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London close: Stocks finish lower as oil prices sink
London markets ended Tuesday in negative territory, driven primarily by a sharp decline in energy stocks following a drop in oil prices.
Workspace reports solid demand despite rent roll dip
Workspace Group reported solid demand for its flexible office space in its second quarter on Tuesday, completing 296 new lettings with a total rental value of £7. 4m, although like-for-like occupancy dipped 0. 7% to 87. 5% as a higher-than-usual number of larger customers vacated premises.
Ericsson posts stronger-than-expected third quarter
Ericsson posted stronger-than-expected third-quarter results on Tuesday, driven by a major contract with AT&T and solid growth in North America, despite facing a challenging global telecom market.
Boeing enters $10bn credit deal, plans to raise up to $25bn
Boeing revealed significant steps to strengthen its financial position on Tuesday, as it entered into a $10bn supplemental credit agreement with a consortium of major lenders.
Ofwat to appoint independent monitor for Thames Water - reports
Ofwat is set to appoint LEK Consulting as an independent monitor of Thames Water, the UK’s largest water utility, as it faced mounting financial and operational challenges, according to fresh reports on Tuesday.
Eurozone industrial production rebounds in August
Eurozone industrial production posted a robust 1. 8% month-on-month increase in August, marking a significant rebound from the 0. 5% contraction in July, according to fresh data from Eurostat.
London midday: Stocks weaker on UK jobs data, oil prices
London markets were in the red by lunchtime on Tuesday, as investors responded to ongoing concerns about the UK jobs market, while oil prices fell.
Strix passes three billion kettle control milestone
Kettle safety and water technology specialist Strix Group announced a significant milestone on Tuesday, having produced over three billion kettle controls worldwide.
Victoria reports continued softness in flooring demand
Victoria reported continued softness in flooring demand across its markets in its first half on Tuesday.
Tatton Asset Management reports record net inflows
Tatton Asset Management reported record net inflows of £1. 8bn for its first half on Tuesday, contributing to a total increase in assets under management of £2. 3bn.
Victorian Plumbing ends year in line after Victoria Plum acquisition
Victorian Plumbing Group reported a 4% increase in revenue for the financial year just ended on Tuesday, with adjusted EBITDA set to be in line with market expectations.
Asia report: China stocks sink on mixed day for region
Asian markets had a mixed performance on Tuesday, with China underperforming the broader region following disappointing trade data.
Seraphim Space upbeat after solid year for SpaceTech
Seraphim Space Investment Trust, the world’s first listed SpaceTech investment company, reported an increase in its portfolio value to £201. 5m in its full-year results on Tuesday, up £14. 1m year-on-year.
Hostelworld reaffirms full-year guidance
Hostelworld Group reaffirmed its full-year adjusted EBITDA guidance in an update on Tuesday, in line with market expectations, following a solid performance through the year-to-date up to 30 September.
De La Rue agrees £300m sale of authentication division
De La Rue announced on Tuesday that it had agreed to sell its authentication division to Crane NXT for £300m, as part of a strategic move to unlock capital and strengthen its financial position.
London open: Stocks mixed on weaker UK wage growth
London markets opened in mixed territory on Tuesday, as investors digested data showing continued weakness in the UK jobs market, after an upbeat session on Wall Street overnight.
Revenue falls, gross profits rise for Bytes Technology
Bytes Technology Group shares were in the red on Tuesday morning, after it reported a 2. 9% drop in revenue to £105. 5m, but a 13. 7% increase in gross invoiced income (GII), reaching £1. 23bn.
QinetiQ on track after 'good' second quarter
QinetiQ Group said in a trading update on Tuesday that it remained on track to meet its full-year expectations after its second quarter.
Robert Walters reports continued weakness in third quarter
Robert Walters reported a 12% decline in third-quarter net fee income on Tuesday, as challenging market conditions persisted across all of its regions.
Bellway annual profits slump, QinetiQ on track after second quarter
London open The FTSE 100 is expected to open 23 points higher on Tuesday, having closed uo 0. 47% on Monday at 8,292. 66.