Market Report
Monday newspaper round-up: Gambling industry, rate hikes, Unilever
Britain’s biggest cities have lost almost a year’s worth of sales during the coronavirus pandemic as lockdowns and a lack of office workers and tourists caused a collapse in consumer spending. As offices have started to reopen following the relaxation of plan B restrictions, the Centre for Cities said Covid-19 had “levelled down” historically more prosperous high street destinations. - Guardian .
US close: Stocks end session higher as Dow stages biggest comeback since March 2020
Wall Street stocks closed slightly higher on Monday as market participants piled on battered tech stocks following a sharp sell-off at the end of last week.
US open: Stocks continue to fall ahead of this week's Fed policy meeting
Wall Street stocks were sharply lower yet again early on Monday as market participants braced for another week of corporate earnings and a key policy decision from the Federal Reserve Bank.
Europe close: Stocks sell off amid geopolitical tensions, Fed rate hike fears
European shares were walloped at the start of the week amid rising tensions on the border between Russia and Ukraine, even as investors were aleady fretting about the pace of potential interest rate hikes in the US.
London close: Stocks firmly weaker after 'brutal' start to week
London stocks closed well below the waterline on Monday, after a survey showed that business growth in the UK slid to an 11-month low in January, while growing tensions between Russia and Ukraine also weighed on sentiment.
Friday preview: UK public sector borrowing, Microsoft in the spotlight
The market spotlight on Tuesday will be on the UK government's finances at the end of 2021 and an update from US technology giant Microsoft.
Activity in US services sector comes to near standstill in January, survey shows
The arrival of the Omicron variant in the US brought activity in the country's services sector to a near standstill, the results of a closely-followed survey revealed.
FTSE 100 movers: Barratt hit by downgrade; Unilever rallies
London’s FTSE 100 was down 2. 3% at 7,323. 40 in afternoon trade on Monday.
Broker tips: Hargreaves Lansdown, J Sainsbury, Barratt Developments, Bellway, Berkeley Group
Bank of America Merrill Lynch upgraded Hargreaves Lansdown to 'buy' for the first time on Monday as it said the company's gearing to rate rises and potential benefits from increased engagement in share trading are underappreciated.
FTSE 250 movers: Chilly for Baltic as markets hit by sell off
The FTSE 250 was down 3. 3% at 21,499. 57 at 1510 GMT as stocks were hit by a global sell-off as tensions in Ukraine heightened.
Getir to spend £100m, add 6,000 jobs in UK this year
Hurried grocery delivery firm Getir took the wraps off bold UK expansion plans on Monday, involving up to 6,000 new jobs.
Cake Box acknowledges errors in annual results as shares slide
Cake Box noted the slump in its share price on Monday and cited recent commentary from a retail investor blogger regarding transcription errors in its full-year results.
Netflix may potentially lose 750,000 UK subscribers to Disney
Streaming giant Netflix could lose as many as 750,000 UK subscribers as rival Disney takes back exclusive control of titles like Modern Family, How I Met Your Mother, and Sons of Anarchy as part of an effort to bolster its own platform.
Croma enters strategic partnership with FinGo
Croma Security Solutions has entered into a new strategic partnership with biometric identity authentication and payments platform FinGo, it announced on Monday.
BofA Merrill Lynch ups Hargreaves Lansdown to 'buy'
Bank of America Merrill Lynch upgraded Hargreaves Lansdown to ‘buy’ for the first time on Monday as it said the company’s gearing to rate rises and potential benefits from increased engagement in share trading are underappreciated.
Destiny Pharma reports success in US C. diff trial
Clinical-stage biotechnology company Destiny Pharma announced the successful outcome of its cooperative research and development agreement with the US Department of Veterans Affairs (VA) on Monday.
MyHealthChecked reports strong fourth quarter of trading
Consumer medical home-testing company MyHealthChecked confirmed in an update on Monday that it continued to experience strong trading throughout the fourth quarter of 2021, due to increased demand for reinstated day-two arrivals PCR test kits, as well as the launch of its rapid antigen test and verification service for inbound and outbound travellers.
Berenberg slightly raises target price on Sainsbury's following Q3 results
Analysts at Berenberg slightly raised their target price on grocery giant J Sainsbury from 275. 0p to 285. 0p on Monday following the group's third-quarter results.
Driver Group declares dividend after fall in revenue, earnings
Engineering and construction consultancy Driver Group reported an 8% decrease in revenue in its preliminary results on Monday, as it declared a final dividend of 0. 75p per share.
Mirriad sees strong growth in key US market
In-content advertising technology company Mirriad said in a trading update on Monday that total revenue for 2021 was expected to be about £2m.