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DCC operating profit grows despite fall in first-half revenue
DCC reported an 11. 3% fall in first-half revenue on Tuesday, to £9. 62bn, although adjusted operating profit rose 12% to £247. 6m, or 12. 2% at constant currency.
London midday: FTSE falls further ahead of US inflation print
London stocks had extended losses by midday on Tuesday as investors mulled UK jobs data and as jitters crept in ahead of the latest US inflation report.
Gear4music lowers revenue expectations as it focuses on profitability
Musical instrument and equipment online retailer Gear4music reported a 6% fall in total revenues in its first half on Tuesday, to £63. 6m, although it adjusted its full-year revenue expectations downward.
Revolution Beauty swings to first-half profit
Cosmetics group Revolution Beauty swung to a profit in the first half after a 20% jump in sales, a strong improvement in margins and cost reductions.
Elementis sets down efficiency and cost savings goals
Speciality chemicals company Elementis outlined its 2026 group performance objectives on Tuesday, aimed at achieving an adjusted operating profit margin of 19% or higher, maintaining a three-year average operating cash conversion rate above 90%, and securing a return on capital employed, excluding goodwill above 20%.
IP Group welcomes licensing agreement between Autifony and Jazz Pharmaceuticals
IP Group welcomed the licensing agreement inked between Autifony, one of its investments, and Nasdaq-listed Jazz Pharmaceuticals.
Oxford Instruments revenue rises amid mixed trading
Oxford Instruments reported a 4. 6% increase in first-half revenue on Tuesday, totalling £209. 7m, driven by a robust performance in research and discovery.
Eurozone GDP contracts in Q3 but labour market remains resilient
The Eurozone contraction was confirmed at 0. 1% in the third quarter, but the number of people in employment jumped more than forecast.
Wise profits surge on higher interest rates
Payments firm Wise posted a surge in first-half profits on Tuesday and upgraded its full-year EBITDA margin expectations, as it benefits from higher interest rates.
Bank of Georgia Group posts bumper Q3 profits
Bank of Georgia posted another bumper set of results against the backdrop of continued quick growth in the local economy.
US pre-open: Markets subdued ahead of CPI release
US stock futures were pointing to a subdued start on Wall Street on Tuesday as investors treaded cautiously ahead of key inflation figures ahead of the opening bell.
Asia report: Markets mixed as investors await infaltion data
Asia-Pacific markets experienced a mixed performance on Tuesday, with positive momentum in several key indices as investors eagerly awaited highly anticipated talks between the United States and China and the release of more economic data.
German investor sentiment improves in November - ZEW
German investor sentiment improved more than expected in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Landsec portfolio valuation dives on higher interest rates
Real estate group Landsec saw a near-5% fall in net assets per share in its fiscal first half as it wrote down its portfolio by £375m, but said it expects a pick-up in investment activity in 2024.
DCC set to acquire German LPG distributor Progas
DCC announced its intention to acquire Progas, a distributor of LPG in Germany, on Tuesday.
Convatec to hit top end of guidance after strong Q3
Convatec's share price advanced on Tuesday after the medical products and technologies group narrowed its full-year sales guidance to the top of the expected range.
Hill & Smith FY profit to be ‘slightly ahead’ of market views
Hill & Smith said on Tuesday that 2023 operating profit was set to be "slightly ahead" of the top end of current analyst consensus, as it hailed a "good" trading performance.
AstraZeneca's latest lung cancer trial fails its primary endpoint
AstraZeneca announced on Tuesday that its ‘PACIFIC-2’ phase three trial for Imfinzi, or durvalumab, concurrently administered with chemoradiotherapy (CRT), did not achieve its primary endpoint of progression-free survival compared to CRT alone.
Vesuvius backs FY expectations despite weaker market conditions, shares slump
Molten metal flow engineer Vesuvius slumped on Tuesday as it said it was still set to meet its full-year expectations, despite weaker market conditions.
Grafton on track to meet FY profit expectations
Building materials distributor and DIY retailer Grafton said on Tuesday that it was on track to deliver full-year operating profit in line with expectations, as it reported an uptick in revenue despite "slightly softer than anticipated" market conditions in September and October.