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London close: Stocks end down as GSK tumbles on litigation woes
London stocks reversed earlier gains to end down on Monday, with GSK weighing heavily on the top-flight index on the back of the latest US court ruling on its heartburn drug Zantac.
Moody's lifts 2024 China growth forecast
Moody’s lifted its 2024 growth forecast for China on Monday to 4. 5% from 4% as it pointed out that first-quarter growth was boosted by trade and manufacturing activity.
FTSE 100 movers: JD Sports rallies; GSK hit by US Zantac ruling
London’s FTSE 100 was flat at 8,276. 38 in afternoon trade on Monday.
Liberum upgrades Pets at Home to 'buy', shares surge
Pets at Home rallied on Monday as Liberum upgraded its stance on the shares to ‘buy’ from ‘hold’ and lifted the price target to 360p from 290p.
Frasers appoints former FRC, HMRC CEO Jon Thompson as non-exec
Mike Ashley’s Frasers Group said on Monday that it has appointed Sir Jon Thompson, former chief executive officer of the Financial Reporting Council, as a non-executive director.
London midday: Stocks stay up but GSK tumbles on Zantac court ruling
London stocks were still in the black by midday on Monday ahead of an expected rate cut by the European Central Bank this week, but GSK tumbled on the back of the latest US court ruling on its heartburn drug Zantac.
Citi upgrades National Grid, cites attractive risk/reward
Citi upgraded National Grid on Monday to ‘buy’ from ‘neutral’ and lifted the price target to 985p from 920p as it cited an attractive risk/reward.
UK manufacturing sector returns to growth in May
The UK manufacturing sector returned to growth in May, with output growing at the fastest pace in more than two years, according to a survey released on Monday.
JPMorgan upgrades St James’s Place, Quilter to ‘overweight’
JPMorgan Cazenove upgraded St James’s Place and Quilter to ‘overweight’ from ‘neutral’ on Monday as it took a look at UK wealth managers.
WH Ireland to sell capital markets business to Zeus for up to £5m
WH Ireland said on Monday that it has agreed to sell its capital markets business to investment bank Zeus Capital for up to £5m.
Baltic Classifieds slumps as Antler sells 40m shares in placing
Baltic Classifieds slumped on Monday after Antler, which is controlled by funds advised by Apax, sold 40m shares in a placing.
London open: Stocks gain ahead of UK manufacturing data
London stocks rose in early trade on Monday, taking their cue from a positive session in Asia, as investors eyed the latest UK manufacturing reading.
China manufacturing PMI ticks up more than expected - Caixin
Activity in China's manufacturing sector grew in May at the fastest rate in two years, according to data released on Monday.
London pre-open: Stocks seen up ahead of manufacturing data
London stocks were set to rise at the open on Monday as investors eyed the latest UK manufacturing reading.
Hollywood Bowl earnings rise, Hunting secures $86m order from KOC
London open The FTSE 100 was called to open around 70 points higher.
Monday newspaper round-up: HSBC, Shein, Nvidia
Union leaders are preparing to ramp up industrial action at two south Wales steelworks, in a further escalation of a row over almost 3,000 job losses that threatens to become a big general election issue. Unite said such moves at the Port Talbot and Llanwern works are planned after the sites’ Indian owner, Tata Steel, threatened to cut redundancy pay as a response to members voting for an overtime ban. – Guardian.