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Dowlais holds guidance as GKN posts strong first half
GKN Automotive owner Dowlais Group held annual guidance after posting better-than-expected maiden interim profits, driven by strong margins and the growing push for electric vehicles.
Wickes on track but H1 profits dented by IT costs
Wickes said it remains on track to hit forecasts this year after a solid first half, though profits were hit by ongoing IT expenses as it continues to separate its backend systems away from previous owner Travis Perkins.
UK average earnings growth unchanged at record high
UK wage growth remained at its highest level in 22 years in July, but the unemployment rate ticked higher, according to figures released on Tuesday by the Office for National Statistics.
Rotork finance chief to retire, AB Foods lifts guidance
London open The FTSE 100 is expected to open 18 points higher on Tuesday, having closed up 0. 25% on Monday at 7,496. 87.
Ithaca Energy to buy out Shell stake in Cambo field
UK oil and gas producer Ithaca Energy on Tuesday said it was buying the remaining 30% stake in the West Shetland Cambo field from Shell UK.
Chemring full-year targets depend on outstanding £25m DoD order
Aerospace, defence and security tech group Chemring said it remains on track to hit forecasts this year, but only as long as the US Department of Defense signs off a £25m order.
London pre-open: Stocks to nudge up as investors mull UK jobs data
London stocks were set to edge up at the open on Tuesday following a solid session on Wall Street, as investors mulled the latest UK jobs data.
AB Foods lifts guidance again as Primark recovers
UK conglomerate Associated British Foods lifted annual guidance again boosted by recovery at its Primark retail chain and strong performance from food operations.
Rotork's veteran finance boss to retire next year
Industrial valve manufacturer Rotork has announced that long-standing finance chief Jonathan Davies is to retire early next year.
Tuesday newspaper round-up: Tax cuts, CBI, iPhones
Jeremy Hunt has warned that the high pace of inflation in Britain will prevent pre-election tax cuts this autumn amid signals from the Bank of England that another rate rise to ease cost of living pressures is coming next week. Speaking in India, the chancellor said he would be wary of putting money into the pockets of consumers in his November package because of the danger that it would overstimulate the economy and make it more difficult for Threadneedle Street to bring inflation down.
Sector movers: Homebuilders and miners pace gains
Miners were among the best performers on the FTSE 350 at the start of the week, helped by the release of better-than-expected credit and lending figures out of the People's Republic of China.