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United Oil reports positive results from Abu Sennan drilling
United Oil & Gas updated the market on the drilling of the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt on Tuesday, reporting that preliminary results suggested the well encountered a total of at least 22 metres of net oil pay interpreted across a number of reservoirs, including the Abu Roash C (AR-C), Abu Roash E (AR-E), Lower Bahariya and Kharita Formations.
Mike Evans steps down as M&G chair
M&G said on Tuesday that Mike Evans has stepped down as chair with effect from 1 April after two and a half years to focus on his health.
Lexington Gold reports progress on Carolinas projects
Exploration and development company Lexington Gold updated the market on its ongoing operational activities on Tuesday, reporting that the phase 1 drilling campaign at the Jones-Keystone-Loflin (JKL) project was progressing satisfactorily, with more than half of the drilling completed.
Air France surrenders 18 Orly slots in return for €4bn refinancing
Air France has won EU approval for a €4bn recapitalisation plan by the French government after agreeing to give up valuable slots at Orly airport in Paris as it looked to bolster finances hammered by the Covid-19 pandemic.
UK new car registrations up 11.5%, 'grow' for first time since August
New car registrations in the UK recorded their first rise since August of 2020 last month with 283,964 new units sold.
Softbank to buy 40% stake in robotics company AutoStore for $2.8bn
Japan’s Softbank has agreed to buy a 40% stake in Norwegian robotics and software company AutoStore for $2. 8bn.
EU expects near-total inoculation by July
Brussels expects to receive enough jabs by the end of June to vaccinate most of the European Union's population against Covid-19.
Iran, US to begin negotiations on nuclear deal revival
Iranian and US officials are set to begin talks to revive the 2015 nuclear deal on Tuesday in Vienna.
London midday: FTSE gains as reopening stocks rally
London equity markets were firmly in the black by midday on Tuesday following a record session on Wall Street, with reopening stocks on the front foot.
US pre-open: Futures lower following record close for Dow Jones and S&P 500
Wall Street futures were in the red ahead of the bell on Tuesday after the Dow Jones and S&P 500 closed at fresh record highs in the previous session on the back of some strong economic data.
Caledonia Mining begins full operations at Central Shaft
Caledonia Mining announced on Tuesday that its Central Shaft was now fully operational.
Europe midday: Shares stay in record territory as UK eases Covid curbs
European shares remained in record territory at midday on Tuesday, as UK stocks reacted positively to an easing of Covid restrictions from next week while investors were also cheered by US stimulus spending.
SpaceandPeople extends commercialisation deal with Landsec
SpaceandPeople has extended its commercialisation agreement with Land Securities, it announced on Tuesday, for the provision of experiential activity and short-term retailing until 2026.
UK Covid travel tests would price people off flights - easyJet CEO
Proposed UK Covid test rules for international travel would make flying too expensive for most people, the boss of budget airline easyJet said on Tuesday.
Canaccord Genuity lowers Touchstone Exploration to 'speculative buy' following Chinook well test
Analysts at Canaccord Genuity lowered their rating on petroleum and natural gas investor Touchstone Exploration from 'buy' to 'speculative buy' on Tuesday, stating its Chinook well test had raised the group's risk profile.
Clinigen to launch 'Erwinase' in the UK earlier than planned
Pharmaceutical products and services company Clinigen Group announced on Tuesday that it will be providing access to ‘Erwinase’, or L-asparaginase Erwinia chrysanthemi, in the UK from 6 April.
Homeserve sees profits rise on DIY surge during pandemic
UK maintenance company Homeserve said it expected a £10m rise in annual profits as the home improvement market surged during the coronavirus pandemic.
BP expects to hit $35bn net debt target in Q1
BP on Tuesday said it expected to hit its $35bn net debt target during the first quarter of 2021 after faster-than-expected progress on its disposals programme and a "strong" quarter driven by recovering oil prices.
Renalytix AI upbeat on latest 'KidneyIntelX' study results
Renalytix AI reported on Tuesday that its ‘KidneyIntelX’ product more accurately predicted progressive kidney function decline and kidney failure in a multi-centre, diverse cohort of 1,146 type-2 diabetes patients with early-stage kidney disease, when compared to the current standard of care.
Avacta signs global distribution deal with Abcam
Cancer therapies and diagnostics developer Avacta Group has entered into a global distribution agreement with Abcam, it announced on Tuesday, to sell its recently-developed SARS-CoV-2 research ‘ELISA Affimer’ reagents.