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Monday broker round-up
Experian: Deutsche Bank downgrades to sell with a target price of 1,800p.
Tesla to raise prices after rowing back on store closures
In another sudden reversal, Tesla is increasing the price of most of its electric cars after deciding to scale back its store closure programme, which is therefore now expected to yield fewer savings.
Ryanair's UK shareholders could lose rights in no-deal Brexit
Ryanair's UK investors could lose their rights in the company in a no-deal Brexit scenario because of the bloc’s regulations requiring airlines with EU licences to be majority-owned by shareholders from the club.
Pound pops as May secures 'legally binding changes' to Brexit deal
Theresa May “secured legally binding changes” to her Brexit deal during a hastily arranged trip to meet European Commission president Jean-Claude Juncker in Strasbourg on Monday night.
FX round-up: Traders forced to cover shorts as May packs bags for Strasbourg
News that the Prime Minister might be headed to Strasbourg for a last-ditch attempt to win concessions from Brussels saw skittish FX traders forced into pushing the pound higher.
Commodities: Brent and copper futures pace gains
Energy and base metals did best at the start of the week, with the former buoyed by news that Saudi was intending to maintain its output below the 10. 0m barrel a day mark in April, resulting in considerably fewer exports.
US close: Stocks close higher as investors ignore Boeing selloff
US stocks closed higher on Monday, with the Dow shaking off a triple-digit fall seen earlier in the session as a result of falling Boeing stocks in the wake of yet another tragedy involving one of its 737 Max 8 jets.
Europe close: Stocks bounce back as analysts sound more confident note
Stocks on the Continent put in modest gains on Monday, bouncing back from a modest pull-back over the preceding week, helped perhaps by what some economists said were 'green shoots' in the latest economic data.
Director dealings: Diageo chairman ups stake
Diageo chairman Javier Ferrán acquired 270 ordinary shares in the FTSE 100-listed drinks maker.
London close: Stocks edge up even as the pound leaps higher
London stocks edged higher on Monday, even as reports that the Prime Minister was on her way to Strasbourg for last minute talks with European Commission president Jean Claude Juncker sent the pound flying higher.
FTSE 250 movers: Charter Court and Onesavings buoyant on merger news
London's FTSE 250 was up 0. 06% at 19,058. 77 in afternoon trade on Monday, as merger news fuelled the index's rise.
Hutchison loss widens as China legislation hampers revenue
Hutchison China Meditech on Monday reported a drop in sales and increased annual loss after the implementation of new government policy in China.
Broker tips: Vodafone, IAG, Ocado, Marks & Spencer, Experian
Vodafone management should voluntarily cut the dividend to support deleveraging efforts and restore confidence to the under-pressure shares, said JPMorgan Cazenove on Monday.
Tuesday preview: All eyes on WA vote in Parliament
The focus on Tuesday will be on the vote in Parliament on the Prime Minister's proposal for the withdrawal agreement.
Pound wavers on conflicting reports ahead of meaningful vote
Sterling wobbled but recovered on Monday as reports emerged from Westminster that Theresa May was poised to pull the 'meaningful vote' on her Brexit deal.
Sector movers: Miners and financial services fuel progress
Fuelling market progress on Monday were gains for industrials, miners and financial services, while personal goods and general insurers were causing a drag.
FTSE 100 movers: NMC Health rallies on Barclays note; Persimmon drops
London's FTSE 100 was up 0. 3% at 7,127. 87 in afternoon trade on Monday, off earlier highs as sterling was lifted by reports that Theresa May is heading to Strasbourg to meet with Jean-Claude Juncker to finalise some kind of Brexit deal.
OPG Power Ventures confirmed restart of Chennai unit
OPG Power Ventures updated the market on its Chennai plant on Monday, having previously confirmed that the 180 MW ‘unit IV’ was shut down while turbine repairs were undertaken.
JP Morgan sees further gains for stocks after short-term consolidation
Strategists at JP Morgan recommend clients add to their positions in global equities in anticipation of further upside in the back half of the year.
British Land chairman John Gildersleeve to step down in July
British Land said on Monday that John Gildersleeve will step down as chairman at the conclusion of the annual general meeting in July.