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18 May
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Moderna surges on positive Covid-19 vaccine study

Moderna shares surged on Monday after the clinical stage biotechnology company said its experimental Covid-19 vaccine had produced antibodies in a phase 1 study.

18 May
German economic output to fall further, warns Bundesbank

German economic output will be “significantly” lower in the second quarter, the country’s central bank warned on Monday, despite the easing of some lockdown measures.

18 May
Europe midday: Rally picks up pace, basic resources and autos pace gains

The rally in stocks has picked up pace as Germany and France moved to organise a Europe-wide response to the pandemic and the head of the US Central bank sounded a warily confident note on the outlook.

18 May
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Open Orphan confirms details around Covid antibody testing

Pharmaceutical services company Open Orphan responded to an increase in its share price on Monday morning, as well as media comment over its collaboration with Quotient.

18 May
Berenberg raises target on Keywords Studios

Analysts at Berenberg raised their target price on video games company Keyword Studios from 1,600. 0p to 1,700. 0p on Monday, stating the group had reinforced its "leading position" by means of its recent fundraiser.

18 May
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Japanese economy slides into recession

Japan’s economy has slid into recession for the first time since 2015, government data showed on Monday.

18 May
Employers cut entry-level jobs by almost 25%

Employers in the UK are cutting entry-level roles by 23% due to the Covid-19 crisis and its economic impact said the Institute of Student Employers in their latest survey.

18 May
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Inland Homes to reopen sales and marketing suites

Brownfield developer Inland Homes will reopen its sales and marketing suites from 22 May as part of an effort to support the group's ongoing online sales and marketing activities.

18 May
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Compass Group said to be preparing largest UK share sale year-to-date

Compass Group is readying to brave current dire conditions and tap capital markets for fresh equity.

18 May
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Sorrento Therapeutics shares rocket again after Covid-19 pre-clinical trial

Stock in Sorrento Therapeutics is pushing higher on the back of the positive pre-clinical trial results announced last Friday for its STI-1499 antibody against Covid-19.

18 May
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Monday broker round-up

Land Securities: Barclays upgrades to overweight with a target price of 730p.

18 May
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Pound swings after BoE's Haldane moots negative rates

The pound fluctuated against the dollar and the euro after the Bank of England’s chief economist said the central bank was looking at negative interest rates to support the economy during the Covid-19 crisis.

18 May
nyse port
US pre-open: Futures point to gains after Powell strikes optimistic tone

US futures were pointing to solid gains ahead of the bell on Monday with stocks looking set to try and regain some of last week's losses after Fed head Jerome Powell said he was optimistic of the US economy's ability to bounce back from the Covid-19 pandemic.

18 May
Household finances under pressure as Covid-19 hits incomes - survey

Household finances remained under severe pressure in May, a survey showed on Monday, as income from employment fell at the fastest rate on record.

18 May
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Aldi UK teams up with Deliveroo for home deliveries

Aldi UK, the British arm of the German supermarket discounter, announced on Monday that it had teamed up with delivering service Deliveroo to provide shoppers with home deliveries.

18 May
ep july 10 2019 - washington dc united states chair of the federal reserve jerome powell testifies before the house financial services committee on capitol hill in washington dc us on july 10 2019 stefani reynolds cnp contacto
Federal Reserve chairman reiterates that more government support may be needed

Federal Reserve chairman Jerome Powell doubled down on a previous call for further government economic support.

18 May
london skyline thames
London midday: FTSE maintains gains as energy, mining stocks rally

London stocks were still firmly higher by midday on Monday, underpinned by a strong showing in the energy and mining sectors amid optimism over lockdown easing and a slowdown in new Covid-19 cases.

18 May
Asia report: Markets mostly higher as Japan enters recession

Markets in Asia were mostly higher on Monday, as investors digested fresh data showing further contraction for Japan’s economy in the March quarter.

18 May
Ryanair sees €200m first quarter loss from Covid-19 groundings

Budget carrier Ryanair said coronavirus travel bans would lead to a €200m first quarter loss as it pulled guidance for 2021.

18 May
Rail union demands compulsory Covid safety measures as services increase

Train companies increased services on Monday to cope with the easing of coronavirus travel restrictions in England as unions called for compulsory safety measures.