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Virgin Atlantic agrees £1.2bn coronavirus rescue deal
Troubled airline Virgin Atlantic has agreed a £1. 2bn rescue deal, saving it from administration in the wake of the Covid-19 crisis, the airline said on Tuesday.
Wednesday preview: Covid-19 vaccines, Burberry in focus
The focus in markets is likely to be on the news-flow around potential Covid-19 vaccines following confirmation that a third phase clinical trial for Moderna Therapeutics's vaccine treatment will go ahead in July as scheduled.
Canaccord Genuity nudges up target price for Netcall shares
Analysts at Canaccord Genuity slightly raised their target price on software firm Netcall from 54. 0p to 57. 0p on Tuesday after the group's 2020 underlying earnings came in "comfortably ahead" of estimates.
US close: Stocks turn positive after earnings from big banks
Wall Street stocks finished on a positive note on Tuesday, following key earnings reports from some of the country’s biggest banks.
Europe close: Travel and technology issues pace losses
Travel and leisure, and technology issues weighed on Europe's main stockmarket gauges, although a positive start to the US second-quarter corporate reporting season helped to stem losses.
London close: Benchmark breaks into green after downbeat data
London stocks managed to break into the green in the final moments of trading on Tuesday, having spent most of the session in negative territory amid ongoing concerns about new coronavirus cases in the US and following the release of disappointing UK GDP data.
Director dealings: Arc Minerals executive makes share purchase
Arc Minerals revealed on Tuesday that finance director Remy Welschinger had acquired 100,000 ordinary shares in the AIM-listed explorer.
Broker tips: Netcall, Connect Group, Restaurant Group
Analysts at Canaccord Genuity slightly raised their target price on software firm Netcall from 54. 0p to 57. 0p on Tuesday after the group's 2020 underlying earnings came in "comfortably ahead" of estimates.
Trident acquires Thor royalty over Spring Hill gold production
Trident Royalties has entered into a binding agreement with Thor Mining, it announced on Tuesday, to acquire Thor's variable price gold royalty over production from the Spring Hill Gold Project in Australia's Northern Territory, operated by private group PC Gold.
TBC Bank deputy CEO, CFO Shagidze to leave
TBC Bank said on Tuesday that deputy chief executive officer and chief financial officer Giorgi Shagidze plans to leave at the end of the year "to explore other opportunities in a different field and/or geography".
FTSE 250 movers: AO World loses ground; IMI in the black
London’s FTSE 250 was down 1. 2% at 17,175. 21 in afternoon trade on Tuesday.
US open: Mixed start to trading following bank earnings
Wall Street stocks open mixed on Tuesday following key earnings reports from some of the US' biggest banks.
RBC upgrades The Restaurant Group to 'outperform'
The Restaurant Group is a "new beast" focused on Wagamama, Royal Bank of Canada said as it upgraded its recommendation for the company's shares to 'outperform'.
EU set to maintain travel restrictions with most third countries
The European Union will not expand its list of countries allowed restriction-free travel when officials meet for their bi-weekly review.
SDX disposes of interest in North West Gemsa
Middle East and North Africa-focussed oil and gas company SDX Energy has disposed of its 50% working interest in the North West Gemsa licence, in the Eastern Desert of Egypt, it announced on Tuesday.
FTSE 100 movers: BT rallies; Halma under the cosh
London’s FTSE 100 was down 0. 5% at 6,145. 54 in afternoon trade on Tuesday.
Arbuthnot Banking profits hit by BoE rate cut
Arbuthnot Banking reported a slump in first-half profit on Tuesday as it took a hit after the Bank of England cut interest rates to a record low in March.
Wells Fargo tumbles into the red, slashes dividend
US bank Wells Fargo has slashed its dividend after lower interest rates and soaring credit provisions prompted a slide into the red.
DX Group maintains expectations as volumes pick up
Freight and delivery provider DX Group reported an improving recovery in both its divisions on Tuesday, with volumes picking up since the strictest Covid-19 regulations began to be lifted in England.
Rigel Pharmaceuticals jumps on news of Imperical College Covid-19 study
Shares of US drug developer Rigel Pharmaceuticals shot higher on news that researchers at Imperial College were set to launch a clinical trial into the use of one of its existing treatments to help patients suffering from mild-to-moderate Covid-19 pneumonia from worsening.