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Asia report: Technology names lead region higher on Tuesday
Markets in Asia were on the front foot at the end of the day on Tuesday, with technology plays leading the charge, although Australia’s bourse was weaker after the release of the Reserve Bank’s latest minutes.
CMA to probe music streaming
The UK competition watchdog is launching a preliminary investigation into music streaming, it was announced on Tuesday.
Wise Q2 revenues rise as customer numbers improve
Money transfer firm Wise said on Tuesday that quarterly revenues had grown on the back of increased customer levels throughout the period.
Heathrow ups passenger charges to recoup losses
The aviation regulator has allowed Heathrow to increase passenger charges but has rejected the airport's request to almost double the fees to help it recover from the pandemic.
Hochschild Mining announces plans to demerge Aclara
Hochschild Mining announced its intention to demerge shares representing 80% of its indirect wholly-owned subsidiary Aclara Resources on Tuesday, and for Aclara to list on the Toronto Stock Exchange.
Berenberg upgrades easyJet, downgrades IAG
Berenberg changed its ratings on a number of airline stocks on Tuesday, upgrading budget carrier easyJet but downgrading IAG, as it refreshed its bottom-up capacity model for the European airline market.
RHI Magnesita buys Turkey's SORMAS as input costs rise
RHI Magnesita said demand was still strong for both its steel and industrial businesses in the September quarter on Tuesday, with its raw material assets and refractory plants operating at high capacity utilisation, and order book visibility extending into the first quarter of 2022.
Diversified Energy boosts investor relations after leak allegations
Diversified Energy announced a capital markets day and a new head of investor relations as the energy group sought to shore up confidence following a critical press report.
Boehringer Ingelheim licenses Oxford Biomedica's lentiviral vector technology
Gene and cell therapy firm Oxford Biomedica said on Tuesday that pharmaceutical giant Boehringer Ingelheim had exercised its option to license its lentiviral vector technology to manufacture, register and commercialise a treatment for cystic fibrosis.
London open: Stocks steady as investors eye US earnings
London stocks were steady in early trade on Tuesday amid worries about rate hikes and as investors eyed key US earnings later in the session.
"Strong demand for Bitcoin's first ETF will drive the price to $70,000"
Bitcoin´s made history again. The cryptocurrency scored another milestone by achieving the first exchange-traded fund in the digital asset world, based on futures, to pass all the formalities of the US Securities and Exchange Commission (SEC). ProShares is the firm that won the day, culminating nearly a decade of attempts by the ETF industry to launch such an investment vehicle.
Rio Tinto strategy and development head steps down
Mining giant Rio Tinto revealed on Tuesday that strategy and development head Peter Toth had accepted a new position outside of the company.
Europe open: Shares edge ahead as Bellway results please
European shares edged ahead at the open on Tuesday as investors stayed on the sidelines ahead of more major corporate US earnings later in the day.
888 to take $10m hit from Dutch closure
888 Holdings reported higher third-quarter revenue but said $10m would be knocked off 2022 profit after it was forced to close its Dutch operation.
BHP iron ore production hit by train driver shortage
BHP Group on Tuesday reported a fall in first-quarter iron ore output due to a shortage of train drivers to ship the commodity as a result of Australian Covid-19 border restrictions.
IntegraFin funds under management grow in Q4
Transact owner IntegraFin posted a rise in fourth-quarter funds under direction on Tuesday as inflows continued to outperform previous years.
Moneysupermarket to buy Quidco for up to £101m as Q3 sales fall 10%
Online price comparison platform Moneysupermarket. com said it was buying consumer cashback website Quidco for up to £101m as it said third-quarter revenue fell 10% in the face of more competition for insurance visitors.
London pre-open: Stocks to nudge higher after upbeat Asian session
London stocks were set to nudge just a touch higher at the open on Tuesday following losses the previous day and after a positive session in Asia, as investors eye more earnings news.
Meggitt sees takeover completing in 2022 despite govt intervention
UK aerospace and engineering firm Meggitt said it still expected its £6. 3bn takeover by US rival Parker-Hannifin to complete next year despite a UK government intervention on national security grounds.
Moneysupermarket buying cashback website Quidco, Bellway hikes final dividend
London open The FTSE 100 is expected to open 12 points higher on Tuesday, having closed down 0. 42% at 7,203. 83 on Monday.