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FTSE 250 movers: Cranswick rallies on update; easyJet flies lower
London’s FTSE 250 was up 0. 2% at 17,766. 26 in afternoon trade on Monday.
FTSE 100 movers: Miners rally on China stimulus; travel stocks hit
London’s FTSE 100 was up 0. 7% at 6,130. 45 in afternoon trade on Monday.
Ryanair to cut capacity by 20% as bookings weaken
Ryanair said on Monday that it will cut flight capacity in September and October by 20% as bookings have taken a hit in the last 10 days due to Covid-19 restrictions.
Jefferies ups Burberry to ‘hold’ after underperformance
Jefferies upgraded Burberry to ‘hold’ from ‘underperform’ on Monday, lifting the price target to 1,400p from 1,250p given recent underperformance and its conviction that metrics will move sideways now rather than deteriorate.
Diageo to buy Aviation Gin and Davos Brands for up to $610m
Drinks giant Diageo has agreed to buy Aviation American Gin through the acquisition of Aviation Gin and Davos Brands for up to $610m.
Heatwave weighs on high street footfall - Springboard
Exceptionally hot weather weighed on high street footfall last week, according to figures released by retail analyst Springboard on Monday.
London midday: Stocks up slightly despite dire Japan GDP, Sino-US worries
London stocks were in the black by midday on Monday but gains were unspectacular as investors weighed up dire Japanese GDP data and growing tensions between the US and China against a liquidity boost from the People's Bank of China.
Davy upgrades Persimmon on 'impressive' Covid response
Davy upped its stance on shares of housebuilder Persimmon to ‘neutral’ from ‘underperform’ on Monday following the company’s "impressive" response to the Covid-19 crisis.
Sanofi to buy Principia Biopharma for $3.68bn
French pharmaceutical group Sanofi has agreed to buy US rival Principia Biopharma for $3. 68bn, further strengthening its core research and development areas of autoimmune and allergic diseases.
London open: Stocks flit between gains and losses after Japan GDP
London stocks were flitting between small gains and losses in early trade on Monday as investors weighed dire Japanese GDP data and growing tensions between the US and China against a liquidity boost from the People's Bank of China.
Japan suffers worst GDP contraction on record in Q2
The Japanese economy suffered its worst contraction on record in the second quarter as the coronavirus pandemic took its toll.
Housing market sees busiest month in a decade - Rightmove
July was the busiest month for home buying in a decade, according to figures released by property website Rightmove on Monday, boosted by pent-up demand and a reassessment of people’s needs and requirements after the Covid-19 lockdown.
London pre-open: Stocks set for steady start
London stocks were set for a steady open on Monday amid ongoing worries about a second wave of coronavirus infections and its impact on the economy, while trade tensions between the US and China were also expected to weigh on sentiment.
Monday newspaper round-up: JD Wetherspoon, housing market, Debenhams
Fears that relaxed summer socialising will lead to a surge in Covid-19 cases around the UK have been heightened after concerns that JD Wetherspoon is failing to prevent overcrowding in pubs in its 900-strong chain. Concerns about poor social distancing by customers in Wetherspoon pubs followed a surge in visitors during recent hot weather and after the publication of A-level results last Thursday. Customers in a south London pub run by the company said they had not been asked to provide personal details, including mobile phone numbers that can be used in the government’s track and trace system.