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UK grocery price inflation eases to lowest since October 2021 - Kantar
UK grocery price inflation fell for the fifteenth month in a row in the four weeks to 12 May, to 2. 4%, its lowest level since October 2021, according to data released on Tuesday by Kantar.
Assura reports rent growth, enters £250m joint venture
Specialist healthcare property investor and developer Assura reported a rise in full-year net rental income on Tuesday, along with a strategic £250m joint venture with the Universities Superannuation Scheme (USS).
SSP reinstates interim dividend but profits drop
Upper Crust and Ritazza owner SSP was under the cosh on Tuesday as it reinstated its interim dividend but posted a drop in first-half profits.
Cranswick FY profits rise as investment bears fruit
Food producer Cranswick posted a jump in full-year profit and revenue on Tuesday as its investment programme bears fruit.
Fresnillo optimistic despite 'challenging environment'
Fresnillo reported increased silver production and gold output in line with guidance in an update on Tuesday, despite the nearing end of the Noche Buena mine, although its gross profit took a hit in 2023.
Europe open: Markets rangebound ahead of a quiet session
European stocks inched lower on Tuesday morning as markets continue to trade sideways after hitting record highs last week.
London open: Stocks fall ahead of more Fed commentary
London stocks fell in early trade on Tuesday as investors mulled the latest comments from US Federal Reserve officials and looked ahead to more speeches later in the day.
Vistry to construct partner-funded scheme in Ealing
House-building company Vistry Group has been selected by Sovereign Network to construct and deliver a 100% partner-funded scheme at Merrick Place in Ealing worth £157. 0m.
Dowlais FY revenues seen 'slightly below' prior year
Engineering group Dowlais warned on Tuesday that full-year revenues were likely to be "slightly below" FY23 as a result of "increased volatility".
Smiths Group sees organic growth accelerate in Q3
Smiths Group reported an acceleration in sales growth in the third quarter despite tough comparators with last year, as the engineering firm reaffirmed its growth expectations for the full year.
GSK reports promising results from asthma treatment trials
GSK announced promising results from phase three clinical trials evaluating the efficacy and safety of depemokimab in treating severe asthma with type 2 inflammation on Tuesday.
XP Power rejects £468m takeover proposal from Advanced Energy
Advanced Energy said on Tuesday that it has made three possible all-cash offers for XP Power, the last of which valued the group at £468m.
AstraZeneca lays out plans to hit $80bn in revenues by 2030
AstraZeneca has unveiled medium-term growth targets to nearly double group revenues by the end of the decade as it predicts significant growth from existing oncology, biopharmaceuticals and rare disease portfolios.
London pre-open: Stocks seen down ahead of Fed speeches, Bailey
London stocks were set for a weaker open on Tuesday following a mixed session on Wall Street and ahead of several speeches by Federal Reserve officials.
Kingfisher's LFL sales hit by France weakness
Home improvement retailer Kingfisher has said that first-quarter like-for-like sales were down on last year on the back of weakness in France, with the decline picking up pace early into the second quarter.
Kingfisher sales down in first quarter, GSK reports positive asthma treatment results
London open The FTSE 100 is expected to open 32 points lower on Tuesday, having closed up 0. 05% on Monday at 8,424. 20.
Tuesday newspaper round-up: New homes, AI, Mike Ashley
A Labour government would aim to announce the sites for a series of new towns within a year of taking office, with the promise that homes would be built in them by the end of a first term, Angela Rayner is to say in a speech. Giving more detail to a plan first outlined in Keir Starmer’s party conference speech in October, Rayner will tell a housing conference that Labour will strongly support private developers who create high-quality and affordable housing. – Guardian.
Europe close: Stocks end mostly higher
European shares extended gains on Monday even as investors eyed events in Iran after the death of President Ebrahim Raisi in a helicopter crash over the weekend, along with the country’s foreign minister.