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UBS downgrades Rio Tinto, says iron ore near inflection point
UBS downgrades shares of miner Rio Tinto to ‘sell’ from ‘neutral’ on Monday as it argued that iron ore is approaching an inflection point.
Prospects for England reopening on 19 July 'looking good', PM says
The prospects for England being able to lift nearly all Covid-19 restrictions in mid-July were looking good, although hassles and delays to international travel might continue, the Prime Minister said.
Record growth in house prices starting to slow - Rightmove
The pace of house price growth has eased, industry data published on Monday showed, as record prices and a shortage of housing stymie demand.
IKEA, Rockefeller foundations to invest $1bn in renewable energy programs
The IKEA Foundation and the Rockefeller Foundation said on Monday they plan to set up a $1bn fund to support renewable energy programs in developing nations.
Olympic Games organisers cap spectators at 10,000 per venue
Olympic Games organisers on Monday limited the number of spectators that will be allowed at each venue of the 2020 Tokyo Games at 10,000.
Rain dampens UK shopper numbers - Springboard
UK shopper numbers fell 3. 1 % in the week to June 19 compared with the previous week, as consumers were deterred by rain and delay in Covid lockdown easing, data from researcher Springboard revealed on Monday.
US pre-open: Futures trade higher following Wall Street's worst week since October
Wall Street futures were in the green ahead of the bell on Monday as major indices looked set to attempt a bounce back from their worst week since October.
Europe midday: Shares rally on £5.5bn private equity bid for Morrisons
European shares rallied by lunchtime on Monday as a £5. 5bn private equity bid for UK supermarket chain Morrisons sparked speculation of a higher offer.
Europe open: Shares down as travel stocks offset Morrisons bid buzz
European shares fell at the opening on Monday as weaker travel-related stocks offset a sharp rise in the retail sector on the back of a £5. 5bn bid for UK supermarket chain Morrisons.
Deutsche Bank upgrades St James's Place to 'buy'
Deutsche Bank has upgraded its rating on St James’s Place to ‘buy’, arguing that there is now better visibility surrounding the firm's long-term financial targets.
London midday: Stocks turn positive as supermarkets rally
London stocks had reversed earlier losses to trade up by midday on Monday despite worries about inflation, as Morrisons led supermarkets higher after rejecting a £5. 5bn takeover offer.
UK Oil & Gas making rapid progress in Turkey
UK Oil & Gas announced on Monday that, following completion of the Basur-3 appraisal well's drilling pad and finalisation of the rig contract, the Oceanmec Karahan ZJ40DZ rig had now been mobilised to the site from western Turkey.
Remote working set to stay in London - survey
London-based firms are unlikely to insist workers return to the office full-time once Covid-19 restrictions are lifted, a survey published on Monday found.
Jefferies downgrades SSE to 'hold' over balance sheet concerns
Analysts at Jefferies downgraded Scottish energy company SSE from 'buy' to 'hold' on Monday, stating that an expected increase to capex could possibly leave the group's balance sheet somewhat stretched.
Wameja shares rise as settlement deal proceeds
Wameja, a joint venture partner of Mastercard in the ‘HomeSend’ global payments service, said on Monday that the settlement agreement it announced on 18 June had now been executed by all parties.
Malvern optimistic after pandemic hammers 2020 revenues
Education company Malvern International reported a 60% fall in revenues from continuing operations in its final results on Monday, to £1. 9m.
Asia report: Japan leads equities lower as China holds interest rates
Stocks closed in a mixed state in Asia on Monday, led by falls on the Japanese bourse, as China’s central bank held interest rates steady in its latest decision.
Bitcoin tumbles as China intensifies crackdown
Cryptocurrency prices tumbled on Monday after China intensified its crackdown on Bitcoin mining.
Credit Suisse initiates coverage of Howden Joinery at ‘outperform’
Credit Suisse initiated coverage of Howden Joinery at ‘outperform’ on Monday, with a 900p target price, as it said the group should benefit from an increasingly positive kitchen market in the near term.