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Asia report: Most markets up on Marine Day
Asian markets ended mostly higher on Monday, as traders brushed off the failed military coup in Turkey and ahead of a light week for data in the region.
Randall & Quilter swallos APIC for $1.4m
Randall & Quilter Investment Holdings announced on Monday that it has acquired Agency Program Insurance Company from its diverse base of predominantly individual shareholders.
BoE needs more evidence before rate cut, says Weale
Bank of England policymaker Martin Weale said on Monday the central bank needs more information on the impact of the UK’s vote to leave the European Union before cutting interest rates.
Earthport inks deal with Bank of the Bahamas
Earthport has partnered with Bank of The Bahamas to provide local payment capability into the Bahamas.
Opera Software agrees partial sale after Chinese takeover misses deadline
Opera Software has agreed to sell its internet browser division after failing to win regulatory approval for a full takeover by a Chinese consortium.
Lowcosttravelgroup collapse disrupts 140,000 travellers
Brexit claimed its first scalp in the travel industry at the weekend, with Lowcosttravelgroup ceasing all trading, disrupting the plans of more than 100,000 holidaymakers.
Range Resources starts drilling MD 251 development well
Range Resources has started drilling the MD 251 development well in Trinidad.
Rentokil Inital raised to 'hold' from 'reduce' by HSBC
HSBC raised its rating on Rentokil Initial to ‘hold’ from ‘reduce’ and lifted its target price to 190p from 145p on Monday.
UBS downgrades European banks on Brexit
UBS downgraded its position on European banks to ‘underweight’ from ‘neutral’ following the UK’s vote to leave the European Union and upgraded emerging market banks to ‘neutral’ from ‘underweight’ with an ‘overweight’ position in the US.
Credit Suisse downgrades Glencore to 'neutral'
Credit Suisse downgraded Glencore to ‘neutral’ from ‘outperform’ and lifted the price target to 200p from 160p.
Europe open: Stocks rise as ARM surges on deal news
European stocks rose in early trade, with sentiment underpinned by M&A activity as investors digested news of a failed military coup in Turkey.
House prices drop 1% but FOMO driving activity outside London
UK house prices fell in recent weeks as worries around the Brexit vote took the wind out of the property market even more than the usual summer slowdown, though fear of missing out on a deal continues to drive demand outside the capital.
London open: Stocks rise as Turkish military coup fails
London stocks rose on Monday as investors breathed a sigh of relief that the Turkish government has taken back control following an attempted military coup.
Retail footfall drops at worse rate in two years, BRC-Springboard finds
The number of shoppers at UK retailers in June dropped by sharpest rate in more than two years, as high street stores, shopping centres and retail parks all endured a difficult month.
Hansteen buys 66.7% of Ashtenne Industrial Fund
Property investment company Hansteen Holdings has bought 66. 7% of the share capital of Ashtenne Industrial Fund (General Partner) from Norwich Union for £120,000 in cash.
AstraZeneca celebrates success in latest Tagrisso trial
AstraZeneca announced on Monday that the Phase III AURA3 trial has met its primary endpoint, demonstrating superior progression-free survival (PFS) compared to standard platinum-based doublet chemotherapy.
Ultra Electronics wins $4m US Navy contract
Ultra Electronics said its Ocean Systems business, based in the USA, has been awarded a firm one year contract valued at just over $4m from the US Navy for the continuing production of the ADC MK2 Countermeasure.
London pre-open: Stocks seen higher as Turkish coup fails
London stocks were expected to open higher on Monday as investors breathe a sigh of relief that the Turkish government has taken back control following an attempted military coup.
British Land expects investors to be cautious post Brexit vote
British Land said it was too early to properly assess the impact of the referendum result on its markets but it did expect some occupiers and investors to take a more cautious approach.