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Aberdeen AM maintains dividend despite increased outflows
Annual profits fell by more than a quarter at Aberdeen Asset Management as its funds under management were hit by almost £33bn of outflows, which have continued in the new financial year but have begun to improve.
HSBC starts Restaurant Group at ‘reduce’, says path to recovery will be ‘bumpy’
HSBC initiated coverage of Restaurant Group at ‘reduce’ with a 290p price target, saying there is a gap between the current share price and the likely pace of recovery at the company.
Capital & Counties on track for £100m ERV at Covent Garden
Capital & Counties Properties is on track to hit its estimated rental value target of £100m at Covent Garden by December next year as leasing activity has been positive.
TalkTalk slumps as Citi cuts price target
TalkTalk was under pressure as Citigroup cut its price target on the stock to 150p from 230p and kept the stock at ‘neutral’ saying it was still too risky.
Grainger acquires PRS development in Bristol
Residential landlord Grainger has agreed to acquire a private build-to-rent development in Bristol for £45. 7m.
Europe open: Stocks in the red as oil prices decline on OPEC doubts
European stocks fell in early trade, with energy issues pacing the decline as hopes of a deal to cut oil production at Wednesday’s meeting of the Organization of the Petroleum Exporting Countries began to fade.
UK service sector optimism dims on sluggish spending - CBI
UK services businesses have become less optimistic in the last month as sluggish consumer spending and rising wages place a strain on the sector and its profits, according to a survey published on Monday.
London open: Stocks in the red as OPEC deal hopes fade
Stocks in London fell in early trade as investors looked to a meeting of the Organization of the Petroleum Exporting Countries in Vienna on Wednesday amid doubts about whether the cartel will agree a deal to cut output.
Loxam enters the fray for Lavendon
France’s Loxam has made a preliminary approach to Lavendon Group about a possible cash offer for the equipment rental company.
Antofagasta to sell Michilla mine to Haldeman for $52m
Antofagasta has agreed to sell the Michilla mine to Chilean mining group Haldeman Mining Company for up to $52m following the closure of the mine at the end of last year.
Outflows continue at Aberdeen, Antofagasta sells Michilla mine
London open The FTSE 100 index is predicted to fall 13 points on Monday, according to pre-market trading.
Dunelm to buy Worldstores owner WS Group for £8.5m
Homewares retailer Dunelm has agreed to buy the assets of the WS Group – which owns Worldstores, Achica and Kiddicare – for £8. 5m.
London pre-open: Stocks seen flat as investors eye OPEC meeting
Stocks in London were set to open broadly flat on Monday as investors look to a meeting of the Organization of the Petroleum Exporting Countries in Vienna on Wednesday.
JD Sports acquires Go Outdoors chain
JD Sports Fashion has acquired outdoor pursuits retail chain Go Outdoors for £128. 3m from owners that include private equity group 3i.
Monday newspaper round-up: Carney, Polish workers, PPI, Tesco
Mark Carney is set to warn Brussels that the European financial system faces a shock unless policymakers give institutions more time to adapt to trading arrangements after Brexit. In his capacity as vice-chairman of the European Systemic Risk Board (ESRB), Mr Carney is expected to stress to the European Commission and the heads of top EU financial services bodies next month that a transition agreement is in the interest of the EU as much as it is for the UK. - Telegraph.