Market Pulse
Midatech raises £15m in oversubscribed placing
International specialty pharmaceutical company Midatech Pharma announced the results of the oversubscribed placing on Tuesday afternoon, which was announced earlier in the morning.
Results round-up
Fashion retailer Ted Baker reported a jump in interim profit as revenue grew and the company lifted its dividend following a good performance across all channels, despite challenging trading conditions.
FTSE 100 movers: Retailers gain; Old Mutual slumps on rand weakness, CMD
London’s FTSE 100 was down 0. 1% to 7,090. 16 in afternoon trade.
BoE can look through pound weakness, MPC's Saunders says
The pound may well yet have further to fall, but the Bank of England had scope to "look through" any impact that might have on inflation, even if it extended for several years.
Laird appoints Kevin Dangerfield as CFO
FTSE 250 technology firm Laird has appointed Kevin Dangerfield as its new chief financial officer with effect from 17 October.
Nanoco secures more license agreements in display sector
Nanoco Group, an Aim-listed company that specialises in the development and manufacture of cadmium free quantum dots and other nanomaterials, secured two more license agreements to support its strategic shift towards out-licensing in the display sector, but saw cash outflows accelerate.
Tristel product comes out on top in New Zealand study
Infection prevention, contamination control and hygiene products manufacturing company Tristel announced on Tuesday that in a randomised, single-blind comparison of disinfectants used in ear, nose and throat clinics conducted by a public health authority in New Zealand, its Wipes System proved to be the equal in terms of microbiological efficacy to disinfectants produced by Dupont and Johnson & Johnson.
Apple shares rise following Samsung Galaxy Note 7 misery
Samsung's loss is Apple's gain as the US tech giant appears to be reaping the benefits of its competitors' exploding phone troubles by reaching its highest share price of 2016.
Greatland Gold shares surge as it begins WA drilling
Precious and base metals exploration and development Greatland Gold announced on Tuesday that drilling has commenced at its Ernest Giles project in Western Australia.
RhythmOne shares rise on first-half revenue growth
RhythmOne provided a preliminary update on its expected performance for the half year to 30 September on Tuesday, flagging revenues of at least $80m, 80% of which was derived from core mobile, video and programmatic products.
LiDCO narrows loss in first half
Hemodynamic monitoring company LiDCO announced its unaudited interim results for the six months to 31 July on Tuesday, with product revenues up 10% to £3. 03m.
RWS shares surge as board flags stellar year
Intellectual property support services provider RWS Holdings posted an update on trading for the year to 30 September on Tuesday, ahead of the announcement of its full year results in December.
Alcoa slumps as earnings miss expectations
Alcoa shares slumped in pre-market trade after the aluminium giant’s third-quarter earnings and revenue fell short of analysts’ expectations.
Peel Hotels' revenue rises while unsure over impact of Brexit vote
AIM-listed Peel Hotels’ half-year revenue increased while it remains uncertain over the fallout from the Brexit vote on the volume of guests.
RedstoneConnect reports strong first-half trading
RedstoneConnect has made progress in shifting its financial model towards more annuity-based revenue streams in the first half after deciding to focus on providing technology and services for smart buildings and commercial spaces.
Esure shareholders to vote on Gocompare demerger on 1 Nov
Esure updated the market on its proposed demerger of Gocompare. com on Tuesday, saying shareholders get to vote on it at a general meeting on 1 November.
Pure Gym ditches IPO plans due to market volatility
Pure Gym has ditched plans for an initial public offering.
Sterling pounded: what do the experts say?
Following the huge sterling 'flash crash' last week, the pound has continued to subside and on Tuesday morning dipped below 1. 23 against the dollar for the first time since the mid 1980s.
Samsung suspends sales of problematic Galaxy Note 7, tells users to switch off
South Korean smartphone maker Samsung's troubles continue as it has withdrawn global sales of its Galaxy Note 7 device after repeated issues with it catching fire.