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Tuesday preview: China CPI, ZEW index in focus
The market spotlight on Tuesday will shift to Asia where Chinese authorities will publish the first of the week's main economic reports, covering inflation in the world's second-largest economy.
US close: Major indices end session lower amid rotation out of growth stocks
Wall Street stocks closed lower on Monday, with last week's ransomware attack on a major US fuel pipeline and a rotation out of growth stocks both dominating the session.
UK retail sales rise after easing of lockdown - BRC
UK retail sales rose 7. 3% in April, boosted by strong demand after non-essential stores reopened, industry figures showed.
Europe close: Indices mostly flat even as miners extend run higher
European stocks were mostly higher on Monday, with British stocks the main exception as the pound moved above $1. 41 for the first time since February.
London close: Stocks slightly weaker as sterling surges
London stocks finished just below the waterline on Monday as a stronger pound offset the positive sentiment around the lifting of Covid-19 restrictions.
Broker tips: St Modwen, Midwich, Berkeley
Stifel downgraded its stance on shares of St Modwen to 'hold' from 'buy' on Monday but lifted the price target to 542. 0p from 450. 0p, bringing it in line with the proposed takeover offer received by the company from US private equity firm Blackstone last week.
Amino Technologies bids for bankrupt tech firm MobiTV
Television technology company Amino Technologies has submitted a bid through a wholly-owned subsidiary to acquire the trade and assets of MobiTV and MobiTV Services Corporation, a United States-based live and on-demand television platform provider, it announced on Monday.
Treasury said to be mulling £1bn NatWest sale
The government is preparing to sell up to around £1bn of NatWest Group, it was reported on Monday, taking the Treasury closer to minority shareholder status.
Director dealings: Vitec CEO lowers stake
Vitec Group revealed on Monday that chief executive Stephen Bird had disposed of 125,000 ordinary shares in the London-listed video streaming solutions provider.
BioNTech raises sales guidance, touts progress on oncology pipeline
BioNTech revised its full-year sales forecast higher on the back of feverish demand for its Covid-19 vaccine and announced further progress in oncology pipeline.
FTSE 250 movers: Greggs on a roll; Provident slumps
London’s FTSE 250 was down 0. 5% at 22,657. 93 in afternoon trade on Monday.
US Covid cases fall 30% in two weeks, inoculations running at 2m shots a day
The average daily rate of new Covid infections in the US fell below 41,000 at the weekend, which was down 30% from two weeks before.
Water Intelligence wins another US national insurance account
Leak detection and remediation technology company Water Intelligence announced another insurance national account win on Monday, its third for the year-to-date.
FTSE 100 movers: Just Eat retreats; miners rally
London’s FTSE 100 was down 0. 3% at 7,110. 86 in afternoon trade on Monday.
Credit Suisse hails IAG target for operating margins, keeps at 'outperform'
Analysts at Credit Suisse reiterated their 'outperform' recommendation and 228. 0 target price on shares of IAG, hailing management's target of returning to an operating margin of 10-15%.
Tech giant CEOs sell over $6bn of stock in 2021
The chief executive officer's of the five major technology companies in the world sold $6. 36bn worth of stock in their firms between January and May 2021, revealed the latest data from Finbold.
Trulieve Cannabis and Harvest agree $2.1bn takeover
Trulieve Cannabis is to snap up Harvest Health & Recreation in a $2. 1bn deal, one of the fledgling industry’s largest-ever.
US open: Dow Jones extends record-setting rally
Wall Street trading got off to a mixed start on Monday, with both energy and cybersecurity stocks in focus following a ransomware attack that shut down a major US fuel pipeline.
Niesr lifts UK growth forecasts as Covid-19 impact starts to ease
The National Institute of Economic and Social Research has upped its growth forecasts for the UK, the influential think-tank confirmed on Monday.