaker, Volvo, has pledged to shift all its production to electric cars by 2030 in a move to abandon fossil fuels and fight climate change.

London pre-open: Stocks seen lower after strong start to month

London stocks were set to fall at the open on Tuesday following solid gains in the previous session.

Renalytix AI losses widen as it progresses development programme

Artificial intelligence (AI) diagnostics company Renalytix AI recorded $0.4m (£0.29m) of pharmaceutical services revenue in its first half, it announced on Tuesday.

US pre-open: Futures point to modest losses following banner day

Wall Street futures were in the red ahead of the bell on Tuesday following the S&P 500's best session since June 2020.

Taylor Wimpey to resume dividend after 'volatile' year

Taylor Wimpey is to resume dividend payouts, the UK housebuilder said on Tuesday, after sales and profits met expectations during an otherwise "unusual and volatile year".

Foxtons buys Douglas & Gordon for £14.3m

Estate agency chain Foxtons said on Tuesday that it has bought Douglas & Gordon for £14.25m in cash.

Signature Aviation profits fall as Covid hits air travel

Private jet servicing company Signature Aviation said underlying annual profits fell by two thirds as the Covid-19 pandemic hit air travel, although its US business was showing signs of recovery at the start of 2021.

Hill & Smith snaps up solar lighting specialist in £18m deal

Hill & Smith is spending £18.2m buying Prolectric Services, the FTSE 250 infrastructure and galvanising firm said on Tuesday.

Apax Global Alpha records double-digit NAV growth in 2020

British investment trust Apax Global Alpha said on Tuesday that its adjusted net asset value per share had grown by double-digits in 2020.

Wizz Air February passenger numbers slump 87%

Low cost airline Wizz Air reported an 87.3% slump in February passenger numbers as Covid-19 travel restrictions virtually shut down air travel.

Man Group upbeat on record year for funds under management

Man Group reported record high funds under management in its final results on Tuesday, rising to $123.6bn (£88.95bn) at the end of 2020, from $117.7bn a year earlier.

Ashtead lifts FY outlook after market outperformance

Equipment rental firm Ashtead said on Tuesday that full-year results are set to be ahead of its previous expectations after it outperformed the market in the nine months to the end of January 2021.

01 Mar
One-third of UK's top companies emit enough CO2 to boost global warming by 2.7C

Thirty-one of the FTSE 100's constituents carbon dioxide emissions are incompatible with the goal of limiting the rise in global temperatures to 2.7C by 2050, reported the Guardian on Monday.