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Berenberg says StanChart set to resume 'attractive' capital returns, stays at 'buy'
Analysts at Berenberg reiterated their 'buy' recommendation for shares of Standard Chartered, telling clients the lender was now on a path for steady growth from 2022 onwards and to restart returning capital as soon as the following year.
CMA clears Mitie's acquisition of Interserve Facilities Management
Mitie shares rallied on Tuesday after the Competition and Markets Authority approved its acquisition of Interserve’s cleaning and maintenance business.
Covid-19 takes shine off Petra as earnings tumble
Petra Diamonds reported a slide in full-year earnings on Monday, after the Covid-19 pandemic restricted production and weakened demand.
Pfizer to start pilot delivery program for Covid-19 vaccine
Pharmaceutical company Pfizer will begin trials in four US states for the delivery program for the Covid-19 vaccine that it is developing.
WHO warns 'no time for complacency' despite Covid-19 vaccine
The World Health Organization (WHO) said that although the announcements of new potential effective vaccines for Covid-19 are positive news, “many questions” remain and there is no time for complacency.
Bahamas Petroleum progresses preparations for Perseverance 1 drilling
Bahamas Petroleum Company (BPC) updated the market on preparations for Perseverance 1 ahead on drilling on Tuesday.
US pre-open: Dow futures slide following record setting rally
Wall Street futures had stocks opening mostly in the red ahead of the bell on Tuesday after clinching a brand new record close in the previous session.
IAG reportedly cuts Air Europa purchase price
British Airways owner IAG has reportedly managed to cut the price of its acquisition of Spanish airline Air Europa to €300m - €400m.
AFH ends financial year in line with forecasts
Wealth management provider AFH Financial Group updated the market on the year ended 31 October on Tuesday, reporting that trading had remained in line with its expectations and with its trading update on 30 September.
Europe midday: Vaccine euphoria evaporates as investors step back
European shares were lower at midday as investors took profits and the euphoria over test results from a second Covid-19 vaccine fizzled out.
Velocity Composites continues to navigate tough trading conditions
Velocity Composites updated the market on the year ended 31 October on Tuesday, reporting that trading in the first four months was in line with management expectations, but the rest of the year was adversely impacted by the Covid-19 pandemic.
London midday: Stocks extend losses as sterling gains
London stocks had extended losses by midday on Tuesday following another vaccine-inspired rally in the previous session, underperforming their European peers as sterling gained ground.
Synectics wins video surveillance contract with Iarnrod Eireann
Security and surveillance technology company Synectics has signed a €1. 3m contract with the Republic of Ireland state railway operator Iarnród Éireann, to upgrade all mark-4 InterCity rolling stock on the Dublin to Cork route to an IP-based video surveillance system.
AFC Energy signs scale-up agreement with BK Gulf
Hydrogen power technology company AFC Energy has signed a binding agreement with BK Gulf, it announced on Tuesday, to support the immediate scale-up of manufacturing capacity for delivery of its proprietary ‘H-Power’ fuel cell system.
Boohoo shores up board with non-executive appointment
Boohoo, the embattled fast-fashion retailer, has moved to strengthen its board with the appointment of Shaun McCabe as chair of the audit committee.
Huawei sells Honor brand in bid to save supply chain
Huawei on Tuesday said it was selling its budget brand smartphone unit Honor to a government-backed consortium in a bid to save its supply chain impacted by US government sanctions.
Tobbaco sales help Imperial Brands post FY profit rise
Imperial Brands reported a rise in annual sales, driven by a demand for tobacco which offset a drop in its e-cigarette business, and forecast profit growth in 2021.
EasyJet slumps to historic £1.3bn loss as Covid-19 hammers revenue
Low-cost airline easyJet on Tuesday swung to a massive £1. 3bn annual loss, the first in its history, revealing the full extent of the havoc caused by the coronavirus pandemic as capacity almost halved.
Johnson Service to axe 1,500 jobs as lockdowns batter hospitality sector
Workwear manufacturer Johnson Service Group is to cut more than 1,500 jobs after the Covid-19 pandemic caused volumes to slump.
Naked Wines appoints Shawn Tabak as new CFO
Naked Wines has appointed Shawn Tabak as its new chief financial officer with effect from 7 December.