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Deutsche Bank ups year-end FTSE 100 target, sees 250 underperforming
The UK’s mid-cap FTSE 250 index could see 10% downside relative to the FTSE 100 by year-end, Deutsche Bank said in its latest equity strategy note.
Global rally in cyclicals may be entering its last leg, JP Morgan cautions
The recent rise in 'cyclical' stocks versus 'defensives' may be in its last leg, strategists at JP Morgan said.
US pre-open: Stocks seen flat as investors scale back rate hike expectations
US futures pointed to a broadly flat open on Wall Street as market participants scaled back expectations of the next rate hike by the Federal Reserve following Friday’s much weaker-than-expected economic growth figures.
General Motors expecting strong auto sales in 2016
General Motors' North American president Alan Batey has said that he is confident that new vehicle sales in the United States in 2016 can challenge the record-setting numbers set last year.
Sierra Rutile recommends Iluka Resources takeover
AIM-listed Sierra Rutile (SRL) said on Monday that its board of directors and major shareholder have accepted a takeover bid from Australian mineral sands miner Iluka Resources that values the group at £215m.
Rogue UBS trader who lost £1.4bn says "it could happen again"
Kweku Adoboli, the former UBS banker who lost the Swiss bank £1. 4bn through rogue trading, said that it could happen again as banks had not learnt from the financial crisis.
Trinity Mirror H1 profit jumps on Local World acquisition
Daily Mirror publisher Trinity Mirror reported a jump in first-half pre-tax profit on Monday, thanks in part to its acquisition of news publisher Local World last November.
Ascential declares maiden dividend as events drive first half growth
Ascential, the publishing and events business spun off by the Guardian in February, posted solid results in its seasonally stronger first half of the year as strong events growth made up for a flatter publishing arm.
Canaccord reiterates 'hold' on Daily Mail General Trust
Daily Mail General Trust’s (DMGT) ‘hold’ rating was left unchanged and its target price was lowered to 700p from 732p by Canaccord Genuity on Monday.
Asia report: Markets mostly up, though China languishes
Asian markets were mostly in the green after trading on Monday, as many brushed off a slowdown in Chinese manufacturing - although shares in the People’s Republic were not immune.
BT rivals attempt to bring consumer action against telecom company
TalkTalk, Sky and Vodafone have teamed up against BT in an effort to bring consumer action to the telecoms monopoly over its operation of Openreach, the company's tax-funded internet division.
Broker tips: DMGT, Anglo American, Fidessa
Daily Mail General Trust’s (DMGT) ‘hold’ rating was left unchanged and its target price was lowered to 700p from 732p by Canaccord Genuity on Monday.
Goldman Sachs downgrades global equities on a three-month view
Goldman Sachs downgraded its stance on global equities to ‘underweight’ over three months saying they remain expensive and earnings growth is poor, but remained ‘neutral’ on the asset class over 12 months.
Business confidence plummets after Brexit, says ICAEW
Business confidence significantly fell immediately after Brexit following a steady two-year downward trend, but is showing signs of recovery, according to an industry body.
Uber admits defeat in China as it sells business to rival Didi
Uber has finally put to an end the battle between its Chinese operations and main rival Didi Chuxing, agreeing to a $35bn deal for the sale of its business in the country, as confirmed by Bloomberg.
UK manufacturing contracts at fastest pace in over three years on Brexit
The UK manufacturing sector contracted more than expected in July on the back of pre- and post-EU referendum uncertainty, according to data released on Monday.
Premature to discard possibility of rate incerase in 2016, Fed´s Dudley says
It would be premature to rule out an interest rate hike in 2016, a top US rate-setter said.
Morrison cuts 1,000 prices after Brexit vote sends shoppers to discounters
Morrisons has launched the latest offensive in the supermarket price war, cutting prices on more than 1,000 products by an average of 18% on Monday.
Trump and father of dead Muslim soldier continue dispute
Donald Trump has engaged in a back-and-forth war of words with the father of a US Army captain who was killed in Iraq, after the man criticised the Republican nominee during the Democrtaic National Convention in Philadelphia last week.