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Adani Group said to be renegotiating loans
Adani Group tumbled overnight following reports the company is unable to repay its debt.
Food inflation soars to record 17.5% - Kantar
Grocery inflation has rocketed to 17. 5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.
GSK receives 'positive' results from endometrial cancer drug trial
Pharmaceutical giant GSK revealed on Tuesday that a recent trial on its endometrial cancer drug candidate showed the potential of the medication when used alongside chemotherapy.
Europe open: Shares make gains as banking worries abate
European shares made a positive start to the session as worries over the banking crisis caused by Silicon Valley Bank and Credit Suisse in recent weeks continued to abate.
United Utilities FY revenues seen lower
Water supply company United Utilities warned on Tuesday that 2022-23 full-year revenues were now expected to be roughly 1% lower than previous guidance.
Entain named preferred partner by TAB New Zealand
Gambling and gaming group Entain has struck a 25-year partnership with TAB New Zealand.
William Hill fined record £19.2m by UK regulator for social failings
UK gambling company William Hill has slapped with a record £19. 2m fine by the UK gambling regulator for customer protection and anti-money laundering failures.
Softcat sees FY outturn 'slightly ahead' after H1 outperformance
Softcat shares surged on Tuesday after the IT infrastructure products provider said it expects the outturn for the full year to be "slightly ahead" of previous estimates following outperformance in the first half.
BP, ADNOC to buy 50% of Israel's NewMed Energy for $4bn
BP and Abu Dhabi National Oil Co (ADNOC) have made a $4bn offer to buy 50% of Israeli offshore natural gas producer NewMed Energy and take it private.
Unbound shares surge after bid approach from WoolOvers
Shares in Hotter Shoes owner Unbound Group surged on Tuesday after the company said it was minded to accept a bid approach from WoolOvers Group valuing the business £6. 8m.
London open: Stocks gain as bank sector fears ease; Ocado rallies
London stocks gained in early trade on Tuesday as worries about the banking sector continued to ease.
Petershill falls to FY IFRS loss
Private equity firm Petershill Partners reported a full-year IFRS loss on Tuesday as it traded against "a volatile market backdrop" in its first year as a publicly listed company.
Wood Group profits at top end of guidance
Wood Group said on Tuesday that full-year profit was at the top end of its guidance range, thanks in part to solid performances from its consulting and operations businesses.
LondonMetric sells five assets for £34.8m
LondonMetric Property said it had sold five properties two transactions for £34. 8m at a 4% discount to September 30 book value.
Diageo chief executive to step down
Ivan Menezes, Diageo’s long-standing chief executive, is to retire after ten years at the helm, the drinks giant said on Tuesday.
Bitcoin drops below $27,000 after U.S. lawsuit against Binance
Bitcoin cuts positions and falls below $27,000 ($26,968) after U. S. lawsuit against Binance, the world's largest cryptoasset company, as well as its founder and CEO, Changpeng Zhao.
Halma buys FirePro, AG Barr profits rise
London open The FTSE 100 is expected to open 33 points higher on Tuesday, having closed up 0. 9% on Monday at 7,471. 77.
Ocado Retail sees revenues rise despite 'challenging' backdrop
Ocado Retail reported a rise in first-quarter revenues on Tuesday despite a fall in basket sizes, and said it remained on track to return to sales growth and profitability.
London pre-open: Stocks to rise as banking sector worries ease
London stocks were set to rise at the open on Tuesday as worries about the banking sector continued to ease.
Tuesday newspaper round-up: Royal Mail, private renters, Inmarsat
Long-running talks between Royal Mail and the Communication Workers Union are on the brink of collapse, with the company’s board thought to have threatened to put the loss-making postal service – the regulated UK entity that delivers to every address in the country – into a form of administration if a deal cannot be agreed. A politically explosive move to declare the postal service insolvent is regarded by Royal Mail’s board as a last resort but has been raised with the union already.