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Europe midday: Stocks push higher as oil advances
European stocks pushed higher on Monday as disappointing Chinese trade data was outweighed by rising oil prices and the scaling back of Federal Reserve rate hike expectations.
RBC upgrades easyJet to 'outperform' citing good entry point
RBC Capital Markets upgraded EasyJet to ‘outperform’ from ‘underperform’ and lifted the price target to 1,500p from 1,450p.
Goldman Sachs cuts forecasts for European, UK equity indices
Goldman Sachs now expects 2016 European earnings per share to decline 2% compared with a previous forecast for 4% growth, but the bank lifted its 2017 growth estimate to 15% from 10% as it expects financials to recover, benefiting from rising inflation and interest rates.
UBS downgrades Restaurant Group on near-term uncertainty
UBS downgraded Restaurant Group to ‘neutral’ from ‘buy’ and slashed the price target to 305p from 780p saying near-term uncertainty outweighs the long-term potential.
London midday: Stocks gain as oil prices rally, Greece announces reforms
UK equities advanced on Monday as oil prices jumped and Greece made positive progress with reforms.
Imagination Technologies rockets as Tsinghua buys 3% stake
Shares in Imagination Technologies rocketed on Monday after it revealed Chinese state-backed conglomerate Tsinghua Unigroup International acquired a 3% stake in the London-listed chip designer.
Iofina cuts losses and makes progress on debt talks
Iofina impressed investors with confirmation of record iodine production, annual losses cut more than expected and encouraging sounds from its bond talks.
US pre-open: Stocks seen touch higher as oil prices rally
US futures pointed to a slightly higher open on Wall Street as rising oil prices helped to offset softer-than-expected Chinese trade data.
Greggs steams ahead in first quarter thanks to salads and breakfasts
With hot food in its belly, Greggs got off to a strong start of the year with a 5. 7% rise in like-for-like sales in spite of the tepid conditions on British high streets.
BMO upgrades Tullow Oil to 'outperform'
BMO Capital Markets upgraded Tullow Oil to ‘outperform’ from ‘market perform’ and lifted the target price to 310p from 200p.
Berenberg cuts Interserve's target price but leaves rating at 'buy'
Interserve shares fell on Monday as Berenberg cut its target price to 520p from 645p after the support service and construction company highlighted contractual issues in a trading update.
Jefferies upgrades Smith & Nephew to 'buy'
Jefferies upgraded artificial knee and hip maker Smith & Nephew to ‘buy’ from ‘hold’ and lifted the price target to 1,375p from 1,044p.
Citi downgrades Centamin again
Centamin continued to be a "top-quality" group but investors were now paying too much for that quality, analysts at Citi said.
Eurozone investor confidence rises more than forecast in May
Eurozone investor confidence rose more than expected in May but remained subdued, according to a report by Sentix on Monday.
Greece approves pension and tax reforms, but analysts less than positive
Greece's parliament approved pension and tax reform measures over the weekend, which analysts said may help the country to clinch access to the emergency funding it required to avoid another recession, although they continued to show concern regarding the medium-term growth potential of the economy.
Nationwide raises maximum mortgage age to 85
Building society Nationwide raised its maximum age limit for mortgages to 85 from 75 on Monday, making it the oldest limit of any of the major lenders - though it wasn’t about to take any major risks in lending to the retired.
Wood Group wins two contracts in southern Iraq
John Wood Group has won a pair of three-year contracts in Iraq worth a combined $140m.
Chinese oil imports boosted by independent refiners in April
China imported significantly more oil last month, led by demand from independent refiners as the country's state-run oil giants moved to shut-in production from higher cost fields.
London open: Stocks rise as oil prices rally
London stocks rose on Monday as oil prices rallied after data showed China’s crude imports rose last month.
Europe open: Stocks edge higher as oil advances
European stocks edged higher in early trade following losses last week, as oil prices pushed higher.