Market Report
Rolls Royce to acquire Siemens' electric aviation business
Rolls Royce on Tuesday agreed to acquire Siemens' electric and hybrid-electric aerospace propulsion business, eAircraft, in a move that the engineering firm said will accelerate its electrification strategy.
Access Intelligence witnesses sustained growth following ResponseSource acquisition
Software-as-a-Service solutions provider Access Intelligence reported sustained growth throughout the six months ended 31 May following its acquisition of ResponseSource.
Barclays downgrades InterContinental Hotels Group to 'underweight'
Analysts at Barclays downgraded their recommendation for shares of InterContinental Hotels Group to 'underweight', telling clients that the then current "peak" price-to-earnings multiple the shares were trading on ignored the downside risks from a potential macroeconomic slowdown.
German investor sentiment deteriorates in June
Investor sentiment in Germany deteriorated much more than expected in June, dragged down by weak economic data and the ongoing Sino-US trade spat, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Yellow Cake's maiden profit nears $30m after uranium price climbs
Yellow Cake posted a maiden annual profit of $29. 7m as the value of its uranium holdings increased by 22% to $217. 4m.
K3 Business Technology revenues to be weighted towards second half
Mission‐critical business software provider K3 Business Technology warned investors on Tuesday that revenues looked set to be more second-half weighted than usual as a result of several Brexit-related disruptions.
First Derivatives takes ownership of Kx Systems to 100pc
First Derivatives has completed the acquisition of minority shareholdings in Kx Systems, in line with the terms announced on 2 July last year, it announced on Tuesday.
Elegant Hotels pushes out loan due dates through refinancing exercise
Upscale freehold hotel owner and operator Elegant Hotels Group has successfully refinanced all of its loans and facilities following the commitment from lenders announced in May, it confirmed on Tuesday.
Hurricane Energy generates first revenue from Lancaster EPS
UK-based oil and gas company Hurricane Energy updated the market on its operations on Tuesday, in relation to the early production system development of the Lancaster field.
Chariot Oil & Gas seeks to progress with Anchois Gas Field
Atlantic margins-focussed oil and gas company Chariot Oil & Gas updated the market on the Lixus Offshore Licence on Tuesday, with the completion of the development feasibility study for the Anchois Gas Field and the Morocco Gas Market and Anchois Field Monetisation Assessment.
Positive Cashflow achieves 1pm's earn-out targets a year early
Specialty finance provider 1pm announced on Tuesday that its wholly-owned subsidiary undertaking, Positive Cashflow Finance - which provides invoice finance facilities for UK small-to-medium enterprises - has reported profits in excess of the earn-out targets set at the time it was acquired in July 2017.
Chaarat Gold upbeat on latest work at Tulkubash
Kyrgyz Republic and Armenia-focussed gold mining company Chaarat Gold Holdings announced the first tranche of results from its 2019 exploration and drilling programme at its Tulkubash oxide gold deposit in the Kyrgyz Republic on Tuesday.
Team17 expects revenues and earnings to come in ahead of expectations
Video games developer Team17 has continued to experience "strong customer traction" from both new and established titles so far this year and now expects both full-year adjusted underlying earnings and revenues to come in ahead of market expectations.
Long-haul growth boosts Gatwick Airport earnings
Gatwick Airport posted a jump in full-year earnings on Tuesday, underpinned by growth in long-haul passenger numbers.
ECB 'not resigned' to low inflation 'even for now', Draghi says
Policymakers at the European Central Bank "are not resigned" to a low rate of inflation for longer or "even for now", Mario Draghi said.
Roche gets approval in Japan for 'Rozlytrek' treatment
Roche announced on Tuesday that Japan’s Ministry of Health, Labour and Welfare (MHLW) has approved ‘Rozlytrek’ (entrectinib) for the treatment of adult and paediatric patients with neurotrophic tyrosine receptor kinase (NTRK) fusion-positive, advanced recurrent solid tumours.
Europe open: Stocks start lower, all eyes on ECB and Iran
Stock markets have started the session lower with investors opting to stay on the sidelines as they listen in on a European Central Bank policy conference for possible hints on monetary policy going forward and ahead of the US central bank's policy decision the next day.
Global Invacom gobbles up Apexsat in EUR 0.25m deal
Satellite communications equipment provider Global Invacom announced the acquisition of the technology of the Apexsat group of companies on Tuesday, including the assets and intellectual property from Apexsat Pte Ltd.
Ashtead profit up 20% as North American business shines
Equipment rental firm Ashtead posted a 20% jump in full-year pre-tax profit on Tuesday, thanks in part to a strong performance in North America.
AstraZeneca secures another European indication for 'Lynparza'
AstraZeneca and its partner MSD announced on Tuesday that the European Commission (EC) has approved ‘Lynparza’ (olaparib) as a first-line maintenance treatment for women with BRCA-mutated advanced ovarian cancer.