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Luceco to restart dividends after strong first half
Luceco said it expected to restart paying dividends and that annual results would be well ahead of expectations after first-half profit rose despite the Covid-19 crisis.
Monday broker round-up
Kingfisher: RBC Capital Markets reiterates outperform with a target price of 275. 0p.
Liberum reiterates 'sell' rating on Royal Mail
Analysts at Liberum slightly raised their target price on 'sell' rated postal service Royal Mail Group on Monday, stating that risks to its UK operations outweighed resilience in its European arm, General Logistics Systems (GLS).
FCA freezes £3.9m of assets in mortgage case
The Financial Conduct Authority has frozen the assets of two unauthorised companies and their owner for allegedly misleading dozens of vulnerable people into handing over their houses and losing hundreds of thousands of pounds.
Intelligent Ultrasound sees turnover drop amid Covid-19
Artificial intelligence-based software group Intelligent Ultrasound said on Monday that turnover had slipped in the six months ended 30 June as a result of the Covid-19 pandemic.
JP Morgan says 'pent-up' demand will be exhausted, stays 'overweight' on Tech and Healthcare
Equity strategists at JP Morgan believe that second quarter corporate results on both sides of the Atlantic may come in ahead of analysts' forecasts, helped by the fact that estimates were at very depressed levels.
Europe midday: Stocks buoyed by optimism for profits, vaccine news
Stocks in Europe are bumping up against multi-month highs at the beginning of the second quarter earnings season on both sides of the Atlantic, despite some analysts' reservations, helped by more positive news around efforts to develop a Covid-19 vaccine.
German recovery is on track, says economics ministry
German officials have confirmed that the country’s economic recovery is underway after industrial production passed its lowest point.
Regency Mines outlines exploration season at Dempster
Battery metals-focussed exploration and development company Regency Mines announced its 2020 exploration season at its Dempster vanadium project in Canada on Monday, in which it owns a 50% interest.
JPMorgan upgrades Ryanair, reiterates 'overweight' on Wizz
JPMorgan Cazenove upgraded its stance on shares of Ryanair on Monday, arguing that the budget airline is a long-term winner in European aviation with its "fortress balance sheet" and ultra-low costs.
UK warns businesses to prepare for end of Brexit transition period
The UK is urging businesses to prepare for the end of the Brexit transition period on 31 December 2020 in a new campaign.
Altona makes two 'experienced' rare earth consultant appointments
Africa-focussed rare earth element mining exploration company Altona Energy announced the appointment of two “highly experienced” consultants on Monday, with immediate effect.
PepsiCo revenues ease on lower drink sales
PepsiCo reported a slide in quarterly earnings on Monday, after the Covid-19 pandemic hurt drink sales at the US food and beverage giant.
US pre-open: Futures point to gains ahead of earnings deluge
Wall Street futures had stocks opening in the green ahead of the bell on Monday as investors appeared to ignore another record spike in new Covid-19 cases in Florida at the weekend.
Vast Resources shares fall after Baita Plai update
Shares in mining company Vast Resources were in the red on Monday afternoon, after it updated the market on progress at its Baita Plai Polymetallic Mine in Romania.
Analog Devices to buy Maxim Integrated Products for $20.9bn
US semiconductor company Analog Devices has agreed to buy Maxim Integrated Products for $20. 9bn in an all-share deal.
BT warns UK government against rushing Huawei ban
BT boss Philip Jansen said on Monday that the UK government should not rush the ban on China’s tech giant Huawei from developing the country's 5G network, warning of potential outages and security issues.
Barclays' capital ratio stronger than expected
Barclays said its core capital ratio would be stronger than expected at the end of the second quarter but that its results for the period would be affected by a tough market for income and bad debts.
Europe open: M&A news bolsters shares ahead of Q2 results season
Stocks in Europe have started the week higher with investors opting to take a 'glass half full' approach and with investor sentiment boosted further by gains during Asian trading and merger news on both sides of the Atlantic.
Copper prices rally after Antofagasta miners vote to strike
Copper prices spiked on Monday on possible supply issues, after workers at a Chilean mine owned by Antofagasta voted in favour of strike action.