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Europe open: Stocks extend win streak as Sweden cuts rates
European stocks rose for the sixth straight day on Tuesday as the Stoxx 600 index inches closer to record-high levels as hopes increased that looser monetary policy will fuel more gains.
Drax strikes £450m sustainability-linked RCF
Power generation business Drax said on Tuesday that it has struck a new sustainability-linked £450. 0m revolving credit facility.
Gran Tierra agrees £174m acquisition of i3 Energy
Gran Tierra Energy has agreed to acquire i3 Energy, it was announced on Tuesday morning, in a cash and share deal worth £174. 1m.
Trading suspension lifted as MobilityOne reports full-year losses
E-commerce infrastructure payment specialist MobilityOne announced its audited financial results for the year ended 31 December on Tuesday, allowing trading in its shares to resume.
Wood Group swings to H1 operating loss but FY guidance maintained
Wood Group said on Tuesday that it swung to an operating loss in the first half as revenue fell, but the engineering firm backed its outlook for this year and the next.
Diversified Energy acquires $69m package of East Texas gas assets
Diversified Energy announced a conditional agreement to acquire a package of natural gas assets in eastern Texas on Tuesday, for $69m.
GSK lung cancer drug gets FDA breakthrough designation
Pharmaceutical giant GSK announced on Tuesday that the US Food and Drug Administration (FDA) has granted breakthrough therapy designation to its investigational drug, GSK5764227 (GSK'227), for the treatment of patients with extensive-stage small-cell lung cancer (ES-SCLC) who had experienced disease progression following platinum-based chemotherapy.
Antofagasta's first-half profits fall as expected
Copper miner Antofagasta reported a 7% drop in half-year profits as higher prices were offset by falling volumes and higher depreciation and amortisation, though the bottom line came in slightly ahead of market forecasts.
Weir wins £53m Pakistan contract, GSK lung cancer drug gets breakthrough designation
London open The FTSE 100 is expected to open 32 points lower on Tuesday, having closed up 0. 55% on Monday at 8,356. 94.
London pre-open: Stocks seen down despite Wall St gains
London stocks were set to fall at the open on Tuesday despite a solid session on Wall Street.
Weir wins £53m contract at Barrick's Reko Diq project
Mining tech group Weir has been awarded a £53m contract on the Reko Diq copper-gold project in Pakistan, a greenfield development part-owned by Barrick Gold Corporation that is said to be one of the largest mines of its kind in the world.
Tuesday newspaper round-up: Missing yacht, City Airport, energy bills
Morgan Stanley International chairman Jonathan Bloomer is among those missing after a yacht carrying UK tech entrepreneur Mike Lynch sank off the coast of Sicily during a violent storm, an Italian official has said. Salvatore Cocina, head of the civil protection agency in Sicily, said Bloomer and Chris Morvillo, a lawyer at Clifford Chance, were among the six people missing. Lynch and his 18-year-old daughter, Hannah, were also unaccounted for as of late Monday. – Guardian.
US close: Stocks extend gains as rate-cut expectations rise
US stocks delivered another day of gains on Monday, helped by dovish comments from a prominent Federal Reserve policymaker, as the S&P 500 and Nasdaq extended their winning streaks into the eight straight session.