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Independent Oil awards well management contract to Petrofac
UK development and production company Independent Oil & Gas has awarded the core project phase one well management contract to Petrofac, it announced on Monday.
Monday broker round-up
Johnson Matthey: Liberum downgrades to hold with a target price of 2,100p.
Europe midday: Stocks higher despite Beijing's decision to stop some agricultural purchases
Stocks in Europe are holding higher despite Beijing's decision to halt purchases of some US agricultural imports pending the details of Washington's response to China's decision to move forward with a security bill for Hong Kong that observers say are in breach of its treaty obligations.
Amur Minerals upbeat on results from Kun-Manie evaluation
Nickel-copper sulphide exploration and development company Amur Minerals Corporation released results from its evaluation copper concentrate and nickel concentrate generation at the Kun-Manie Project in the far east of Russia on Monday.
FCA bans Cypriot firms that used fake celebrity endorsements
The Financial Conduct Authority has barred four Cypriot firms from offering high risk financial bets after they used unauthorised celebrity endorsements to promote scam investments.
Eli Lily launches human trials for potential Covid-19 antibody drug
Eli Lilly has started human trials of potential treatment for Covid-19, the US pharmaceutical giant announced on Monday.
Fuller’s to issue £100m of commercial paper under CCFF
Fuller, Smith & Turner said on Monday that it will issue commercial paper for £100m under the Covid Corporate Financing facility to ensure it’s in "a strong position with significant liquidity headroom" to weather the coming months amid the ongoing closure of its pubs.
Berenberg downgrades GCP Student Living to 'hold'
Analysts at Berenberg lowered real estate investment trust GCP Student Living from 'buy' to 'hold' on Monday, citing "significant headwinds" stemming from the Covid-19 pandemic.
US pre-open: Futures point to mixed open in first day of June trading
Wall Street futures had stocks opening mixed on Monday after last week's gains helped major averages record their first back-to-back monthly advances since late 2019.
Bahamas Petroleum hires rig to drill by end of 2020
Bahamas Petroleum has hired a rig to start drilling at its well by the end of 2020 after the company was forced to delay its plans by the Covid-19 pandemic.
Jefferies switches out of HSBC over Hong Kong concerns
Jefferies has downgraded its recommendation for HSBC to ‘hold’ as unrest over the future of Hong Kong continues to mount.
Shares jump as Randall & Quilter posts record profits
Insurance specialist Randall & Quilter reported a record surge in pre-tax profits on Monday, as it insisted it was “well-positioned” to weather the Covid-19 pandemic.
Hammerson to re-open England flagship locations on June 15
Property developer Hammerson said its flagship locations in England would reopen from June 15, as the government relaxed its coronavirus lockdown guidance.
London midday: Stocks in the black as investors mull manufacturing data
London stocks were still in the black by midday 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.
Sainsbury's new boss tries to get close to customers
Sainsbury's new chief executive has made two changes to the supermarket group's operating board in moves intended to bring the company closer to its customers.
China halts some agricultural purchases over Washington's response to HK security law
China's two major state-run agricultural firms hit the pause button on purchases of some American agricultural goods, including soybeans, as officials in Beijing assess mounting tensions with the US.
Hollywood Bowl ready to reopen after H1 profit falls
Hollywood Bowl said it was prepared to reopen with customers using alternate lanes as the company reported a 6. 7% fall in first-half profit.
Marshall Motor warns of interim loss due to Covid-19 lockdowns
Motor retailer Marshall Motor Holdings warned on Monday issued a half-year profits warning as coronavirus-related lockdowns shutteried its showrooms and hammered sales.
Asia report: Markets move higher as China manufacturing expands
Markets in Asia finished higher on Monday, as investors digested fresh economic data out of China in a bid to gauge the state of the country’s economy in the wake of its Covid-19 coronavirus lockdown.
Begbies Traynor buys Scottish insolvency cases for up to £0.5m
Professional services consultancy Begbies Traynor has acquired a portfolio of 503 Scottish personal insolvency cases from Grant Thornton UK for up to £500,000.