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Card Factory posted a drop in underlying pre-tax profit and like-for-like sales on Tuesday as it took a hit from extreme weather and consumer caution, but overall revenue rose and the retailer announced a special dividend.
London stocks were set to edge lower at the open on Tuesday amid ongoing worries about the trade conflict between the US and China.
Imperial Brands said its tobacco business was enjoying "much stronger" sales in the second half of the year and said it plans to launch its heat-not-burn tobacco product early in 2019.
Theresa May has faced down cabinet critics of her Chequers plan and won backing from ministers to sell it to next week’s Conservative Party conference. The prime minister also secured cabinet agreement yesterday for a new immigration system after Brexit despite objections from Philip Hammond, the chancellor, on how the change should be managed. - The Times
Next raised its guidance for annual profit after the fashion retailer’s trading in August and early September was better than expected.
London open The FTSE 100 is expected to open three points lower on Tuesday, having closed down 0.42% at 7,458.41 on Monday.
London stocks nudged a touch higher in early trade on Tuesday as the retail sector was boosted by a guidance upgrade from Next, but gains were limited amid ongoing concerns about the US-China trade conflict.
Media and entertainment business Time Out Group issued its unaudited half-year results for the six months ended 30 June on Tuesday, reporting 20% year-on-year growth in group revenue to £22.4m, driven by a combination of underlying growth of 8%, and prior year acquisitions.
AG Barr’s first half profit rose as the maker of Irn-Bru and other soft drinks steered a course through a soft drinks market made unpredictable by extreme weather and the introduction of the sugar tax.
Comcast said it had bought more than 30% of Sky’s shares to make its £30.6bn cash bid for the UK broadcaster mandatory.
British American Tobacco has promoted Jack Bowles, currently chief operating officer of its international business, to the role of chief executive, succeeding Nicandro Durante.
Glencore will buy back another $1bn of shares, it said on Tuesday as the commodities colossus approached the end of its previous $1bn share buyback.
Chocolatier and cocoa grower Hotel Chocolat on Tuesday reported a jump in first-half profits and set its sights on expansion into Scandinavia, Japan and the US.
Tools and equipment hire company Speedy Hire said on Tuesday that revenues for the first half are expected to have risen, while full-year adjusted pre-tax profit will be ahead of the previous year.
SSE announced on Tuesday that it was exercising its pre-emption right in the sale of Fluor's 50% share in Seagreen Wind Energy, established to develop offshore wind projects in the Firth of Forth Zone.
Pittards warned new global tariffs could affect its business as the leather producer reported falling UK hide manufacturing orders.
Close Brothers reported a “good performance” for the year ended 31 July in its preliminary results on Tuesday, with a 4% increase in adjusted operating profit to £278.6m.
Criminals have stolen a total of £503.4m in authorised and unauthorised fraud from UK bank customers in the first half of 2018.
Peel Hunt downgraded JD Wetherspoon to ‘hold’ from ‘add’ on Tuesday following recent share price strength.
Challenger law firm Keystone Law announced its interim results for the six months ended 31 July on Tuesday, reporting “strong” revenue growth of 29.9% to £19.9m.
Next Fifteen reported a jump in interim profit and revenue on Tuesday as it hiked its dividend.
Low & Bonar warned that profits for the full year would be "significantly lower" than previously predicted as the performance materials group found it hard to pass on increased raw materials prices to customers.
Distributed computing firm WANdisco reported a drop in first-half revenues that saw the business’ losses deepen, with news of a large auto industry contract not enough to stop its shares dipping on Tuesday.
Network security company Corero updated the market on its trading for the six months ended 30 June on Tuesday, confirming that its results for the year ending 31 December were expected to be in-line with expectations.
Polymetal has been classified as “a leader” in the diversified metals sector by independent environmental, social and governance (ESG) research and ratings firm Sustainalytics, the company announced on Tuesday.