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BBA Aviation cruising in line, acquires further aftermarket assets
BBA Aviation said third-quarter trading and cash flow remained in-line with its full year expectations, with revenue up 27% in what has been a transformative year to date.
Venn Life Sciences wins new contract worth EUR2.5m
Venn Life Sciences has signed a new contract worth €2. 5m with Sedana Medical for a phase III trial.
Unite Students performing well as it prepares for REIT conversion
Manager and developer of student accommodation Unite Students posted a trading update for the period to 7 November on Tuesday, and gave investors notice of a general meeting over its proposed conversion to a real estate investment trust.
Europe open: Stocks little changed ahead of US election
European stocks were little changed in early trade as investors sat on their hands ahead of the US presidential election.
Glyn Jones signals exit from Aldermore
Aldermore Group announced on Tuesday that on 7 November, Glyn Jones tendered his resignation as non-executive chairman and director of the company, with effect from 6 February 2017.
Punch Taverns swings to profit
Pub operator Punch Taverns swung to a pre-tax profit in the 52 weeks to 20 August.
RBS launches £400m refund pool for small businesses after GRG scandal
Royal Bank of Scotland has agreed to refund around £400m of fees to smaller business customers hit by failings at bank’s former Global Restructuring Group subsidiary, while also launching a new complaints process to be overseen by a retired High Court judge.
Electra Private Equity to launch £200m share buyback
Electra Private Equity said on Tuesday that it plans to return up to £200m to shareholders by a way of a tender offer.
London open: Stocks nudge higher amid caution ahead of US election
Stocks in London nudged just a touch higher in early trade as investors erred on the side of caution ahead of the US presidential election.
Aveva swings to profit in first half
FTSE 250 engineering software provider Aveva swung to a profit in the first half of the year as revenue rose despite “continued tough trading conditions".
AB Foods LFL sales fall though Primark and sterling lift top line
Associated British Foods reported a rise in full year revenue as it expanded the selling space of discount clothing retailer Primark and benefited from the weakening of sterling, though like-for-like sales were lower.
Direct Line costs rise after Flood Re charges
Direct Line Group posted a trading update for the nine months to 30 September on Tuesday, with gross written premium for ongoing operations 4. 2% higher,and the company claiming continued growth in Motor own brands, up 9. 7%.
Paysafe on track to meet FY revenue and earnings guidance
FTSE 250 payment solutions provider Paysafe reiterated its guidance on full-year revenue and adjusted earnings on Tuesday.
Imperial Brands FY profit down but revenue, dividend lifted
Imperial Brands reported a drop in profit for the year to end of September, but revenue rose and the FTSE 100 tobacco company upped its dividend by 10%.
London pre-open: Stocks seen little changed ahead of US election
Stocks in London were set to open broadly flat on Tuesday, with investors likely to err on the side of caution ahead of the US presidential election, amid cautious optimism that Clinton will win.
Tuesday newspaper round-up: Hammond, Barclaycard, Williams & Glyn, Airbnb
Britain’s leading tax and spending experts have warned Philip Hammond that his options are limited in this month’s autumn statement after predicting that slower growth and higher inflation will punch a £25bn hole in the public finances by the end of the current parliament. The Institute for Fiscal Studies said that if economic forecasters were right about the impact of Brexit, the new chancellor would have to extend austerity after the next election in order to finally eradicate the budget deficit built up during the financial crisis of 2008-09.