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FTSE 250 movers: Commodity stocks, Direct Line Group and Taylor Wimpey unloved
Commodity-related issues were weakest on the second-tier index at the start of the week as investors continued to shy away from that segment of the stock market.
Morgan Stanley upgrades BT to ‘overweight’, says overhangs are easing
Morgan Stanley upgraded its stance on shares of telecoms company BT Group on Monday to ‘overweight’ from ‘equalweight’ and lifted the price target to 200p from 125p as it argued that overhangs are easing.
FTSE 100 movers: Renishaw surges; BT boosted by upgrade
London’s FTSE 100 was flat at 6,736. 07 in afternoon trade on Monday.
JPMorgan upgrades Taylor Wimpey, downgrades Barratt
JPMorgan Cazenove downgraded Barratt Developments on Monday but upgraded Taylor Wimpey as it took a look at the UK housebuilding sector.
Retail footfall rises ahead of lockdown easing - Springboard
Footfall across UK retail destinations rose again last week on the anniversary of the first national lockdown and as the easing of restrictions on non-essential shops draws closer, according to the latest data from retail analysts Springboard.
Renishaw rallies on reports of interest from Danaher, Hexagon
Renishaw shares rallied after Bloomberg reported late on Friday that the engineer, which has put itself up for sale, is attracting initial interest from Danaher and Swedish rival Hexagon AB.
London midday: Stocks little changed as investors brush off Archegos fire sale
London stocks were still little changed by midday on Monday as investors took a fire sale by hedge fund Archegos Capital in their stride.
Mortgage approvals fall more than expected in February
UK mortgage approvals fell more than expected in February ahead of the original stamp duty holiday deadline, according to figures released on Monday by the Bank of England.
BlueRock sells three diamonds for $214,000
BlueRock Diamonds has sold three recently-recovered diamonds for a total of $214,000.
London open: Stocks little changed as restrictions ease
London stocks were little changed in early trade on Monday as investors weighed up recovery hopes against the fallout from Archegos’s fire sale.
James Fisher finance director Kilpatrick to step down
Marine services company James Fisher said on Monday that Stuart Kilpatrick plans to step down from his role as finance director at the annual meeting on 29 April, after more than ten years' service.
LXI REIT makes 7 long income acquisitions in the grocery sector
LXI REIT said on Monday that it has made seven separate long income acquisitions in the grocery sector from six different developers for £85m, following its £125m capital raise earlier in the month.
London pre-open: Stocks seen muted as restrictions ease
London stocks were set for a muted open on Monday as Covid restrictions in England ease, with groups of six or two households now allowed to meet outdoors.
Monday newspaper round-up: Liberty Steel, Amigo, Arcadia Group
Concerns for the future of Liberty Steel and its 3,000 UK workers have grown after the government rejected its parent company’s plea for a £170m rescue loan. The rejection has added to the pressure on Liberty Steel, part of the business empire built up by the industrialist Sanjeev Gupta. Gupta has been urgently seeking extra funding for the business in the three weeks since the collapse of a key financial backer, Greensill Capital. - Guardian.