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Evening Update Wednesday 26th April 2017

Election - Marine le Pen and Emmanuel Macron have begun campaigning for what promises to be a hard-fought second round of the presidential election. Le Pen has begun by referring to her opponent as "Hollande's Baby" in a television interview, in a bid to win over the party's voters. In 2002 Marine’s father, Jean-Marie Le Pen, also managed to reach the second round, but was beaten by Jacques Chirac.

Driving - Brand new smart speeding cameras are to be installed across the Alpes-Maritimes and the rest of France which can not only identify cars across four lanes but also tell if drivers are on phones or not wearing seatbelts. The new cameras will be operated by outsourced service providers meaning the profit incentive is likely to see a major increase in the number of enforcement notices issued according to motoring organisations.

Film Fest - American actor Will Smith, Actress Jessica Chastain and Italian director Paolo Sorrentino have all been announced as part of the jury of this year’s Cannes Film Festival. Will Smith and Jessica Chastain are both former Oscar nominees and will help choose the Palme d'Or winner. One contender is British director Lynne Ramsay, who’s latest thriller called ‘You Were Never Really Here’ stars Joaquin Phoenix.

BUSINESS

The French Finance Minister, Michel Sapin, has underlined the importance of currency control when it comes to Brexit. At the moment, nearly 80% of foreign exchange trading and 30% of all bank lending in the EU flows through the UK. Monsieur Sapin said it raises an issue of sovereignty, and security of European monetary markets, and therefore clearing houses cannot remain in London. Meanwhile Barclays Chief Executive Jes Staley has said access to talented workers after Brexit is tremendously important for the UK financial sector. He said immigration, rather than trade, would be the biggest issue for the City after Brexit.

Credit Suisse says it plans to raise 4bn Swiss francs from shareholders to strengthen its capital base. The Swiss lender put on hold a plan to sell shares in its domestic banking business, and posted a first quarter profit of 596m Swiss francs, compared to a 302m loss the previous year.

SPORT

Football - AS Monaco face off against Paris St Germain tonight for a place in the Coupe de la Ligue final. In the first round match, Paris claimed an emphatic 4-1 victory and head into the match on the back of a eight-match winning run. However, AS Monaco are in top form too, having reached the semi-finals of the Champions League with victory over Borussia Dortmund last week, which they followed up with Sunday's 2-1 league win at Lyon. It was their sixth straight win since that cup final defeat to PSG four weeks ago. Kick-off is at 9pm tonight.

OGC Nice have announced central defender Maxime Le Marchand will be out for the remainder of the season with the leg injury he picked up during Sunday’s ‘one all’ game with Toulon.

In the UK, Burnley midfielder Joey Barton has been banned for 18 months after admitting to placing over a thousand bets on matches between 2006 and 2016. Barton who said he is addicted to gambling was also fined £30,000.

Formula 1 - It’s been decided to prioritise the development of a a transparent shield device as a frontal driver head protection system. At the moment the only suitable head-protection device is the ‘halo’ - a metal frame that arches over the driver's head from behind his shoulders and meets at central point at the front of the cockpit. The FIA has said the controversial halo, tested by all teams last year, would be used next season if a shield did not work.

Rugby - Ireland international prop Mike Ross is to retire at the end of this season. The 37-year-old Leinster forward has won 61 caps, was part of two Six Nations title-winning squads and represented Ireland at the 2011 and 2015 World Cups.

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