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Shares fall sharply for second day running

Shares in London fell sharply again today as London investors scaled back on their appetite for risk because of the uncertainties over the Greek debt crisis.

Carpetright underlying profits up

Carpetright saw a substantial growth in group underlying profit in the 53 weeks to 2 May with strong rise in like-for-like sales growth in the UK and a return to profit in the Rest of Europe.

Press Roundup

A brief summary of Tuesday's main business headlines... Extensive coverage of the markets reaction to the deepening Greece crisis, China stocks plunging into bear market, prosecutors launching Deutsche Libor probe, the British car industry, the HSS trading update and much more...

Wood Group acquires BETA Machinery Analysis

Wood Group has acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specialising in advanced vibration analysis in a deal valued at $14.3m.

Imagination adjusted operating profits fall

Imagination Technologies Group's revenues rose to £177.0m in the year to the end of April - up from £170.8m last time.