Market Pulse
Cobham appoints Wareing chairman as Devaney steps down
FTSE 250 aerospace and defence group Cobham said chairman John Devaney will step down from his role with effect from 31 December, to be replaced by Michael Wareing, who is currently the company’s senior independent director.
Kingfisher remains on track despite drag from France
Home improvement retailer Kingfisher sales kept improving in the third quarter, though like-for-like sales growth slowed due to further softness in France.
Keller wins £40m South African contract
FTSE 250 geotechnical contractor Keller has been awarded a ground improvement contract in Durban, South Africa, valued at more than £40m.
AstraZeneca resumes enrolment for new cancer drug trial
AstraZeneca said on Tuesday that it will resume enrolment for a new cancer drug trial of durvalumab after the US Food and Drug Administration lifted a partial clinical hold on the enrolment of new patients with head and neck cancer.
London pre-open: Stocks seen higher on positive US and Asian cues
Stocks in London were set for a slightly higher open on Tuesday, tracking gains in the US and Asia amid strong oil prices.
Hikma signs agreement with Vectura for salmeterol
Hikma Pharmaceuticals has signed a development and licensing agreement with Vectura for its generic salmeterol product (VR730) for the treatment of asthma and chronic obstructive pulmonary disease.
Tuesday newspaper round-up: Branson, broadband boost, IBM, Diageo
Alan Milburn, the former Labour health minister and government social mobility tsar, is at the helm of a new group funded in part by Sir Richard Branson to fight Britain’s exit from the European Union. The aim is to bring together disparate pro-European groups behind an explicit campaign to reverse the referendum decision to leave, probably only after the government has revealed the content of its exit terms and the UK economy has reacted.