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FTSE 100 movers: Entain surges on update; Burberry out of fashion
London’s FTSE 100 was up 1% at 8,263. 82 in afternoon trade on Monday.
Jefferies upgrades Rightmove, says offer from REA Group 'probable'
Jefferies upgraded Rightmove on Monday to ‘hold’ from ‘underperform’ and lifted the price target to 720p from 450p as it said an offer was "probable" after Australia’s REA Group confirmed it was considering a possible cash and share offer for the property portal.
London midday: Stocks maintain gains; Entain surges on update
London stocks were still firmly in the black by midday on Monday, recovering from heavy losses at the end of last week on the back of a disappointing US non-farm payrolls report and helped along by a strong performance from Entain.
Hostmore abandons pursuit of TGI Fridays, shares tumble
Hostmore tumbled on Monday as the restaurant operator said it was abandoning its pursuit of TGI Fridays after it lost an important revenue stream.
Burberry, Kering slump on Barclays downgrades
Luxury brands Burberry and Kering slumped on Monday as Barclays downgraded its stance on the shares to ‘underweight’ from ‘equalweight’ on structural concerns related to China.
London open: Stocks gain after Friday's losses; Entain jumps
London stocks rose in early trade on Monday, recovering from heavy losses at the end of last week on the back of a disappointing US non-farm payrolls report.
Assura appoints Steven Noble to newly-created role of CIO
Specialist healthcare property investor and developer Assura said on Monday that it has appointed Steven Noble to the newly-created role of chief investment officer to support the business' short and long-term growth strategy.
London pre-open: Stocks seen higher after last week's losses
London stocks were set to gain at the open on Monday following heavy losses at the end of last week.
Monday newspaper round-up: HSBC, CGT, Asda
HSBC is recruiting hundreds of bankers to serve rich clients in the UK as it looks to head off growing competition from British rivals and take a larger slice of the wealth management market. Europe’s biggest bank is hoping to fortify the UK arm of its wealth and private banking operations by bulking up its team of relationship managers, who offer bespoke services and advice to rich clients in exchange for lucrative fees. – Guardian.