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AstraZeneca to buy US-listed Fusion Pharma for $2bn
AstraZeneca said it had agreed to buy biopharmaceutical company Fusion Pharmaceuticals for up to $2bn.
Midwich reports highest-ever gross profit margin
Audio-visual specialist distributor Midwich Group reported a revenue increase of 7. 1% in its full-year results on Tuesday, to £1. 29bn, up from £1. 2bn in 2022.
German business sentiment improves in March - ZEW
German business sentiment improved in March, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Revenue, earning rise substantially for Yu Group
Corporate gas and electricity provider Yu Group reported a 65% increase in revenue in its final results on Tuesday, to £460m in 2023, up from £278. 6m in the prior year.
Atalaya earnings rise on back of lower operating costs
Atalaya Mining reported a solid increase in copper production in its results for 2023 on Tuesday, reaching 51. 7 thousand tonnes at cash costs of $2. 79 per pound and an all-in sustaining cost of $3. 09 per pound.
MP Evans earnings fall in tougher market environment
Sustainable palm oil producer MP Evans described a challenging market environment in its final results for 2023 on Tuesday, primarily due to a lower crude palm oil (CPO) price environment compared to the exceptionally high prices seen in 2022.
Puretech Health proposes $100m capital return
Biotherapeutics company PureTech Health has proposed a capital return of $100. 0m to its shareholders by way of a tender offer.
RBC Capital upgrades Vistry to ‘sector perform’
RBC Capital Markets upgraded its stance on Vistry on Tuesday as it took a fresh look at the house housebuilder following full-year results.
Berenberg slashes target price on Focusrite following profit warning
Analysts at Berenberg slashed their target price on audio products manufacturer Focusrite from 700. 0p to 410. 0p on Tuesday following the group's profit warning a day earlier.
Asia report: Markets mixed as BoJ hikes rates, abandons YCC
Asia-Pacific markets finished with a mixed performance on Tuesday, as investors reacted to a policy shift from the Bank of Japan, which raised interest rates for the first time in 17 years.
Celebrus Technologies trades in line with FY expectations
Data solutions firm Celebrus Technologies said on Tuesday that its full-year results were seen in line with market expectations, with both revenue and profits improving year-on-year.
Sabre Insurance unveils special dividend after strong 2023 results
Shares in Sabre Insurance were rising on Tuesday after the motor insurance underwriter doubled its dividend payout for 2023, proposing a bumper special dividend after a huge surge in profits last year.
Ten Lifestyle hits record H1 adjusted EBITDA profitability
Travel and lifestyle concierge business Ten Lifestyle Group said on Tuesday that it had reached record adjusted underlying earnings profitability in the first half of its trading year, with active membership continuing to grow throughout the period.
Pfizer sells bigger-than-expected stake in Haleon
Haleon said on Tuesday that Pfizer has sold a larger-than-expected stake in the consumer healthcare group, taking its interest down to 22. 6% from 32%.
Essentra delivers 'resilient' FY 24 performance, CFO to stand down
Essential components manufacturer Essentra said it had delivered a "resilient" performance in 2023, with the group progressing towards its medium-term targets.
Trustpilot swings to full-year profit
Trustpilot said on Tuesday that it swung to a profit in 2023 as revenue and user numbers jumped.
Close Brothers shares surge on £400m capital plan
Merchant banking group Close Brothers saw shares surge on Tuesday after it announced a raft of measures – including the suspension of dividends – to strengthen its capital position as it prepares for the conclusion of a regulatory probe into motor finance.
SThree net fees fall amid global slowdown
Specialist science, technology, engineering and mathematics (STEM) recruiter SThree reported a 6% year-on-year decrease in net fees for the first quarter on Tuesday, attributed to a highly successful prior year and continued challenging market conditions.
Europe open: Shares slip as investors digest rate moves, await Fed
European shares opened lower on Tuesday as investors digested interest rate decisions from Japan and Australia and cast their eyes to the US as central bankers prepared to start their latest policy meeting.
London open: FTSE nudges up as BoJ hikes rates
London stocks nudged higher in early trade on Tuesday as investors mulled the first rate hike by the Bank of Japan in 17 years and looked ahead to policy announcements from the US Federal Reserve and the Bank of England this week.