Latest News
Steppe Cement third quarter revenue slips
Kazakhstan-focussed construction materials supplier Steppe Cement updated the market on its third quarter on Monday, reporting a 10% fall in revenue year-on-year to KZT 10. 56bn (£22m).
Kaspi.kz pulls London listing amid 'uncertain' market conditions
Kazakh financial group Kaspi. kz has pulled its debut on the London Stock Exchange, blaming "unfavourable and uncertain" market conditions.
GE to freeze pension plan for 20,000 US employees as it looks to cut debt
General Electric announced on Monday that it was freezing its pension plan for around 20,000 US employees with salaried benefits as it looks to cut debt.
HSBC slashes target for Carnival, downgrades to 'hold'
HSBC slashed its target price for shares of Carnival - downgrading its recommendation from 'buy' to 'hold' - after the cruiseline operator lowered its outlook for yield growth, management's commentary around worsening bookings for financial year 2020, increasing capacity growth relative to its peers, and risks to the firm's share buybacks.
FCA probes into cryptocurrency firms surge
Investigations by Financial Conduct Authority’s into potential wrongdoing at cryptocurrency firms have jumped more than 70% over the last 12 months.
ShoreCap upgrades Sainsbury to 'hold' on valuation grounds
Analysts at ShoreCap raised their recommendation on Sainsbury's shares from 'sell' to 'hold' on valuation grounds, but shied away from recommending a 'buy' following the recent loss of Argos Sainsbury boss, John Rogers, and the likelihood of a flat medium-term earnings trajectory for the grocer.
Berenberg reiterates 'buy' rating on Smith and Nephew
Analysts at Berenberg retained their 'buy' rating on medical equipment manufacturer Smith & Nephew on Monday but slightly lowered their price target on the group from 2,265p to 2,250p.
US pre-open: Stocks set to open lower ahead of trade talks
US futures had stocks opening lower on Monday as market participants looked ahead to a meeting between US and Chinese trade officials later in the week with some scepticism.
Europe midday: Stocks rise ahead of US-China talks
European stocks were higher at lunchtime on Monday as investors awaited the restart of trade talks between the US and China, though weak German data soured the mood.
Asia report: Markets mixed ahead of US-China trade talks
Markets in Asia finished in a mixed state on Monday, as investors held their collective breath ahead of the anticipated next round of trade talks between the United States and China.
Hong Kong protests turn violent after face-mask ban
Anti-government marches in Hong Kong turned violent over the weekend after tens of thousands of demonstrators took to the streets following a ban on face masks.
Monday broker round-up
Royal Dutch Shell: Goldman Sachs reiterates buy with a target price of 3,200p.
Sports Direct denies report it's closing HoF stores
Mike Ashley's Sports Direct said on Monday that it is not planning on closing a large number of House of Fraser stores in the new year.
UK retailers endure worst September on record - BRC
UK retailers endured the worst September on record as Brexit uncertainty took its toll, according to figures released by the British Retail Consortium on Monday.
Beijing 'narrows scope' of trade talks with Washington - report
Hopes of a significant breakthrough in the increasingly damaging US-China trade war are fading, according to reports.
London midday: Stocks pop higher but gains muted amid slowdown fears; SIG tumbles
London stocks had popped into the green by midday on Monday, but worries about a global slowdown and jitters ahead of this week's Sino-US trade talks kept a lid on gains.
UK house price growth hits a six-year low in September
House prices grew at their slowest pace since April 2013 last month, in keeping with the predominantly flat trend seen over recent months.
Unilever to reduce plastic packaging by 50%
Unilever vowed to reduce its use of virgin plastic packaging by half by 2025 and to shift towards making greener versions of it.
HSBC to cut up to 10,000 jobs globally
HSBC is planning to cut up to 10,000 jobs worldwide as part of a cost-cutting move, according to reports published on Sunday.
Investor confidence crumbles across the eurozone - survey
Investor confidence in the eurozone has tumbled, reversing the modest improvements seen a month earlier to reach the lowest point since 2013, a well-regarded survey showed on Monday.