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Pendragon pleased with 2016 performance
Franchised motor dealer operator Pendragon posted its results for the year to 31 December on Tuesday, with like-for-like gross profit rising 4. 9% to £548. 7m, while like-for-like operating profit grew 2% to £104. 3m.
Analysts disagree over whether Rolls-Royce has 'turned a corner'
With the furore around Rolls-Royce's record loss due to new reporting standards having mostly subsided, Jefferies wondered whether "a corner has been turned", but others saw 2017 as just another transition year.
UK inflation rises less than expected, producer prices soar
UK inflation in January rose to its highest level since June 2014, according to official figures published on Tuesday, though not quite as high as was expected.
Mitchells & Butlers slumps on Canaccord downgrade
Pub group Mitchells & Butlers was under pressure after Canaccord Genuity downgraded the stock to ‘hold’ from ‘buy’ and cut the price target to 285p from 350p.
JPMorgan rates Drax at 'overweight'
JPMorgan Cazenove has moved to an ‘overweight’ rating on Drax, which was previously not rated, and rated at ‘neutral’ before that.
Ex-Goldman Sachs banker Mnuchin confirmed as US treasury secretary
Steven Mnuchin was confirmed as Donald Trump's treasury secretary on Monday after the former Goldman Sachs executive was approved narrowly in the Senate.
Horizon Discovery looks to grow revenue as it teams up with pharmaceutical
Gene editing technology company Horizon Discovery has teamed up with a global pharmaceutical to support its drug discovery developments as it aims to increase revenue in 2017.
London open: Focus on UK CPI, Fed's Yellen
Stocks began Tuesday's session moving lower, with traders in a defensive crouch ahead of key risk events scheduled for later in the day.
Europe open: Stocks tick lower amid earnings as investors eye Yellen
European stocks ticked lower in early trade as investors sifted through corporate releases and looked ahead to a speech by Federal Reserve Chair Janet Yellen .
Xeros Tech launches polymer cleaning solution for firefighters' equipment
Xeros Technology Group, a developer of patented polymer based systems, launched a polymer cleaning solution for firefighters' personal protection equipment on Tuesday.
Trump's national security adviser Flynn resigns following Russia furore
Donald Trump's national security adviser Michael Flynn stepped down from his post overnight amid allegations of improper contacts with the Russian embassy in Washington DC before he took up his new position.
German GDP grows less than expected in fourth quarter 2016
The German economy grew less than expected in the fourth quarter, according to data released by Destatis on Tuesday. Gross domestic product rose 0. 4% on the previous quarter on a seasonally-adjusted basis, missing economists’ expectations of 0. 5% growth.
Toshiba delays earnings results till March
Shares in Toshiba fell 8% after the Japanese conglomerate delayed reporting its third quarter results on Tuesday as speculation grows about its nuclear business.
Amec Foster Wheeler wins Spanish uranium project contact
Energy services group Amec Foster Wheeler has been awarded a contract by Berkeley Energia to help develop its uranium processing plant at its Salamanca Project in western Spain.
China January CPI gains to prove short-lived, economists say
Consumer prices in China edged past forecasts at the start of the year but some economists cautioned against expecting a sustained pick-up in inflation pressures.
GSK upbeat on new HIV drug test results
GlaxoSmithKline announced on Tuesday that its majority-owned specialist HIV company ViiV Healthcare, which was established with Pfizer and Shionogi as shareholders, had released detailed study results from one of its phase III programme.
Spectris struggles with currency and acquisition costs
Productivity-enhancing instrumentation and controls company Spectris announced its full year results for the 12 months to 31 December on Tuesday, with 13% growth in reported sales to £1. 35bn.
Inmarsat inks deal with Cyprus-based Satlink
FTSE 250 satellite communication services provider Inmarsat has entered into a new agreement with Satlink Satellite Communications to integrate its Global Xpress maritime solution Fleet Xpress into Satlink's existing service portfolio.
London pre-open: Traders playing it safe ahead of CPI data, Fed´s Yellen
Traders were keeping their cards close to their chests before the opening bell ahead of key risk events scheduled for later in the day.