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Asia report: Markets mixed, airline stocks rise on vaccine news
Markets in Asia finished in a mixed state on Tuesday, with most airline stocks in the green on the back of newly positive data from another potential Covid-19 vaccine.
RBC Capital downgrades WH Smith after vaccine-fuelled rally
RBC Capital Markets downgraded WH Smith on Tuesday to ‘sector perform’ from ‘outperform’ as it said the valuation was up with events.
Tesla set to join S&P 500 in December
Electric carmaker Tesla Inc is set to join the S&P 500 index in December, and will aim to expand its investor base and put the electric automaker in the same company as top tech firms such as Apple, Berkshire Hathaway and Microsoft.
Bank of Georgia posts jump in Q3 profits on wider net interest margins
Bank of Georgia posted slight topline growth over the third quarter as the country's economy rebounded from the initial onslaught of the Covid-19 pandemic.
Telecom Plus profit ticks higher, interim dividend maintained
Telecom Plus reported a small increase in first-half profit on Tuesday and maintained its dividend as it highlighted a "resilient" performance across the business.
NinetyOne reports £300m outflows on investor 'risk off' approach
Wealth manager Ninety One recorded net first-half outflows of £300m after losing some large institutional mandates and a cautious investor approach during the first wave of the Covid-19 pandemic.
Europe open: Investors pause after Monday's Covid vaccine surge
European stocks paused for breath at the opening on Tuesday after Monday’s surge driven by news that a coronavirus vaccine being developed by Moderna was 94. 5% effective.
Intermediate Capital Group reports sharp rise in profits, accelerates fundraisings
Intermediate Capital Group posted a sharp rise in first half profits amid strong demand for its funds and a recovery in portfolio valuations across the period.
Shaftesbury raises £307m to weather Covid-19 storm
Shaftesbury announced the results of its capital raising on Tuesday, saying the gross proceeds would be £307m, including all of the additional £10m raised via its offer for subscription.
Polypipe revenues top expectations as volumes recover
Plastic piping manufacturer Polypipe said on Tuesday that revenues for the four months ended 31 October had come in ahead of expectations.
London open: Stocks edge lower as vaccine optimism fades
London stocks edged lower in early trade on Tuesday as vaccine optimism faded, with worries about rising Covid-19 cases and the impact of tighter restrictions continuing to play on investors' minds.
Clifford Abrahams signs on as new Virgin Money CFO
Virgin Money announced on Tuesday that it has appointed Clifford Abrahams as an executive director and its group chief financial officer.
Big Yellow posts decent growth as store estate expands
Big Yellow reported revenue growth of 2. 3% in its first half on Tuesday, to £65. 8m, with like-for-like store revenue up by 2. 4%.
Aggreko FY profit seen at top end of guidance, sets 2021 guidance
Aggreko said on Tuesday that full-year profit is expected to be at the upper end of its previous guidance following some recovery in most of its markets, as it set its profit guidance for 2021.
Energean makes 'solid progress' at Karish, Prinos goes 100% renewable
Exploration and production company Energean said on Tuesday that it had continued to make "solid progress" on its Karish development throughout the third quarter of the year.
Homeserve revenue, adjusted profit grows in first half
Homeserve reported revenue growth of 17% to £536. 7m in its first half on Tuesday, which it said was driven by strong growth in North America and the inclusion of revenue from eLocal, of which it acquired 79% in November 2019.
London pre-open: Stocks seen lower after vaccine-fuelled gains
London stocks were set to fall at the open on Tuesday following healthy gains in the previous session on the back of vaccine optimism.
Experian posts decline in first half profits despite strong sales in Americas
Experian posted a decline in first half profits despite organic sales growth in the Americas, as the novel coronavirus pandemic hammered other regions.
Assura interim profits grow as rent collections remain in line
Primary care property investor and developer Assura reported a rise in interim profit on Tuesday as it said rent collections have remained in line with normal patterns despite the Covid-19 pandemic.
EasyJet swings to annual loss, Experian revenue grows in first half
London open The FTSE 100 is expected to open 17 points lower on Tuesday, having closed up 1. 66% on Monday at 6,421. 29.