Market Report
Revenue and profits rise as Kainos positions for further growth
Digital service and platform provider Kainos Group described a “strong performance”, representing the ninth consecutive year of growth in revenue and adjusted pre-tax profit delivered organically in its preliminary results on Tuesday.
Bunzl taps Peter Ventress to replace long-time chairman
Distribution and services firm Bunzl appointed Peter Ventress to its board on Tuesday as a non-executive director and chairman designate.
One Media acquires catalogue of country songwriter Cole Taylor
Digital media content provider One Media IP Group has acquired the writer's share for a number of songs written by country singer-songwriter Cole Taylor.
Ramsdens acquires four more Money Shop locations
Financial services provider Ramsdens has acquired a further four stores trading as The Money Shop from Instant Cash Loans for a total cash consideration of £500,000.
Goals Soccer Centres' shares remain suspended as audit continues
Goals Soccer Centres told investors on Tuesday that it has continued to work with auditors to complete an audit of its last financial year, aimed at assessing historical accounting errors and policies adopted by the company.
Proton Power prepares for anticipated demand with stack manufacturing robot
Fuel cell and electric hybrid systems developer Proton Power Systems announced on Tuesday that, following the recent conclusion of cooperation and partnership agreements and “clear signs” that industry demand for hydrogen fuel cells was rapidly increasing, it was now installing a stack manufacturing robot.
Europe open: Italian stocks under pressure on report of possible fine from Brussels
Italian stocks are coming under selling pressure as investors react to reports that Brussels may be set to slap a fine on Italy over its public finances.
M&G Investments to reject NSF's hostile bid for Provident Financial
M&G Investments will reject Non-Standard Finance's £1. 3bn hostile takeover bid for larger rival Provident Financial.
German consumer sentiment set to deteriorate in June
German consumer sentiment is expected to deteriorate in June, according to data released by market research group GfK on Tuesday.
NMC Health closes agreements to create Saudi Arabia joint venture
NMC Health, alongside the General Organization for Social Insurance (GOSI) and its investment arm Hassana Investment Company, announced the closing of definitive agreements signed on 4 March on Tuesday, in relation to the formation of a joint venture - NMC KSA - in the healthcare sector of Saudi Arabia.
Sports Direct to sell freehold of Shirebrook HQ
Mike Ashley's Sports Direct confirmed on Tuesday that it has agreed to sell the freehold to its Shirebrook headquarters to Kwasa Logix Sportivo for just over £120m in cash.
Tritax Big Box gets outline planning consent for massive Kettering development
Tritax Big Box REIT announced on Tuesday that outline planning consent has been obtained for up to 2. 31 million square feet of high-quality logistics space at Symmetry Park in Kettering.
Galliford Try rejects Bovis Homes takeover bid, Tritax gets planning consent for acquired Kettering land
London open The FTSE 100 is expected to open 10 points higher on Tuesday, having closed up 0. 65% at 7,277. 73 on Friday, before the long weekend.
London pre-open: Stocks seen higher amid positive Asian cues
London stocks were set for a firmer open on Tuesday following a positive Asian session, as traders return to their desks after the Bank Holiday weekend.
Tuesday newspaper round-up: Second referendum, steel makers, carbon emissions
Jeremy Corbyn has pledged to support a second referendum on any Brexit deal after the Labour leadership came under overwhelming pressure to halt the exodus of its remain voters who backed pro-EU parties at the European elections. The Labour leader said he was “listening very carefully” to both sides of the debate after the party fell behind the Liberal Democrats and also lost ground to the Greens. – Guardian.