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Revenue and earnings rise as Nostrum keeps lid on costs
Independent oil and gas company Nostrum Oil & Gas posted its financial results for the three months to 31 March on Tuesday, with revenue rising to $111. 9m from $73. 9m year-on-year, and net operating cash flows of $69. 8m, rising from $27. 0m.
Europe open: Stocks push higher on strong PMIs, IFO index
European stocks are pushing higher, with investors focused on a slate of positive economic data out of the single currency bloc.
London open: Stocks nudge higher despite tragic Manchester attack
London stocks nudged higher in early trade even as investors digested news of a suspected terror attack at a concert in Manchester on Monday evening that left 22 people dead and more than 50 injured.
Restaurant Group hit by UBS downgrade
Restaurant Group was under pressure on Tuesday as UBS downgraded the stock to 'sell' from 'neutral' and cut the price target to 275p from 310p following a strong run in the shares recently and pointing to the turnaround plans for Frankie & Benny's.
Shaftesbury shares spoils from London's booming West End
As London's West End continued to attract shoppers and tourists in droves, landlord Shaftesbury hiked its half-year dividend 10. 5% as its portfolio grew in value and profits surged.
German business confidence improves more than expected - Ifo
German business confidence improved more than expected in May, according to a widely-followed survey.
Topps Tiles interim profit drops amid 'challenging' market
Topps Tiles reported a drop in profit and sales for the first half amid a "challenging market".
Big Yellow FY pre-tax profits lower as revenue rises
Self storage firm Big Yellow said full year pre-tax profits fell 11% to £99. 8m due to a lower gain in the valuation of the group's investment properties.
EasyJet flies higher on RBC Capital upgrade
Budget airline easyJet flew higher on Tuesday as RBC Capital Markets upped its stance on the stock to 'sector perform' from 'underperform' and hiked the price target to 1,325p from 875p, saying it's likely the company has reached its profit nadir.
Plenty of headroom for more investment at Assura
Healthcare-focussed real estate investment trust Assura announced its full year results for the year to 31 March on Tuesday, with the board reporting a year of “continued growth” in its portfolio, rents, profit and dividend.
Homeserve surges as it hikes dividend 20%, FY profit rises
FTSE 250 home repair and improvements business Homeserve surged on Tuesday as it posted a jump in full-year pre-tax profit and hiked its dividend for the year by 20%.
UDG Healthcare lifts earnings guidance after decent first half
International healthcare services provider UDG Healthcare announced its interim results for the six months to 31 March on Tuesday, with diluted earnings per share from continuing operations increasing by 19%, or 29% on a constant currency basis, which the board said was aided by acquisitions and other timing benefits during the first half of the financial year.
Tuesday newspaper round-up: Bomb attack, Merkel on euro, energy lobbying
At least 22 people have been killed and 59 injured in what is being investigated as a suspected suicide bombing of a crowded pop concert in Manchester, the most deadly attack in Britain in a decade. - Guardian .
Weaker sterling helps push AVEVA revenue higher
Engineering data and IT system design provider AVEVA Group posted its preliminary results for the year to 31 March on Tuesday, with revenue up 7. 1% to £215. 8m, which the board said was assisted by currency translation.
Electrocomponents FY profits sparked by currency boost, market share growth
Distribution firm Electrocomponents said full year reported profit before tax quadrupled to £127. 1m as it profited from a currency tailwinds and made market share gains in Northern Europe and North America.
NEX restructures Optimisation to 'better serve' clients
NEX Optimisation, the division of NEX Group which helps clients reduce complexity and optimise resources across the transaction lifecycle, announced on Tuesday that it has restructured to organise the business “in a way that clients want to consume services and address their own financial, regulatory and operational challenges”.
Fresnillo board confident as investors gather for AGM
Investors in Fresnillo were gathering in London for the company’s annual general meeting on Tuesday, with Alberto Baillères set to update them on the firm’s progress amid a period of volatile metals prices.
Severn Trent turns up dividend tap after finding new efficiencies
Water supplier Severn Trent declared another chunky dividend and said it planned an enhanced payout for the next three years after spying further efficiencies in the business.
AstraZeneca diabetes trial meets safety objective
AstraZeneca said on Tuesday that its Bydureon EXSCEL trial met its primary safety objective in type 2 diabetes patients at a wide range of cardiovascular risk.
Cranswick FY profit, revenue rise as exports grow
FTSE 250 meat supplier Cranswick posted a jump in full-year profit as it hailed a year of "strong financial and strategic progress".