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Futura Medical upbeat on latest erection gel trial results
Advanced transdermal technology-focussed healthcare company Futura Medical announced positive interim data from its pharmacokinetic study, which formed the initial stage of the Phase III programme of MED2002 - its topical gel for erectile dysfunction.
ECB needs to mind the risk of sharp rise in euro, Lane says
The European Central Bank needs to keep an eye out for the risk of an unexpected jump in the value of the single currency.
Conviviality slumps again as it confirms guidance range for full-year earnings
AIM-listed alcohol wholesaler and distributor Conviviality was under pressure again as it confirmed that adjusted earnings for the current year will come in between £55. 3m and £56. 4m, 20% below market expectations.
Zotefoams revenue reaches record high after capacity investments
Cellular material technology company Zotefoams announced its unaudited preliminary results for the 12 months ended 31 December on Tuesday, reporting a 22% increase in group revenue to a record £70. 15m.
Non-Standard Finance revenue rises as company continues to expand
Non-Standard Finance posted its results for the year ended 31 December on Tuesday, with normalised and reported revenue both rising 48%, to £119. 8m and £107. 8m respectively.
Summit discovers potent antibiotics to fight increasingly resistant gonorrhoea
Biopharmaceutical firm Summit Therapeutics has discovered new antibiotic compounds that kill gonorrhoea bacteria, the company announced on Tuesday.
Hammond raises prospect of public spending increases
Philip Hammond held out the prospect of increases to public spending as he set out improved short-term figures for UK economic growth and the public finances, including lower than expected government borrowing in 2017-18.
US open: Stocks waver amid news of State Department shake-up
Stocks are holding higher, but are off their best levels, following an in-line reading on US consumer prices and as traders digest the White House's decision to replace Secretary of State Rex Tillerson with CIA chief Mike Pompeo.
Burford Capital to sell investment in Teinver matter for $107m
AIM-listed finance and investment management firm Burford Capital, which focuses on law, has agreed to sell its investment in the Teinver matter for $107m in cash.
BAE Systems picks Crossrail CEO for newly-created role of MD of Maritime and Land UK
Aerospace giant BAE Systems has appointed Crossrail chief executive Andrew Wolstenholme to the newly-created role of group managing director of Maritime and Land UK.
Amazon in talks with JPMorgan to launch business credit card
Amazon waded further into the crowded waters of B2B supply this week, with reports the e-commerce giant was in talks with US banks about offering a credit card to small US-based businesses.
FTSE 250 movers: IG rallies on Numis note; Greencore hit by profit warning
London's FTSE 250 was down 0. 7% to 19,967. 82 in afternoon trade on Tuesday.
First stage of 'housing gap' report to be delivered by Letwin in June
A government investigation into the gap between completed new homes and the amount of land with planning permission owned by housebuilders has already made some initial observations and will publish a first analysis in June.
Market buzz: Computacenter, Inmarsat down sharply
1430: With Computacenter shares right atop their 200-day moving average, Credit Suisse has revised its target price for the shares higher from 1,300p to 1,380p, albeit noting how the company had already pre-announced its full-year figures. CS also point out that progress at the company will be held back by upcoming contract renewals - which tend to result in lower short-term profitability - and some isolated contract losses. "However, all industry news-flow suggests robust trading should continue.
Primorus opts for £500,000 investment in Engage Technology
AIM-traded company Primorus Investments announced on Tuesday that it has invested £500,000 in employee management software firm Engage Technology Partners Ltd.
Quiche, yoga leggings, GoPro cameras added to ONS inflation basket
Ladies' exercise leggings, GoPro-style video cameras, fresh raspberries, quiche, pre-mashed potato and kids' soft play have all been added to the basket of goods used by the Office of National Statistics to calculate inflation in 2018.
Trump fires Secretary of State Rex Tillerson, CIA chief Pompeo set to replace him
US Secretary of State Rex Tillerson is out of the White House after a series of disagreements with President Donald Trump.
Tuesday broker round-up
Randgold Resources: Canaccord upgrades to buy with a target price of 7,000p.
ECSC shares slip 15% after failure to secure profit
Cyber security company ECSC's shares plummeted on Tuesday after it reported that it had slipped to a loss in 2017 amid slower-than-expected top line growth at both its consulting and managed services arms.
Dugout buys News Corp platform to distribute sports content to Asia
Digital football business Dugout will launch a new South-East Asia business by acquiring the Ballball platform from News Corp.