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Europe close: Stocks up despite wariness about premature lockdown liftings
Lenders' shares paced the advance on the Continent as the number of Covid-19 infections and deaths continued to slow in most countries, paving the way for governments to gradually ease their lockdown measures.
IAG announces up to 12,000 redundancies in wake of Covid-19 crisis
International Airlines Group announced thousands of redundancies in anticipation that the recovery in international air traffic might take several years.
London close: Stocks close higher as investors cheer BP dividend decision
London stocks managed to close positive on Tuesday, with BP shares rising even further through the afternoon as the oil major maintained its dividend, despite a slide in quarterly profits.
Ford set to reopen European factories
Carmaker Ford said Tuesday that it expects to reopen its European plants starting Monday with safety measures in place to prevent the coronavirus spread.
Wednesday preview: US Federal Reserve, Astra Zeneca in focus
The focus in the middle of the week will be on the US central bank with investors keen to know the Federal Reserve's take on the current state of economies and financial markets around the world.
Broker tips: Morrisons, Sainsbury's, Oxford BioMedica, Royal Mail, IAG
Berenberg double-downgraded its stance on Sainsbury’s to ‘sell’ from ‘buy’ on Tuesday but lifted Morrisons to ‘buy’ from ‘hold’ as it took a look at the food retail sector.
Director dealings: Scancell director lowers stake
Scancell revealed on Tuesday that non-executive director Martin Diggle had sold 1. 5m ordinary shares in the AIM-listed biotechnology firm.
US consumer expectations improve in April, Conference Board says
The US consumer was blindsided by the Covid-19 pandemic as reflected in a closely-followed confidence gauge.
Oilex deal with Doriemus falls through
Oilex told shareholders on Tuesday that an agreement with Doriemus to reach an alternative agreement over the proposed purchase of Oilex's interests in the Cooper Basin by Doriemus has not been reached.
Versarien subsidiary 2-DTech gets grant from Advanced Propulsion Centre
Advanced materials engineering company Versarien announced on Tuesday that its subsidiary, 2-DTech, has been awarded a grant of up to £104,000 from the Advanced Propulsion Centre (APC).
FTSE 250 movers: Cineworld gains; gold miners lose their shine
London’s FTSE 250 was up 1. 5% at 16,184. 68 in afternoon trade on Tuesday.
US open: Mixed start to trading as several states look to reopen
Wall Street trading got off to a mixed start on Tuesday as several US states began the process of reopening their economies.
Burford Capital predicts spike in business, shares jump
Burford Capital, the litigation finance specialist, saw total income slide in 2019 but predicted a strong performance in the current year following the coronavirus outbreak.
UPS pulls full-year guidance amid Covid-19 uncertainty
UPS pulled its full-year guidance on Tuesday, after first-quarter income was dented by the Covid-19 pandemic and the introduction of lockdown measures.
US house price inflation accelerated heading into pandemic, FHFA says
House price inflation in the US rose more quickly than expected heading into the Covid-19 pandemic with prices rising in all major urban areas.
Pires' Sure Valley investment buys into online retail tech firm Buymie
Pires Investments said on Tuesday Sure Valley Ventures (SVV) has made a new investment in Buymie Technologies, as part of a funding round by the company to raise €2. 2m (£1. 92m).
Kore Potash continuing work on Dougou Extension
Republic of the Congo-focussed exploration and development company Kore Potash updated the market on operations in its first quarter on Tuesday, saying detailed work had continued on the Dougou Extension (DX) pre-feasibility study on its flagship, 97%-owned Sintoukola project during the period.
Barratt Developments eligible for support under Covid financing facility
Housebuilder Barratt Developments said on Tuesday that it is eligible for support under the UK Government's Covid Corporate Financing Facility, should it be required.
No 2020 dividend at RTC as it cuts cost base
RTC Group updated the market on the impact of the Covid-19 coronavirus pandemic on its business on Tuesday, as well as the measures it was taking to mitigate the associated risks.
FTSE 100 movers: JD Sports rallies; Sainsbury's hit by downgrade
London’s FTSE 100 was up 2% at 5,963. 96 in afternoon trade on Tuesday.
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