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National Express posts strong numbers, drops Nuremberg contract
Passenger transport operator National Express Group posted a trading update for the three months to 30 September on Monday, with the board reporting “strong progress” as both revenue and profit grew year-on-year in constant currencies.
GKN posts growth despite tough trading conditions
Aerospace and automotive engineering group GKN issued a trading update for the nine months to 30 September on Tuesday, with management sales increasing 21% to £6. 9bn, including organic sales growth of 2% - or £151m - in line with expectations.
London pre-open: Stocks seen higher; eyes on Carney
London stocks were set for a firmer open on Tuesday as oil prices steadied, with investors looking ahead to a speech by Bank of England governor Mark Carney.
Tuesday newspaper round-up: Deficit, energy warning, Glencore, FCA
The chancellor’s plans to reduce the deficit are unlikely to get back on track this year, an internal briefing document for ministers has revealed. The Treasury document, which was marked “sensitive”, also revealed the UK faced a £700m bill after the EU referendum result, with Britain’s contribution to the EU growing by 25. 9% compared with the same period last year. - Guardian.