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Avation delivers ex-Virgin ATR to regional Australian airline
Commercial passenger aircraft leasing company Avation has delivered an ATR 72-500 turboprop aircraft to the Australian airline Hevilift, it announced on Tuesday.
Hipgnosis manager enters $1bn partnership with Blackstone
Music intellectual rights specialist Hipgnosis Song Management and NYSE-traded investment manager Blackstone announced a new partnership on Tuesday, backed by funds managed by Blackstone, which would initially deliver $1bn (£0. 73bn) to acquire music rights and manage catalogues.
Deutsche Banks initiates coverage of Polymetal at 'hold'
Deutsche Bank initiated coverage of Polymetal on Tuesday with a ‘hold’ rating and 1,200p price target.
Berenberg cuts target price on Asos
Analysts at Berenberg lowered their target price on fast-fashion retailer Asos from 6,500. 0p to 5,500. 0p on Tuesday, stating the firm's near-term outlook had been impacted by Covid-19-related volatility.
Glaxo's consumer arm drawing interest from private equity - report
GlaxoSmithKline shares topped the FTSE 100 index on Tuesday following a report that the pharmaceuticals giant’s consumer unit was drawing interest from private equity firms in what could lead to the biggest buyout of all time.
UK govt departments face £2bn in spending cuts despite tax rises - IFS
UK government departments face deep budget cuts of more than £2bn even as Finance Minister Rishi-Sunak increases taxes to their highest peacetime level, a leading financial thinktank said on Tuesday.
UK grocery sales fall as fuel crisis keeps shoppers at home
UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
EasyJet ramps up Q1 capacity as FY losses hit £1bn
Low-cost airline easyJet said it expected to post annual losses of more than £1bn due to the Covid pandemic, but added that it turned cash positive in the final quarter of the financial year driven as demand improved.
London midday: Stocks maintain losses amid inflation woes
London stocks were still in the red by midday on Tuesday amid worries about inflation and Chinese property group Evergrande, as investors digested the latest UK jobs data.
IHG kicks off hunt for new chairman - report
InterContinental Hotels Group has reportedly started the search for a successor to its veteran chairman Patrick Cescau.
Europe midday: Shares narrow losses but inflation jitters persist
European stocks narrowed losses at midday on overcoming as weak US markets and news of China Evergrande missing a third bond payment hit sentiment.
HSBC downgrades Fevertree despite 'strong' sales in Germany, Italy and US
HSBC analysts downgraded their recommendation for shares of Fevertree from 'buy' to 'hold', telling clients that they now saw "limited upside" in the share price.
German investor sentiment slumps amid raw materials shortage
German investor sentiment deteriorated more than expected in October amid shortages of raw materials, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Chaarat completes drilling programme at Kyzyltash
Armenia-focussed mining company Chaarat Gold announced the completion of the Kyzyltash 2021 drilling programme on Tuesday, which intersected significant high-grade gold intercepts within the current JORC-compliant measured, indicated and inferred ("M,I&I") sulphide resource of 5. 4 million ounces at 3. 8 grams per tonne.
Asia report: Markets weaker as energy prices rise
Markets were in the red across Asia on Tuesday, as oil prices rose, with an electric vehicle affiliate of the embattled China Evergrande jumping higher in Hong Kong after a production announcement.
Evergrande misses latest bond payment deadline - reports
Troubled Chinese property developer Evergrande has missed another round of bond payments, it was reported on Tuesday.
Maersk diverts large vessels from Felixstowe due to port being crowded
Container shipping company Maersk has been forced to divert its large vessels away from the UK as a result of the country's main port being packed full of containers.
Marley postpones IPO due to market volatility
Roofing specialist Marley Group said on Tuesday that it was postponing plans to list on the London stock market due to market volatility.
Enwell reports progress at Ukraine operations
Oil and gas exploration and production company Enwell Energy updated the market on its operational activities in Ukraine on Tuesday, where it operates the Mekhediviska-Golotvshinska (MEX-GOL), Svyrydivske (SV) and Vasyschevskoye (VAS) gas and condensate fields, as well as the Svystunivsko-Chervonolutskyi (SC) exploration licence.
Calnex experiences 'continued strong levels of trading' in H1
Telecommunications equipment company Calnex Solutions said on Tuesday that it had experienced "continued strong levels of trading" in the first half of the year, a trend it expects to continue through the second half.