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US close: Dow Jones and S&P 500 turn in worst showing in more than two months
Wall Street stocks closed sharply lower on Monday as major indices recorded their worst performance in more than two months on the first day of trading for 2021.
Broker tips: Tesco, ABF
Analysts at Barclays reinstated their 'overweight' recommendation for shares of Tesco on Monday, pointing to the shares' underperformance across 2020 and multiple tailwinds.
Europe close: Stocks start 2021 on front foot, but end day off best levels
European shares finished the first session of the year higher, driven by the Brexit trade agreement, but uncertainty ahead of two run-off votes for the US Senate the next day dragged stockmarkets off their best levels.
UTLC confident on outlook for demand of Eurasian rail services in 2021 and beyond
United Transport and Logistics Company – Eurasian Rail Alliance sounded a confident note on the outlook for the firm in the year ahead following a bumper 2020.
ShoreCap stays at 'buy' on ABF, sees 'considerable merit' in shares
Analysts at Shore Capital reiterated their 'buy' recommendation for shares of Associated British Foods, even after the firm warned of the impact that tighter-than-expected restrictions would have on its topline.
London close: Stocks kick off new year in positive mood
London stocks closed in positive territory on Monday, kicking off the new year in style amid optimism over the latest Covid vaccine rollout, while deal news also provided a boost.
Tuesday preview: Georgia, UK GDP on investors' minds
Elections in the US state of Georgia and a revised reading on third quarter gross domestic product will be foremost on the minds of investors in the UK and elsewhere.
UK economy shrank by close to 11% in 2020, says Deutsche Bank
The UK economy likely shrank by close to 11% in 2020, according to Deutsche Bank, marking the worst annual contraction in three centuries.
Director dealings: Bluejay Mining CEO lowers stake
Bluejay Mining revealed on Monday that chief executive Roderick McIllree had disposed of 20. 0m ordinary shares in the AIM-listed exploration and development firm.
Fiat Chrysler and Peugeot shareholders vote for merger
Shareholders of Fiat Chrysler and Peugeot's parent group have voted resoundingly for a merger of the companies to create the world's fourth biggest carmaker after two years of talks.
ABF now sees bigger hit to sales from Covid-19 restrrictions
The tightening of lockdown restrictions to combat Covid-19 will take a higher-than -expected toll on Associated British Food's top line.
Panthera agrees to extend Kalaka sale completion date
West Africa and India-focussed gold exploration and development company Panthera Resources announced on Monday that it has agreed with Moydow Holdings to extend the date for completion of the sale of the Kalaka gold project to Moydow to 14 January.
FTSE 250 movers: Tui shoots higher; easyJet flies lower
London’s FTSE 250 was up 0. 3% at 20,540. 11 in afternoon trade on Monday.
Barclays reinstates Tesco at 'overweight' on expected outperformance in 2021
Analysts at Barclays reinstated their 'overweight' recommendation for shares of Tesco on Monday, pointing to the shares' underperformance across 2020 and multiple tailwinds.
US open: Stocks lower as 2021 trading kicks off
Wall Street stocks opened lower on Monday as major indices looked set to take a bite out of last year's record-setting gains on the first day of trading for 2021.
Airbus might reach 560 jet deliveries in 2020, ahead of expectations
Stock in Airbus started 2020 on the front foot in the wake of reports that it was on track to meet the top end of its internal forecast for aircraft deliveries.
Johnson to set out English lockdown as Covid-19 infections soar
Boris Johnson is preparing to announce an English lockdown on Monday evening to try to stem rapidly rising Covid-19 infection rates.
US construction spending rises in November
US construction spending rose 0. 9% month-on-month to a seasonally adjusted annual rate of $1. 46trn in November, according to the Census Bureau, following an upwardly revised 1. 6% growth in October.
US manufacturing accelerates at fastest pace in six years
US manufacturing activity accelerated at the fastest pace seen in six years during December amid the strongest pricing environment for goods producers since 2011 despite the Covid-19 pandemic.
Tiziana completes Covid-19 study in Brazil
Biotechnology company Tiziana Life Sciences announced the completion of its clinical study in Brazil on Monday, investigating nasally-administered Foralumab - its proprietary human monoclonal antibody - either alone or in combination with orally administered dexamethasone in Covid-19 patients.