Market Report
US close: S&P 500 extends last week's wins another session
Wall Street stocks were in the green at the end of trading on Monday as investors braced for more corporate earnings, some key labour market data and the outcome of the Federal Reserve's two-day policy meeting.
London close: Stocks manage to finish above the waterline
London markets showed resilience on Monday, finishing in the green as investors looked to the start of the US Federal Reserve’s policy meeting.
Broker tips: JD Sports, NatWest
Barclays downgraded JD Sports on Monday to 'equalweight' from 'overweight' and cut its price target for the stock to 140. 0p from 165. 0p after the retailer announced the acquisition of US rival Hibbett last week for $1. 1bn.
Viking expands planned IPO to $1.33bn
Travel company Viking Holdings announced plans on Monday to expand its initial public offering (IPO) in the United States, aiming to raise up to $1. 33bn.
Director dealings: Marshalls CEO makes share purchase
Marshalls revealed on Monday that chief executive Matt Pullen had acquired 13,439 ordinary shares in the FTSE 250-listed landscaping products manufacturer.
FTSE 100 movers: Frasers rallies on buyback; JD Sports hit by downgrade
London’s FTSE 100 was up 0. 2% at 8,153. 26 in afternoon trade on Monday.
Berenberg raises target price on NatWest
Analysts at Berenberg raised their target price on banking group NatWest from 325. 0p to 350. 0p on Monday as it said there was "no reason" for it to trade below tangible book value.
FTSE 250 movers: Playtech on the rise; PureTech Health slips
FTSE 250 (MCX) 19,965. 39 0. 71%.
US open: Dow builds on Friday's gains
Wall Street stocks were in the green early on Monday as investors braced for more corporate earnings, some key labour market data and the outcome of the Federal Reserve's two-day policy meeting.
UMB Financial to buy Heartland Financial in $2bn deal
UMB Financial Corporation said on Monday that it has agreed to buy rival Heartland Financial USA in a $2bn all-share deal.
Itaconix launches two new ingredients
Plant-based polymer specialist Itaconix announced two new ingredients on Monday, designed to enhance the performance of household detergent formulations.
Gatemore calls on Elementis to replace CEO
Activist investor Gatemore Capital Management said on Monday that Elementis was an attractive company that has "lost its direction" as it called for the chief executive to be replaced.
US pre-open: Futures higher as investors await more earnings
Wall Street futures were in the green ahead of the bell on Monday as investors brace for more corporate earnings, some key labour market data and the outcome of the Federal Reserve's two-day policy meeting.
Europe midday: Shares hold gains as Philips soars 42% on payout news
European shares opened higher on Monday as investors eyed central bank rate decisions this week, while shares in Philips and Atos were in focus.
London midday: Stocks maintain gains as Frasers, Anglo rally
London stocks were still in the black by midday on Monday, helped along by gains from the likes of Frasers Group and Anglo American, as investors eyed the start of the Federal Reserve's latest policy meeting.
Europe open: Shares up with eyes on rates; Philips surges on payout
European shares opened higher on Monday as investors eyed central bank rate decisions this week, while shares in Philips and Atos were in focus.
France proposes acquisition of key assets from Atos
The French government has floated the idea of snapping up key assets from heavily indebted technology firm Atos in an effort to keep the company within the country.
European economic sentiment takes a hit in April
Economic sentiment took a hit across both the eurozone and the wider EU in April, according to survey data released on Monday, alongside a downturn in employment expectations.
Barclays downgrades JD Sports on Hibbett acquisition
Barclays downgraded JD Sports on Monday to ‘equalweight’ from ‘overweight’ and cut the price target to 140p from 165p after the retailer announced the acquisition of US rival Hibbett last week for $1. 1bn.
Tesla teams up with Baidu for assisted driving features in China
Electric vehicle manufacturer Tesla looks set to team up with Beijing-based internet company Baidu in mapping and navigation functions for its advanced assisted driving features in China.