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Sector movers: Oil equipment, lenders shares pace gains
The more cyclicals areas of the stockmarket were sought out on Monday following reports at the weekend that appeared to point to an increased likelihood of an agreement in the US Congress on a new fiscal stimulus package.
US close: Stocks slide as stimulus talks remain in focus
Wall Street stocks closed sharply lower on Monday as a continued rise in the number of new Covid-19 cases and stalled stimulus talks remained in focus.
London close: Stocks mixed as sterling gains ground
London stocks were mixed at the close on Monday as the pound gained ground, with investors weighing up encouraging data out of China and the prospect of further US stimulus.
Broker tips: IHG, Ashmore, Trainline, IWG
Peel Hunt has cut both earnings forecasts and its rating on InterContinental Hotels Group, as the Covid-19 pandemic continues to undermine the international hospitality sector.
Tuesday preview: US fiscal stimulus talks, Bellway in focus
Financial markets' focus at the start of the week will be on Capitol Hill and whether lawmakers from both sides of aisle can come together to agree on a new fiscal stimulus package.
Director dealings: Mind Gym executives up stakes
Mind Gym revealed on Monday that chairperson Joanne Cash, chief executive Octavius Black and director Sebastien Bailey had all significantly upped their stakes in the AIM-listed firm.
Nostra Terra upbeat on progress at Pine Mills
Oil and gas exploration and production company Nostra Terra announced on Monday that Cypress Minerals has begun construction of the drilling pad in preparation to drill the new well at its Pine Mills oilfield.
FTSE 250 movers: IWG boosted by upgrade, leisure stocks up
London’s FTSE 250 was up 0. 3% at 17,879. 75 in afternoon trade on Monday.
FTSE 100 movers: Landsec rises; St James's Place hit by downgrade
London’s FTSE 100 was down 0. 4% at 5,899. 10 in afternoon trade on Monday.
Mercia Asset Management sells stake in Clear Review
Regionally-focussed specialist asset manager Mercia Asset Management announced the profitable sale of Clear Review for cash of up to £26m on Monday.
US open: Stocks record early losses as stimulus talks remain in focus
Wall Street stocks were lower after the bell on Monday as a continued rise in the number of new Covid-19 cases and stalled stimulus talks remained in focus.
US homebuilding activity picks up further in October, NAHB says
A closely-followed gauge of activity in US homebuilding continued to rise in October.
Monday broker round-up
Intercontinental Hotels Group: Peel Hunt downgrades to hold with a target price of 4,300p.
Peel Hunt cuts earnings forecasts for IHG as 'tough winter' nears
Peel Hunt has cut both earnings forecasts and its rating on InterContinental Hotels Group, as the Covid-19 pandemic continues to undermine the international hospitality sector.
Covid-19 sees Orchard Funding cancel banking licence application
Insurance premium and professions funding specialist Orchard Funding Group announced it was cancelling its application for a banking licence on Monday.
Canaccord Genuity nudges up price target on Ashmore
Analyst at Canaccord Genuity slightly raised their target price on investment management firm Ashmore Group from 243. 0p to 430. 0p on Monday after the company's recent trading update indicated a "continued slowdown" of net outflows.
ConocoPhillips to buy Concho Resources in $9.7bn all-share deal
ConocoPhillips has agreed to buy exploration and production company Concho Resources in all-share deal valued at $9. 7bn.
Craneware sees 'strong sales' return in Q1
Healthcare software firm Craneware has seen a return to "strong sales" in the three months ended 30 September, ahead of prior year figures and in line with expectations.
Alibaba takes control of Sun Art in $3.6bn deal
E-commerce giant Alibaba Group has taken a majority stake in Chinese hypermarket chain Sun Art Retail Group in a $3. 6bn deal.
Landsec unveils new growth strategy
Land Securities is to refocus on cities and mixed-use developments as it exits subscale sectors such as hotels and retail parks, the blue chip property firm said on Monday.