Latest News
Monday broker round-up
Rotork: RBC Capital Markets downgrades to underperform with a target price of 275. 0p.
IP Group raises £52.4m from Ceres Power stake sale
IP Group has raised £52. 4m by selling shares in Ceres Power, leaving it with a small stake in the clean energy company it invested in eight years ago.
Huawei tech in UK's 5G network to be stripped out by 2027
Prime Minister Boris Johnson has ordered that all Huawei technology in the UK’s 5G network must be taken down by 2027.
Elecosoft revenues hold up in first half
Software developer Elecosoft said on Tuesday that unaudited revenues for the six months ended 30 June "held up well".
Regulator criticises 'unacceptable' UK audit standards
The UK's accountancy watchdog has criticised large audit firms for the quality of their work after a third of their audits fell below required standards.
Citigroup tops estimates as trading revenues offset banking slowdown
Major US lender Citigroup posted better-than-expected second-quarter earnings on Tuesday as a surge in trading revenues helped offset a slowdown in its banking unit.
JP Morgan sets aside $10bn for potential defaults as second-quarter numbers beat forecasts
JP Morgan Chase & Co reported forecast-beating second-quarter numbers on Tuesday, after heightened market volatility delivered record trading revenues and helped offset a weaker performance in retail banking.
US core CPI edges past forecasts in June
The cost of living in the US increased slightly more quickly than anticipated amid broad gains in prices by categories.
Berenberg upgrades Connect Group to 'buy'
Analysts at Berenberg upgraded newspaper and magazine distributor Connect Group from 'hold' to 'buy' on Tuesday following a strong update from the group.
Ryanair to axe 1,000 UK - Ireland flights in August, September
Ryanair said it was cutting up to 1,000 flights from its UK-Ireland routes in August and September as it accused the Irish government of keeping a “a defective quarantine restriction on EU visitors".
Halma posts record annual profit but warns over 2021
Halma reported record annual profit and revenue on Tuesday, underpinned by acquisitions, and lifted its dividend but warned that profit for FY2021 will fall.
Europe midday: Tech paces losses as US earnings season gets underway
Stocks in Europe are holding lower despite news of a positive start to the US second-quarter corporate reporting season.
Google pledges not to use Fitbit data for advertising
Google pledged to not use users’ health data from fitness tracker company Fitbit to help it target ads in a move designed to help it clinch Brussels's approval for the purchase.
Chinese imports and exports jump past forecasts in June
Chinese foreign trade moved up a gear in June, belying a strong domestic economy and overseas.
Amur Minerals considering mining sector investment
Amur Minerals noted the rise in its share price on Tuesday and confirmed it is considering an investment in the mining sector.
Small US companies' earnings expectations plumb 10-year low in June, NFIB says
A stronger-than expected reading for a widely-followed gauge of small business confidence in June was misleading, some economists said.
Brave Bison selected for Panasonic global campaign
Video technology company Brave Bison has been appointed by Panasonic as its social content partner for the ‘Sports Changemakers’ global campaign, it announced on Tuesday.
Mattioli Woods flags full-year revenue and earnings growth
Wealth management and employee benefits company Mattioli Woods updated the market on its full year on Tuesday, reporting both growth in revenue and “strong” growth in adjusted EBITDA and adjusted profit before tax.
Filta seeing gradual recovery in both US and UK markets
Fryer management and commercial kitchen service company Filta Group said on Tuesday that, since its preliminary results on 28 May, its focus had been on preserving cash and preparing for the easing of social distancing restrictions.
Bango ends first half in 'stronger than ever' position
Mobile payments provider Bango reported record revenue growth in its first half of more than 50% on Tuesday, to £4. 8m.