Africa-focussed oil and gas company Tower Resources updated the market on the farm-out process at the Thali production sharing contract (PSC) in Cameroon on Tuesday, which was being conducted through its wholly-owned subsidiary, Tower Resources Cameroon.
The Financial Conduct Authority has lifted its ban on trading by Wirecard's UK business, restoring access to cash and payments for millions of users of apps that relied on its services.
Manufacturing and services activity in China expanded in June as the economy continued to recover from the coronavirus fallout, according to figures released by the National Bureau of Statistics on Tuesday .
London stocks edged lower in early trade on Tuesday as investors mulled a record decline in UK GDP, amid ongoing concerns about the coronavirus pandemic.
Standard Life Aberdeen has hired Stephen Bird, a former Citigroup banker, as its next chief executive to replace Keith Skeoch, who is stepping down after more than 20 years at the asset manager.
Healthcare investment and development company Syncona announced on Tuesday that Freeline Therapeutics - a biotechnology company focussed on developing curative gene therapies for chronic systemic diseases - has raised a further $80m (£65. 09m) from specialist global institutional investors in an expanded series C round.
AstraZeneca said on Tuesday that selumetinib, its treatment for genetic disease neurofibromatosis type 1, has been granted orphan drug designation in Japan.
FTSE 250 infrastructure group Balfour Beatty said on Tuesday that its joint venture, Gammon Construction, has been awarded a HK$5. 67bn (£577m) contract in Hong Kong.
Smiths Group said it would cut jobs as part of a plan to reduce costs by £70m as the engineering company reported a slowdown in business because of Covid-19.
Cineworld said on Tuesday that it will delay the reopening of its cinemas in the UK and US to the end of July "in line with recent adjustments to the schedule of upcoming movie releases".
London open The FTSE 100 is expected to open 14 points lower on Tuesday, having closed up 1. 08% at 6,225. 77 on Monday.
London stocks were set to rise at the open on Tuesday despite ongoing concerns about the coronavirus pandemic, with Prime Minister Boris Johnson set to announce a £5bn boost to infrastructure spending.
InterContinental Hotels said revenue per available room (revpar) fell 75% in the second quarter but that the trend was improving and 90% of its hotels were now open.
The chancellor is expanding a £500m fund for UK startups hit by the coronavirus crisis, to ensure firms that shifted their headquarters abroad can still access the scheme. The Future Fund will now benefit companies that are seen as British in all but name, having moved their parent company to tap US investors or take advantage of so-called accelerator programmes. Accelerators like US-based Y Combinator often ask firms to set up a US entity in order to access financing, mentorships and expert networks overseas.
Stocks closed in the green on Wall Street on Monday, despite a spike in new coronavirus cases in certain US states over the weekend.