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Deutsche Bank hikes Rolls-Royce price target
Deutsche Bank hiked its price target on Rolls-Royce to 555p from 465p on Tuesday as it revisited the valuation ahead of first-half results.
Chapel Down considers sale as it weighs funding options
Chapel Down said on Tuesday that it is conducting a strategic review of options to fund long-term growth, which includes investment from existing and new shareholders and a potential sale of the company.
London midday: Stocks fall as Rolls-Royce, Melrose hit by Airbus warning
London stocks had fallen into the red by midday on Tuesday, with Rolls-Royce and Melrose pacing the declines after a profit warning from Airbus.
EU calls Microsoft's bundling of Teams 'abusive'
The European Union (EU) accused Microsoft of violating competition regulations on Tuesday, through the “abusive” bundling of its Teams and Office products.
Morrisons sales rise in Q2 as it expands convenience estate
Supermarket operator Morrisons reported a strong second-quarter performance on Tuesday, with continued sales momentum, significant operational progress, and substantial deleveraging.
Tortilla Mexican Grill buys Fresh Burritos for €3.95m
Tortilla Mexican Grill said on Tuesday that it has bought Fresh Burritos, the second largest fast-casual Mexican restaurant group in Europe, and largest in France, €3. 95m (£3. 3m).
Proton Motor Power gets follow-up order from Deutsche Bahn
Proton Motor Power Systems, a designer and producer of zero-carbon fuel cells and fuel cell electric hybrid systems, announced a new follow-up order from DB Bahnbau Gruppe, a subsidiary of Deutsche Bahn, on Tuesday.
US pre-open: Markets to snap losing streak as Nvidia rebounds
US stock futures were pointing to small gains in pre-market trade with the S&P 500 and Nasdaq set to rebound after three straight days of losses.
Vertu sees solid Q1 growth, but ZEV mandate raises uncertainty
Automotive retailer Vertu Motors said that results should be in line with market expectations after a solid start to the new financial year, with new and used car sales rising along growing volumes in fleet and commercial vehicles.
Sound Energy demobilises Tendrara workover rig
Sound Energy has announced the successful completion and demobilisation of the Star Valley Rig 101 on Tuesday, following planned workover operations on the gas wells TE-6 and TE-7 at the Tendrara project.
Berenberg upgrades Admiral to ‘buy’, shares rally
Berenberg upgraded Admiral on Tuesday to ‘buy’ from ‘hold’ and lifted the price target to 3,127p from 2,973p, citing an attractive valuation.
Warehouse REIT reports robust year, part-acquires Ventura Retail Park
Warehouse REIT reported a robust set of full-year results on Tuesday, driven by strong occupational demand and a focus on multi-let assets.
Augmentum reports year of solid NAV growth
Augmentum Fintech reported a 3. 1% increase in its net asset value before performance fees in its annual report on Tuesday, rising to £303. 3m from £294. 1m in the prior year.
Orchard Funding lifts expectations amid strong premium finance market
Insurance premium finance and professions funding specialist Orchard Funding Group reported a robust performance in the insurance premium finance market on Tuesday, driving revenue growth through increased lending.
Asia report: Most markets rise after mixed day on Wall Street
Stock markets in the Asia-Pacific region experienced mostly positive performance on Tuesday, with Japan's Topix reaching its highest level in three weeks.
Europe open: Aerospace stocks drop as Airbus cuts forecasts
European stocks were mostly lower on Tuesday with heavy falls in Frankfurt and Paris outweighing a more subdued performance elsewhere with heavyweights Airbus and Merck leading the decline.
London open: Stocks nudge up; Ocado and Melrose under the cosh
London stocks nudged higher in early trade on Tuesday following a mixed close on Wall Street, as investors eyed the release of a key US inflation reading and UK GDP data later in the week.
Wynnstay reports weaker first half amid challenging market
Wynnstay Group reported a set of interim results impacted by challenging trading conditions on Tuesday, as anticipated.
IG Design swings back to full-year reported profitability
IG Design Group reported a successful second year in its three-year turnaround plan on Tuesday, with significant improvements in operational efficiency and business simplification.
Funding Circle to sell US business to iBusiness Funding for £33m
Funding Circle said on Tuesday that it has agreed to sell its US business to Miami-based iBusiness Funding (IBF) for £33m.