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US open: Travel stocks jump as Democrats sound 'really optimistic' note on stimulus
Wall Street's main market gauges were moving sharply higher at the start of trading after the speaker of the House of Representatives, Nancy Pelosi, voiced "real optimism" that a deal on a coronavirus spending bill could be signed on Tuesday.
Ashley asks govt if Evans Cycles can open in lockdown spat
The battle of wills between Sports Direct owner Mike Ashley and the government over the coronavirus lockdown took a further twist on Tuesday as the millionaire said he had asked whether his Evans Cycles stores could be kept open.
Grafton warns on profits as it suspends divi, withdraws guidance
Builders' merchant Grafton Group said on Tuesday that it will close all of its UK distribution branches and manufacturing plants for the next three weeks as it warned that the outbreak of the coronavirus will dent revenue and profit, withdrew guidance and suspended its dividend.
Pressure mounts on Sunak to help self-employed with wage bailout
The British government was considering ways to extend its business bailout to include statutory self-employment pay, as pressure mounted to protect the five million workers currently excluded from the package.
US new home sales edge past forecasts in February
Sales of newly-built homes ran at a faster-than-expected clip last month.
Tokyo Olympics until 2021 due to Covid-19 pandemic
The Tokyo Olympics are to be postponed until 2021 at the latest due to the coronavirus, the International Olympic Committee and host nation Japan said on Tuesday.
US business activity hits record low in March
There was sharp contraction in both the US manufacturing and services sectors in March as the coronavirus took its toll, according to flash data released on Tuesday.
Aggreko to start Olympics talks after games postponed
Aggreko said it was entering talks to work out details of its contract to supply the 2020 Tokyo Olympics after the games were postponed because of the coronavirus crisis.
Sharp bounce on Wall Street amid signs Senate near agreement on stimulus
Top Senate leaders appeared to be getting closer to a deal on a spending package to see the US economy through the coronavirus pandemic, although it remained to be seen if Democracts in the lower house of Congress could be brought onside.
Wetherspoon accused of not paying workers
JD Wetherspoon employees have accused the company of refusing to pay its workers while pubs are closed until it receives money from the government to subsidise wages.
Pets at Home to keep stores, vet practices open
Pets at Home said on Tuesday that its pet stores will remain open during the Covid-19 outbreak.
Pittards earnings improve as it delays dividend decision
Leather and luxury good manufacturer Pittards reported revenue of £22. 3m in its final results on Tuesday, down from £28. 5m year-on-year.
Aston Martin closes factories as Covid-19 threatens performance
Aston Martin Lagonda said it would stop production at its UK factories for almost four weeks as the company warned the Covid-19 crisis was a threat to its financial performance.
IQE confident in position after 'challenging' year
Advanced wafer and semiconductor materials company IQE reported revenue of £140m for 2019 in a trading update on Tuesday, down from £156. 3m year-on-year but in line with its November guidance.
UK banks 'well able' to withstand Covid-19 crisis - FPC
UK banks are well positioned to withstand the severe disruption brought about by the coronavirus pandemic, the Bank of England’s Financial Policy Committee said on Tuesday, as it pledged to take further action to underpin financial stability if needed.
UK manufacturing falters as Covid-19 hits demand
Manufacturing output fell in early March, as the coronavirus outbreak started to take its toll on the sector, a widely-watched survey revealed on Tuesday.
Augmentum Fintech talks up portfolio strength amid pandemic
Publicly-listed venture capital fund Augmentum Fintech updated the market on the current impact of the Covid-19 coronavirus pandemic on its business on Tuesday, outlining the measures it was taking to manage the fund in the current environment.
Coronavirus to delay Crossrail even further
The already-tardy Elizabeth line project in London suffered a further delay on Tuesday, as Transport for London confirmed that all work on the Crossrail project would be stopped for the foreseeable future as a result of the Covid-19 coronavirus pandemic.
Tasty closes all takeaway and delivery services
Casual dining operator Tasty confirmed on Tuesday that it would cease offering all takeaway and delivery services across all of its restaurants.
Inovio and Ology to work on Covid-19 vaccine
Inovio Pharmaceuticals said it would work with Ology Bioservices on a DNA vaccine for Covid-19 after Ology was awarded an $11. 9m contract from the US Department of Defense (DoD).