Latest News
ICAP slumps on Credit Suisse downgrade
ICAP was under the cosh on Monday as Credit Suisse downgraded its stance on the stock to ‘neutral’ from ‘outperform’ and cut the price target to 450p from 475p following the full-year 2016 results, with the valuation up with events.
Royal Mail upgraded to 'sector perform' from 'underperform' by RBC
Royal Mail’s shares gained on Monday after RBC Capital Markets raised its rating on the stock to ‘sector perform’ from ‘underperform’ and lifted its target price to 525p from 445p.
Morgan Stanley cuts Inmarsat to 'equalweight'
Morgan Stanley downgraded Inmarsat to ‘equalweight’ from ‘overweight’ and slashed the price target to 800p from 1,350p as it cut its earnings forecasts for the stock.
DDD seeking AIM listing cancellation; FY loss widens
Shares in DDD Group tumbled on Monday after the advanced imaging and 3D solutions company said it is seeking a cancellation of its shares on AIM and posted a wider loss for the year ended 31 December 2015.
De La Rue sells cash processing arm after lossmaking year
De La Rue has sold its Cash Processing Solutions division to Privet Capital for £3. 6m, which could rise by a further £6. 5m depending on performance.
Markit's flash Eurozone PMI hits 16-month low
Markit’s flash Eurozone composite purchasing managers’ index slipped to a 16-month low of 52. 9 in May from 53. 0 in April, missing expectations for a reading of 53. 2.
German PMIs beat expectations in May
Markit’s flash composite purchasing managers’ index for Germany rose to a five-month high of 54. 7 in May from 53. 6 in April, beating economists’ expectations for a reading of 53. 8.
Europe open: Stocks in the red; Bayer, Fiat under pressure
European stocks fell in early trade as the prospect of a June rate hike by the Federal Reserve and disappointing Japanese trade data undermined sentiment.
London open: Stocks fall as BoJ governor warns on Brexit
London stocks fell on Monday after Bank of Japan governor said the possibility of the UK leaving the European Union poses a serious risk to the global economy.
Tata to decide on UK steel assets as bid deadline nears
Companies interested in buying Tata's UK steel assets have until today to submit their bids to the Indian conglomerate.
GVC Holdings signs 10-year deal with Betfred
Gaming services provider GVC Holdings has signed terms to licence its online sportsbook and gaming platform to sportsbook operator Betfred.
Ryanair full-year profit up 43% but outlook cautious
Low-cost carrier Ryanair reported a jump in full-year profit but cautioned that profit growth for this year is likely to be modest.
Distil plans spiced rum launch in US after regulator's approval
RedLeg, a brand of spiced rum made by Distil, has been approved for sale in the US from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Axa to ditch tobacco investments
Insurance giant Axa announced on Monday that it will no longer invest in the tobacco industry.
Bayer offers USD63bn for Monsanto
German drugs and chemicals giant Bayer has made a €55bn (£43bn) all-cash offer for US agricultural science group Monsanto.
Operating profit up as Mitie cruises towards revenue growth
Outsourcing company Mitie Group reported a marginal rise in operating profit before other items for the year on Monday, to £128. 9m from £128. 6m, generating a margin of 5. 8% - up from 5. 7%.
London pre-open: Stocks seen touch higher
London stocks were expected to open just a touch firmer on Monday, regaining some poise after the losses suffered last week amid concerns about an earlier-than-expected interest-rate hike by the Federal Reserve.
L&G buys annuities from Aegon, Mitie's marginal gains
London open The FTSE 100 index is expected to rise 15 points on Monday morning, extending its gains from last week.
Monday newspaper round-up: Brexit warning, Rosengren, BT, Reckitt
Britain will be plunged into a year-long recession if it votes to leave the EU, according to a bleak analysis of the short-term economic shock of a Brexit vote published on Monday by the Treasury. The Treasury analysis suggests that growth could be 3. 6% lower after two years if Britain votes to leave the EU, compared with the forecast for continued growth after a vote to remain - Financial Times.
Sunday share tips: Thomas Cook, Watkin Jones
Thomas Cook was already facing very strong headwinds as terror attacks in Tunisia, Egypt, Paris and Belgium led tourists to revisit their travel plans but that is likely only the start of the company´s troubles, The Sunday Times´s Peter Evans said in the Inside the City column.