Market Pulse
Paragon FY profit up 9%; dividend lifted and share buyback extended
Paragon Group of Companies posted a 9. 3% rise in full year pre-tax profit as it lifted its dividend and extended its share buyback programme.
Intertek on track to deliver full year targets
Intertek is on track to deliver its full year targets as it benefits from good growth in its products and trade-related businesses.
Compass FY pre-tax profit and revenue rise
Catering firm Compass Group posted a 5. 8% rise in underlying revenue and a small increase in pre-tax profit for the year to the end of September thanks to continued growth in North America and a strong recovery in its European and Japanese businesses.
Rolls-Royce signals major shake up after operational review
Rolls-Royce Holdings says a “major restructuring” is on the cards as it unveils the results of new-CEO Warren East’s operational review.
Tuesday newspaper round-up: VW, Heathrow, Deliveroo, Pfizer/Allergan
Audi has conceded that the engines in a further 85,000 cars from the Volkswagen group contained an illegal defeat device, raising questions of how systematic the cheating was at the German carmaker. The luxury car brand of the VW group said it estimated that correcting the engine management software used in Audi, VW and Porsche models would cost in the mid-double-digit millions of euros. It admitted that the software was in all three-litre V6 diesel engines manufactured by Audi and sold from 2009 until this year.
London pre-open: Stocks seen lower as commodities remain a drag
London stocks are called to open lower on Tuesday, with weakness in commodity prices likely to continue to weigh.