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Shares jump as N Brown secures £50m loan facility
N Brown has secured a fresh £50m loan facility as sales continued to be buffeted by the Covid-19 pandemic, the online retailer announced on Tuesday.
Ideagen trades in line amid Covid-19, reiterates FY guidance and dividend
Information management software provider Ideagen reiterated its full-year guidance and final dividend on Tuesday, stating it had continued to perform well despite the Covid-19 pandemic.
Quixant's Denistron performs ahead of expectations amid lockdown
Gaming technology firm Quixant said on Tuesday that its Denistron unit had performed well of late despite disruptions stemming from the Covid-19 pandemic.
Imperial Brands slashes dividend by 33%, sees Covid-19 hit in H2
Tobacco giant Imperial Brands on Tuesday slashed its dividend by more than a third as it tried to speed up debt reduction and warned of a Covid-19-related hit in the second half.
Tritax Eurobox declares dividend, sees strong demand
Tritax Eurobox declared a dividend for the second quarter as the company posted higher asset values and predicted the Covid-19 crisis would increase demand for its large logistics real estate sites.
Asia report: Markets rise on positive Covid vaccine developments
Markets in Asia were sparkling green across the board as they closed on Tuesday, as investors cheered positive phase one results for a potential Covid-19 coronavirus vaccine from US firm Moderna Therapeutics overnight.
AFC Energy plans return to offices as H-Power enquiries grow
Hydrogen power technology group AFC Energy said on Tuesday that it was forging ahead with plans to get its staff back into their offices by the end of the month as commercial enquiries for its H-Power system grow.
Itaconix nets $0.2m under US Paycheck Protection Program
Itaconix has received $0. 2m (£0. 16m) in new funding from a loan under the US Small Business Administration's Paycheck Protection Program, it announced on Tuesday.
Diaceutics maintains expectations after first quarter
Diaceutics said it had made a “good start” to the 2020 financial year on Tuesday, with trading in the first quarter in line with the board's expectations.
Alumasc's Gatic wins £4m in contracts in last three months
Building products and systems company Alumasc announced on Tuesday that its subsidiary Gatic has been awarded a number of contracts in the Middle and Far East in the last three months, totalling more than £4m.
Renew delivers record first half, dividend still suspended
Engineering services group Renew Holdings delivered “another record trading period” in its half-year report on Tuesday, with “strong” cash generation and trading performance, including a contribution from the acquisition of Carnell Support Services in January, although its interim dividend remained suspended.
UK government unveils post-Brexit tariff regime
The UK plans to impose tariffs on imported cars and a range of agricultural food items, but will slash them on a swathe of other goods, it was announced on Tuesday, as the government outlined its post-Brexit duty regime.
UDG Healthcare interim profits rise but H2 to be hit by Covid
UDG Healthcare posted a rise in interim profit and revenue on Tuesday thanks to solid performances form its Ashfield and Sharp businesses, but cautioned that it expects some impact from Covid-19 in the second half.
Europe open: Stocks dip as investors mull EU reconstruction fund
Early gains for stocks have given way to modest selling across the Continent as investors monitor the news-flow around a proposed €500bn reconstruction fund for the euro area.
UK unemployment surges at record pace to 2.1m
UK unemployment surged to a 24-year-high of 2. 1m in April as employers laid off workers at a record pace during the Covid-19 crisis.
Micro Focus reaches upper end of margin expectations in first half
Micro Focus said on Tuesday that it was expecting to report revenue of around $1. 45bn (£1. 19bn) for the first half, making for a decline of around 11% on a constant currency basis.
UK govt expands Covid-19 loan scheme to £200m
The UK Treasury on Tuesday extended the size of loans available to larger businesses affected by the coronavirus pandemic.
Beazley raises £247m ‘to support ongoing organic growth’
Insurer Beazley said on Tuesday that it had raised £247m in a placing "to continue to support ongoing organic growth".
Compass to raise £2bn to bolster finances during crisis
Compass is raising £2bn of equity to strengthen its finances after the Covid-19 shutdown caused revenue to almost halve in April.
Rightmove taps Hudson as interim finance director
Online real estate group Rightmove said on Monday that group finance director Robyn Perriss would be retiring from the group at the end of June.