Retailer Halfords said on Tuesday that changes to National Insurance contributions and minimum wage announced in last month’s Budget will increase its costs by around £23m, as it reported a dip in interim revenue and profit.

Food service giant Compass Group reported a robust full-year performance on Tuesday, with a 10.6% increase in revenue to $42.2bn.

Utilities provider Telecom Plus said it was on track to meet full-year guidance and targeted a dividend increase of at least 13% after a sharp increase in customer numbers offset a decline in revenues due to lower energy prices.

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Aston Martin Lagonda said on Tuesday that it was looking to raise more cash from investors as it issued another profit warning.