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FTSE 100 movers: Hargreaves Lansdown rallies; Phoenix hit by downgrade
London’s FTSE 100 was up 0. 9% at 7,505. 02 in afternoon trade on Monday.
Risk/reward for equities 'not all bad' heading into year-end, says JPMorgan
JPMorgan Cazenove said on Monday that the risk/reward for equities is "not all bad" as we head into year-end.
Pfizer to buy Global Blood Therapeutics in $5.4bn deal
Pfizer has agreed to buy biopharmaceutical group Global Blood Therapeutics for $5. 4bn in cash.
London midday: Stocks maintain gains as investors mull China data
London stocks were still in the black by midday on Monday as investors mulled the latest trade data out of China.
Veolia to sell Suez UK waste business to Macquarie for €2.4bn
French utility Veolia has agreed to sell Suez’s UK waste business to Australia’s Macquarie for around €2. 4bn to address the concerns of the UK’s Competition and Markets Authority.
JPMorgan upgrades L&G, downgrades Phoenix
In a note on the UK life insurance sector on Monday, JPMorgan Cazenove upped its stance on Legal & General but downgraded M&G and Phoenix Group.
Joules confirms talks with Next over £15m minority stake
Joules confirmed on Monday that it is in talks with retailer Next about the acquisition of a £15m stake in the lifestyle brand.
TheWorks slashes FY23 outlook, shares tumble
TheWorks slashed its outlook for FY23 on Monday, pointing to a deteriorating market outlook, low consumer confidence and rising inflation, sending shares in the arts and crafts and stationery retailer tumbling.
PageGroup H1 profits grow but outlook cautious
PageGroup backed its full-year expectations on Monday as it posted a rise in first-half pre-tax profit and revenue, but also struck a note of caution in its outlook, sending shares in the recruiter sliding.
London open: Stocks gain as investors digest China trade figures
London stocks rose in early trade on Monday as investors mulled the latest trade data out of China.
Oz Minerals rejects AUD8.3bn takeover offer from BHP
BHP said on Monday that it made an AUD8. 3bn takeover bid for Oz Minerals that was rejected.
London pre-open: Stocks seen up after mixed Asian session
London stocks were set to rise at the open on Monday following a mixed session in Asia.
Clarkson, PageGroup post jump in first-half profit
London pre-open The FTSE 100 was called to open 10 points higher at 7,458.
Monday newspaper round-up: City workers, energy bills, National Grid
City workers received double-digit wage rises while people on the lowest incomes were paid annual increases of just 1% in the last year, according to a study that illustrates the ability of better-paid workers to protect themselves from the cost of living crisis. The CEBR (Centre for Economics and Business Research) said workers in the banking and insurance sector had secured inflation-busting increases together with lawyers, accountants and professional services staff, mainly among those working in London’s financial district.