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Yellow Cake buys another 343,000 pounds of uranium
Specialist uranium investment company Yellow Cake has purchased 343,053 pounds of triuranium octoxide in the market at a price of $29. 15 per pound, it announced on Tuesday, for $10m (£7. 07m).
AstraZeneca shareholders approve Alexion acquisition
AstraZeneca’s acquisition of Alexion Pharmaceuticals is set to close in the third quarter after shareholders voted in favour of the deal.
Lockdown pushes City Pub into the red as revenues slide
The City Pub Group saw revenues slide last year after the pandemic temporarily closed venues, pushing it into the red.
Pressure Technologies taps James Locking for CFO spot
Specialist engineering group Pressure Technologies named James Locking as its permanent chief financial officer on Tuesday, appointing him to the company's board with immediate effect.
Prince International to buy Ferro Corp in $2.1bn deal
Shares of Ferro Corporation surged in pre-market trade on Tuesday after the paint maker agreed to be bought by Prince International in an all-cash deal valued at around $2. 1bn.
Agronomics raising at least £50m to invest further in portfolio
Cultivated meat and alternative proteins company Agronomics announced a conditional subscription and a conditional placing to raise a minimum of £50m before expenses on Tuesday, to finance further investment in its current portfolio.
NFIB small-business optimism index advances to pandemic-era high in April
Both small and large US businesses moved to increase wages and benefits as part of an effort to attract workers amid rising demand for their goods and services, according to the National Federation of Independent Business' small-business optimism index advancing 1. 6 points in April to a pandemic-era high of 99. 8.
Goldman Sachs adds Vodafone to 'Conviction List'
Goldman Sachs added buy-rated Vodafone to its ‘Conviction List’ on Tuesday, with its thesis predicated on the company’s "superior structural growth, compounded by best-in-class digital efficiencies, driving sector-leading free cash flow and returns improvement".
Tesla halts purchase of Shanghai land over US-China tensions
US electric car maker Tesla halted plans to buy land in Shanghai to expand its plant and turn it into a global export hub due to the ongoing geopolitical tensions.
US pre-open: Futures in the red as tech sell-off continues
Wall Street futures had stocks opening lower ahead of the bell on Tuesday as yesterday's tech sell-off looked set to continue for another session.
Tech giants call for US funding of semiconductor chip production
Top tech giants Apple, Microsoft and Google joined top chip-makers in calling for the US government to subsidise chip manufacturing amid a global supply shortage.
Shares surge as Revolution predicts stronger-than-expected end to the year
Revolution Bars Group has forecast a stronger-than-expected end to the year, sending the shares higher, after a bumper re-opening month.
STM Group profits slip as it focuses on core services
Financial services provider STM Group reported underlying revenue of £24m in its final results on Tuesday, up from £22. 9m in the prior year.
Conygar positive as Island Quarter development moves forward
Conygar Investment Company reported an interim net asset value of £86. 7m in its half-year results on Tuesday, or 164p per share, as its total cash deposits stood at £23. 9m, or 45. 3p per share.
Vector Capital upbeat on post-float performance
Property development commercial lender Vector Capital updated the market on its trading on Tuesday, reporting that its loan book stood at £38. 6m on 31 March, up from £36. 4m on 31 December and £33. 6m a year earlier.
London midday: Stocks slump amid inflation fears
London stocks were firmly in the red by midday on Tuesday as worries about rising inflation rattled markets.
Advance Energy confirms drilling plans for Buffalo-10
Energy investment company Advance Energy updated the market on drilling plans at Buffalo-10 on Tuesday, confirming that Carnarvon Petroleum was expecting to drill in the fourth quarter.
China's factory gate prices jump
Factory prices continued to push higher in China, rising at their fastest rate since October 2017, official data showed on Tuesday.
Europe open: Shares extend losses as inflationary fears rise again
European shares extended losses at lunchtime on Tuesday as fears of rising US inflation after a sharp sell-off in tech stocks on Wall Street overnight spooked investors.