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Bitcoin surges on reports Amazon will allow crypto payments
Cryptocurrency prices surged on Monday amid market rumours that Amazon could soon accept Bitcoin tokens as payment after the e-commerce giant advertised for a digital currency and blockchain product lead.
Monday broker round-up
Ultra Electronics: Berenberg keeps at 'buy' but hikes target price from 2,730. 0p to 3,500. 0p.
Europe close: Stocks steady ahead of slew of corporate updates, Fed
European stocks finished on a mixed note after regulatory worries hit Chinese markets and ahead of a busy week for corporate earnings and economic data.
Tuesday preview: US data, Reckitt Benckiser in focus
The economic spotlight will be on the US on Tuesday, with durable goods orders figures for June set for release.
London close: FTSE claws back most losses as sterling flies
London stocks finished in a mixed state on Monday, with the top-flight index managing to claw back most of its losses by the close, after a session where dollar-earners paced the decline amid a rally for the pound.
Director dealings: Watkin Jones chairman-designate makes share purchase
Watkin Jones revealed on Monday that chairman-designate Alan Giddins had acquired 64,000 ordinary shares in the AIM-listed residential rental property developer and manager.
No breakthrough at latest US-China talks
Talks between top Chinese and US diplomats on Sunday and Monday reportedly ended in stalemate as China refused to budge on multiple foreign policy issues.
Broker tips: Royal Mail, B&M European Value Retail, Beazley
Analysts at Liberum kept their recommendation on shares of Royal Mail Group at 'hold', pointing out to clients the multiple headwinds that the parcel delivery company was facing.
Water companies to share cost of bad debt with business customers
The water regulator will permit water suppliers to raise prices for businesses and other non-household customers from next year, in a bid to offset the costs of higher amounts of bad debt amid the Covid-19 pandemic.
Berenberg expects Ultra Electronics takeover to proceed, hikes target price
Analysts at Berenberg hiked their target price for shares of Ultra Electronics sharply, from 2,730. 0p to 3,500. 0p and labelled the takeover proposal tabled by Cobham "attractive".
Tesco Bank to close all current accounts by November
Tesco Bank on Monday said it was closing its current account operation from November, leaving 213,000 customers to make new arrangements.
Aon, Willis Towers abandon $30bn merger
Aon and Willis Towers Watson have abandoned a $30bn merger that would have created the world’s biggest insurance broker, after the US Department of Justice objected on competition grounds.
Longboat Energy pleased with progress at Egyptian Vulture
North Sea-focussed exploration and production company Longboat Energy updated the market on its operations on Monday, reporting that at the Egyptian Vulture exploration well, it had been informed by the operator Equinor ASA that the prospect, where it holds a 15% working interest was on-track to spud in late August, using the West Hercules semi-submersible drilling rig.
DeepVerge upbeat on expansion of operations
DeepVerge updated the market on its operations on Monday, reporting that additional investment from its recent £10m placing had facilitated the completion of a laboratories upgrade in York, providing capacity for processing up to 20,000 ‘Skin Trust Club’ home test kits each month for the UK market, subject only to delivery of gene sequencing machines, which was expected in early September.
FTSE 250 movers: Ferrexpo gains; Ultra Electronics falls after Friday's surge
London’s FTSE 250 was 0. 2% firmer at 22,923. 89 in afternoon trade on Monday.
US open: Stocks mixed ahead of busy week for tech earnings
Wall Street stocks were mixed early on Monday as investors prepared for a tech-heavy week on the earnings front.
TP Group completes 'detailed review' of business
TP Group announced the completion of a “detailed review” of its business on Monday, reporting that it had identified a number of opportunities to “significantly improve” performance.
Starling Bank buys Fleet Mortgages in £50m deal
UK online bank Starling said it has bought specialist buy-to-let mortgage lender Fleet Mortgages in a £50m cash and share deal.
Journeo secures £0.8m tender with Aberdeenshire council
Information systems and transport technical services company Journeo has secured a tender valued at £0. 8m for real-time passenger information (RTPI) systems and services for Aberdeenshire County Council, it announced on Monday.
FTSE 100 movers: IAG flies higher; B&M hit by downgrade
London’s FTSE 100 was up 0. 1% at 7,036. 23 in afternoon trade on Monday.