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IP Group performs well in first half, ups offer for Touchstone
Intellectual property-based business developer IP Group saw its net assets grow to £968. 1m in its first half, it reported on Tuesday, from £748. 5m year-on-year, while its hard net asset value was firmer at £890. 5m, from £683. 5m 12 months earlier.
Vesuvius appoints Patrick Andre as new CEO
Vesuvius said on Tuesday that Patrick Andre, the president of its flow control business, will succeed Francois Wanecq as chief executive with effect from 1 September.
Experian revenue growth weakened by UK and Ireland
Information services company Experian reported total revenue growth of 5% in its first quarter on Tuesday, driven primarily by a 17% surge in revenue in Latin America, as well as 8% growth in North America and 5% in the EMEA-Asia Pacific regions.
Dairy Crest first half in line, full-year outlook unchanged
Dairy Crest said on Tuesday that trading in the first quarter was in line with expectations and the company's outlook for the full year remains unchanged.
London pre-open: Stocks seen lower ahead of inflation figures
London stocks were set for a downbeat start on Tuesday, taking their cue from a negative session in Asia as investors await key inflation data.
British Land in £300m share buyback
British Land on Tuesday announced a £300m buyback, saying opportunities investment in the company's shares at the prevailing discount “offers better value than further asset acquisitions”.
Tuesday newspaper round-up: Growth concerns, China, insurance, autumn coup
Rising prices and weak wage growth are already hitting the economy as British households are forced to cut back spending, analysts at PwC have warned as they forecast economic growth will slow to 1. 5% this year from 1. 8% in 2016. Falls in the pound over the past year have pushed up the cost of imported goods such as food and petrol, while wages have failed to maintain pace – though steady falls in unemployment have helped to cushion the blow. - Telegraph.