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Analysts optimistic on short-term prospects for China, despite February data
Chinese economic data released over the weekend raised concerns activity might be slowing despite government stimulus, but officials said seasonal factors were partly to blame and some economists agreed – at least with a view to the short-term.
MX Oil raises £2.5m ahead of Nigeria deal
MX Oil shored up its available funds as it prepared for a quick-turnaround transaction in Nigeria on Monday, announcing the successful raising of £2. 5m via a placing of 333,333,333 ordinary shares and 66,666,667 warrants over ordinary shares.
FTSE 100 movers: Anglo American up while Admiral slumps
The FTSE 100 was trading up on Monday afternoon, as investors shrugged off weaker Chinese production and consumption data, with miners leading the charge.
US open: Stocks fall ahead of FOMC rate decision
US stocks fell on Monday as oil prices plunged and investors awaited the Federal Reserve’s latest policy announcement.
FTSE 250 movers: NMC surges on results; Stagecoach slumps on downgrade
London's FTSE 250 index was up 0. 7% to 16,709. 59 at 1500 GMT, tracking a generally buoyant tone in markets as investors looked to a series of central bank meetings this week.
Frenkel Topping hikes dividend and wins FCA investment clearance
After posting solid results and lifting the total dividend by a quarter Frenkel Topping has received regulatory clearance to proceed with a transformational new investment management service.
Iran should be allowed to recover market share, Russian energy minister says
Iran should be given an exemption from an agreement between the world’s major oil producers to freeze their current level of output so that it can increase its share of the market, Russia’s energy minister said on Monday.
French central bank chief underlines determination to return inflation to target
The chief of France’s monetary authority emphasised the European Central Bank’s “strong determination” to meet its inflation target and underlined that it still had many policy options at its disposal to meet it.
Jubilee Platinum plant progressing at Dilokong
Jubilee Platinum was making solid progress on the commissioning of its processing plant at the Dilokong Chrome Mine in South Africa, the company said on Monday, despite some delays.
Results round-up
UAE healthcare provider NMC has reported a 46. 7% jump in underlying full year profits of $150. 3m on the back of a 36. 8% rise in revenue to $880. 9m.
Broker tips: Fever-Tree, Admiral, ITV
Investec reiterated its ‘buy’ rating and target price of 740p for Fever-Tree on Monday after the carbonated drinks maker reported a jump in full year profit.
Sell the recent equity rally, says Morgan Stanley
Morgan Stanley cut its 12-month base case target for the S&P 500 index to 2,050 from 2,175 and its base target on the MSCI Europe to 1,300 from 1,500 as it recommended investors sell the recent stock market rally.
Fever-Tree's 'buy' rating reiterated by Investec
Investec reiterated its ‘buy’ rating and target price of 740p for Fever-Tree on Monday after the carbonated drinks maker reported a jump in full year profit.
ITV 'cheap' and advertising outlook not so gloomy, says Morgan Stanley
ITV shares look cheap compared to those of sector peers, said Morgan Stanley as it predicted a better advertising outlook than recent data had suggested.
Metal Tiger rises on approval of ZimNRG purchase
Metal Tiger shares were rising on Monday, as it was confirmed that its partial acquisition of ZimNRG had been approved by the latter firm's shareholders.
Starwood Hotels surges on fresh buyout bid of $76 a share
Shares in Starwood Hotels & Resorts Worldwide surged in pre-market trade after it said it had received an unsolicited buyout bid from a consortium of companies for $76 per share in cash.
Europe midday: Stocks in the black as resources lend support
European stocks rose on Monday, with miners lending support as investors looked ahead to a week packed full of central bank meetings.
London midday: Miners lead equities higher
UK equities edged higher on Monday, with miners leading the charge as investors shrugged off weak Chinese data.
GW Pharmaceuticals rockets on positive results for Dravet epilepsy tests
Shares in GW Pharmaceuticals rocketed up more than 120% after revealed exciting results of its cannabis-based treatment for children with a rare form of epilepsy.
US pre-open: Stocks seen touch lower as attention turns to Fed meeting
US stocks looked set for a marginally lower open on Monday ahead of a week filled with key data releases and the Federal Reserve’s latest policy announcement.