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Mattioli Woods buys chunk of Amati Global Investors
Specialist wealth management and employee benefits business Mattioli Woods announced it has acquired 49% of the issued share capital of Amati Global Investors from Amati Global Partners on Tuesday, for a total consideration of £3. 33m.
Ascential to buy US-based MediaLink for up to $207m
FTSE 250 business-to-business media company Ascential has agreed to buy US-based media advisory and business services provider MediaLink for an initial cash consideration of $69m and future earnouts, in a deal that is expected to enhance earnings per share in the first full year of ownership.
DCC buys Norwegian petrol business, affirms profit guidance
Alongside a strong third quarter profit, DCC struck a deal to buy Esso’s retail petrol station network in Norway as part of its plan to extend its presence in Europe.
Connect Group offloads education division to RM
Specialist distributor Connect Group announced on Tuesday that it has signed an agreement with RM to dispose of its education and care division, for a cash consideration of £56. 5m on a cash free, debt free basis.
Uber steps up flying car chase with hire of Nasa engineer
Ride-hailing service Uber is increasing its efforts to pioneer flying car technology the reported hiring of former Nasa engineer Mark Moore to head its research into the area.
Shanks performing in line as merger with Van Gansewinkel continues
International waste-to-product business Shanks Group issued its trading update for the period from 1 October to date on Tuesday, saying trading continued in line with that in the first half during the third quarter, with strong underlying performances from the commercial and hazardous waste divisions offset by continuing market and operational challenges in the UK municipal business.
Retail sales slump as BRC sees new consumer caution
UK retail sales slumped in January and the industry warned of a new caution for consumers due to rising inflation.
UK house prices fall in January for first time since August, Halifax reveals
UK house prices fell 0. 9% in January compared to a month ago to an average of £220,260, signalling a slowdown in the housing market in a post-Brexit environment.
Tesla and SpaceX join legal filing against Trump immigrant ban
Tesla Motors and SpaceX, two companies owned by tech industry giant Elon Musk, have added their names to the list of firms which officially opposes Donald Trump's temporary ban on immigrants from seven countries.
Marlowe buys Alpha Peerless Fire Systems for £475,000
AIM-listed Marlowe, which buys and develops support services companies, has bought Alpha Peerless Fire Systems for £475,000 on a cash and debt free basis.
Bonds: Gilts gain on haven flows, political risk rises
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Plus500 posts record results as it navigates regulatory changes
Online trading platform provider Plus500 announced record preliminary unaudited results for the year to 31 December on Tuesday, with revenues growing 19% to $327. 9m.
Bellway posts rise in completions, to build 5% more home this year
FTSE 250 housebuilder Bellway reported a rise in housing completions in the six months to the end of January and said it expects to build 5% more homes this year.
UK projected to grow faster than Germany and US by 2050
The UK could grow faster than Germany and the US over the coming decades, according to new research, but only if the country does not place too many restrictions on movement of people and agrees strong trade deals as part of the Brexit process.
Europe midday: Stocks on the front foot but euro weakens on rise of political risks
European equity markets were on the front foot on Tuesday following a series of corporate earnings, although investors were also concerned about political risks on the continent which dragged the euro lower but boosted the dollar.
London midday: FTSE gains as pound weakens against stronger dollar
The FTSE 100 rose on Tuesday as the pound weakened against a stronger dollar on growing expectations the Federal Reserve will hike interest rates earlier than anticipated.
Aldi becomes UK's fifth biggest supermarket as Tesco and Sainsbury slip
As Sainsbury's lost market share and Tesco's growth slowed, German discounter Aldi jumped up to become the UK's fifth largest supermarket as the grocery sector battled through a tricky few weeks.
XLMedia to buy mobile marketing platform for $5m
AIM-listed digital marketing firm XLMedia has agreed to buy ClicksMob, a mobile performance marketing platform for $5. 1m, in a bid to increase its reach in the Asian market.
US pre-open: Stocks seen slightly higher; dollar gains on Harker comments
US futures pointed to a slightly firmer open on Wall Street as investors awaited some high-profile earnings, while the dollar strengthened.
MPs reject amendments to Brexit bill
The House of Commons voted against four amendments proposed by Labour, the SNP and Plaid Cymru late on Monday to the ‘Brexit bill’, which will give the government the right to trigger Article 50 and start a two-year clock on formal negotiations to leave the EU.