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Jet2 swings to loss as flights remain suspended
Low-cost leisure airline and packaged holiday provider Jet2 said on Tuesday that as a result of the Covid-19 pandemic, it expected to report a group loss before foreign exchange and tax from continuing operations of between £375m and £385m for the 2021 financial year.
London pre-open: Futures flat, but BP and HSBC beat
Stocks are being called to start the session slightly higher on the back of better-than-expected results out of BP and HSBC.
Focusrite earnings surge as it buys synth maker Sequential
Focusrite reported a 90. 9% improvement in group revenue in its first half on Tuesday, to £95. 3m, as it also announced the acquisition of synthesiser maker Sequential.
Serco secures Restart contracts with DWP
Public services provider Serco has been awarded two contracts by the UK Department for Work and Pensions to help people find jobs in the West Central region and Wales as part of Downing Street's Restart programme.
Aveva records double-digit revenue growth in H2, announces departure of CEO
Software firm Aveva said on Tuesday that it had achieved double-digit revenue growth during the second half of the year.
Civitas acquires 15 Welsh supported living facilities
Care-based housing and healthcare developer Civitas Social Housing has completed the acquisition of 15 supported living and care facilities in south Wales, it announced on Tuesday, for a total of £10. 9m excluding purchase costs.
HSBC beats first quarter profit forecasts, shares rise
HSBC saw first quarter profits more than double versus the year ago period, boosted by a reversal in its credit losses, profits across all major divisions, and with its European and US operations back in the black.
Rio Tinto chief legal officer leaving for UBS role
Rio Tinto announced on Tuesday that its chief officer of legal and external affairs Barbara Levi has accepted the position of group general counsel at UBS.
Whitbread swings to losses in pandemic-marred year
Whitbread’s said its financial performance for the 2021 financial year reflected the closure of the vast majority of its business in the first half on Tuesday, followed by a second half that after operating throughout August and September with occupancy levels of over 50% in the UK, saw market demand fall “significantly” from November onwards, as increasingly severe Covid-19 restrictions were once again implemented.
Big Yellow buys London site for £16.5m
Big Yellow said it had bought a site in London’s Kentish Town for £16. 5m and would seek planning permission for a 68,000 sq ft self-storage centre on the site.
IWG says it's hit bottom, reports strong demand in China and SE Asia
IWG said occupancy at its serviced offices "stabilised" and then "improved modestly" towards the end of the first quarter.
Entain ups offer for wagering unit of Australia's Tabcorp
Ladbrokes and Coral owner Entain has made an improved offer of AUD$3. 5bn (£1. 95bn) for the wagering and media division of Australia’s Tabcorp.
Halma acquires baby delivery technology firm PeriGen
Halma has acquired North Carolina-based PeriGen, it announced on Tuesday, for $58m (£42m).
BP reports better-than-expected profits, Halma agrees to acquire PeriGen
London open The FTSE 100 is expected to open flat on Tuesday, having closed up 0. 35% on Monday at 6,983. 12.
Tuesday newspaper round-up: Serco, Tesla, Brexit, Kuflink, British Airways, congestion charge
Two former senior executives at Serco have been cleared of hiding millions in profits from electronic tagging contracts with the government after their trial collapsed following three weeks of evidence. The prosecution’s move yesterday to ditch charges against Nicholas Woods and Simon Marshall is the latest blow to the Serious Fraud Office, after eight years investigating the allegations. - The Times.