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London close: Stocks mixed ahead of UK inflation, Nvidia results
London’s equity markets closed with a mixed performance on Tuesday, as investors remained cautious ahead of the latest UK inflation data and closely watched US corporate earnings from Nvidia.
LungLife AI upbeat on progress with LungLB test
Lung cancer diagnostics developer LungLife AI reported significant progress in the commercialisation of its ‘LungLB’ test on Tuesday, which was designed to facilitate early detection and improve patient outcomes.
Katoro Gold completes initial fieldwork at White Pine
Katoro Gold, a company focused on energy and precious mineral exploration, announced on Tuesday that it has completed initial reconnaissance fieldwork at its wholly-owned White Pine Uranium Project in northwestern Ontario, Canada.
Acuity RM buys Rizikon software from collapsed Crossword Cybersecurity
Governance, risk, and compliance (GRC) software provider Acuity RM announced the acquisition of the Rizikon software product on Tuesday, including its intellectual property and customer lists, from the collapsed Crossword Cybersecurity, for £15,000 cash.
Retailers warn of £7bn spike in costs from Budget measures
More than 80 leading retail leaders signed an open letter to Chancellor Rachel Reeves on Tuesday, expressing grave concerns about the economic impact of the Autumn Budget on the retail sector.
Nexxen International launches $50m share buyback on AIM
Advanced television advertising technology specialist Nexxen International announced a new share buyback programme worth up to $50m on Tuesday.
Fonix flags strong start to financial year
Mobile payments and messaging specialist Fonix reported a strong start to its new financial year in an update on Tuesday.
Asia report: Markets rise after Wall Street tech rally
Asia-Pacific markets posted gains on Tuesday as investors evaluated comments from Chinese policymakers at an investment summit in Hong Kong.
Avon Technologies reports solid set of preliminary results
Avon Technologies reported a robust set of preliminary results on Tuesday, with received orders surging 40. 9% year-on-year to $364. 4m, driving a record closing order book of $225. 2m, up 65. 8%, and providing strong visibility into the 2025 financial year and beyond.
Victoria offloads Turkish subsidiary Graniser in £31m deal
Flooring specialist Victoria announced the sale of its Turkish ceramic tile subsidiary Graniser on Tuesday, for total consideration of €36. 8m (£30. 9m).
Nestle takes wraps off CHF 2.5bn cost-cutting plan
Nestlé unveiled an ambitious cost-cutting initiative and reduced its profit outlook on Tuesday, as new chief executive Laurent Freixe charted a turnaround strategy for the world’s largest food company.
Diploma revenue, profits rise amid 'tougher environment'
Controls, seals, and life sciences distributor Diploma reported a 14% rise in revenue in its preliminary results on Tuesday, to £1. 36bn, as adjusted operating profit increased 20% to £285m.
Petershill Partners reports solid third-quarter performance
Petershill Partners, a global investor in alternative asset managers, reported a solid third-quarter performance in an update on Tuesday, supported by strong partner fee-related earnings (FRE) and significant capital returns.
Thyssenkrupp writes down EUR 1bn from steel business
Thyssenkrupp announced a €1bn writedown on its steel division on Tuesday, as the company navigated a costly transition to low-carbon production.
Vesuvius confident despite weaker market conditions
Molten metal flow engineering specialist Vesuvius said in a trading update on Tuesday that it anticipated trading profit for the 2024 financial year to be slightly below 2023 levels on a constant currency basis, maintaining a return on sales margin of around 10. 2%.
Informa reaffirms upgraded guidance, Vesuvius reports weakening markets
London open The FTSE 100 is expected to open 30 points higher on Tuesday, having closed up 0. 57% on Monday at 8,109. 32.