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Goldman takes down price targets on UK General Retailers
Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium.
Goldman Sachs upgrades Randgold and Fresnillo
Precious metals miners Randgold Resources and Fresnillo were among the few gainers in equity markets on Monday again as gold prices hit a two-year high and supported by upgrades from Goldman Sachs.
Flat US services PMI suggests no rush for Fed rate hike
Activity in the US services sector failed to rally as hoped in June, according to data released on Monday, suggesting that the economy's underlying rate of growth remains lowly and that a rate hike may not be on the cards too soon.
Take advantage of ITV's post-Brexit slump, says Liberum
Liberum reiterated its stance on buy-rated broadcaster ITV as a ‘top pick’ on Monday, saying investors should take advantage of Friday’s share price slump.
FTSE 100 movers: EasyJet crashes on warning; Randgold and Fresnillo shine
London’s FTSE 100 was down 2. 1% to 6,011. 36 in afternoon trading as the impact of Brexit continued to weigh on investors’ minds.
Biome Technologies warns on profits as coffee pod demand slow to catch up
Biome Technologies issued a profit warning after its predictions for commercialising biodegradable plastic products for the single-serve 'coffee pods' market proved optimistic.
Tanfield writes down one of its investments
Tanfield, a passive investment company, reported a loss before tax for the year ending 31 December 2015 after it wrote down the value of one if its investments.
Merkel appears to rule out informal Brexit talks
German Chancellor Angela Merkel on Monday said she could not allow an extended 'waiting game' with the UK and appeared to rule out the possibility of holding 'informal' negotiations with the UK.
Raheem Sterling set to get the nod for England
Raheem Sterling is set to be recalled to the England starting team on Monday night against Iceland, in the Three Lions' crucial last 16 encounter with Iceland in Nice at Euro 2016.
GW Pharma succeeds with second epilepsy trial for Epidiolex
GW Pharmaceuticals has revealed its cannabis-derived treatment has been found to reduce seizures for two forms of epilepsy.
Stay cautious, but FTSE 100 remains 'overweight', JP Morgan says
The consequences of Brexit would be long-lasting as there were no easy or quick remedies for the shift towards 'anti-establishment' politics over the past few years, which the financial community had tended to underestimate, strategists at JP Morgan said.
Rail operators to crack down on London fare dodgers
Rail operators plan to go after fare dodgers over the summer, teaming up with transport police to catch those responsible for losses said to be more than £200m each year.
Christine Lagarde calls for swift Brexit reaction
Christine Lagarde, head of the International Monetary Fund, has said that the United Kingdom and European Union should act quickly and decisively in the wake of the former's decision to leave the latter, after three days of confusion.
London midday: Stocks and sterling slip further as Brexit result sinks in
London stocks continued to tumble after Britain's decision to leave the European Union last week, with the market largely ignoring attempts to reassure the market by George Osborne.
Shanta Gold starts underground development at New Luika
East Africa-focused gold producer Shanta Gold said on Monday that its New Luika gold mine has received all requisite approvals for its underground project and the decline development has kicked off.
Yield on 10-year Gilts drops below 1.0% for first time ever
The yield on the benchmark 10-year Gilt dropped below 1. 0% for the first time ever as markets continued to adjust to the new risk scenario following Brexit.
Mortgage lending resilient in May but likely to fall post referendum - CML
Mortgage lending remained resilient in May as banks and building societies lent more than in April and than in May last year.
One Media IP's first-half profits fall
Half-year profits fell at One Media IP, but the digital content and intellectual property provider hopes to reposition its core music business and invest in TV.
Credit Suisse sees rising odds of Brexit 'lite', lowers year-end Footsie target
Credit Suisse marked down its year-end target for the Footsie but was not overly pessimistic, emphasising that it saw rising odds of a 'Brexit lite', versus a hard Brexit which would include invoking Article 50 of the Lisbon Treaty, although in the opinion of its analysts there was now a heightened risk of another Scottish referendum.
Renminbi moved to its weakest level in six years
Renminbi fell to its weakest level against the US dollar since late 2010 on Monday, after the People’s Bank of China weakened its onshore rate by the biggest margin since the one-off devaluation last August in the wake of Shanghai’s summer crash.