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Morgan Stanley downgrades Beazley, cites limited upside
Morgan Stanley downgraded its stance on insurer Beazley to ‘equalweight’ from ‘overweight’ and cut the price target to 350p from 550p as it said the company’s limited financial flexibility will leave the cost of equity at elevated levels and limit the upside.
President Energy pleased with drilling progress at Las Bases
President Energy updated the market on the newly-drilled well ‘LB-1001’ on Las Bases field in Rio Negro, Argentina on Monday, reporting that net gas pay had been re-calculated at an increased 70 metres over several intervals.
Berenberg raises target price on Renishaw
Analysts at Berenberg raised their target price on engineering company Renishaw from 5,700. 0p to 6,200. 0p on Monday, stating the firm appeared to be "poised for a recovery".
Allergy Therapeutics screens first patients in grass pollen study
Commercial biotechnology company Allergy Therapeutics announced the screening of the first patient in its exploratory field study ‘G309’, to evaluate the efficacy and safety of ‘Grass MATA MPL’ in subjects with seasonal allergic rhinitis or rhinoconjunctivitis induced by grass pollen exposure.
Vast Resources makes progress on financing at Baita Plai
Vast Resources updated the market on its recent operational and financing progress on Monday, announcing a placing to raise £1. 75m at 0. 16p per share, to provide additional working capital following the recent cash settlement of its conversion notice, and funding through to payment in full from first copper sales to Mercuria.
Inland Homes FY trading 'inevitably' impacted by Covid-19
Brownfield developer and housebuilder Inland Homes said on Monday that full-year trading had been "inevitably" impacted by the Covid-19 pandemic.
JP Morgan sees increasing chances of capital returns from UK banks in 2021
"We believe it’s hard to overstate the importance of [a successful Brexit deal] (despite lower economic impact) for UK bank share prices as well as potential capital return," analysts at JP Morgan said.
US pre-open: Futures lower following record number of new Covid-19 cases
Wall Street futures had stocks opening lower ahead of the bell on Monday after the US reported a daily record for new Covid-19 cases over the weekend.
Deutsche Bank says Barclays' diversified income stream 'underappreciated'
Analysts at Deutsche Bank reiterated their 'buy' stance for shares of Barclays, arguing that the merits of its diversified income streams was going underappreciated.
Boots to provide new 12-minute coronavirus testing service
Boots will offer a new coronavirus testing service provided by LumiraDx devices that will give its results in 12 minutes.
London midday: Stocks down but off lows as Covid concerns continue to weigh
London stocks were off lows but still a little weaker by midday on Monday amid doubts over US stimulus and ongoing concerns about the Covid-19 pandemic and increasing restrictions.
HSS Hire raising up to £54m to prevent covenant breach
HSS Hire announced plans to raise up to £54m through a firm placing and open offer on Monday, in a bid to prevent it from breaching its covenants.
Europe open: Shares lower on SAP guidance cut, Covid lockdowns
European stocks opened lower on Monday on the back of a profit warning from software maker SAP and tighter Covid-19 restrictions.
Ingenta secures three new customers for publishing platform
Content solutions provider Ingenta has secured three new customers for its ‘Edify’ content publishing platform, it announced on Monday.
Coca-Cola European Partners makes offer for Amatil, declares dividend
Coca-Cola European Partners reported a 4% fall in its comparable volume in its third quarter on Monday, which it said was driven by the continued impact of Covid-19 across its markets.
Bayer to buy US-based Asklepios Bio for up to $4bn
Germany’s Bayer has agreed to buy US biopharmaceutical firm Asklepios BioPharmaceutical for up to $4bn.
Yourgene Health interim revenues grow despite Covid-19 headwinds
Molecular diagnostics group Yourgene Health said on Monday that interim revenues had risen as a strong showing from its European unit had offset much of the headwinds stemming from the Covid-19 pandemic.
ULS Technology taps With-Fogstrup for CEO
Software firm ULS Technology tapped Jesper With-Fogstrup to take over as chief executive officer on Monday.
China to sanction Boeing, Raytheon, Lockheed over Taiwan arms sales
China said it would impose sanctions on Boeing, Lockheed Martin and Raytheon for their involvement in arms sales to Taiwan.
United Carpets trades robustly since reopening
Carpet and floor coverings retailer United Carpets said on Monday that trading had been "robust" since reopening its stores on 22 May, with like for like sales growing 23. 8% in the 19 weeks ended 1 October.