THE MOST READ
Dixons Carphone maintained full year guidance as it reported a sharp rise in electricals revenue over the Christmas period driven by people buying televisions and computers online during the coronavirus lockdown.
British Airways and Iberia parent IAG has revised the terms of its deal for Spanish budget airline Air Europa and will now pay €500m, down from a previous price of €1bn.
Cell engineering specialist MaxCyte said on Wednesday that 2021 revenues were likely to grow at a faster than initially expected rate at the same time as it posted a solid set of earnings for 2020.
Alliance Pharma said on Wednesday that its see-through revenues for 2020 were down 5% on the prior year at £137.5m, as expected, both on a reported and a constant currency basis, reflecting the impact of Covid-19.
Burberry sales fell in the third quarter as the impact of Covid-19 and fewer price cuts offset strong sales of full-price items boosted by its association with footballer Marcus Rashford.
Entain shares tumbled on Tuesday after MGM Resorts International said it won’t go ahead with an offer for the Ladbrokes owner, after its initial approach was rejected.
Private equity firms Carlyle, CVC and KKR are reportedly among the bidders for engine maker Rolls-Royce’s Spanish business, ITP Aero.
FedEx Corp’s express unit announced a plan on Tuesday to lay off between 5,500 and 6,300 employees in its European branch.
Berenberg upgraded its stance on shares of investment platform AJ Bell on Tuesday to 'hold' from 'sell' and hiked their price target on the stock to 400.0p from 230.0p.
The Confederation of British Industry has called on the chancellor to extend the furlough scheme, warning that companies had been hit hard by the latest round of lockdown restrictions.
Lumentum said on Tuesday that it has agreed to buy California-based laser maker Coherent in a cash and share deal valued at $5.7bn, sending shares in the latter surging in pre-market trade.
Fashion brand Superdry warned on Tuesday over its ability to continue as a going concern, reporting a widening of its interim losses and a slump in revenue as it took a hit from the pandemic and related store closures.
Markets in Asia closed mostly firmer on Tuesday, as investors held their breath ahead of the inauguration of US president-elect Joe Biden later in the week, and monitored the ongoing global Covid-19 pandemic.
Build-to-rent developer Watkin Jones described a “solid” financial performance in its full-year results on Tuesday, with revenue falling 5.5% for the year, primarily as a result of forward sales of developments being deferred due to Covid-19 uncertainty.
British Land announced on Tuesday that Bhavesh Mistry has been appointed its chief financial officer.
Financial services firm TruFin said on Tuesday that full-year revenues were expected to be "significantly ahead" of market expectations at approximately £14.6m.
London stocks rose in early trade on Tuesday as investors awaited a testimony on stimulus by incoming US Treasury Secretary Janet Yellen.
Glencore has agreed to sell Mopani Copper Mines to the Zambian government in a $1.5bn deal, it was announced on Tuesday.
Premier Foods has upped its full-year profit guidance, after the introduction of fresh lockdown restrictions saw people spend more on eating at home during the key festive trading season.
London stocks were set for a firmer open on Tuesday following an upbeat session in Asia, ahead of a testimony by incoming US Treasury Secretary Janet Yellen.