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Van Elle trades 'slightly ahead' of assumptions in tough first half
Ground engineering contractor Van Elle updated the market on its first half on Tuesday, reporting that trading during the first quarter was “heavily disrupted” by Covid-19, following a low point in the final month of the 2020 financial year, April, in which 80% of revenues were lost.
The UK is a buy, says Goldman Sachs
UK domestic equities are buy, Goldman Sachs said in a strategy note on Tuesday, as it pointed to a sharp economic recovery next year.
Equals warns of delayed recovery in payments business
International payments group Equals said on Tuesday that it had witnessed continued financial and operational progress across the company but warned that its payments business would take some time to recover from the Covid-19 pandemic.
Pfizer and BioNTech make final vaccine submission to European regulator
Pfizer and its German partner BioNTech have made their final submission to the European Medicines Agency for approval of their potential Covid-19 vaccine.
AdaptHealth to buy AeroCare for $2bn
US home healthcare equipment provider AdaptHealth has agreed to buy respiratory and home medical equipment distribution platform AeroCare for around $2bn in cash and shares.
US pre-open: Futures point to solid gains ahead of December's first session
Wall Street futures had stocks opening higher on the first day of trading for December as last month's historic rally looked set to spill over into the new one.
Europe midday: Shares continue surge on Covid vaccine optimism
European shares continued to power ahead on Tuesday, driven by optimism over a coronavirus vaccine and positive China data.
Green under pressure to plug Arcadia pension gap
Beleaguered retailer Philip Green on Tuesday came under increasing pressure on Tuesday to help plug a reported £350m funding shortfall in the Arcadia pension scheme after the company collapsed overnight.
London midday: Stocks extend gains on vaccine optimism, manufacturing data
London stocks had extended gains by midday on Tuesday, with sentiment underpinned by vaccine hopes and solid UK and China manufacturing data.
JP Morgan reiterates 'top pick' for United Utilities in UK water space
Analysts at JP Morgan stuck to United Utilities as their 'top pick' in the UK water space.
Bigblu Broadband trades in line with FY expectations
Broadband provider Bigblu said on Tuesday that trading for the year ended 30 November was in line with expectations.
Shell faces Dutch court pollution case brought forward by environmentalists
Royal Dutch Shell to face a Dutch court on Tuesday on a case brought forward by environmentalists demanding a reduction in oil companies' involvement with fossil fuels.
Iranian parliament approves bill to potentially end nuclear inspections
Iran gave preliminary approval to a draft legislation that could potentially end inspections of nuclear sites by the start of 2021.
China's manufacturing sector hits ten-year high
The Chinese manufacturing sector has hit a 10-year high, a private sector survey showed on Tuesday, as the economy continued to rebound from the Covid-19 pandemic.
Enwell Energy secures 20-year extension to Mex-Gol licence
Oil and gas exploration and production company Enwell Energy announced the grant of an extension of its Mekhediviska-Golotvshinska (Mex-Gol) production licence in north-eastern Ukraine on Tuesday.
Fulcrum nets £4.8m from second tranche of domestic gas asset sale
Fulcrum Utility Services updated the market on the sale of its domestic customer gas connection assets and associated meters to ES Pipelines (ESP) on Tuesday, confirming the transfer of the second tranche of connection assets on 30 November, for a total consideration of £4. 8m.
Helios confirms capacity increase for 2021
Lloyd’s underwriting capacity investor Helios updated the market on its capacity portfolio, and its value for the 2021 year of account, on Tuesday, confirming that its capacity for 2021 would be £110m.
Deltic Energy formally awarded six new North Sea licences
North Sea-focussed natural resources investment company Deltic Energy reported on Tuesday that, further to the provisional award of new licences in the UK's 32nd Offshore Licensing Round in September, six new licences comprising 12 blocks had now been formally awarded by the Oil and Gas Authority.
Over-budget, delayed Crossrail gets another £825m lifeline
London’s delayed and over-budget Crossrail project has been given another £825m in government funding, Transport Secretary Grant Shapps said on Tuesday.
Beowulf upbeat on results from Kosovo's Wolf Mountain
Mineral exploration and development company Beowulf announced results from additional induced polarisation and resistivity surveys undertaken by Vardar Minerals on Tuesday, over the Wolf Mountain lead-zinc prospect, which forms part of the Mitrovica Project in northern Kosovo.