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Broker tips: Centamin, Astrazeneca, Glencore
Numis on Monday downgraded its rating on Centamin to ‘hold’ from ‘buy’ and left its target price unchanged at 170p, following the gold mining company’s recent share price appreciation.
Tiffany CEO ousted after two years due to poor sales
Jewellery maker Tiffany & Co has announced it is parting company with its CEO Frédéric Cuménal after only 22 months as weak sales have sent its finances spiralling downward.
Safestay affected by political instability but confident about outlook
Safestay’s trading performance for 2016 was affected by political instability, low visitor numbers in London and terror attacks in France, but the hostel owner and operator remains confident about its outlook this year.
Trump admits likelihood of delay in Obamacare repeal
President Donald Trump has admitted for the first time that repealing the Affordable Care Act, also known as Obamacare, may not be completed until 2018.
Europe midday: Stocks mixed amid earnings and US non-farm payrolls
European stocks were mixed on Monday, as investors sifted through corporate earnings and the assessed the hangover from the mixed US jobs report from last week.
London midday: Stocks lifted by banks and miners
London stocks rose on Monday, boosted by a rally in mining and banking shares.
SSE to review future of Peterhead operation after failing to win capacity deal
SSE said it was reviewing the future of its Peterhead power station after it failed once again to secure any provision agreement in the latest capacity market option.
Asia report: Markets higher as investors decrypt Trump's direction
Markets in Asia finished mostly in the green on Monday, with investors once again trying to decrypt the haphazard policy coming out of the Trump administration in the US.
EU clears Sumitomo takeover of Fyffes
Sumitomo Corporation's €751m (£646m) takeover of fruit distributor Fyffes has been cleared by the European Commission.
UK consumers face higher EU roaming charges post Brexit - report
British tourists will have to pay mobile phone operators’ roaming charges when they travel in the EU after Brexit, the Guardian reported, citing a leaked analysis paper from the European parliament.
Ryanair Q3 profit drops, outlook cautious
Budget airline Ryanair reported a drop in third-quarter profit on Monday as it sounded a cautious note on the outlook for 2017.
Numis downgrades Centamin to 'hold' from 'buy'
Numis on Monday downgraded its rating on Centamin to ‘hold’ from ‘buy’ and left its target price unchanged at 170p, following the gold mining company’s recent share price appreciation.
US pre-open: Stocks seen muted as investors continue to eye Trump
US futures pointed to a fairly muted open on Wall Street, with stocks likely to struggle for direction amid a dearth of fresh corporate and economic news as investors continue to keep an eye on President Trump’s policies.
NU-Oil raises £2.05m to invest in Canada assets
NU-Oil has raised £2. 05m in order to continue the implementation of its business plan concerning its oil and gas assets in Canada.
Ergomed reports positive results from insomnia drug trial
AIM-listed pharma company Ergomed on Monday reported positive top-line results from a Phase II clinical trial of Lorediplon in patients with insomnia with its co-development partner Ferrer.
Astrazeneca still a 'buy' after profit warning, says Deutsche Bank
Deutsche Bank has reiterated a ‘buy’ rating on Astrazeneca but cut the target price to 5,500p from 6,000p after the drug maker warned that profit and revenue would fall this year.
Liberty House may pursue partial London listing by 2018
Liberty House Group was reportedly eyeing a partial listing of its business in London by 2018.
Autins Group appoints Michael Jennings as interim chief exec
AIM-listed designer, manufacturer and supplier of acoustic and thermal insulation solutions Autins Group has appointed Michael Jennings as interim chief executive for six months with immediate effect, during which time he will also serve as a member of the main board.
Eagle Eye extends Barclays credit facility
Software as a solution company Eagle Eye has agreed a £1. 5m extension to its existing three-year credit facility with Barclays Bank.
AFC Energy appoints Jim Gibson as chief operating officer
AFC Energy, an industrial fuel cell power firm, has appointed industry veteran Jim Gibson as chief operating officer and member of the board with immediate effect.