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Broker tips: M&S, Kingfisher, ITE Group
Ahead of Marks & Spencer's results on Thursday, Berenberg reiterated its 'sell' recommendation and cut its earnings forecasts for the next three years due to the continuing decline in clothing sales.
Marks & Spencer still a 'sell' for Berenberg as new CEO Rowe takes over
Ahead of Marks & Spencer's results on Thursday, Berenberg reiterated its 'sell' recommendation and cut its earnings forecasts for the next three years due to the continuing decline in clothing sales.
Cambridge Cognition to unveil new software prototype
Cambridge Cognition was preparing to show off its latest wares on Monday, announcing it was to present the first prototype of a ground-breaking new software application to improve the understanding, diagnosis and treatment of mental health, in conjunction with Ctrl Group.
Kingfisher's turnaround plan is not convincing, says Numis
Kingfisher has been given a ‘reduce’ rating by Numis after the company's recent full year results.
FTSE 100 movers: Anglo American up on mine sale, Mondi shunned
The FTSE 100 remained just above the waterline in afternoon trading, though it had pared back gains it made in the morning as investors digested fresh data showing continued expansion in UK construction activity in March.
Canaccord leaves ITE Group at 'hold' after trading update
Canaccord Genuity has kept its ‘hold’ rating and target price of 145p unchanged for ITE Group after the exhibitions organiser reported its first half trading update.
Central London house prices fizzle, demand moves into home counties
New UK housing research on Monday showed that central London house prices have begun to slow to a standstill and that an increasing number of Londoners are moving into the commuter belt around the capital.
Xeros launches software-based hotel laundry product
Platform technology firm Xeros Technology launched a new, digital laundry product aimed at hotels on Monday, which combines a bead with downloadable washing machine software.
FTSE 250 movers: Ocado in favour, but Pets at Home in the dog house
London mid-cap shares traded broadly flat on Monday afternoon, with the FTSE index up 0. 16% at 16,870 points at 1355 BST.
Tesla says 276,000 Model 3 cars already pre-ordered
Electric car maker Tesla said it had received 276,000 pre orders for its yet-to-be-built Model 3 within two days of launch.
US pre-open: Stock futures rise on bets interest rates will remain low
US equities are expected to open higher on Monday on the prospect that interest rates will remain lower for longer.
Europe midday: Monday blues lifts as stocks bounce back
European stocks bounced back from early Monday blues by midday after the region’s unemployment rate shrank to its lowest since 2011, though the war of words about Greek debt broke back into the headlines.
Caza Oil & Gas set to go private
Canada-based Caza Oil & Gas called a special meeting of shareholders on Monday, to consider a proposal that would take the Canadian firm private.
Scancell raises £6.2m in placing and open offer
Scancell revealed the final results of its placing and open offer on Monday, with a few more subscriptions received since the firm’s last update on 1 April.
London midday: Stocks gain after better-than-estimated UK construction PMI
London stocks rose on Monday as a report showed continued expansion in UK construction activity in March.
Branson profits as Alaska Air buys Virgin America for $4bn
Alaska Air has won the battle to take over Virgin America with a higher than expected offer of $57 a share that, all in all, values the carrier at roughly $4bn and is set to earn Sir Richard Branson a healthy profit.
Sirius sees full year earnings in line with expectations
German business park investor Sirius said it expected full year earnings to be in line with expectations, adding it was “well positioned to make a strong start to the new financial year”.
Landore Resources discovers 'significant' gold prospect
Canada-focused miner Landore Resources has unearthed what it said is a "significant" gold prospect at its 100% owned Junior Lake property in Ontario.
Asia report: Japan drags mixed region down
Asian markets started the week mixed, with Japanese shares dragging while others shrugged off better-than-expected US jobs data out on Friday.
Eurozone unemployment falls in February, Eurostat reveals
Unemployment in the euro-area fell slightly in February compared to the previous month, Eurostat revealed on Monday.