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US existing home sales drop more than expected in December
Sales of US existing homes fell more than expected in December, according to data from the National Association of Realtors.
EnQuest to acquire 25% of BP's Magnus oil field
EnQuest, oil and gas development and production company, has agreed to acquire an initial 25% interest in Magnus oil field from British Petroleum (BP) for $85m.
INVE acquisition boosts Benchmark in 2016
Aquaculture biotechnology and food chain sustainability business Benchmark announced its preliminary results for the year to 30 September on Tuesday - a year in which it acquired INVE Aquaculture in December 2015 for $342m, creating the new Advanced Animal Nutrition division.
Broker tips: Standard Life, Essentra, William Hill
UBS downgraded Standard Life to ‘sell’ from ‘neutral’ and lowered its price target to 310p from 320p on expected earnings pressures from increased outflows from Standard Life Investments.
Defenx in line with expectations as it expands channel partner network
Swiss security software firm Defenx anticipates that its maiden full year results will be in line with expectations, as revenue rose and a strong second half brought the company into profitability.
Markit's flash US manufacturing PMI beat expectations
Markit’s US manufacturing purchasing managers’ index improved more than expected in January.
Henderson confirms it will pay first-quarter dividend
Ahead of their agreed merger, Henderson Group and Janus Capital have both confirmed they will pay their shareholders an extraordinary dividend.
Article 50 bill to be published 'within days', says David Davis
A bill to trigger Article 50 will be published “within days”, Brexit secretary David Davis said on Tuesday, following the Supreme Court’s ruling that Parliamentary consent is needed before activating the clause.
FTSE 100 movers: Anglo American shines but BT tumbles on profit warning
London’s FTSE 100 was up 0. 2% to 7,162. 63 in afternoon trade as investors digested news that the Supreme Court has ruled Parliamentary consent is needed before invoking Article 50 of the formal Brexit process.
Lakehouse prepares for 'transformation' after tough year
Support services group Lakehouse posted its full-year results to 30 September 2016 on Tuesday, with the board saying revenue and profitability principally reflected the underperformance of the property services division, together with the impact of carbon pricing reductions within energy services, offset in part by the contribution of recent acquisitions.
Sprue Aegis earnings plummet amid tough trading conditions
Home safety products supplier Sprue Aegis posted a trading update on Tuesday, ahead of the release of its audited final results for the year ended 31 December, which it said are expected to be in line with market expectations.
ITV rallies on bid chatter
Shares in ITV rallied on Tuesday following a report Virgin Media owner Liberty Global could be facing competition from some of the world’s largest companies to buy out the London-listed broadcaster.
Firstgroup, Trenitalia to bid for East Midlands and West Coast rail franchises
Transport operator FirstGroup said on Tuesday that it will bid with Trenitalia UK – the passenger rail transport company part of FS Italiane Group – for the East Midlands and West Coast Partnership rail franchise competitions due to be awarded in 2018.
WPP acquires controlling stake in Mediacom India
WPP has acquired a controlling stake in MediaCom India, having hitherto only carried a minority stake.
Alibaba's quarterly revenue rises 54%, raises full-year guidance
Jack Ma's Alibaba Group released an impressive quarterly earnings report on Tuesday, showing a 54% increase in revenue from the same quarter in 2015.
Wednesday preview: WH Smith unfolds trading update
UK stationary and newsagent retailer WH Smith reports a trading update on Wednesday, covering the first 20 weeks of fiscal year 2017.
Rex Tillerson approved by Senate committee as Trump's Secretary of State
Former boss of ExxonMobil Rex Tillerson has received approval of the Senate Foreign Relations Committee to be Secretary of State in US President Donald Trump's administration.
Empresaria's profit rises 'slightly' ahead of expectations
Staffing group Empresaria’s full year profit rose “slightly” ahead of expectations, while it continues it ‘invest and develop strategy’.
Liberty Media completes $8bn F1 takeover, Ecclestone stepping aside
Bernie Ecclestone is stepping down as the head of motorsport franchise Formula One after Liberty Media purchased the group for $8bn.
Johnson & Johnson slumps despite 1.7% sales rise
Mammoth US healthcare company Johnson & Johnson reported a 1. 7% rise in its sales during the final quarter of 2016, but its stock was trading 1. 68% lower in pre-market trade.