Full List Of Stories
London close: Stocks finish weaker as retail sales fall further
London stocks settled weaker on Tuesday, weighed down by disappointing updates from the likes of British American Tobacco and Bellway.
Global air industry to lose $84bn in 2020, says IATA
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry for the year on Tuesday, reporting that airlines were expected to lose $84. 3bn (£65. 5bn) in 2020, for a net profit margin of negative 20. 1%.
Rockfire Resources upbeat on data reprocessing at Plateau
Gold and base metal exploration company Rockfire Resources released the results of three dimensional reprocessing of aeromagnetic data on Tuesday, flown in 2011 by Ramelius Resources at its wholly-owned Plateau gold deposit, on the Lighthouse tenement in north Queensland, Australia.
Destiny Pharma awarded grant for Cardiff research collaboration
Clinical-stage biotechnology company Destiny Pharma has been jointly awarded a National Biofilms Innovation Centre (NBIC) grant to fund a research collaboration with Cardiff University, it announced on Tuesday.
Omega expands Covid testing work, stops allergy development
Omega Diagnostics updated the market on a number of fronts on Tuesday, announcing the signing of a longer-term supply agreement with Mologic, first orders for the Covid-19 ‘ELISA’ test, and the signing of an additional material transfer agreement with Mologic.
Hutchison Chi-Med venture to surrender unused land in Guangzhou
Hutchison China MediTech, trading as ‘Chi-Med’, announced on Tuesday that Hutchison Whampoa Guangzhou Baiyunshan Chinese Medicine Company (HBYS) - its 50-50 joint venture with Guangzhou Baiyunshan Pharmaceutical Holdings - has agreed the planned return of its remaining 34 years land-use rights on its 30,000 square metre unused site in Tong He Town with the Guangzhou government.
Ormonde Mining to advance work programme in Spain
Ormonde Mining updated the market on its Spanish gold projects and advances in its ongoing review of opportunities on Tuesday, reporting that a “cost-effective” work programme would be advanced at some of its existing projects in Spain.
SigmaRoc reports 'resilience' as markets start to recover
Construction materials company SigmaRoc updated the market on its trading for the first five months of 2020 on Tuesday, reporting unaudited revenues of £42m for the year to 31 May.
RWS buys Iconic Translation Machines and Webdunia
Language, intellectual property support and localisation company RWS Holdings announced the acquisitions of Iconic Translation Machines for an initial $10m (£7. 9m), with deferred consideration of up to $10m in RWS shares, and Webdunia India for total cash of $21m on Tuesday.
Bahamas Petroleum Company awarded offshore Uruguay licence
Bahamas Petroleum Company announced on Tuesday that it has been awarded the ‘Area OFF-1’ petroleum licence, offshore Uruguay.
Revenue and profits fall at CML Microsystems
Semiconductor manufacturer CML Microsystems reported group revenues of £26. 42m in its final results on Tuesday, down from £28. 14m year-on-year.
Schroder Real Estate postpones dividend amid Covid crisis
Schroder Real Estate Investment Trust reported a total of £95m of disposals since January 2019 in its full-year results on Tuesday, at an average net initial yield of 3. 0%, as it postponed its dividend.
CLIG to merge with US-based Karpus Management
City of London Investment Group (CLIG) has entered into a merger agreement to acquire US-based investment business Karpus Management (KMI) on a debt-free basis, it announced on Tuesday.
Asia report: Markets mostly higher after surge on Wall Street
Markets in Asia were in a mixed state as they closed on Tuesday, although most were in the green, as investors cheered a stellar session on Wall Street overnight which saw the S&P 500 enter positive territory for 2020.
Bellway maintains forward sales as offices reopen
Bellway updated the market on its operations on Tuesday, reporting that construction activity had restarted at around 230 sites, while all remaining sales offices reopened in England on 1 June.
BAT lowers full-year guidance, Aveva leaves final dividend unchanged
London open The FTSE 100 is expected to open five points higher on Tuesday, having closed down 0. 18% at 6,472. 59 on Monday.