Latest News
Adam Waugh to lead BlueRock Diamonds
BlueRock Diamonds announced some management changes on Monday, primarily the appointment of Adam Waugh as CEO of the group.
FTSE 250 movers: Lancashire gains on Citi upgrade; Beazley drops
London’s FTSE 250 was down 0. 2% to 16,882. 17 in afternoon trading as investors continued to mull over the weekend’s failed meeting of oil producers in Doha.
Monday broker round-up
Thomas Cook: Berenberg upgrades to hold with a target price of 105p and Goldman Sachs reiterates sell with a 94p target.
Germany's economy strengthened further in the first quarter
Germany’s economy may have accelerated in the first quarter of the year, thanks to robust domestic demand, the country’s monetary authority said.
FTSE 100 movers: Travel shares shine on Berenberg report
Travel and leisure shares were in favour as the FTSE 100 index traded slightly lower, down 0. 38% to 6,319 at 1435 BST.
Eurasia Mining receives final permit for West Kytlim
Eurasia Mining celebrated a major milestone on Monday, receiving the last of the necessary permits to begin mining at its West Kytlim alluvial platinum project in Russia’s Ural Mountains.
James Millen takes the helm at Physiomics
Physiomics had a new man at the helm on Monday, confirming Dr James Millen was taking the reins as CEO with immediate effect.
UK 'Brexit' would hit GDP, tax receipts: Osborne
The UK economy would be 6% smaller by 2030, leaving a potential £45bn hole in public finances if Britons voted to leave the EU, according to analysis to be published by the Treasury on Monday.
Credit Suisse upgrades Worldpay, highlights structural growth
Credit Suisse upgraded Worldpay to ‘outperform’ from ‘neutral’ saying the share price weakness after the 2015 results was the opportunity it had been waiting for to turn more positive on the stock.
Results round-up
Consumer products firm Reckitt Benckiser described its first quarter as “good” on Monday, despite a number of challenging trading conditions, with sales growing 5% on a like-for-like basis and 4% on an actual basis to £2. 3bn.
Hurricane Energy raise £52m in placing
Oil and gas explorer Hurricane Energy said it had raised £52. 1m through a share placing in a deal that will see private equity firm Kerogen Capital help finance drilling at two wells on the Lancaster field in England's north-west.
HSBC looking at share buy-back
HSBC was reported to be looking at possibly buying back shares on Monday.
Morgan Stanley first quarter profit slumps but tops views
Morgan Stanley posted a 54% drop in first-quarter net income as revenue from the trading and investment banking divisions were dented by market volatility.
Broker tips: Centamin, TUI, RBS
Numis reiterated an ‘add’ rating on Centamin and raised the target price to 110p from 100p after the miner reported a jump in first quarter production.
Numis raises Centamin's target price after Q1 production update
Numis reiterated an ‘add’ rating on Centamin and raised the target price to 110p from 100p after the miner reported a jump in first quarter production.
CaixaBank tables second bid for Portugal's BPI
Spain's CaixaBank offered to purchase the remainder of Portugal's Banco BPI SA despite its inability over the weekend to reach a deal with one of the largest shareholders in its rival.
Europe midday: Stocks pare losses as investors continue to digest Doha meeting
European stocks pared earlier losses to trade near the flat line, with oil prices off lows as investors continued to mull over Sunday’s meeting of oil producers in Doha, which did not result in the production freeze many had been expecting.
London midday: Stocks slide as oil prices fall and Osborne warns on Brexit
London stocks were in the red on Monday as oil prices declined after weekend talks between global producers collapsed.
SolGold operations unaffected by Ecuador earthquake
SolGold worked to assure the market it was left unscathed by a large earthquake in Ecuador on Monday, and promised a sum of money to assist those who were affected.
ARM Holdings slides on Apple concerns, Jefferies downgrade
Chip designer ARM Holdings was under the cosh amid reports Apple - one of its biggest customers - will continue its reduced production of iPhones due to sluggish sales. At the same time, a downgrade to ‘hold’ from ‘buy’ from Jefferies weighed on the stock.