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Antofagasta signs $2.5bn loan deal to build Centinela concentrator
Antofagasta said it had secured a loan deal to finance construction of a $2. 5bn second concentrator at its Centinela mine in Chile.
Cohort wins £16m systems contract in Australia
Cohort announced a landmark contract through its subsidiary Chess Dynamics on Tuesday, valued at £15. 7m, with BAE Systems Maritime Australia for the provision of the advanced Sea Eagle surveillance systems.
US pre-open: Futures lower ahead of FOMC meeting
US futures were in the red ahead of the bell on Tuesday as market participants patiently awaited the outcome of the Federal Reserve Open Markets Committee's March policy meeting.
London midday: Stocks dip as investors mull BoJ, await Fed and BoE
London stocks had dipped into the red by midday on Tuesday as investors mulled the end of negative rates in Japan and looked ahead to policy announcements from the US Federal Reserve and the Bank of England this week.
Fintel earnings rise as it expands through acquisitions
Financial technology and support specialist Fintel reported a 5. 6% increase in adjusted EBITDA in its 2023 results on Tuesday, to £20. 5m, with a margin improvement to 31. 5%.
Team Internet acquires Shinez in $42m deal
Digital marketing specialist Team Internet Group announced the acquisition of Shinez and its subsidiaries on Tuesday to strengthen its portfolio and presence in the online marketing sector.
Europe midday: Shares down on caution over rate-cut timing
European shares were in the doldrums on Tuesday as investors digested Japan's decision to finally lift interest rates and cast their eyes to the US as central bankers prepared to start their latest policy meeting for any hint on when borrowing costs might come down.
Mortgage Advice Bureau maintains dividend after mixed year
Mortgage Advice Bureau said in its final results on Tuesday that despite a challenging environment, it achieved a revenue increase of 3. 8% in 2023 to £239. 5m, and a notable 11. 5% rise in gross profit, reaching £70. 2m.
AstraZeneca to buy US-listed Fusion Pharma for $2bn
AstraZeneca said it had agreed to buy biopharmaceutical company Fusion Pharmaceuticals for up to $2bn.
Boku profit before tax surges 178pc in 2023
Mobile payments specialist Boku reported a 30% jump in revenue in its 2023 results on Tuesday, to $82. 7m, up from $63. 8m in the prior year, with significant contributions from digital wallets and account-to-account (A2A) connections, which soared by 153% to $16. 9m.
Tesco loses appeal over Lidl trademark infringement
Tesco, the UK's largest retailer, faced defeat in an appeal regarding a trademark infringement case brought against it by the privately-held limited assortment discounter Lidl, it emerged on Tuesday.
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.