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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 .