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FTSE 250 movers: Acacia shines; M&B hit by downgrade
London’s FTSE 250 index was up 0. 2% to 18,797. 78 in afternoon trade.
Allergy Therapeutics gets trial go-ahead in Spain
Specialty pharmaceutical company Allergy Therapeutics announced on Tuesday that its Phase I clinical study investigating the safety and tolerability of Acarovac MPL received ‘Clinical Trial Application’ approval in Spain.
Comment: Yellen to take refuge in economic data as Trump storm approaches
By Ipek Ozkardeskaya, senior market analyst at London Capital Group.
Broker tips: Drax, Virgin Money and Mitchells & Butlers
Drax JPMorgan Cazenove has moved to an ‘overweight’ rating on Drax, which was previously not rated, and rated at ‘neutral’ before that.
FTSE 100: TUI soars on narrower losses; Rolls-Royce plummets
TUI shares soared to the top of the FTSE 100 risers list as the Anglo-German travel firm said its first quarter loss narrowed as revenue grew and it expected to grow underlying earnings 10% for the full year.
Altitude Group 2016 results to be 'marginally' ahead of expectations
Altitude Group expects results for 2016 to be “marginally” ahead of expectations, subject to audit, after it cut costs by about £1. 8m by restructuring the technology company.
Mariana Resources notes encouraging drilling at Ergama Project
Shares in Mariana Resources are up 2% after initial drilling at its 100%-owned Ergama Project intersected porphyry-style gold-copper mineralisation, which it described as encouraging.
UK govt rejects petition calling for withdrawal of Trump visit invitation
The British government has rejected a petition calling for the withdrawal of US President Donald Trump's state visit invitation.
Pebble Beach Systems plans cost reductions, terminates executive chair
Shares in Pebble Beach Systems Group are up more than 1% after it issued plans to pursue a cost-reduction strategy, which has seen a notice of termination served on executive chairman John Hawkins and closure of the company's Head Office function.
Peugeot in talks to buy GM's Opel
Peugeot is in talks with General Motors about acquiring its European Opel business.
Electric Word swings to profit as it slims down operation
Specialist information business Electric Word posted its audited results for the year to 30 November on Tuesday, with group profit for the year of £9. 2m- swinging from a £2. 3m loss - including a £10. 7m profit from discontinued operations.
Sylvania Platinum earnings triple in first half
Sylvania Platinum posted its interim financial results for the six months to 31 December on Tuesday, with group EBITDA has increasing to $9. 22m from $3. 61m in the first half of the prior year.
London midday: Lower than expected CPI props up stocks
Stocks had recovered from early losses come midday on Tuesday, propped up by lower-than-expected UK CPI data and ahead of a key speech from US central bank chair Janet Yellen scheduled for later in the day.
LiDCO posts extensive trading update
Cardiovascular monitoring company LiDCO Group provided a trading update for the full year to 31 January on Tuesday, with product revenues in the period expected to be up 14% to £6. 76m, with total revenues - including third party products - expected to be up by 8% to £8. 21m.
TUI first quarter losses narrow
TUI’s first quarter loss narrowed as revenue grew as the Anglo-German travel firm said it expected to grow underlying earnings 10% for the full year.
Article 50 unlikely to be triggered at EU summit on 9 March
Britain is unlikely to trigger the two year Brexit negotiating process at the next European Union summit on 9 March, Brexit Secretary David Davis said on Tuesday.
Anglo American chairman John Parker to step down
Anglo American’s chairman, John Parker, plans to step down from the role in 2017 after eight years.
Veltyco finishes year on a high
Online gaming, lottery and financial trading marketing company Veltyco Group provided a trading update for the year to 31 December on Tuesday.
Major car firms urge Trump to reverse Obama fuel regulations
Several of the world's largest car-makers have written a letter to US President Donald Trump, urging him to reevaluate legislation introduced by the Obama administration which will restrict fuel usage by 2025.
SDL appoints Jim Saunders as chief product officer
Language translation technology services company SDL announced on Tuesday that Jim Saunders had been appointed as chief product officer.