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Broker tips: Glencore, AB Foods, Enquest
Glencore got a lift on Monday as Morgan Stanley upped its stance on the stock to ‘equalweight’ from ‘underweight’ and bumped the price target up to 280p from 230p, saying financial risk has mitigated and it is now on par with peers.
FTSE 250 movers: Ferrexpo, Evraz shine but Greene King fizzes lower
London’s FTSE 250 was up 0. 1% to 18,726. 25 in afternoon trade, holding close to record highs.
FTSE 100 movers: Miners rally as copper gains; Direct Line drops
London’s FTSE 100 was up 0. 2% to 7,274. 08 in afternoon trade, with miners pacing the advance.
Alpha Real Trust welcomes court ruling in Delhi
Alpha Real Trust expressed satisfaction with a ruling from the Delhi High Court on Monday, in an ongoing spat with one of its joint venture partners, Logix.
UK growth will not slow as much as feared, European Commission says
The UK's growth prospects for 2017 have been upgraded by the European Commission, which also improved its forecasts for the eurozone.
Frontera Resources knows no reason for share price move
AIM-listed oil and gas exploration and production group Frontera Resources noted the recent movement in its share price and confirmed that it knows no reason for the move.
Anglo African spice subsidiary awarded 'significant' contract
Food manufacturing and distribution company Anglo African Agriculture announced on Monday that its wholly-owned spice manufacturing business, Dynamic Intertrade, had been awarded a significant contract to supply a custom blended spice product to a leading South African food manufacturer for the 2017 calendar year.
Premaitha partners with major European diagnostics services group
Shares in Premaitha Health are up more than 4% on news it has partnered with a major European diagnostics services group to implement the IONA test in at least two laboratories.
Morgan Stanley ups Glencore to 'overweight'
Glencore got a lift on Monday as Morgan Stanley upped its stance on the stock to ‘equalweight’ from ‘underweight’ and bumped the price target up to 280p from 230p, saying financial risk has mitigated and it is now on par with peers.
Forbes Ventures buys stake in potential 'challenger' bank
Investment firm Forbes Ventures, formerly Tengri Resources, has bought a 0. 84% stake in a soon to be ‘challenger’ bank, Civilised Investments for £200,000.
London midday: Miners lead FTSE 250 to fresh record high
Miners were still pacing gains come midday on Monday with copper prices holding higher on worries that a strike at the world's largest copper mine might last longer than had been expected, while the FTSE 250 notched up a fresh record high.
Sound Energy to redeem £1m loan early, dodge final interest payment
Sound Energy's shares fell more than 1% after it agreed to the early redemption of an existing £1m loan to simplify its balance sheet and dodge the cost of a final interest payment.
Sula expands Sierra Leone drilling programme
Sierra Leone-focussed multi-commodity exploration company Sula Iron & Gold announced on Monday that the two diamond drill rigs shipped from South Africa in December, had now docked and were unloaded at Freetown Port on 10 February.
Lok'nStore posts 'solid' first half
Self-storage company Lok'nStore provided an update on its trading in the first half of the financial year to 31 January on Monday.
Monday broker round-up
Berkeley Group: Barclays reiterates Equal Weight with a target price of 3175p.
Ryanair's ancillary profits much bigger than appreciated, Deutsche says
Deutsche Bank upgraded Ryanair to a 'buy' rating from its previous 'hold' as it forecasts the budget airline's ability to drive more profits than the market expects from ancillary revenue streams.
Europe midday: Stocks on the front foot as copper prices rally
European equity markets were on the front foot on Monday, with basic resources pacing the advance as copper prices rallied on supply worries, while the European Commission raised it growth forecast for the eurozone.
Old Mutual said to receive approaches for asset management stake
Insurer Old Mutual is said to have received new approaches for its $900m controlling stake in its US asset management arm.
Kefi Minerals to raise £5.62m to develop Ethiopian gold project
Miner Kefi Minerals aims to raise £5. 62m from a share and subscription placing in order to develop its gold project in Ethiopia.
Retail footfall drops at sharpest rate since Brexit vote
Numbers of shoppers popping into UK stores dropped at the steepest rate since the Brexit vote, as retailers online channels were the preferred way of picking up clearance sale bargains.