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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.
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.
Software-as-a-Service provider DotDigital expects to deliver a greater rate of revenue growth in the current trading year than initially expected.
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 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.
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.
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.
London’s FTSE 250 was up 0.3% at 17,879.75 in afternoon trade on Monday.
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 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).
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.
E-commerce giant Alibaba Group has taken a majority stake in Chinese hypermarket chain Sun Art Retail Group in a $3.6bn deal.
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.
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.
Security firm G4S on Monday again rejected GardaWorld’s £3bn offer as the Canadian company posted full details of its 190p-a-share bid.
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