Market Report
London close: Stocks fall as investors recalibrate rate hike expectations
London stocks were knocked lower on Monday by the prospect of further rates hikes from the Federal Reserve and as Sino-US tensions dented sentiment.
Europe close: Stocks slip as investors mull outlook for interest rates
European shares were mostly lower at the start of the week after the previous Friday's US payrolls data sparked worries about a longer timetable for interest rate rises, while tensions between Washington and Beijing were heightened after a Chinese surveillance balloon was shot down in American airspace.
Broker tips: Virgin Money UK, Taylor Wimpey, On the Beach
Analysts at Berenberg raised their target price on lender Virgin Money UK from 170. 0p to 195. 0p on Monday but cautioned that "relative challenges" may worsen.
Director dealings: Cambridge Cognition CEO makes share purchase
Cambridge Cognition revealed on Monday that chief executive Matthew Stork had acquired 13,500 ordinary shares in the AIM-listed technology company.
FTSE 100 movers: Ocado, Hargreaves in the red
London’s FTSE 100 was down 0. 9% at 7,830. 10 in afternoon trade on Monday.
M&Co to shutter all 170 stores
Clothing retailer M&Co will close all 170 of its stores after falling into administration back in December, resulting in the loss of as many as 1,900 jobs.
FTSE 250 movers: Vesuvius craters, Plus500 scores on licence win
FTSE 250 (MCX) 20,371 -1. 08% at 1515 GMT.
US open: Stocks head south as investors await more earnings
Wall Street stocks were in the red early on Monday as traders prepped for another week jam-packed with earnings and comments from Federal Reserve chairman Jerome Powell.
Liberum downgrades Taylor Wimpey on valuation grounds
Liberum downgraded Taylor Wimpey on Monday as it took a look at the UK housebuilding sector.
Gousto cuts valuation after share sale - report
Meal kit delivery service Gousto has reportedly cut its valuation after raising tens of millions of pounds in additional funding to help see it through a volatile economic period.
Canaccord Genuity hikes price target for On the Beach
Analysts at Canaccord Genuity raised their target price on online holiday retailer On the Beach from 193. 0p to 248. 0p on Monday, stating the group's move to premium offerings was starting to "pay off".
Europe midday: Falls extend as US pops China's balloon, rate fears persist
European shares extended losses on Monday after Friday's US payrolls data sparked worries about a longer timetable for interest rate rises, while tensions between Washington and Beijing were heightened after a Chinese surveillance balloon was shot down in American airspace.
Barclays downgrades Virgin Money after strong share price performance
Barclays downgraded Virgin Money on Monday to ‘equalweight’ from ‘overweight’ following a strong share price performance over the last six months.
US pre-open: Futures trade lower as traders brace for more earnings
Wall Street futures were in the red ahead of the open on Monday as traders prepped for another week jam-packed with earnings and comments from Federal Reserve chairman Jerome Powell.
Danaher said to be interested in Catalent, shares surge
US life sciences company Danaher Corp. has reportedly expressed takeover interest in contract manufacturer Catalent.
London midday: Stocks fall amid Sino-US tensions, Fed rate hike fears
London stocks were firmly in the red by midday on Monday as Sino-US tensions and the prospect of further rates hikes from the Federal Reserve dented sentiment.
Eurozone retail sales fall more than expected in December
Eurozone retail sales fell a little more than expected in December, according to figures released on Monday by Eurostat.
BoE's Mann says further rate hikes more likely than not
Bank of England rate-setter Catherine Mann said on Monday that further interest rate hikes are still more likely than not.
Berenberg raises target price on Virgin Money
Analysts at Berenberg raised their target price on lender Virgin Money UK from 170. 0p to 195. 0p on Monday but cautioned that "relative challenges" may worsen.
UK construction activity falls at fastest pace since May 2020
Activity in the UK construction sector fell in January at its fastest pace since May 2020 as house building took a hit, but business optimism rebounded, according to a survey released on Monday.