Market Report
Aston Martin Lagonda rallies on HSBC upgrade
Aston Martin Lagonda got a boost on Monday as HSBC upped its stance on the stock to 'buy' from 'hold' and lifted the price target to 550p from 533p, saying the launch of the DBX could be a turning point for the equity story.
Alibaba breaks Singles Day record with over $30.0bn in sales so far
Chinese e-commerce retailer Alibaba broke its sales record on Singles Day and has so far already made over $30. 0bn-worth of sales.
British Airways faces criticism for emitting more CO2 by 'fuel tankering'
British Airways and other airlines have been criticised for “fuel tankering” to save on costs but at the price of higher carbon emissions.
Eco Animal Health slumps on profit warning
Veterinary pharmaceuticals developer Eco Animal Health issued a profit warning on Monday, saying it was hit hard by a recent outbreak of the fatal African swine fever across China and the lingering effects of the US' protracted trade war with the Asian nation.
Just Eat sticks by Takeaway.com deal as Prosus lowers acceptance threshold
Just Eat reaffirmed its commitment to a merger with Takeaway. com on Monday after Prosus tweaked its offer for the London-listed takeaway delivery platform, lowering the level of required acceptances from shareholders.
Monday broker round-up
Lancashire Holdings: JP Morgan upgrades to neutral with a target price of 700p.
Europe midday: Markets fall as luxury stocks drop on Hong Kong chaos
European stocks were lower at lunchtime on Monday, after a weekend of violent protests in Hong Kong sent luxury stocks downward, while Sunday's elections failed to resolve political deadlock in Spain.
Asia report: Most markets fall amid boiling political tensions
Most markets in Asia finished in the red on Monday, with Australasian bourses being the exception, as political and trade tensions remained extraordinarily tight in the region.
US pre-open: Stocks seen lower as US-China trade relations remain in focus
US futures had stocks opening lower on Monday as market participants continued to closely monitor goings-on in US-China trade talks and demonstrations in Hong Kong.
Yew Grove sells non-core asset for EUR 1.1m
Ireland-focussed commercial property investor Yew Grove REIT has reached an agreement to sell one of its non-core industrial properties on Heather Road in Sandyford, for €1. 1m (£0. 94m) to an international investor.
Roche releases positive data from latest 'Gazyva' trial
Roche announced data from the phase 2 ‘NOBILITY’ study investigating the safety and efficacy of ‘Gazyva’, or obinutuzumab, for adults with proliferative lupus nephritis on Monday.
London midday: Stocks extend losses as miners slump, pound gains
London stocks had extended losses by midday on Monday amid worries about Sino-US trade relations and escalating protests in Hong Kong, while the latest GDP reading showed the UK economy avoided a recession despite the slowest annual growth in nearly a decade.
Paul Fletcher joining Vast Resources board as finance director
Mining company Vast Resources announced the appointment of Paul Fletcher as its finance director on Monday, with immediate effect.
Serabi Gold turns in solid third quarter performance
Brazil-focussed gold mining and development company Serabi Gold reported EBITDA of $4. 6m (£3. 59m) in its third quarter results on Monday, swinging from the small loss it made at the same time last year.
UK economy returns to growth in Q3, avoids recession
The UK economy avoided falling into a recession in the third quarter, although year-on-year growth was the weakest in nearly a decade, according to figures released by the Office for National Statistics on Monday.
Ince Group trading in line with market views
Legal and professional services company Ince Group said on Monday that trading was in line with market expectations for the year to the end of March 2020.
Arena Events Group secures funding for new contract wins
Event solutions business Arena Events Group has scored a number of new contracts across its US, UK and Middle Eastern divisions, all of which require upfront funding of some description.
Abcam to buy Expedeon's proteomics and immunology businesses
Research tools supplier Abcam has agreed to buy Expedeon's proteomics and immunology businesses for €120m.
Sirius Minerals outlines two-stage development plan for North Yorkshire mine
Fertiliser development firm Sirius Minerals unveiled plans for the two-stage development of its North Yorkshire polyhalite mine on Monday, with the group looking to secure $600m funding for the project's first stage.
Falanx Group flags 20pc revenue rise in first half
Cybersecurity and intelligence services provider Falanx Group announced on Monday that its interim results for the six months ended 30 September will be released on 3 December.