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Litigation Capital secures new $50m credit facility
Alternate asset manager and dispute financier Litigation Capital Management announced on Monday that it has secured a $50m credit facility with Northleaf Capital Partners, to provide it with additional investment capital.
UK footfall rises again despite lockdown - Springboard
Footfall across the UK rose last week despite the lockdown and pent-up demand should underpin footfall at non-essential stores once they reopen, according to data released on Monday by retail analysts Springboard.
Monday broker round-up
Glencore: JP Morgan upgrades to overweight with a target price of 350p.
Condor Gold begins drill programme at Cacao prospect
Condor Gold has started a 5,000 metre diamond drill programme at the Cacao prospect of La India Project in Nicaragua, it announced on Monday.
Berenberg lowers target price on Smith & Nephew
Analysts at Berenberg lowered their target price on medical equipment manufacturer Smith & Nephew from £20. 05 to £19. 85 on Monday, stating the group had sacrificed today "for a better tomorrow".
Britishvolt joins Make UK to improve sustainability in the country's energy sector
Britishvolt, the company behind the project to build the UK’s first lithium-ion battery gigaplant, has joined Make UK, the manufacturers’ organisation.
Europe open: Inflation, bond yield fears dampen sentiment
European shares fell at the opening on Monday as caution over rising bond yields, and inflation overshadowed optimism of an economic recovery as Covid vaccine rollouts gathered pace.
GardaWorld says it won't increase G4S offer
Canadian security services firm GardaWorld said on Monday that it will not raise its offer for G4S as it is not prepared to overpay, clearing the path for Allied Universal to buy its London-listed rival.
Finsbury Food interim profits dented by lockdown
Speciality cake maker Finsbury Food posted a drop in interim profit on Monday as revenues were dented by the Covid-19 pandemic.
Europe midday: Shares ease off lows but inflation, bond yield fears persist
European shares moved off morning lows but were still down at midday as worries over rising bond yields and inflation kept a lid on sentiment despite the increased pace of Covid vaccine rollouts.
US pre-open: Stocks firmly lower, Powell testimony and Treasury yields in focus
Wall Street futures had stocks opening firmly in the red ahead of the bell on Monday ahead of Senate testimony from Federal Reserve chairman Jerome Powell tomorrow.
London midday: Stocks fall amid inflation concerns, ahead of Johnson speech
London stocks were still in the red by midday on Monday amid worries about rising inflation, as investors awaited further details of Prime Minister Boris Johnson’s roadmap out of lockdown, much of which was leaked overnight.
IAG boosts liquidity by £2.45bn after loan deal, pension deficit deferral
British Airways owner IAG on Monday said it had boosted total liquidity by £2. 45bn, via a loan deal and deferred pension deficit payments to help it weather the Covid-19 pandemic.
TransferWise rebrands as Wise ahead of IPO
TransferWise has rebranded as Wise after ten years before going public in an expected IPO.
Tertiary begins drilling at Lucky Copper Project
Tertiary Minerals announced that drilling was scheduled to start on Monday on its Lucky Copper Project in Nevada.
Porsche boss warns chip shortage could hit production levels for months
Porsche chief executive officer, Oliver Blume, warned that the global shortage of semiconductor chips could impact production for months.
Clear Leisure raises £1m for cryptocurrency development plans
Clear Leisure has raised £1m before expenses, it announced on Monday, to accelerate the development of its cryptocurrency plans.
GSK and Sanofi start phase 2 trial on refined Covid-19 vaccine
GlaxoSmithKline and Sanofi have started a new clinical trial into their Cobid-19 vaccine candidate with the aim of refining the dosage.
Asia report: Most markets lower, China keeps rates on hold
Most markets in Asia closed in the red on Monday, led by stocks in mainland China, as that country sated expectations by leaving interest rates on hold.
Solid State trading remains 'robust', FY profits expected to beat forecasts
Computing and power products manufacturer Solid State said on Monday that trading since the half-year had continued to be "robust", with revenues expected to be broadly in line with forecasts and profits anticipated to be ahead of consensus estimates.