Latest News
Tuesday preview: Davos and SSP Group in the spotlight
The focus on Tuesday will be on Davos as world leaders and top global officials gather at the Swiss ski resort to discuss and debate the most pressing global issues.
Europe close: Stocks dip as IMF trims GDP forecasts for Germany and Spain
Stocks on the Continent were mostly lower at the start of the week, as the International Monetary Fund trimmed its forecasts for global and euro area growth over the next two years.
World's billionaires hold more wealth than 4.6bn people combined - Oxfam
A new report from Oxfam claimed that the world’s 2,153 billionaires had more wealth between them than a combined 4. 6bn people.
Distil revenues grow in Q3
Alcoholic beverages manufacturer Distil report higher levels of sales during its third trading quarter on Monday, including the important Christmas period.
London close: Stocks dip as IMF trims growth forecasts
London stocks edged lower on Monday as investors geared up for the start of the World Economic Forum in Davos, Swizterland, and digested downwardly revised growth forecasts from the International Monetary Fund.
Director dealings: Halfords chair ups stake
Halfords revealed on Monday that chairman Keith Williams had purchased 50,000 ordinary shares in the car parts retailer.
Rockfire Resources recommences drilling at Plateau
Gold and base-metal focused explorer Rockfire Resources has recommenced drilling at the Plateau Gold Deposit in Queensland, Australia.
Broker tips: Asos, Capita, ConvaTec
Morgan Stanley downgraded shares of online fashion retailer ASOS to ‘underweight’ from ‘equalweight’ on Monday, cutting the price target to 2,000p from 2,100p as it argued that consensus medium-term forecasts are "still much too high".
Trafalgar Property exercises options over land in Surrey
Residential property developer Trafalgar Property Group has exercised its options over land in Barnett Wood Lane, Ashtead, Surrey, it announced on Monday.
Hutchison Chi-Med upbeat on progress with surufatinib
Hutchison China MediTech, trading as Chi-Med, announced on Friday that the independent data monitoring committee of the phase 3 pivotal study of surufatinib in advanced neuroendocrine tumours - pancreatic (SANET-p) has completed a pre-planned interim analysis.
M&C Saatchi FY net cash seen ‘substantially’ ahead of expectations
M&C Saatchi said on Monday that full-year net cash will be "substantially ahead" of expectations, while pre-tax profit will be in line.
FTSE 250 movers: ConvaTec dented by downgrade; Vesuvius bubbles higher
London’s FTSE 250 was down 0. 1% at 21,865. 86 in afternoon trade on Monday.
Egdon Resources extends deadline for farm-out deal
Egdon Resources updated the market on the exclusivity agreement over licences P1929 and P2304 with a “large, internationally recognised” exploration and production company on Monday, which it previously announced on 4 November.
FTSE 100 movers: BAE Systems rallies on acquisitions; NMC Health slumps
London’s FTSE 100 was down 0. 3% at 7,652. 46 in afternoon trade on Monday.
Europe midday: Stocks edge lower after IMF trims growth forecasts
Stocks on the Continent were drifting slightly lower at the start of the week, as the International Monetary Fund trimmed its forecasts for global growth over the next two year.
Tekcapital portfolio firm Lucyd launches new smart glasses
Intellectual property investment company Tekcapital announced on Monday that its portfolio company Lucyd, the smartglass developer and operator of an e-shop for tech eyewear, was launching its third line of ‘Lucyd Loud Bluetooth’ glasses on 27 January.
IMF sees tentative signs of a bottom in global manufacturing and trade
The world's economic watchdog offered a less glum view of economic prospects, but said that many risks remained and that were still few signs of a turning point in the data.
Morgan Stanley downgrades ASOS to 'underweight'
Morgan Stanley downgraded shares of online fashion retailer ASOS to ‘underweight’ from ‘equalweight’ on Monday, cutting the price target to 2,000p from 2,100p as it argued that consensus medium-term forecasts are "still much too high".
Credit Suisses start Gazprom at 'neutral', says new payout policy priced-in
Analysts at Credit Suisse started coverage of London-listed Russian natural gas giant Gazprom a 'neutral' with a $9. 0 target price on its American Depositary Receipts, forecasting that the group's payout policy would rise to 5. 0% of profits by 2021, versus 30. 0% in 2019.
Monday broker round-up
Avon Rubber: Berenberg downgrades to hold with a target price of 2,300p.