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Cold front in Tennessee puts freeze on first-half profits

The industrial and medical laser markets have been adversely affected by destocking

Operational progress was achieved against an uncertain backdrop

Despite constraints on capacity, pricing shows signs of softening as peak holiday season approaches. Michael Fahy reports

The outlook for this year is even worse, as demand languishes in North America

A positive investment performance is set against significant net outflows

Revenue at Royal Mail increased in the second half, but there is still need for "urgent" reform

The Victoria Plum deal will weigh on short-term profitability

Investec basks in a higher rate boom, but also runs into regulatory hurdles

The rights issue could signal that confidence could gradually be returning to the London market – we shall see