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First-quarter losses surge at Spirit AeroSystems
Losses at Spirit AeroSystems Holdings soared in the first quarter, the Boeing supplier confirmed on Tuesday, as production slowed and inventory built up.
Disney's streaming arm posts maiden profit
The Walt Disney Company’s entertainment streaming arm swung to profit in the last quarter, the US giant confirmed on Tuesday, the first time since the 2019 launch of Disney+.
Carpetright axing more than 25% of head office staff - report
Carpet retailer Carpetright is reportedly axing more than 25% of its head office staff as it grapples with a protracted downturn in trading.
BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins
BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and “significantly weaker” fuels margins as it also started a $1. 75bn share buyback.
Abingdon Health acquires IVDeology in £0.7m deal
Lateral flow contract research, development and manufacturing provider Abingdon Health announced the acquisition of IVDeology and its subsidiaries on Tuesday, for up to £0. 7m.
Northern Bear trades well despite 'significantly higher rainfall than normal' in H2
Building and support services business Northern Bear said on Tuesday that it has continued to trade well over the six months ended 31 March despite a "significantly higher rainfall than normal" during the period.
Aferian extends maturity dates on bank facilities, shareholder loan
Video streaming specialist Aferian announced an extension of the maturity dates for its senior loan facilities and shareholder loan on Tuesday.
US pre-open: Dow looks to log fifth winning session
Wall Street futures were little changed ahead of the bell on Tuesday as the blue-chip Dow Jones looks to register its fifth positive session in a row.
Seeing Machines reports strong third quarter
Shares in driver monitoring technology company Seeing Machines were rising on Tuesday, after it reported a strong set of performance indicators for its third quarter.
Nexxen launches $50m share buyback programme
Connected television advertising technology company Nexxen International announced the start of a new share repurchase programme of up to $50m on Tuesday.
Revolution Bars in talks with 32 potential buyers
Revolution Bars said on Tuesday that it is in talks with more than 30 potential suitors in the search for a buyer to rescue the business.
AdvT to acquire Celaton amid robust trading
Business software and solutions specialist AdvancedAdvT announced an agreement to acquire Celaton on Tuesday, in a deal valued at £5m net of cash acquired.
German exports up 0.9% in March but factory orders post shock fall
Germany on Tuesday reported an unexpected 0. 9% rise in exports in March compared with the previous month, according to official data.
Totally flags solid full-year performance in challenging market
Healthcare services provider Totally said in an update on Tuesday that despite a challenging market environment, it had seen a solid performance in the financial year just ended thanks to the results of its strategic review.
Eurozone retail sales push higher
Eurozone retail sales pushed higher in March, official data showed on Tuesday, beating expectations.
London midday: Stocks rally as they play catch-up with US, European gains
London stocks were still firmly in the black by midday on Tuesday, with the FTSE 100 hitting record highs as markets played catch up with gains seen in the US and Europe a day earlier. https://www. sharecast. com/news/news-and-announcements--/uk-april-retail-sales-hit-by-wet-weather-early-easter---brc--16726108. html.
Octopus Energy valuation tops £7bn - report
Octopus Energy has been valued at more than £7bn, it was reported on Tuesday, after two investors upped their stakes in the UK supplier.
SEEIT sells UU Solar portfolio for £90.8m
SDCL Energy Efficiency Income Trust (SEEIT) announced the sale of its UK onsite solar portfolio, UU Solar, to UK Power Networks Services on Tuesday, for £90. 8m.
Solid State wins $5.1m contract with US customer
Value-added electronics group Solid State has secured a $5. 1m order for an internet-of-things technology solution with a US customer supplied by Solsta, its components division.