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Compass sent south as markets react harshly to solid results
Full year results from Compass hit their target as North American strength offset a challenging final quarter in Europe and further afield, while the catering giant said growth next year will be weighted to the second half.
AO World swings to profit as revenues grow
Online electrical goods retailer AO World said it swung to a pre-tax profit in the first half as revenues in the UK and Europe grew.
Trump vows to rip up TPP trade deal on first day of office
US president-elect Donald Trump has laid out his plans for the first 100 days in the Oval Office, promising to withdraw from the Trans Pacific Partnership trade agreement on his first day.
Homeserve H1 boosted by strong rise in US customers
A strong expansion into the US market and weaker pound boosted half-year profits at maintenance company Homeserve by 4% to £22. 2m.
Halma's interim revenues jump, second-half on track to meet targets
Safety, health and environmental technology company Halma’s interim revenues rose and it remains on track to meet its targets for the second half of the year.
Europe open: Miners and energy shares pace the advance
European stocks gained ground in early trade, taking their cue from positive sessions in the US and Asia and underpinned by rising oil and metals prices.
London open: Stocks in the black as oil rallies, miners gain
Stocks in London rose in early trade, tracking gains in the US and Asia as oil and metals prices rallied.
Intertek's revenues grow but resources continues to weigh
While conditions for its resources division continue to remain challenging, Intertek drove revenues higher in the third quarter to remain on track to deliver full year growth and cash generation.
Rotork says forex tailwind to push FY profits to top end of estimates
Actuator maker Rotork said it expected full year revenue to be towards the top end of expectations due to a currency tailwind and a good performance from acquisitions.
UK government cuts Lloyds stake to just under 8%
The UK government has cut its stake in Lloyds Banking Group to just under 8%.
Cobham appoints Wareing chairman as Devaney steps down
FTSE 250 aerospace and defence group Cobham said chairman John Devaney will step down from his role with effect from 31 December, to be replaced by Michael Wareing, who is currently the company’s senior independent director.
Kingfisher remains on track despite drag from France
Home improvement retailer Kingfisher sales kept improving in the third quarter, though like-for-like sales growth slowed due to further softness in France.
Keller wins £40m South African contract
FTSE 250 geotechnical contractor Keller has been awarded a ground improvement contract in Durban, South Africa, valued at more than £40m.
AstraZeneca resumes enrolment for new cancer drug trial
AstraZeneca said on Tuesday that it will resume enrolment for a new cancer drug trial of durvalumab after the US Food and Drug Administration lifted a partial clinical hold on the enrolment of new patients with head and neck cancer.
Babcock H1 profits boosted by jump in revenues
Half year reported pre-tax profits at Babcock jumped 12% to £163. 5m on revenues up 7% to £2. 1bn and said it expected full year numbers to be in line with expectations.
Kingfisher held back by France; Hikma and Bunzl agree deals
London open The FTSE 100 index is expected to rise 52 points on Tuesday, according to City sources.
London pre-open: Stocks seen higher on positive US and Asian cues
Stocks in London were set for a slightly higher open on Tuesday, tracking gains in the US and Asia amid strong oil prices.
Hikma signs agreement with Vectura for salmeterol
Hikma Pharmaceuticals has signed a development and licensing agreement with Vectura for its generic salmeterol product (VR730) for the treatment of asthma and chronic obstructive pulmonary disease.
Bunzl to buy businesses in France, Denmark
International distribution and outsourcing group Bunzl said it had had entered into agreements to buy two businesses in France and Denmark for an undisclosed sum.
Tuesday newspaper round-up: Branson, broadband boost, IBM, Diageo
Alan Milburn, the former Labour health minister and government social mobility tsar, is at the helm of a new group funded in part by Sir Richard Branson to fight Britain’s exit from the European Union. The aim is to bring together disparate pro-European groups behind an explicit campaign to reverse the referendum decision to leave, probably only after the government has revealed the content of its exit terms and the UK economy has reacted.