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FTSE 100 risers: Oil majors, insurers power 'bear market' rally
Shares of oil majors BP and Royal Dutch Shell powered Tuesday's bear market rally on the Footsie, alongside big advances for insurers and some beaten down travel stocks.
Europe close: Stocks jump on stimulus, tide turning against Covid-19 in Italy
Stocks staged their first big rally on Tuesday since the coronavirus pandemic took hold, finishing at their best levels of the session after US lawmakers said they were close to agreeing a spending plan to help buoy the economy and Germany said that it might ramp-up its own stimulus.
US close: S&P 500 jumps by most since October 2008 amid wild swings in VIX
Wall Street's main market gauges snapped higher after the speaker of the House of Representatives, Nancy Pelosi, voiced "real optimism" that a deal on a coronavirus spending bill could be voted on Tuesday, or Wednesday at the latest.
Broker tips: ABF, Tobacco stocks
ShoreCap reiterated its 'buy' recommendation for shares of Associated British Foods, hailing its "exceptionally good liquidity".
Wednesday preview: Capitol Hill, Coronavirus in focus
The focus in the middle of the week will continue to be on Capitol Hill and the make-up of the roughly $2trn government spending package that Congressmen are expected to vote on to help see the economy through the coronavirus pandemic.
FTSE 250 movers: Oil and Gas, and construction stocks move higher
Commodity and travel related stocks fared best as news of an imminent ramp-up in fiscal stimulus on both sides of the Atlantic enticed some investors to wade back into stocks.
Director dealings: Daax Corp. picks up more shares in Genel Energy
Daax Corporation stepped in to buy more shares in Kurdistan-focused oil exploration group Genel Energy.
London Mayor Khan says PM overruled him on building site ban
London Mayor Sadiq Khan clashed with Prime Minister Boris Johnson over allowing construction work to continue in the capital as builders crammed onto rush hour tube trains during the coronavirus lockdown.
London close: Stocks finish firmer as investors cheer stimulus
London stocks finished well into the green Tuesday, extending gains even after the release of dismal UK data, with sentiment underpinned by the Federal Reserve’s latest stimulus package.
ShoreCap says ABF well positioned to 'ride out a notable storm'
ShoreCap reiterated its 'buy' recommendation for shares of Associated British Foods, hailing its "exceptionally good liquidity".
OptiBiotix expands distribution deal with Extensor
Life sciences business OptiBiotix Health has extended the territories of its original distribution agreements with Extensor Robert Buczek to distribute its own-label ‘GoFigure’ consumer weight management products in Ukraine, Estonia, Lithuania, Latvia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Turkmenistan, Armenia, Azerbaijan, Georgia, Belarus, Moldova and Russia, it announced on Tuesday.
Tobacco dividends safe, Citi says
Analysts at Citi said 2020 dividend payouts from the world's largest tobacco companies were safe.
Whitbread scraps dividend; Shuts Premier Inns in UK, Germany
UK hotel operator Whitbread scrapped its dividend and said it would shut temporarily all Premier Inn hotels in the UK and Germany due to the Covid-19 pandemic, which may amount to a “technical default” under its banking arrangements.
Angling Direct shuts shops, focus on internet ops
Fishing retailer Angling Direct said all its retail stores were now closed until further notice in line with the UK government's lockdown to fight the coronavirus pandemic.
HydroDec facility still operating as Ohio locks down
Oil re-refining company HydroDec Group told shareholders on Tuesday that, following a legal ‘stay at home’ order issued in the state of Ohio, its facility in was still operating as it was currently considered to be covered by the exclusions defined by ‘essential infrastructure’ under the terms of the state government’s order.
Chevron cuts spending by $4bn to strengthen finances
Chevron will cut capital and exploration spending by $4bn (£3. 4bn) and scrap share buybacks to strengthen its finances against the effects of the coronavirus crisis.
G7 pledges action to protect global economy during pandemic
The G7 has pledged to do “whatever is necessary” to help support the global economy, which has been sent reeling by the coronavirus pandemic.
Abbey cancels dividend as Covid has 'significant' impact
Abbey updated the market on recent developments amid the Covid-19 coronavirus pandemic on Tuesday, and the impact it was having on is business.
Forterra suspends dividend due to coronavirus outbreak
FTSE 250 masonry products manufacturer Forterra said on Tuesday that it was suspending its dividend and implementing a range of cost-cutting measures as it looks to weather the coronavirus outbreak.
Global airline industry at risk of collapse in 'gravest crisis' yet - IATA
Governments around the world need to save crisis-hit airlines, a leading industry body has warned, as it forecast revenues would nearly half in 2020 because of the coronavirus pandemic.