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Administrators to close another 31 Arcadia Group stores
A further 700 jobs are set to be lost from the privately-held collapsed clothing retailer Arcadia Group by the end of the month, with another 31 stores to be closed by administrators.
ValiRx adds four new patents to portfolio in 2020
Clinical-stage drug development company ValiRx updated the market on its patent portfolio on Tuesday, reporting that it continued to build in 2020 with four patents granted during the last 12 months.
Office Depot parent rejects Staples takeover bid, open to alternative deals
US retailer Office Depot rejected an unsolicited takeover offer from competitor Staples on Tuesday but stated that it was willing to discuss an alternative deal.
Canaccord maintains 'hold' rating on Spirent Communications
Analysts at Canaccord Genuity maintained their 'hold' rating on Spirent Communications on Tuesday following the group's fourth-quarter trading update.
Goldman Sachs shares hit record high after blowing doors off Q4 estimates
Goldman Sachs blew the doors off estimates from Wall Street analysts for its fourth quarter results, propelling the shares to a fresh all-time high.
Lumentum to buy laser maker Coherent in $5.7bn deal
Lumentum said on Tuesday that it has agreed to buy California-based laser maker Coherent in a cash and share deal valued at $5. 7bn, sending shares in the latter surging in pre-market trade.
EU clears path for Boeing's 737 Max to resume flying
Boeing’s troubled 737 Max airplane could return to the skies by this summer, the European Union’s air safety regulator has indicated.
German inflation weighed down by VAT cut
Inflation rose only marginally in Germany across 2020, weighed down by the temporary reduction in sales tax and a slump energy prices, official data confirmed on Tuesday.
Bank of America beats Q4 profit estimates as loan loss provisions fall
Bank of America's earnings topped analysts' forecasts despite the lender's shrinking topline as loan loss provisions slowed.
German investor sentiment improves in January
German investor sentiment improved more than expected in January despite the Covid-19 crisis, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Europe open: Yellen US stimulus remarks boost sentiment
European shares opened higher on Tuesday as investors were cheered by a rally in Asia and positive remarks by incoming US Treasury Secretary Janet Yellen on the proposed $1. 9trn stimulus plan.
Europe midday: Shares higher on upbeat earnings, Yellen comments
European shares were still in the green at lunch on Tuesday, kept afloat by upbeat earnings reports and positive remarks on US stimulus measures by US Treasury Secretary nominee Janet Yellen.
US pre-open: Futures higher following MLK Day break
Wall Street futures had stocks opening higher ahead of the bell on Tuesday ahead of President-elect Joe Biden's inauguration tomorrow.
LME set to close its doors for first time since WWII
One of the last remaining open-outcry trading floors in the world may soon shut its doors for good.
London midday: Stocks in the black ahead of Yellen testimony
London stocks were still a little firmer by midday on Tuesday as investors awaited a testimony on stimulus by incoming US Treasury Secretary Janet Yellen.
Moonpig confirms plans for IPO
Online greetings card firm Moonpig on Tuesday confirmed it was proceeding with its stock market float, valuing the group at up to £1. 2bn.
One third of people have cash payments refused due to pandemic
One in three people have had payments refused and have been unable to pay in cash since the start of the pandemic, shows Which?.
Asia report: Markets mostly higher as Hong Kong locks down further
Markets in Asia closed mostly firmer on Tuesday, as investors held their breath ahead of the inauguration of US president-elect Joe Biden later in the week, and monitored the ongoing global Covid-19 pandemic.
Mountfield mulls structural changes amid ongoing Covid-19 pandemic
Commercial flooring firm Mountfield said on Tuesday that it was considering making structural changes to the group in order to improve shareholder value amid the ongoing Covid-19 pandemic.
Geely and Tencent sign cooperation deal to work on smart technologies
Geely Auto Group and Tencent have signed a strategic cooperation agreement in digitalization, intelligent cockpits, autonomous drive, and low carbon development, Geely announced on Monday.