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J.P. Morgan says weakness in stock market indices will not persist
Equity strategists at JP Morgan reiterated their forecast for a "significant" internal rotation heading into year-end, further telling clients that fears of stagflation might soon ease and that weakness in stock market indices was unlikely to last.
US open: Stocks trade higher as market participants brace for Q3 earnings
Wall Street stocks were in the green early on Monday as market participants geared up for the start of third quarter earnings season later in the week.
FTSE 100 movers: Miners boosted by rising metals prices; Ocado in the red
London’s FTSE 100 was up 0. 5% at 7,131. 00 in afternoon trade on Monday.
Equals maintains record trading through third quarter
Payment technology company Equals said in a trading update on Monday that the record start to the third quarter, which it reported at its interim results on 14 September, had been sustained throughout the rest of the period, generating revenues of £11. 7m.
Polarean installs xenon polariser system at Vancouver hospital
Medical imaging technology company Polarean Imaging announced the installation of its 9820 xenon polariser system at BC Children's Hospital in Vancouver on Monday.
Peel Hunt downgrades Asos, cuts price target after profit warning
Peel Hunt downgraded its stance on Asos on Monday to ‘add’ from ‘buy’ and slashed the price target to 5,000p from 6,500p after the online fashion retailer announced the departure of its chief executive and warned on profits.
Glaxo unveils plans for £120m consumer healhcare HQ ahead of split
GlaxoSmithKline on Monday unveiled plans for a new £120m base for its consumer healthcare operations as it prepares to split into two listed firms.
Oracle Power signs green hydrogen cooperation deal with PowerChina
Natural resources project developer Oracle Power has signed a non-exclusive cooperation agreement with PowerChina International Group, it announced on Monday, with the objective of jointly developing a green hydrogen production facility in Pakistan.
Merck and Ridgeback file with FDA for emergency approval of Covid-19 medicine
Merck and Ridgeback Biotherepautics have filed for Emergency Use Approval of their oral antiviral for mild-to-moderate cases of Covid-19 with America's lead regulator, the U. S. Food and Drug Administration.
Manx buys out remaining 60pc share of BLX
Manx Financial Group announced on Monday that its wholly-owned subsidiary Bradburn has exercised its option to acquire the remaining issued share capital of the Business Lending Exchange (BLX) from its existing shareholders.
CF Fertilisers to up CO2 prices as taxpayer support ends
The UK’s main carbon dioxide producer is to hike its prices in a government-brokered deal, it was announced on Monday.
Berenberg initiates coverage on 'home and living' retailers
Analysts at Berenberg initiated coverage on a number of UK-based retailers on Monday following two "boom years" for the "home and living" sector as a result of the Covid-19 pandemic.
Credit Suisse report into Greensill collapse said to be delayed
An internal report into Credit Suisse’s role surrounding the Greensill Capital collapse has been delayed, it was reported on Monday.
Tungsten West looks to cash-in on 'green transition' with AIM float
Tungsten West is looking to float on the Alternative Investment Market via an institutional placing and subscription.
US pre-open: Stocks lower as investors await Q3 earnings later in the week
Wall Street futures were in the red ahead of the bell on Monday as market participants geared up for the start of third-quarter earnings season later in the week.
Europe midday: Shares down as investors fret over inflation; Asos slumps
European stocks were slid lower at midday on Monday as investors fretted about persistent inflationary pressure while rising commodity prices lifted mining and energy shares.
Europe open: Shares flat as oil prices surge, Asos slumps
European stocks were flat at the opening of the week as investors stayed on the sidelines ahead of the third quarter earnings season and a surge in commodity prices boosted miners.
ReNeuron upbeat on positive data from Spain collaboration
Exosome therapeutics developer ReNeuron announced positive data on Monday that it said provided “clear preclinical proof-of-concept” that its novel exosome drug delivery technology could effectively deliver therapeutic proteins to the specific region of the brain affected by several neurological diseases.
Heathrow Sept passenger numbers at 38% of 2019 levels
London’s Heathrow airport on Monday said September passenger numbers hit 38% of pre-pandemic levels, as it called for the UK to expand the use of sustainable aviation fuels to cut carbon emissions.
Good Energy still trading in line, restarts dividend
Renewable energy supplier Good Energy updated the market on its trading for the first nine months of the year on Monday, reporting that despite ongoing volatility in the UK energy sector and low wind speeds in the third quarter, there was no change to its full-year expectations.