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Aston Martin to sue Swiss car dealer over Valkyrie deposits

Aston Martin said on Tuesday that it is suing Swiss car dealer Nebula Project and its board members for failing to pay some customer deposits for orders of the £2.5m Valkyrie sports car and that this will dent full-year profits by up to £15m.

JP Morgan ups British Land and Landsec to 'overweight'

JP Morgan upgraded British Land and Land Securities to 'overweight', supported by a prediction that retail property values were recovering.

Morses Club sees 'steady increase' in customer demand during Q1

Doorstep lender Morses Club said on Tuesday that it had seen "a steady increase" in customer demand in both its home collected credit and digital divisions in the first quarter of the year despite the continued impact of the Covid-19 pandemic on trading.

News UK and BT fail to agree potential tie-up

News UK held talks with telecoms giant BT Group about a prospective commercial partnership, it emerged on Tuesday.

Itim flotation to value company at £48.1m

Itim said it would raise £8m in a flotation that will value the retail marketing group at about £48.1m.

Novacyt swings to huge profit after pivot to Covid test portfolio

Clinical diagnostics specialist Novacyt announced a more-than-twentyfold improvement in group consolidated revenue in its full-year results on Tuesday, to £277.2m, as its gross margin improved to 76.3% in 2020, from 64% in 2019.

London pre-open: Stocks seen up after positive Wall St session

London stocks were set to rise at the open on Tuesday following a positive session on Wall Street.

21 Jun
Bitcoin tumbles as China intensifies crackdown

Cryptocurrency prices tumbled on Monday after China intensified its crackdown on Bitcoin mining.

21 Jun
London close: Grocers lead stocks higher amid reopening optimism

London stocks closed in positive territory on Monday, despite worries about inflation, as Morrisons led supermarkets higher after rejecting a £5.5bn takeover offer.

21 Jun
Tuesday preview: US Federal Reserve, DS Smith in focus

All eyes on Tuesday will be on Federal Reserve chief, Jerome Powell, as he testifies before the US House of Representatives Select Subcommittee on Coronavirus Crisis, at 1900 BST.

21 Jun
Credit Suisse initiates coverage of Howden Joinery at ‘outperform’

Credit Suisse initiated coverage of Howden Joinery at ‘outperform’ on Monday, with a 900p target price, as it said the group should benefit from an increasingly positive kitchen market in the near term.

21 Jun
Morgan Stanley upgrades Ocado after selloff

Morgan Stanley upgraded its recommendation on shares of online supermarket Ocado on Monday to ‘overweight’ from ‘equalweight’ following a selloff.

21 Jun
Moderna to ramp up Covid-19 vaccine production

US biotech Moderna is to ramp up production of its Covid-19 vaccine, it was reported on Monday.

21 Jun
Jefferies downgrades SSE to 'hold' over balance sheet concerns

Analysts at Jefferies downgraded Scottish energy company SSE from 'buy' to 'hold' on Monday, stating that an expected increase to capex could possibly leave the group's balance sheet somewhat stretched.

21 Jun
Remote Monitored Systems signs hydroponics deal with PIC

Remote Monitored Systems has signed an agreement with PIC Consultants, it announced on Monday, to supply a new range of high-grade retail hydroponic nutrients for distribution into the UK hydroponics market.

21 Jun
Ackman SPAC to buy 10% of Vivendi's Universal

Hedge fund billionaire Bill Ackman’s Pershing Square has agreed to buy a 10% stake in Vivendi’s Universal Music Group for $4bn.