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Shareholder Palliser urges Capricorn to call off Tullow deal
Palliser Capital, one of Capricorn Energy’s largest shareholders, has called on the company to withdraw its recommendation for the agreed merger with Tullow Energy.
Qinetiq locks in $45.0m contract with Development Command
Science and engineering company Qinetiq has secured a $45. 0m, five-year contract to provide services for the Development Command at its Fort Belvoir prototyping integration facility.
Europe open: Shares lower as investors focus on US CPI
European shares opened lower on Tuesday with investor focus turning to key US inflation data on Wednesday.
London open: Stocks muted after Wall Street tech selloff
London stocks were little changed in early trade on Tuesday following a tech selloff on Wall Street.
WSP to buy RPS in £591m deal
Shares of professional services firm RPS Group surged on Tuesday after it agreed to be bought by rival WSP for around £591. 1m.
Legal & General operating profit rises 8%
UK insurer Legal & General lifted interim operating profits on Tuesday, driven by higher interest rates and a strong annuity portfolio performance.
TI Fluid Systems H1 operating profits slump despite revenue growth
Automotive fluid systems manufacturer TI Fluid Systems said on Tuesday that interim operating profits had slumped despite posting a marked increase in revenues.
Coca-Cola HBC to acquire ESM Effervescent Sodas
Beverage company Coca-Cola Hellenic Bottling has agreed to acquire ESM Effervescent Sodas from Greece's IDEAL Holdings' wholly-owned SICC Holdings subsidiary.
Abrdn posts drop in first-half profits, cautious on outlook
Asset manager Abrdn posted a drop in first-half profit and revenue on Tuesday and struck a cautious note on the outlook.
Home prices drive 13% rise in Bellway housing revenues
House builder Bellway on Tuesday reported a 13% rise in annual housing revenue rose, driven by strong home prices which offset pressure from higher costs.
Avast H1 EBITDA drops, IHG interim profits double
London pre-open The FTSE 100 was being called to open 13. 8 points lower ahead of the bell on Tuesday after closing 0. 57% higher in the previous session at 7,482. 37.
London pre-open: Stocks seen muted after weak US close
London stocks were set for a muted open on Tuesday following a weak close on Wall Street.
Tuesday newspaper round-up: Retailers, luxury rents, IBM
July could be the “lull before the storm” for retailers and consumers after the heatwave boosted sales of summer clothing, picnic treats and electric fans despite the intensifying cost of living crisis, experts have warned. Figures from the British Retail Consortium (BRC) revealed a 2. 3% sales rise last month compared with a 6. 4% rise the year before. The latest BRC-KPMG sales monitor found the sales growth was largely caused by inflation, which is at more than 9%, and masked a larger drop in the number of items sold.
Avast H1 EBITDA drops as margins contract
Cybersecurity provider Avast said on Tuesday that underlying earnings had dropped in the six months ended 30 June as margins contracted and revenues remained broadly flat year-on-year.
Sector movers: Precious metals miners and Life insurance pace gains
Precious Metals and Mining paced gains at the start of the week amid a dip in the US dollar index while on the geopolitical side of things the tense situation in the Taiwan Strait continued, not to mention the war in Ukraine.
US close: Stocks mixed as traders look to inflation data
Wall Street stocks were mixed at the end of trading on Monday, ahead of a key inflation report scheduled for later in the week.