Latest News
Retail sales rise but outlook bleak - BRC
Retail sales rose for the second month running in July after Covid-19 restrictions were relaxed but the industry said the outlook remained bleak as many store owners struggled to survive.
US close: Stocks close mixed following extension to unemployment relief
Wall Street trading was mixed on Monday after Donald Trump signed an executive order extending the nation's Covid-19 unemployment relief programme.
HMRC investigates tax affairs of over 200 footballers
Up to 248 footballers are being investigated by HMRC regarding their 2019-2020 tax affairs, said accountancy firm UHY Hacker Young on Monday.
Monday broker round-up
Ocado: Barclays downgrades to underweight with a target price of 1,600p.
Europe close: Stocks finish higher on US stimulus, China inflation
European shares managed to finish just above the waterline on Monday, as momentum from an easing of China factory deflation kept markets in positive territory and investors eyed more positive stimulus news from the US.
London close: Stocks finish higher amid US-China escalations
London stocks managed to finish in positive territory on Monday, as investors digested a further escalation of tensions between the US and China.
Tuesday preview: UK employment numbers, Derwent London in focus
Tuesday will see market watchers focus their attention on the UK in the morning, as the much-anticipated employment change three-month moving average is due.
Investor Everest succeeds in ousting Petropavlovsk CEO
The game of boardroom musical chairs at Russia-focused miner Petropavlovsk continued on Monday as investor Everest Alliance managed to oust the acting chief executive and chairman.
Broker tips: XP Power, Ocado, Hastings
Analysts at Berenberg hiked their target price on power supplies manufacturer XP Power from 4,150p to 4,980p on Monday, stating the group's "impressive" first-half performance showed that it was now gaining momentum.
Director dealings: Watkin Jones director makes share purchase
Watkin Jones revealed on Monday that non-executive director Elizabeth Reilly had acquired 20,000 ordinary shares in the AIM-listed builder and manager of rented accommodation.
Up to 30% of UK firms see job cuts as Covid-19 support winds down
Up to third of UK employers expect to axe jobs between July and October, according to a new survey, indicating the number of workers under threat from the coronavirus impact is rising.
FTSE 250 movers: Cineworld surges; Petropavlovsk slides
London’s FTSE 250 was up 0. 5% at 17,704. 91 in afternoon trade on Monday.
US open: Dow Jones rises as Trump extends Covid-19 relief programme
Wall Street trading got off to a mixed start at the bell on Monday after Donald Trump signed an executive order extending the nation's Covid-19 unemployment relief programme.
McDonald's files suit against former CEO after alleged sexual relationships with employees
Fast-food giant McDonald's has filed a lawsuit against former chief executive Steve Easterbrook after he allegedly lied to the board regarding the extent of his relationships with employees.
Royal Caribbean plunges to $1.6bn loss in third quarter
Royal Caribbean plunged to a worse-than-expected $1. 6bn (£1. 2bn) second-quarter loss after the Covid-19 crisis forced it to cancel all sailings in the period.
Clarkson reinstates dividend as broking drives higher H1 profits
Shipping services firm Clarkson said it would reinstate a previously deferred dividend as it reported a “robust” first half with a rise in profits driven by its broking division.
FTSE 100 movers: Evraz rallies; Hargreaves Lansdown heads lower
London’s FTSE 100 was up 0. 5% at 6,063. 41 in afternoon trade on Monday.
Appreciate agrees £15m RCF with Santander UK
Financial services business Appreciate Group, formerly Park Group, has agreed a new £15m revolving credit facility with Santander UK.
Berenberg hikes target price on XP Power
Analysts at Berenberg hiked their target price on power supplies manufacturer XP Power from 4,150p to 4,980p on Monday, stating the group's "impressive" first-half performance showed that it was now gaining momentum.
Xpeng Motors files for NYSE IPO
Chinese electric car start-up Xpeng Motors has filed for an initial public offering (IPO) on the New York Stock Exchange.