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US close: Stocks close higher as corporate news overshadows coronavirus fears
Wall Street stocks closed higher on Monday as news of some major corporate deals temporarily distracted market participants from headlines related to the Wuhan coronavirus outbreak.
Tuesday preview: UK GDP and TUI Group in the spotlight
The market spotlight on Tuesday will fall on a raft of UK activity indicators for December, together with a preliminary reading for the fourth quarter of 2019.
Commodities: Energy futures hit the skids again as coronavirus cases climb
Energy futures were again on the backfoot as the number of Chinese coronavirus cases continued to mount and the head of the world´s health watchdog warned of outbreaks outside of China.
Europe close: Stocks dip amid coronavirus worries, Irish stocks lag behind
Stocks across the Continent finished on a mixed note with Irish and German stocks in focus amid the latest and unexpected political headlines coming out of each of those countries.
Sinn Féin declares victory in Irish elections
Sinn Féin has managed to secure a victory in Ireland’s general elections and requested talks with rivals Fine Gael and Fianna Fáil to form a coalition government.
London close: Coronavirus worries drag on sentiment
London stocks were a little weaker on Monday amid ongoing concerns about the spread of the coronavirus, as the UK declared it a "serious and imminent threat" to the public and health secretary Matt Hancock declared Wuhan and Hubei province in China an "infected area".
Edgewell Personal Care walks away from Harry's acquisition
Razorblade manufacturer Edgewell Personal Care abandoned its planned $1. 37bn deal to buy out rival Harry's after the Federal Trade Commission sought to stop the merger.
Broker tips: Asos, Tui, TransGlobe Energy
ASOS got a boost on Monday as Berenberg upgraded its stance on the shares to ‘buy’ from ‘hold’ and hiked the price target to 4,200 from 3,000p, saying the online fashion retailer is "out of the woods" and the current valuation is a "compelling" entry point.
Director dealings: Midwich MD makes share purchase
Midwich Group revealed on Monday that managing director Stephen Fenby had purchased 200,000 ordinary shares in the AIM-listed audio visual distributor.
US open: Stocks bounce back from losses as coronavirus remains in focus
Wall Street stocks opened higher on Monday as news of some major corporate deals temporarily distracted market participants from headlines related to the Wuhan coronavirus outbreak.
Samsung reveals new foldable phone during Oscars
Samsung released its new foldable phone in a television commercial during the Oscars Award ceremony.
Canaccord Genuity ups target price on TransGlobe Energy
Analysts at Canaccord Genuity upped their target price on development and exploration firm TransGlobe Energy from 235. 0p to 245. 0p on Monday as a result of some increased Canadian production.
ShoreCap stays at 'buy' on TUI Group saying market undervalues its franchise
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of TUI Group, arguing that the purchase of Hapag Lloyd Cruises by TUI Cruises, its 50. 0% joint-venture with Royal Carribean, demonstrated that the share price was failing to reflect the value of the company's cruise and hotel assets.
'Brexit is done but UK equities are not,' says Jefferies
Analysts at Jefferies sounded a 'bullish' note on UK equities, telling clients that "Brexit is done but UK equities are not".
Hutchison Chi-Med shares up on updated results from 'CALYPSO'
Hutchison China MediTech, trading as Chi-Med, announced the availability of updated results from the phase 2 ‘CALYPSO’ study of the savolitinib and ‘Imfinzi’ (durvalumab) combination in a cohort of patients with metastatic papillary renal cell carcinoma (PRCC) on Monday.
FTSE 250 movers: Future falls; Finablr in the green
London’s FTSE 250 was down 0. 1% at 21,484. 41 in afternoon trade on Monday.
China's Geely mulls merger with Volvo Cars
Geely Automobile and Volvo Cars are considering a multi-billion dollar merger, it was confirmed on Monday.
Thor disposes of Hawkstone interest, flags possible Spring Hill offers
Thor Mining announced on Monday that the disposal of its interest in ASX-listed Hawkstone Mining had completed.
Yu Group's Garry Pickering becomes director of trading services
Business sector gas, electricity and water supplier Yü Group announced on Monday that current board director, Garry Pickering, was taking on a new role within the group, effective immediately.
FTSE 100 movers: NMC Health rallies; Whitbread hit by downgrade
London’s FTSE 100 was down 0. 4% at 7,439. 78 in afternoon trade on Monday amid ongoing concerns about the coronavirus.