Market Report
Mincon's first 'Greenhammer' system performing in line with expectations
Irish engineering company Mincon Group updated the market on the ongoing development project for its hydraulic DTH hammer system, Greenhammer, on Tuesday, reporting that a 12-inch size system has been installed on its first rig with a customer in Australia.
IQ-AI subsidiary sees tech installed at important tumour centre
IQ-AI subsidiary Imaging Biometrics (IB) announced on Tuesday that Barrow Neurological Institute: Dignity Health, St. Joseph's Hospital and Medical Center (BNI) has installed a new ‘IB Rad Tech’ software platform, to help assess treatment response for patients with brain tumours.
Golden Saint Tech subsidiary gets $1m data centre contract
Integrated information and communication technology provider Golden Saint Technologies said on Tuesday that its wholly-owned Singapore subsidiary, EMS Wiring Systems, has entered into an agreement for the installation of a data centre in Singapore valued at around $1m.
Trade talks between China and US ongoing, Beijing says
Trade talks between Washington and Beijing are ongoing at the highest level, despite the recent detention of a top Chinese business executive.
Carpetright losses widen as revenue drops
Interim losses at beleaguered floor coverings retailer Carpetright widened as it restructured its store estate, but there were some bright spots in the results.
Supermarket growth stumbles to slowest since March 2017 - Kantar
UK supermarkets have plunged into the gloom blanketing the rest of the retail sector, with fresh data on Tuesday showing the slowest growth rate since March 2017.
London open: WPP and Ashtead pace the advance as stocks recover
London stocks rose in early trade on Tuesday following heavy losses in the previous session, with strong performances from the likes of WPP and Ashtead lending a hand as investors continued to eye the latest Brexit-related developments.
RHI Magnesita take over of Refratarios moves ahead
RHI Magnesita updated the market on Tuesday, on the integrated tender offer to the minority shareholders of Magnesita Refratários, which was launched on 10 November.
Amigo Holdings appoints new CFO as Dighton steps down
High-interest lender Amigo Holdings has appointed Nayan Kisnadwala as its new chief financial officer, succeeding Simon Dighton, who will step down by the end of the year.
888 Holdings buys out rest of US joint venture
Gaming operator 888 Holdings announced the signing of an agreement by its wholly-owned subsidiaries, 888 US and 888 US Holdings, for the acquisition of the remaining 53% interest in AAPN Holdings that 888 US did not already own.
IP Group's WaveOptics completes £20m fundraising
IP Group's portfolio company WaveOptics, which designs and manufactures diffractive waveguides for use in Augmented Reality (AR) wearables, has completed a £20m fundraising.
Serco signs contract extensions with councils, Ashtead on track to beat full-year expectations
London open The FTSE 100 is expected to open 44 points higher on Tuesday, having closed down 0. 83% at 6,721. 54 on Monday.
Tuesday newspaper round-up: North-South divide, e-receipts, Brexit, Ghosn
Slowing growth in London since the Brexit vote has put the British economy on track to narrow the north-south economic divide over the coming three years, according to a report. The accountancy firm EY, despite warning of a weaker outlook for almost every region through to 2021 amid continuing Brexit uncertainty, said London would no longer continue to grow at a much faster pace than the rest of the country. – Guardian.
Serco signs contract extensions with two councils
International service company Serco Group has signed contract extensions with both Peterborough City Council and Lincolnshire County Council to continue providing a range of frontline and back office services to the councils.
London pre-open: Stocks to recover ahead of jobs data
London stocks were for a positive open on Tuesday following heavy losses in the previous session, underpinned by a late recovery on Wall Street, as investors continued to eye the latest Brexit-related developments.
US close: Markets in the green after earlier dip in sentiment
Stocks finished in the green on Monday, after a session in which investors continued to fret about trade relations between the US and China.