Market Pulse
BBA Aviation operating profit flies higher
Aviation services company BBA Aviation published its interim financial report for the six months to 30 June on Tuesday, with underlying operating profit up 56% to $149. 6m.
WS Atkins Q1 trading in line, expresses confidence over full year
Design, engineering and project management consultancy WS Atkins said it has traded in line with expectations through the first quarter and remains confident for the year ahead despite ongoing uncertainty in some of its markets.
Weak oil prices dent Rotork profit
FTSE 250 engineer Rotork posted a drop in first-half profit on Tuesday as revenue declined amid weaker oil prices.
AG Barr maintains market share in challenging soft drinks market
Challenging conditions in the soft drinks market have taken some of the fizz out of AG Barr, with first-half revenues down on the previous year and management only expecting to hit full year profit forecasts if the market improves and 'robust' second half plans come to fruition.
Greggs profit slips but interim dividend hiked, sales up
Greggs posted a small drop in interim profit but lifted its dividend and announced an “encouraging start” to the second half of the year.
RPC completes acquisition of British Polythene Industries
Plastic products design and engineering company RPC announced on Tuesday the completion of the acquisition of British Polythene Industries, which it initially announced on 9 June.
Meggitt's H1 profit drops but interim divi lifted, guidance confirmed
Defence and aerospace engineer Meggitt reported a drop in first-half pre-tax profit but lifted its interim dividend and confirmed its guidance for 2016.
Operating profit down, but Direct Line remains confident
Insurance company Direct Line Group posted its half year report for the six months to 30 June on Tuesday, with gross written premiums for ongoing operations 3. 9% higher, driven by strong growth in motor in-force policies - up 2. 5% - and a 9. 5% increase in premium rates.
London pre-open: Stocks seen lower as oil weakens; construction PMI eyed
London stocks looked set for a negative open on Tuesday amid weaker oil prices.
Tuesday newspaper round-up: Brexit fear, BoE warning, oil prices, cost of degrees
The vast majority of investment industry executives fear Brexit will harm the City of London, and most believe it will damage the rest of the country too – potentially leading to the breakup of the United Kingdom. A total of 82pc of fund managers believe London will be a loser from Brexit, according to a survey by the Chartered Financial Analyst (CFA) Institute. - Telegraph.