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Speedy Hire returns to profit as turnaround plan bears fruit
Equipment and plant hire services company Speedy Hire returned to profit in the year to the end of March 2017 as revenue grew and the turnaround plan bore fruit.
Wood Group wins Brent Bravo decommissioning contract
Energy services company Wood Group has been awarded a contract to support Shell in the decommissioning of its Brent Bravo platform in the North Sea.
NewRiver FY pre-tax profits fall; to pay special divi
Real estate investment trust NewRiver (NRR) on Tuesday reported a fall in full year pre-tax profits to £37. 4m from £69m.
Tuesday newspaper round-up: Sterling, renewables, Microsoft, fund charges
Sterling is close to crossing back above $1. 30 for the first time since September as investors cut their short positions amid hopes that a hard Brexit is less likely and ahead of an expected surge in inflation. There are now fewer short positions against the pound than at any time since July last year, a month after the Brexit vote, with sterling’s rebound also making it more viable for companies to take out hedges to manage their currency risk. - The Times.
Vodafone dials in improved revenue, adjusted earnings
Mobile-focussed telco Vodafone Group posted its results for the year to 31 March on Tuesday, with group total revenue down 4. 4% to €47. 6bn, while full year organic service revenue grew 1. 9%.
Inmarsat launches fourth GX satellite with SpaceX rocket
Using a SpaceX rocket, Inmarsat has successfully launched the fourth satellite of its Global Xpress high-speed broadband programme, allowing the company to offer guaranteed global connectivity worldwide.
Old Mutual prices 17m share public offering at $14.55 each
OM Asset Management (OMAM) said it would place 17. 3m ordinary shares at $14. 55 each in a public offering.
Inchcape wins distribution contract with Groupe PSA in Australia
FTSE 250 car dealership Inchcape has won a contract with Groupe PSA in Australia to distribute its Peugeot and Citroen brands.
Crest Nicholson on track for 10% FY revenue growth
FTSE 250 housebuilder Crest Nicholson said on Tuesday that trading remains in line with expectations and it's on track to deliver revenue growth of around 10% for the year to the end of October 2017.
London pre-open: Stocks seen muted as investors eye inflation data
London stocks were set for a muted open on Tuesday after closing at a fresh record high the day before, as investors await the release of key UK inflation data.
DCC full year profits soar 23%
Full year pre-tax profits at business support group DCC rose 23. 7% to £268. 2m on the back of a 17% rise in revenue to £12. 2bn.