* BP: BP made a profit of $5 billion in the first
quarter of 2023, up from the previous three months on the back
of strong oil and gas trading, but the company's shares fell as
it slowed a share buyback programme.
* RESTAURANT GROUP: Restaurant Group expects
profit margins to improve in the medium-term as more
customers dined at its Wagamama restaurants and pubs in the
first quarter, sending shares of the company up more than 10% in
early trade.
* SUPERDRY: Struggling British fashion brand Superdry is in
"positive" talks with investors regarding an equity raise of up to 20%, it said on Tuesday.
* FERREXPO: Ukraine-focused miner Ferrexpo said
on Tuesday that Jim North will
step down as chief executive officer effective June 30, after nine years with the group, to pursue other opportunities.
* HSBC: HSBC Holdings' profit tripled in the first
quarter, beating expectations, as rising interest rates boosted
its income and helped the lender pay its first quarterly
dividend since 2019.
* OIL: Oil prices held steady during Asian trade on Tuesday
amid mixed data from China, and as the market weighed forecasts
of declining crude stockpiles with expectations of a U.S.
interest rate hike.
* GOLD: Gold prices were flat on Tuesday, as cautious market
participants awaited fresh cues from top central banks on their
monetary policy plans, especially from the U.S. Federal Reserve.
* London's blue-chip FTSE 100 edged higher on Tuesday,
boosted by a jump in HSBC shares after the lender's quarterly
profit tripled, though overall gains were limited by weakness in
energy stocks.
* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting by Muhammed Husain in Bengaluru)
