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Kingfisher nails first quarter as Laury's repairs gain traction
DIY retailer Kingfisher put together a solid start to the year, with 6. 2% like-for-like growth in B&Q and Screwfix stores in the UK and Ireland contributing to 3. 6% group growth to £2. 7bn.
Aveva profits slump after aborted Schneider merger
Full year pre-tax profits at marine engineering software maker Aveva almost halved to £29. 4m on the back of lower revenue and one-off exceptional costs related to the aborted merger with Schneider Electric.
London open: Stocks rise ahead of BoE testimony
London stocks edged higher on Tuesday ahead of a Parliamentary testimony from Bank of England officials including governor Mark Carney.
Go-Ahead raises concerns over Bus Services Bill
Passenger transport operator Go-Ahead Group laid out its concerns over the proposed Bus Services Bill on Tuesday, saying it was yet to be convinced that the franchising powers granted to combined authorities will be sufficiently independent.
Micro Focus expects revenue at top end of guidance
Micro Focus International said on Tuesday that it has made a strong finish to the financial year and expects revenues and underlying earnings before interest, tax, depreciation and amortisation to be at the top end of management views.
Acquisitions add to Entertainment One profit growth
Media company Entertainment One reported a modest 2% rise in revenues for the year on Tuesday, to £803m, driven by strong performances in television and family offset by a weaker film division.
Europe open: Stocks in the red as Fed remains in focus
European stocks edged lower in early trade, taking their cue from downbeat US and Asian sessions.
Tritax Big Box signs deal to buy distribution centre for £77m
Real estate investment trust Tritax Big Box said it had exchanged contracts to acquire a national distribution centre let to DSG Retail Ltd, part of Dixons Carphone for £77. 3m, reflecting a net initial yield of 5. 86% on the corporate acquisition.
Halfords steps up cycling focus with twin acquisition
Halfords has acquired Swansea online bike sellers Tredz and Wheelies Direct for at least £18. 4m cash.
Homeserve full-year profit and revenue up as customer numbers grow
FTSE 250 repair and insurance company HomeServe posted a rise in profit for the year to the end of March as revenue and customer numbers grew.
German first-quarter GDP confirmed at 0.7%
German gross domestic product grew at 0. 7% in the first quarter compared with 0. 3% in the final quarter of last year, Destatis said on Tuesday, confirming its flash estimate earlier this month.
Big Yellow lifts full year profits against slow economic growth
Full year pre-tax profits at storage company Big Yellow rose 7% to £112m against a backdrop of slower economic growth.
First-quarter profits surge at BGEO
First-quarter profits at Georgia-focused banking group BGEO were up by an impressive amount, it reported on Tuesday, growing 39. 6% year-on-year to GEL 87m (£25. 5m).
AA confirms talks about potential Irish sale
AA Plc confirmed it was examining various options for its Irish business, which could include a disposal.
Old Mutual says it has received approaches for stake in OMAM
Old Mutual confirmed on Tuesday that it has received approaches from third parties to acquire its 66% stake in OM Asset Management (OMAM), and that it is continuing to assess its options with regard to the preferred route to effect the managed separation announced in March.
Lower pork prices boost Cranswick full year profits
Full year pre-tax profits at food group Cranswick rose to £58. 6m from £52. 8m on the back of a healthy 7% jump in revenues to £1. 07bn as customers continued to benefit from lower pork prices.
Severn Trent posts promising start to AMP6
Water utility Severn Trent issued what it described as promising annual results on Tuesday, with group turnover down 0. 8% year-on-year to £1. 79bn as a result of a regulated price decrease.
London pre-open: Stocks seen touch weaker on downbeat US and Asian cues
London stocks were expected to open a touch lower on Tuesday following downbeat US and Asian sessions, and amid weaker oil prices.
Softcat sees strong fully year after Q3 revenue growth
IT infrastructure group Softcat said third quarter revenue growth was slightly ahead of that seen in the first half, with gross profit and operating profit also growing faster than in the first six months.
Severn Trent sees promise, Kingfisher makes solid start
London open The FTSE 100 was being called to open 29 points lower on Tuesday, extending its losses from the start of the week.