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Barclays upgrades Ashmore, downgrades Man Group
Barclays upgraded its stance on Ashmore on Monday but downgraded Man Group as it reviewed UK and European asset managers.
Diaceutics beats expectations on revenue and earnings
Pharmaceutical data analytics and implementation services provider Diaceutics updated the market on its trading for the year ended 31 December on Monday, reporting that as a result of a strong trading performance in the final quarter, underpinned by an increase in the number of clients and an accelerated growth in product sales, its revenue and adjusted EBITDA for the year were expected to be around £13. 4m and above £2. 1m, respectively.
Victrex announces new manufacturing joint venture in China
Victrex announced the creation of a joint-venture between its subsidiary, Victrex Hong Kong, and Yingkou Xingfu Chemical Company on Monday, to build and operate a new ‘PEEK’ polymer manufacturing facility in Liaoning, China, subject to certain performance conditions, including finalising land purchase and permit applications.
Flybe in crisis talks over its future - reports
Regional carrier Flybe is holding crisis talks over its future, including briefing government, as it seeks emergency funding, it was reported on Monday.
UK regulator set to ban online credit card bets - report
The gambling industry watchdog is preparing to ban bookmakers from taking credit card deposits for betting online to protect vulnerable customers, the Guardian reported citing unnamed sources.
RBC Capital downgrades Ted Baker, upgrades Superdry
RBC Capital Markets upgraded its stance on Superdry on Monday but downgraded its recommendation on Ted Baker as it took a look at premium apparel stocks.
City Pub Group warns on profits
City Pub Group warned on profits on Monday as it said the Rugby World Cup did not provide the boost expected, while the weather and political uncertainty also dented sales.
Travis Perkins sells Primaflow F&P for £46m
Builders’ merchant Travis Perkins has announced the sale of its wholesale plumbing & heating business, Primaflow F&P, for £46m in cash.
AstraZeneca upbeat on 'Lynparza' decision, closes 'Epanova' trial
AstraZeneca and its partner MSD announced that a supplemental New Drug Application for ‘Lynparza’ - olaparib - in combination with bevacizumab, has been accepted and granted priority review status in the United States for the maintenance treatment of patients with advanced ovarian cancer who are in complete or partial response to first-line platinum-based chemotherapy with bevacizumab.
Hikma inks exclusive agreement with Chiesi Farmaceutici
British pharmaceutical company Hikma has inked an exclusive licensing and distribution agreement with Chiesi Farmaceutici, a research-focused business headquartered in Italy.
Assura makes 'strong' progress in Q3
Primary care property investor Assura told investors on Monday that it had continued to make "strong progress" during the third quarter.
Spirent lifts 2019 profit guidance after strong Q4
Telecoms company Spirent Communications increased its full year profit guidance as customers continued to invest in 5G infrastructure.
London open: Stocks edge higher ahead of data slew
London stocks edged higher in early trade on Monday as investors eyed a slew of UK data releases and looked ahead to the signing of a ‘phase one’ trade deal between the US and China.
Savills sees full-year results at upper end of expectations
Savills said on Monday that underlying results for the year to the end of December are set to be at the upper end of the board’s expectations following an "excellent" performance in the UK.
William Hill FY operating profit seen ahead of expectations; CFO to leave
William Hill said on Monday that adjusted operating profit for 2019 is set to come in ahead of market and management expectations, as it announced the departure of chief financial officer Ruth Prior.
LondonMetric sells Worcester property for £6.2m
LondonMetric Property said it had sold an office park in Worcester for £6. 2m, reflecting a net initial yield of 6. 7%.
Higher prices offset cost increases for Ferrexpo, William Hill flags bumper full-year profit
London open The FTSE 100 is expected to open 10 points higher on Monday, having closed down 0. 14% at 7,587. 85 on Friday.
Ferrexpo reports slight fall in annual production
Higher prices helped iron ore pellet producer Ferrexpo offset cost increases as it reported a slight fall in annual production.
London pre-open: Stocks seen muted ahead of UK data, China-US trade deal
London stocks were set for a muted open on Monday as investors eyed the signing of a ‘phase one’ trade deal between the US and China and a slew of UK data releases.
Monday newspaper round-up: Online gambling, Gatwick, Boeing, Tesla
The gambling industry watchdog is preparing to ban bookmakers from taking credit card deposits for betting online, in the latest move to prevent the exploitation of vulnerable customers. The Gambling Commission is expected to announce the long-awaited ban on credit card wagers, with the rules due to be unveiled as soon as Tuesday. Well-placed sources said an announcement by the regulator was imminent. It comes two years after charity groups such as GambleAware and Citizens Advice urged the government to implement the policy to protect people from sliding into gambling addiction.