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Petrofac claims solid start to year as backlog shrinks
Petrofac issued a pre-close trading update on Tuesday morning, ahead of the announcement of its half year results for the six months to 30 June on 30 August, claiming underlying net profit for the first half of 2017 was expected to be between $135m and $145m, with full year net profit expected to be weighted to the second half of the year.
Travis Perkins appoints Stuart Chambers as chairman
Builders' merchant Travis Perkins has announced the appointment of Stuart Chambers as its chairman with effect from November.
London pre-open: Stocks seen higher as investors eye Carney
London stocks were set for a slightly firmer open on Tuesday as investors eye the Bank of England's financial stability report and a speech by governor Mark Carney.
LondonMetric sells last office office building for £68.5m
LondonMetric Property said it had sold its last remaining office asset in Marlow to Kildare Partners for £68. 5m.
Tuesday newspaper round-up: Debt, Trade war, Syria
Households continued to pile debt on to their credit cards and run down their savings to meet living costs in May as the squeeze on wages bit deeper. The annual growth in personal deposits dropped to 2. 6%, the lowest for more than five years, according to figures from the British Bankers' Association. Consumer credit growth, in credit cards, overdrafts and personal loans, slowed to a rate not seen since October 2015, but at 5. 1% remained high by historic standards.