Market Report
Allergy Therapeutics boosted by strong German performance
Biotechnology company Allergy Therapeutics has seen revenues increase throughout the first half of its trading year thanks to an improved market share for its allergy vaccines on the continent.
Liberum ups target price on 'long-term winner' EasyJet
Liberum upped its target price on low-cost carrier EasyJet on Tuesday, but despite the airline's "strong long-term fundamentals", the broker remained cautious regarding its short-term prospects.
OptiBiotix's 'SlimBiome' granted medical device status and CE mark
Life sciences business OptiBiotix Health announced on Tuesday that its ‘SlimBiome’ product has been granted medical device status and a CE mark.
Gfinity losses widen despite strong revenue growth
E-sports tournament organiser Gfinity's full year results remained spattered in red despite a period of strong revenue growth in the rapidly developing sector.
Tesla China sales fall 70% in October
Tesla sales in China fell by 70% last month versus the comparable year-ago period, Reuters reported.
Morses Club increases loan facility
Home collected credit lender Morses Club has increased its revolving credit facility from £40m to £50m.
Altitude enthusiastic on future as order frequencies continue to grow
Promotional products software provider Altitude Group has traded in line with management expectations so far this year and expects to be "broadly in line" with market forecasts for the full year.
US pre-open: Stocks seen lower amid trade concerns; Apple takes a hit
US stocks looked poised for a downbeat open on Tuesday as investors digested the latest headlines on Sino-US relations, with Apple set to drop after Donald Trump hinted that he could impose tariffs on iPhones and laptops imported from China.
London midday: Stocks slip further as Thomas Cook plunges, Greggs bucks trend
London stocks had fallen a little further by midday on Tuesday, with Thomas Cook under pressure after another profit warning, as investors grappled with the latest headlines on US-China relations.
Coca-Cola HBC fizzes higher as UBS highlights 'best-in-class growth'
Coca-Cola HBC was the standout gainer on the FTSE 100 on Tuesday as UBS double-upgraded the stock to 'buy' from 'sell' and hiked the price target to 2,650p from 2,050p saying best-in-class growth and balance sheet optionality are no longer priced in.
Belvoir Lettings acquires Gloucestershire-based mortgage intermediary
Britain's largest property franchise Belvoir Lettings has continued its growth strategy with the acquisition of Mortgage Advice Bureau's Gloucestershire-based subsidiary for £3. 6m.
Europe midday: Stocks slip as US President issues warning ahead of trade talks
Stocks on the Continent are drifting lower after the US President said he expected a previously announced increase in tariffs on Chinese goods to go ahead at the turn of the year, as planned.
Electric bike company Lime launches in UK
US electric bike and scooter-sharing company Lime has introduced its e-bikes to the streets of Milton Keynes.
Manx Telecom hires ex Virgin executive as new commercial head
Communications provider Manx Telecom has appointed former Virgin Mobile executive Ed Jennings as its new chief commercial officer.
Shaftesbury makes progress with lettings
Shaftesbury made progress letting its larger developments in London's West End, though it was a little slow and contributed to year-end net asset value being slightly lower than expected.
Asia report: Markets mostly higher after good show on Wall Street
Most markets in Asia finished Tuesday’s session in the green, as investors continued to hold their breath ahead of a meeting between Xi Jinping and Donald Trump over the ongoing trade spat between China and the US.
Pets at Home profits drop on restructuring costs, may close 30 stores
Pets at Home reported a 9. 3% drop in first-half profit on Tuesday as it took a hit from restructuring costs in its vet business.
Topps Tiles profits slip, Brexit stockpiling planned
Tile specialist Topps Tiles posted a drop in full-year profit on Tuesday as it announced plans to stockpile ahead of Brexit.
GB Group revenues rise as profits take a dip
Identity data intelligence specialist GB Group released its unaudited results for the six months ended 30 September on Tuesday, reporting a 9% uptick in revenue to £57. 3m.
Vp trades strongly in first half despite Brexit 'distraction'
Equipment rental specialist Vp issued its interim results for the six months ended 30 September on Tuesday, reporting a 22% improvement year-on-year in profit before tax and amortisation to £25. 9m.