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Lloyds, RBS drop on Deutsche Bank downgrades
Lloyds and Royal Bank of Scotland were under the cosh on Monday as Deutsche Bank downgraded the stocks to adjust for a “lower-for-longer” environment.
Eurozone retail sales rise more than expected in July
Retail sales in the 19 countries that share the euro rose more than expected in July, according to the latest figures from Eurostat.
Randgold Resources upgraded to 'buy' from 'hold' by Numis
Randgold Resources shares rose on Monday as Numis upgraded its rating on the stock to ‘buy’ from ‘hold’ and left its target price at 9,000p.
88 Energy to drill vertically rather than laterally at Alaskan well
Australian oil and gas company 88 Energy has revised the design for its Alaskan Icewine-2 well and now intends to drill vertically, rather than laterally, to reduce costs and risks.
UK services sector rebounds strongly after post-Brexit wobble, Markit PMI shows
The UK services sector bounced back strongly last month after the sharp contraction in the weeks after the Brexit vote, according to a monthly survey of purchasing managers in the industry.
Telefonica plotting 02, Telxius IPOs
Telefonica has begun preparing for an initial public offering of its UK mobile telecommunications unit, O2, among other options under review, as it seeks to cut debt.
John Lewis of Hungerford managing director Jon Rosby to step down
John Lewis of Hungerford said on Monday that Jon Rosby will stand down as managing director on 30 September after ten years in the role.
Atalya Mining enters into $14m agreement with Transamine Trading for copper mine
Copper explorer Atalya Mining entered in agreement with commodity trading company Transamine Trading for a $14m copper concentrate prepayment in order to fund its mine expansion in Spain.
UK shop prices fall as food prices show record deflation, BRC-Nielsen
UK shop prices fell at a faster rate last month, with depreciation for both food and non-food retailers as seasonal promotions combined with global gluts of crude oil and wheat.
Plutus PowerGen's losses narrow as revenues rise
AIM listed energy investment company Plutus PowerGen’s full year losses narrowed as revenues increased.
Eurozone business activity slips in August
Business activity in the eurozone slipped in August, according to data released on Monday.
RBS Group customers due to receive refund for student overdraft charges
RBS Group is issuing refunds to student accounts dating back to 2002 for wrongly charging interest on overdrafts.
Woodside Petroleum buys half of BHP´s Australian offshore LNG assets
Woodside Petroleum picked up half of BHP Billiton´s stake in the Scarborough natural gas field offshore Western Australia.
Asia report: Markets up after disappointing nonfarm report
Markets in Asia were higher on Monday, with investors expressing their relief as the prospect of a September US interest rate hike from the Federal Reserve dampened with the disappointing nonfarm payrolls report for August.
China service sector activity grows in August
China service sector activity growth accelerated in August as new orders expanded and employment stabilised, a private survey revealed on Monday.
Centrica signs new five-year LNG deal with Qatargas
British Gas owner Centrica has entered into a new five-year supply agreement with Qatargas for the purchase of up to 2m tonnes per annum of liquefied natural gas (LNG).
Zoopla rallies on Barclays upgrade
Zoopla got a boost on Monday as Barclays upgraded the stock to ‘overweight’ from ‘equalweight’ and lifted the price target to 335p from 250p ahead of the investor day on 15 September.
Europe open: Stocks nudge higher as investors continue to mull payrolls
European stocks nudged higher in early trade as investors continued to mull over the implications of Friday’s disappointing nonfarm payrolls report.
London open: Stocks flat as investors eye services data
London stocks wavered in early trade as investors sifted through some corporate news ahead of the release of services data.
Plus500 H1 results boosted by customer growth, Brexit volatility
Contracts-for-difference trading platform Plus500 reported a 25% jump in first-half revenue as net profit rose amid continued growth in active and new customers.