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Morgan Advanced Materials FY lower after LatAm, China closures
Full year pre-tax profits at Morgan Advanced Materials fell as the company reported exceptional charges after closing businesses in Brazil, Venezuela and China.
XLMedia warns of extra-small revenue
Digital marketing outfit XLMedia expects revenues to drop as much as $30m in its current trading year following its strategic shift away from media operations.
StanChart tweaks strategy as profits come in short
Standard Chartered said it plans to cut costs, sell its stake in its Indonesian partner and ramp-up investment in technology after the emerging markets lender's profits came in lower than expected for last year.
Fresnillo shares lose their shine as profit slumps
Shares in precious metals miner Fresnillo slumped on Tuesday as it posted a 34. 7% drop in full-year pre-tax profit and warned that 2019 will be another challenging year.
WYG head of finance steps down following profit warning
Professional services company WYG revealed on Tuesday that chief financial officer Iain Clarkson had stood down from its board with immediate effect.
Morses Club acquires online loans provider CURO
Credit lender Morses Club has acquired online loans provider CURO Transatlantic in order to expand its digital offerings in response to growing demand.
Travis Perkins shares soar as adjusted profits beat forecasts
Shares in UK building materials retailer Travis Perkins soared in early trade as adjusted pre-tax profits came in above forecasts.
Meggitt profit drops despite strong growth in all end markets
FTSE 250 engineering group Meggitt reported a drop in full-year pre-tax profit on Tuesday even as revenue rose amid strong growth in all end markets.
Scott Parsons steps down as MD of Landsec retail portfolio
Land Securities Group announced on Tuesday that Scott Parsons has resigned from his role as managing director of the company’s retail portfolio.
London open: Stocks drop as sterling rallies; Persimmon rebounds
London stocks tumbled in early trade on Tuesday, taking their cue from losses in Asia, with a stronger pound weighing on the top-flight index amid hopes of an extension to Article 50.
Offshore wind propels James Fisher FY profits
Marine services company James Fisher said full year pre-tax profits rose 17% to £55m due to solid performances from its marine support unit and growth in services provided to the UK renewables industry.
Persimmon profits top £1bn as use of Help to Buy grows
Persimmon topped £1bn of profits last year as the housebuilder's sales and margins were boosted by almost half its houses being sold under the government's Help to Buy scheme.
Babcock sees £10m annual hit from Brexit
UK engineering firm Babcock said it would take a one-off £10m tax hit and annual £10m charge on its European aerial firefighting business as a result of Brexit.
Croda announces £150m special dividend as profit ticks up
Specialty chemicals company Croda International announced a £150m special dividend on Tuesday as it said full-year pre-tax profit nudged higher.
Charlotte Jones appointed finance chief at RSA
RSA Insurance Group announced the appointment of Charlotte Jones as its chief financial officer on Tuesday, replacing Scott Egan who moved to become chief executive officer of RSA's UK and International Division on 5 February.
London pre-open: Stocks seen lower on weak Asian cues, firmer pound
London stocks were set for a downbeat open on Tuesday, taking their cue from a negative Asian session as optimism over Sino-US trade relations faded and as the pound popped higher on hopes of an extension to Article 50.
Babcock continues to make good progress, Persimmon profits exceed £1bn
London open The FTSE 100 is expected to open 46 points lower on Tuesday, having closed up 0. 07% at 7,183. 74 on Monday.
Tuesday newspaper round-up: Tesla, Monsanto, Vodafone, debt
The US Securities and Exchange Commission on Monday asked a judge to hold Tesla’s CEO, Elon Musk, in contempt for violating last year’s settlementwith the federal agency. Shares of Tesla fell about 5% in extended trading. The regulator pointed to Musk’s 19 February tweet saying “Tesla made 0 cars in 2011, but will make around 500k in 2019”, noting that Musk did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people.