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Higher volumes, prices push Vedanta unit to Q3 profit rise
Third quarter pre-tax profits at Vendanta Resources' main subsidiary rose to INR3,884 crore from INR1,120 crore in 2016 thanks to a recovery in commodity prices combined with an increase in volumes and cost efficiencies.
SRT Marine Systems ships transceivers order for Africa deployment
AIM-listed SRT Marine Systems has received and shipped an order for 1500 basic I100 Identifier VMS AIS Transceivers with SAT-Trak technology that will be deployed in Africa.
Europe midday: Stocks waver on lower than expected eurozone GDP data
European stocks wavered on Tuesday after data showed that the eurozone economy grew less than expected in the final quarter of 2016, while investors were also eyeing US Federal Reserve chair Janet Yellen’s testimony before Congress.
Asia report: Most markets lower ahead of Yellen hearing
Most markets in Asia finished lower on Tuesday, with investors keeping their wallets firmly shut ahead of Federal Reserve chair Janet Yellen’s two-day testimony in front of the US Congress.
Collagen Solutions announces capital hike
Collagen Solutions announces a placing and open offer to raise up to £8. 0m, and a conditional commitment from Norgine Ventures to subscribe for £4. 0m in secured private bonds with warrants.
RBC Capital thinks Virgin Money consensus is 'too bearish'
RBC Capital Markets has given the previously unrated Virgin Money an 'outperform' along with a 415p price target, as it thinks that consensus estimates are too bearish on the bank's margins, growth and cost of risk.
RWS to buy US life science language provider for $82.5m
Intellectual property support provider RWS Holdings is to buy Luz, a San Francisco-based life sciences language service provider, for $82. 5m, in order to increase its presence in the US.
US preopen: Stocks seen muted as investors await Yellen testimony
US futures pointed to a muted open on Wall Street as investors awaited a speech by Federal Reserve Chair Janet Yellen.
Sunrise Resources' shares dive as EP Minerals quits lease
Shares in Sunrise Resources are down almost 13% after the AIM-quoted company said EP Minerals, LLC gave unexepected notice to terminate its lease of the County Line Diatomite claims.
Tuesday broker round-up
Antofagasta: Bank of America Merill Lynch upgrades to Buy with a target price of 1050p.
UK defence spending falls short of NATO minimum, thinktank says
Defence spending in the UK has fallen below the 2% of GDP required by the North Atlantic Treaty Organisation (NATO), according to new research from a thinktank.
German investor sentiment deteriorates more than expected
German investor sentiment deteriorated more than expected in February, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Eurozone industrial production drops more than expected in December
Eurozone industrial production fell more than expected in December, according to the latest data from Eurostat.
Keras Resources updates inferred mineral resource at Copenhagen Deposit
Shares in Keras Resources are up more than 5% after it announced an initial inferred mineral resource (IMR) at the Copenhagen Deposit.
Eurozone economy grows less than expected in Q4
The Eurozone economy grew less than initially estimated in the fourth quarter, according to the latest data from Eurostat.
BlueRock Diamonds' shares up after Kareevlei operations update
Shares in BlueRock Diamonds are up more than 5% thanks to a well-received update on operations at Kareevlei, its licence area in the Northern Cape of South Africa.
Acacia Mining returns to profit in 4th quarter
Acacia Mining returned to profit in the final quarter of 2016 as it said 2017 gold production increased to between 850,000-900,000 ounces at lower costs of $880-$920 per oz.
Brexit price rise could take fizz out of champagne sales, warns industry body
Brexit, a weak pound and rising inflation could take the fizz out of prosecco and champagne sales as prices rise, the industry's trade body warned on Tuesday.
Getech wins contract to carry out study on UK continental shelf
Shares rose in Getech Group, a provider of natural resources exploration data, as it announced it has won a contract from the Oil and Gas Authority (OGA) for a petroleum system related study of the UK continental shelf's South West Approaches region.
Rolls-Royce posts £4.6bn loss, expects 'modest' improvement in 2017
Rolls-Royce posted a record £4. 6bn pre-tax loss but revealed a better than expected underlying profit and that efforts to cut costs as part of its transformation programme were at the top end of expectations.