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Air France-KLM prices capital raise at €4.84 a share
Air France-KLM on Tuesday started a capital raising as part of a €4bn recapitalisation to bolster its finances against the impact of the coronavirus pandemic.
JD Sports misses estimates but forecasts higher profits this year
JD Sports Fashion missed annual profits expectations, despite more people buying sports and casualwear during the pandemic lockdown, as it reinstated dividend payments and forecast higher earnings for the current year.
Plus500 Q1 profits plunge on tough comparatives
Online trading platform Plus500 reported sharp falls in first quarter profits and revenues against strong comparatives a year ago driven by Covid pandemic volatility.
Wednesday preview: ECB speakers, Tesco in the spotlight
Financial markets' focus in the middle of the week will shift to the other side of the Channel, where a raft of European Central Bank officials are due to deliver speeches, including its boss, Christine Lagarde.
US close: S&P ends session at fresh record high following CPI data
Wall Street stocks turned in a mixed performance on Tuesday after the Food and Drug Administration and the Centers for Disease Control recommended the use of Johnson & Johnson's single-dose Covid-19 vaccine be temporarily halted after six people out of the 7. 0m who received the jab developed blood clots.
Europe close: Shares extend gains
European shares continued to gain ground on Tuesday, helped by a slightly lower-than-expected reading on US inflation and strong China export data.
FTSE 250 movers: Babcock higher on investor relief, XP Power rallies after update
Company-specific news was the main driver behind share price gains on London's second-tier index on Tuesday, even if the FTSE 250 was benefitting from the risk-on mood in financial markets more generally.
Babcock expects £1.7bn of impairments, aims to avoid equity raise
Babcock cautioned investors to expect multi-billion pound impairments and charges for the financial year just ended following its contract profitability and balance sheet review (CPBS).
FDA halts J&J vaccination in US over rare blood clotting cases
The Food & Drug Administration temporarily told US states to halt vaccination against Covid-19 with the Johnson & Johnson shot over rare blood clotting cases.
Singapore's Grab to go public in record $40bn SPAC deal
Singapore app company Grab is planning to list in the US through a record-sized special purpose acquisition company.
London close: Stocks positive after UK GDP, US inflation data
London stocks managed a positive finish on Tuesday, as investors mulled a slightly weaker-than-expected UK GDP reading and pored through the latest inflation data out of the United States.
Broker tips: Weir, Croda, easyJet
Credit Suisse upgraded shares of Weir to 'outperform' from 'neutral' on Tuesday, pointing to an "attractive" entry point as we enter a period of compounding growth.
Director dealings: Deepverge chairman ups stake
Deepverge said on Tuesday that chairman Ross Andrews had acquired 150,000 new ordinary shares in the AIM-listed technology firm.
Alba to start evaluation pitting at Clogau-St David's
Alba Mineral Resources announced on Tuesday that the evaluation pitting of the historic waste rock dump at the Clogau-St David's Gold Mine would be starting shortly.
Mattioli Woods acquires Pole Arnold in £4m deal
Specialist wealth and asset management company Mattioli Woods announced the acquisition of Pole Arnold Financial Management from its shareholders on Tuesday, for initial consideration of £4m and potential further consideration of up to £3m.
Good Energy pleased with performance as it pivots focus
Renewable electricity provider Good Energy Group reported a positive financial performance from its core business in its preliminary results on Tuesday, despite the ongoing macroeconomic conditions impacted by the Covid-19 pandemic.
BoE chief economist Haldane to step down in June
The Bank of England said on Tuesday that chief economist Andy Haldane is leaving in June.
FTSE 100 movers: Just Eat rallies after update; travel stocks fall
London’s FTSE 100 was flat at 6,887. 01 in afternoon trade on Tuesday.
US open: Stocks mixed following March CPI reading
Wall Street stocks were mixed early on Tuesday after the Food and Drug Administration and the Centers for Disease Control recommended the use of Johnson & Johnson's single-dose Covid-19 vaccine be temporarily after six people out of the 7. 0m who received the jab developed blood clots.