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First phase of White Chapel 46% rented, says Derwent
Derwent London announced on Tuesday that it has pre-let 84,600 square feet in four office transaction at the White Chapel Building, E1, representing 46% of Phase 1.
London open: FTSE feeling the heat ahead of inflation data
London stocks opened lower on a sweltering Tuesday morning as the market felt the heat from geopolitical worries and traders sweated on the looming release of UK inflation data.
IG Group earnings beat forecasts after four-year hiatus
IG Group posted full year results on Tuesday that beat market expectations, with earnings breaking higher after a four-year stagnation.
Evraz Q2 steel production falls 9.9%
Russian steel maker Evraz said consolidated second quarter crude steel output fell 9. 9% to 3. 2m tonnes against the previous three months, primarily due to planned capital repairs at a blast furnace.
Polymetal production down in second quarter
Polymetal International posted its production results for the second quarter and six months to 30 June on Tuesday, with quarterly production in line with the company’s plans at 262 Koz of gold equivalent.
Weaker pound lifts SSP revenue
FTSE 250 food and beverage outlet operator SSP said on Tuesday that if sterling remains weak due to the Brexit vote, its full-year revenue could be lifted by around 3%.
Rio Tinto ups iron ore output, Royal Mail revenue inches up
London open The FTSE 100 is predicted to drop by around 21 points on Tuesday, following a positive finish at 6,695. 42 as the week began.
Assura sees good progress in Q1; too early to assess Brexit
Primary care property investor and developer Assura said it made “good progress” in the first quarter, completing the acquisition of 30 medical centres for a gross £65. 4m with a passing rent roll of £4. 1m and a weighted average unexpired lease length of 14. 1 years.
Dairy Crest churns out flat first quarter
Dairy Crest said first-quarter trading was in line with full year expectations as combined sales volumes of key brands Cathedral City, Clover, Country Life and Frylight were in line with the same period last year.
Royal Mail first-quarter trading in line
Royal Mail said trading for the three months ended 26 June was in line with its expectations, with group revenue up 1% and UK revenue down 1%.
London pre-open: Stocks seen lower as UK inflation eyed
London stocks were expected to open lower on Tuesday ahead of key UK inflation data and amid rising geopolitical uncertainty.
Hammerson exchanges on Manor Walks in Northumberland
Hammerson announced on Tuesday that it has exchanged contracts for the sale of Manor Walks Shopping Centre, Cramlington in Northumberland to Arch Commercial Enterprise for £78m.
Rio Tinto ramps up iron ore production
Mining giant Rio Tinto said second quarter iron ore production from its mines in Western Australia's Pilbara rose 8% to nearly 81m from the same time a year ago.
Tuesday newspaper round-up: ARM, Trident, North Sea strike, Ofwat
One of the country’s best-known entrepreneurs has raised fears that Britain’s largest technology company will be milked for its cash after it is sold to SoftBank, of Japan, for £24. 3 billion. Hermann Hauser, founder of Acorn Computers, the parent of Arm Holdings, has declared that “Arm’s loss of independence is a loss to the UK” and dismissed the argument that the sale was necessary for Arm to fulfil its potential. - The Times.