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Asia report: Markets mixed after Wall Street tech slump
Markets in Asia finished mixed on Tuesday, with investors reacting to a small sell-off overnight on Wall Street, and looked forward to the outcome of the Fed’s two-day policy meeting in the US.
IQE's adjusted pretax profit up 18% as business unit's sales rise 109%
Welsh semiconductor technology firm IQE reported on Tuesday that its adjusted profit before tax rose 18% in 2017 to reach £24. 3m when compared to the previous year.
EasyHotel secures lease for 100-room Cambridge hotel
EasyHotel has signed a 25-year lease on a site in Cambridge for the development of a new purpose-built hotel.
EnQuest shares on the rise thanks to Kraken ramp-up
EnQuest saw its EBITDA fall 36. 4% to $303. 6m in its most recent trading year, principally due to a 25% drop in revenue to $635. 2m amid lower realised prices within the company’s hedging programme.
Tuesday broker round-up
Micro Focus: JP Morgan downgrades to underweight with a target price of 900p.
Katoro Gold shares drop 20% after work suspended in Tanzania
Shares in Katoro Gold tumbled on Tuesday after the gold exploration and development company announced it is assessing the economic viability of its Imweru Project.
Europe midday: Stocks extend bounce amid global trade worries
Stocks are adding to their early bounce amid the somewhat more optimistic sounding noises coming from global authorities on the outlook for international trade.
Eden Research narrows losses on massive revenue gains
AIM-quoted biopesticide and natural microencapsulation technology firm Eden Research narrowed losses last year thanks to a significant boost in revenue.
FCA ready for 'fundamental reform' of unarranged overdraft fees
The Financial Conduct Authority has underlined its readiness to clamp down on banks' high overdraft charges that disproportionately affect the least well-off.
London midday: Stocks keep grip on gains after softer inflation data
London stocks were holding on to gains by midday on Tuesday, helped along by more deal news and with analysts divided over whether the softer-than-expected UK inflation print will ease pressure on the Bank of England to raise rates in May.
US pre-open: Stocks to edge higher with tech sector in focus on Facebook woes
Stocks on Wall Street looked set for a positive open on Tuesday following heavy losses in the previous session, with the tech sector likely to be in focus again as the latest revelations about Facebook spark concerns of tighter regulatory controls.
Officials seek warrant to investigate Cambridge Analytica HQ after compromising footage released
The UK’s Information Commissioner is seeking a court warrant to search Cambridge Analytica's London headquarters after a hidden camera video broadcast by Channel 4 showed the firm’s chief boasting about the use of honey traps and bribery to damage politicians.
NAHL Group trims dividends as it increases investment
Shares in National Accident Helpline operator NAHL Group tumbled in early trading on Tuesday as the group cut dividends as a result of a decline in annual profit and planned to "accelerate investment" in the business.
UK consumers 'unlikely to see long-term fall in prices after Brexit'
UK consumers were unlikely to see any long term falls in prices after Britain leaves the European Union, a leading think tank said on Tuesday.
Amazon looking into buying Toys R Us stores following collapse
Amazon is considering buying store sites from Toys R Us after the company announced its decision to wind down operations last week.
De La Rue slumps as it warns on profit, CFO resigns
Shares in banknote manufacturer De La Rue slumped on Tuesday as it announced the departure of its chief financial officer, Jitesh Sodha, and warned that results for the year will be around the lower end of the current consensus range.
TI Fluid delivers 'solid' first results, high hopes for auto 'megatrends'
TI Fluid Systems, the maker of brake and fuel lines and plastic fuel tank systems, has delivered a solid set of full year results after floating in October and joining the FTSE 250 not long after.
Government plans crackdown on bosses of failing companies
The government has proposed a clampdown on bosses who run or control companies that run into insolvency after a series of high-profile corporate failures.
Barclays tells investors in Micro Focus not to get carried away
Keep the faith! was the message from Barclays for investors in Micro Focus following the prior day's faith-shattering near halving in the company's share price.
Hikma US unit launches anti-HIV tablet
Generic drug maker Hikma Pharmaceuticals said its US subsidiary West-Ward had launched Ritonavir Tablets, the first AB-rated generic to Norvir tablets.