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Bellway resumes dividend as house orders bounce back
Housebuilder Bellway returned to dividend payouts as reservations rose by a third at the start of the new financial year and despite annual profits falling 66% due to the coronavirus shutdown.
Europe open: Shares struggle for direction on UK, US political worries
European shares drifted lower at the opening on Tuesday as political worries in the UK and US dampened sentiment, while news of further coronavirus restrictions also weighed on investors.
DotDigital sees FY revenues growing at greater rate than originally expected
Software-as-a-Service provider DotDigital expects to deliver a greater rate of revenue growth in the current trading year than initially expected.
Tuesday newspaper round-up: ITV, PPE, working lunches
Mervyn King, the Bank of England governor during the financial crisis, has told the government now is not the time to worry about record levels of national debt and that the furlough scheme could be needed throughout 2021. In a warning to ministers that additional support for Britain’s coronavirus-hit economy will be necessary over the winter while tough new local lockdowns are in place, Lord King said the government needed to step in to prevent lasting damage for jobs and growth. - Guardian
London pre-open: Stocks seen lower amid US stimulus doubts
London stocks were set to fall at the open on Tuesday amid ongoing concerns about the coronavirus pandemic and as investors grew doubtful that a US stimulus package will be agreed before the election.
Broker tips: IHG, Ashmore, Trainline, IWG
Peel Hunt has cut both earnings forecasts and its rating on InterContinental Hotels Group, as the Covid-19 pandemic continues to undermine the international hospitality sector.
Director dealings: Mind Gym executives up stakes
Mind Gym revealed on Monday that chairperson Joanne Cash, chief executive Octavius Black and director Sebastien Bailey had all significantly upped their stakes in the AIM-listed firm.
FTSE 250 movers: IWG boosted by upgrade, leisure stocks up
London’s FTSE 250 was up 0.3% at 17,879.75 in afternoon trade on Monday.
London close: Stocks mixed as sterling gains ground
London stocks were mixed at the close on Monday as the pound gained ground, with investors weighing up encouraging data out of China and the prospect of further US stimulus.
AstraZeneca COPD drug wins EU marketing approval
AstraZeneca said its Trixeo Aerosphere had been given marketing authorisation in the European Union (EU) for maintenance treatment in adult patients with moderate to severe chronic obstructive pulmonary disease (COPD).
Midatech reports 'encouraging' results from MTX110 study
Biotechnology company Midatech Pharma announced “encouraging” headline results from a phase 1 study at the University of California, San Francisco (UCSF) in patients with diffuse intrinsic pontine glioma (DIPG) on Monday.
Alibaba takes control of Sun Art in $3.6bn deal
E-commerce giant Alibaba Group has taken a majority stake in Chinese hypermarket chain Sun Art Retail Group in a $3.6bn deal.
IWG risk-reward 'too attractive to miss', says Berenberg
Berenberg upgraded its stance on shares of workspace provider IWG to ‘buy’ from ‘hold’ on Monday, lifting the price target to 350p from 260p as it said the risk/reward investment case is now skewed materially to the upside.
AstraZeneca gets EU approval for Trixeo Aerosphere, John Laing sells Australian wind portfolio
London open The FTSE 100 is expected to open seven points lower on Monday, having closed up 1.49% at 5,919.58 on Friday.
G4S again rejects Gardaworld £3bn bid
Security firm G4S on Monday again rejected GardaWorld’s £3bn offer as the Canadian company posted full details of its 190p-a-share bid.
Monday newspaper round-up: China growth, BT, Autumn Budget
The Chinese economy grew 4.9% between July and September, according to government data, as China becomes the first major economy to recover from the Covid-19 pandemic. The year-on-year expansion, while slightly lower than analyst expectations, represents a dramatic reversal from the first quarter of this year when the economy shrunk by 6.8%, China’s first contraction since 1992 when officials began keeping quarterly GDP data. - Guardian