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Europe close: Travel names and banks pace rebound
Shares across the Continent finished higher with investors apparently cheered by some positive news on the pandemic front and snapping up shares of select travel names and lenders.
Facebook ads boycott over hate speech to go global
Facebook is failing to break an advertising boycott over hate speech on its platform with Diageo, Starbucks and Levi’s becoming the latest corporates to pull their ad dollars.
Tuesday preview: Fed Chief Powell, China manufacturing in focus
The focus in financial markets at the end of the second quarter will be on US central bank chief, Jerome Powell's testimony before the US House of Representatives Financial Services Committee.
London close: Stocks march higher despite ongoing Covid worries
London stocks closed in the green on Monday, despite growing concerns about rising coronavirus infections in the US.
Director dealings: Thinksmart director ups stake
Thinksmart revealed on Monday that non-executive director Peter Gammell had acquired two million ordinary shares in the AIM-listed digital payments company.
Oriole confirms start of air core drilling at Fare
West Africa-focussed exploration company Oriole Resources announced on Monday that a 10,000 metre air core drilling campaign has begun at the Faré target within its Senala project in Senegal, where its joint venture partner Iamgold had the option to spend up to $8m to earn a 70% interest.
Broker tips: Draper Esprit, BAE Systems, The Restaurant Group
Analysts at Berenberg initiated coverage on software and IT services provider Draper Esprit at 'buy' on Monday, stating the company represented a "rare asset class at a rare valuation".
Phoenix Copper pleased with results of Empire test work
Phoenix Copper announced the results of the initial metallurgical test work for the recovery of precious metals occurring in the Empire Mine deposit on Monday, reporting that tests performed on samples from the open pit using non-toxic ammonium thiosulfate reagent resulted in high gold recoveries of 97. 8% and 97. 7%, and silver recoveries of 69. 8% and 78. 2%, respectively.
Restaurant Group creditors vote for deal to close 125 sites
The Restaurant Group's creditors have voted in favour of a company voluntary arrangement (CVA) that will close 125 eateries and allow the company to seek cheaper rents for other sites in its Frankie & Benny's chain.
Citi says buy The Restaurant Group and 'take the medicine'
Citi kept its 'buy' rating on The Restaurant Group but cut its target share price by a quarter with uncertainty about consumer behaviour hanging over the restaurant sector.
Arc Minerals begins second season of exploration in Zambia
Arc Minerals announced the start of the second season of exploration activities over the Zamsort and Zaco license areas in north western Zambia on Monday.
Credit Suisse stays at 'overweight' for BAE Systems, says dividend intact
Analysts at Credit Suisse reiterated their 'overweight' stance on shares of BAE Systems, highlighting the continuing perception by countries that threat levels remain elevated and in anticipation that the dividend payout would be maintained, even if with a bit of a lag in the case of the latter.
FTSE 250 movers: Energean surges; Carnival sinks
London’s FTSE 250 was 0. 6% higher at 17,221. 83 in afternoon trade on Monday.
US open: Stocks open higher despite spike in new Covid-19 cases
Stocks opened higher on Monday despite a spike in new coronavirus cases in certain US states over the weekend.
US pending home sales jump back in June
The Covid-19 pandemic put many home purchases on ice, but the market is quickly thawing, the results of a closely-followed survey revealed.
German inflation beats expectations for June
Germany inflation nudged higher in June to beat consensus expectations, official data showed on Monday.
Berenberg initiates coverage on Draper Esprit at 'buy'
Analysts at Berenberg initiated coverage on software and IT services provider Draper Esprit at 'buy' on Monday, stating the company represented a "rare asset class at a rare valuation".
Byron Hamburgers appoints administrators
British burger chain Byron filed a notice to appoint administrators from KPMG on Monday, making it yet another in a long line of restaurant groups to find itself in a pickle as a result of the Covid-19 pandemic.
BP to sell petrochemicals business to Ineos for $5bn
BP has agreed to sell its petrochemicals business to chemicals company Ineos for $5bn.
FTSE 100 movers: BP rallies on petrochemicals sale; GVC in the red
London’s FTSE 100 was up 0. 5% at 6,187. 28 in afternoon trade on Monday.