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FTSE 250 movers: Cineworld surges; Petropavlovsk slides
London’s FTSE 250 was up 0. 5% at 17,704. 91 in afternoon trade on Monday.
FTSE 100 movers: Evraz rallies; Hargreaves Lansdown heads lower
London’s FTSE 100 was up 0. 5% at 6,063. 41 in afternoon trade on Monday.
Appreciate agrees £15m RCF with Santander UK
Financial services business Appreciate Group, formerly Park Group, has agreed a new £15m revolving credit facility with Santander UK.
UK footfall boosted by 'Eat Out to Help Out' scheme
Footfall across UK high streets was boosted last week by the government’s ‘Eat Out to Help Out’ scheme, according to data released on Monday by retail analysts Springboard.
London midday: Stocks maintain gains despite escalating Sino-US tensions
London stocks were still in the black by midday on Monday despite a further escalation of tensions between the US and China.
Barclays downgrades Ocado to 'underweight'
Barclays downgraded its recommendation on Ocado shares to ‘underweight’ from ‘equalweight’ on Monday, as it argued the company is well placed to benefit from a rise in online demand due to the coronavirus pandemic but the stock is expensive.
RBC Capital ups Hastings to ‘sector perform’ on Sampo deal
RBC Capital Markets upgraded Hastings to ‘sector perform’ from ‘underperform’ on Monday, hiking the price target to 250p from 160p after it agreed terms on a £1. 6bn takeover by a consortium led by Finnish insurer Sampo and its biggest shareholder, Rand Merchant Investment Holdings.
Superdry agrees new lending facility; Q1 better than expected
Clothing retailer Superdry said on Monday that it has agreed new £70m lending facility to help it weather disruption from the Covid-19 pandemic and that trading in the first quarter has been ahead of its expectations.
AA rallies as Apollo said to mull £3bn bid
AA shares rallied on Monday following a report that US investment firm Apollo Global Management is considering a £3bn takeover bid for the roadside assistance company and insurer.
London open: Stocks rise on Trump coronavirus relief, China data
London stocks rose in early trade on Monday as investors shrugged off US lawmakers’ failure to agree on a new stimulus package and escalating Sino-US relations, focusing instead on President Donald Trump’s unilateral extension of a relief package.
Polymetal enters into JV with Russia's Rosgeo
Polymetal has announced a joint venture with geological exploration firm Rosgeo to carry out exploration in the Republic of Bashkortostan in Russia.
London pre-open: Stocks seen higher on positive US data
London stocks were set for gains at the open on Monday as investors continue to cheer last week’s stronger-than-expected US jobs data.
Monday newspaper round-up: Travel industry, Twitter, AA
The travel industry has urged the government to rethink its 14-day quarantine policy for holidaymakers as rising coronavirus cases on the continent – including France and Greece – put more countries within the scope of the blunt approach. Testing at airports and regional quarantine requirements are among alternatives put forward by tourism figures concerned by the impact the policy could have on an already battered sector. – Guardian.