Latest News
Tuesday preview: UK consumer lending data in the spotlight
Financial markets' focus on Tuesday will be on UK lending data for the month of April that are expected to show that lenders further tightened standards during the month.
Europe close: Stocks finish higher despite US-China trade tensions
Stocks in Europe finished higher despite Beijing's decision to halt purchases of some US agricultural imports pending the details of Washington's response to its decision to move ahead with a security bill for Hong Kong that observers say are in breach of its treaty obligations.
BofA hikes target for Wizz Air, says low cost base is a 'key advantage'
Analysts at Bank of America reiterated their 'buy' recommendation for shares of Wizz Air, predicting that its focus on Central and Eastern Europe, together with its competitive cost base, would see it benefit from smaller rivals' demise.
Russia will roll out its first approved Covid-19 treatment next week
Russia will start to roll out its first approved drug for coronavirus and will start treating patients as soon as next week, Reuters reported.
Trump holds call with Mark Zuckerberg over protests
US President Donald Trump and Facebook chief Mark Zuckerberg held a call on Friday over the ongoing protests across the country, revealed a report from Axios late on Sunday.
Small UK businesses shift £10bn of exports away from EU
Small businesses in the UK are diverting over £10bn worth of exports away from the EU claiming that they are “jumping before they are pushed” as concerns over the success of the Brexit negotiations rise again.
London close: Stocks higher as investors eye US-China tensions
London stocks finished above the waterline on Monday, following the release of the latest UK manufacturing data, as investors kept an eye on ongoing tensions between the US and China after US President Trump’s news conference last week.
Director dealings: Adept Technology chairman ups stake
Adept Technology revealed on Monday that chairman Ian Fishwick had acquired 36,488 ordinary shares in the AIM-listed IT managed services provider.
EU budget head mulls possible levy to access single market - report
The European Union could charge companies to access the single market, Brussel’s budget commissioner has suggested, as it looks to fund the bloc’s economic recovery from Covid-19.
Atalaya Mining gets nod from Andalucia authorities
Atalaya Mining announced on Monday that the Junta de Andalucía has confirmed through the Spanish press that the mining permits for Proyecto Riotinto were now fully validated.
Broker tips: Cineworld, GCP Student Living, HSBC, Standard Chartered
Cineworld shares slid on Monday as Morgan Stanley downgraded the stock to ‘underweight’ from ‘equal weight’ and slashed the price target to 60p from 180p, arguing that the recent relief rally was overdone.
Ted Baker seeks to raise £100m after £80m loss
Ted Baker announced its intention to raise about £100m in equity as the clothing brand plunged to an annual loss of almost £80m.
US open: Stocks record modest gains amid heightened US-Sino tensions
Wall Street stocks recorded some small gains at the bell on Monday after last week's gains helped major averages record their first back-to-back monthly advances since late 2019.
OptiBiotix signs distribution deal with Cambridge Commodities
OptiBiotix Health announced on Monday that its wholly-owned subsidiary ProBiotix Health has entered into a non-exclusive distribution agreement with Cambridge Commodities (CCL) for the distribution of ‘LPLDL’ and ‘CholBiome x3’ in the UK.
FTSE 250 movers: Playtech pushes higher; Cineworld hit by downgrade
London’s FTSE 250 was up 1. 4% at 17,280. 35 in afternoon trade on Monday.
Mattioli Woods lifts profit forecast after slashing costs
Specialist wealth management and employee benefits company Mattioli Woods updated the market on its trading through the Covid-19 coronavirus pandemic on Monday, having said at the end of March that its financial performance in the first nine months of the year ended 31 May was in line with expectations.
US factory activity still shrinking rapidly in May, ISM says
Manufacturing activity in the US picked up slightly last month albeit by a tad less than anticipated, the results of the most closely-followed survey for the sector revealed.
Cineworld’s recent relief rally overdone, says Morgan Stanley
Cineworld shares slid on Monday as Morgan Stanley downgraded the stock to ‘underweight’ from ‘equalweight’ and slashed the price target to 60p from 180p, arguing that the recent relief rally was overdone.
FTSE 100 movers: AB Foods rallies on Primark openings; Rolls-Royce recovers
London’s FTSE 100 was up 1% at 6,138. 72 in afternoon trade on Monday.
Citi says UK negative rates could be 'when, not if'
Citi said the question about whether the Bank of England adopts negative interest rates could be a matter of 'when, not if" as the central bank gives the move serious consideration.