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German business sentiment unexpectedly improved in January, according to a survey released on Tuesday by the Ifo Institute.
Amigo Holdings shares tumbled again on Tuesday after the guarantor lender announced the departure of chief financial officer Mike Corcoran.
RBC Capital Markets downgraded fast-fashion retailer Boohoo to ‘sector perform’ from ‘outperform’ on Tuesday, slashing the price target to 150p from 330p.
London stocks rose in early trade on Tuesday, recovering from heavy losses in the previous session and taking their cue from a positive close on Wall Street.
UK government borrowing fell more than expected in December thanks to improved tax revenues, according to figures released on Tuesday by the Office for National Statistics.
London stocks were set to rise at the open on Tuesday following heavy losses in the previous session.
Mark Zuckerberg has announced his social media empire is building what he claims is the world’s fastest artificial intelligence supercomputer as part of plans to build a virtual metaverse. The Facebook founder said in a blogpost that the metaverse, a concept that blends the physical and digital world via virtual and augmented reality, will require “enormous” computing power. The AI supercomputer, dubbed AI Research SuperCluster (RSC) by Zuckerberg’s Meta business, is already the fifth fastest in the world, the company said.
London’s FTSE 100 was down 2. 3% at 7,323. 40 in afternoon trade on Monday.
Cake Box noted the slump in its share price on Monday and cited recent commentary from a retail investor blogger regarding transcription errors in its full-year results.
Bank of America Merrill Lynch upgraded Hargreaves Lansdown to ‘buy’ for the first time on Monday as it said the company’s gearing to rate rises and potential benefits from increased engagement in share trading are underappreciated.
London stocks were firmly in the red by midday on Monday after a survey showed that business growth in the UK slid to an 11-month low in January, while growing tensions between Russia and Ukraine also weighed on sentiment.
Jefferies downgraded its recommendation on three UK housebuilders on Monday as it assessed the impact of cladding issues.
Singapore state-owned investor Temasek was said to be nearing a deal to buy Bridgepoint’s testing business Element Materials Technology for almost $7bn.
Vodafone has reportedly explored a potential acquisition of rival Three UK and been in talks about a potential merger of its Italian business with Iliad.
London stocks edged lower in early trade on Monday as tensions grew between Russia and Ukraine, with all eyes on this week’s US Federal Reserve meeting.
De La Rue warned over full-year profits on Monday, pinning the blame on Covid-related disruptions and supply chain issues, sending shares in the banknote printer tumbling.
Russian gold producer Petropavlovsk has appointed Stanislav Ploshchenko as chief financial officer based in Moscow with immediate effect, succeeding Danila Kotlyarov.
London open The FTSE 100 was called to open 24 points lower at 7,470.
London stocks were set to fall at the open on Monday as tensions between Russia and Ukraine grow.
Britain’s biggest cities have lost almost a year’s worth of sales during the coronavirus pandemic as lockdowns and a lack of office workers and tourists caused a collapse in consumer spending. As offices have started to reopen following the relaxation of plan B restrictions, the Centre for Cities said Covid-19 had “levelled down” historically more prosperous high street destinations. - Guardian .