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Monday broker round-up
Rightmove: Morgan Stanley downgrades to Equal Weight with a target price of 4400p.
LGO Energy to start drilling at Trinidad mine next week
Oil and gas firm LGO Energy confirmed that it will start drilling at its Groudon onshore field in Trinidad after the mobilisation of a rig.
FTSE 250 movers: Esure bucks insurance trend; Kaz slumps on downgrade
London's FTSE 250 was up 0. 1% to 18,604. 60 in afternoon trade as Esure bucked the trend in the insurance sector.
Small cap news round-up
Molecular diagnostics group Premaitha Health has gained regulatory clearance for the acquisition of Taiwan-based Yourgene Bioscience, a non-invasive prenatal testing bioinformatics specialist.
Premaitha Health gains clearance for Yourgene Bioscience acquisition
Molecular diagnostics group Premaitha Health has gained regulatory clearance for the acquisition of Taiwan-based Yourgene Bioscience, a non-invasive prenatal testing bioinformatics specialist.
Facebook to offer international money transfer service
US tech giant Facebook is now offering a new service for users of the social media site - the ability to transfter money internationally through its Messenger app.
FTSE 100 movers: Bunzl gains on results; insurers hit by Ogden rate cut
London's FTSE 100 was flat at 7,243. 15 in afternoon trade, held back by weakness in the insurance sector.
Results round-up: Bunzl, Hiscox, Ascential, Keller Group, Senior
Distribution and outsourcing company Bunzl received a boost from the post-Brexit vote slump in the pound as full year pre-tax profits jumped 12% to £362. 9m.
Stratex International yet to receive net cash distribution from Bahar Madencilik
Shares in Stratex International are down more than 20% on stating it has has yet to receive its net cash distribution from Turkish partner Bahar Madencilik in relation to the Altintepe Gold Mine.
US durable goods orders up 1.8% in January
US durable goods orders rose a little more than expected in January, according to data from the Commerce Department, almost entirely on the back of a surge in commercial aircraft orders.
Broker tips: Rightmove, Kaz Minerals, Essentra, Smith & Nephew
Morgan Stanley has downgraded Rightmove to 'equalweight' from 'overweight' and kept the price target at 4,400p.
BTG gets US FDA clearance for blood clot device
Specialist healthcare company BTG has been given clearance by the US Food and Drug Administration for its EKOS Control Unit 4. 0, which is an ultrasonic device used to dissolve blood clots and restore blood flow.
Comment: What are the chances for Marine Le Pen's Frexit plan for France?
By Ipek Ozkardeskaya, senior market analyst at London Capital Group.
Consumers to feel pain of injury payout changes as insurers take hits
Consumers face higher insurance premiums after a bigger-than-expected cut by the government in the discount rate to calculate personal injury claim awards led to insurers facing one-off write downs.
RTC earnings fall short of board expectations
Engineering and technical recruitment company RTC Group announced its audited results for the year to 31 December on Monday, with group revenue rising to £67. 9m from £64. 9m year-on-year.
Stellar Diamonds' shares fall after placing, open offer update
West Africa-focused diamond development company Stellar Diamonds' shares are down nearly a quarter after its shares were restored to AIM trading following a placing of 5. 9m shares at 5. 5p each to raise £324,500.
RPC Group completes 1:4 rights issue
RPC Group has completed its one-for-four rights issue after subscribers for the outstanding 3. 5m shares were procured by investment banks.
FBD swings to profit in costly Irish insurance market
FBD Holdings posted its preliminary results for the 2016 calendar year on Monday, reporting an €11m profit before tax from continuing operations, including a one-time pension gain of €7m, swinging from a loss of €85. 91m in 2015.
Europe midday: Stocks mixed after encouraging eurozone sentiment data
European equity markets were mixed on Monday following news that the London Stock Exchange's proposed merger with Deutsche Börse might not go through and encouraging eurozone sentiment data.
HSBC downgrades Kaz Minerals as it was 'too bullish' on copper production
Shares in Kaz Minerals were under pressure on Monday as HSBC downgraded the copper miner to ‘reduce’ from ‘hold’ and cut its target price to 400p from 440p as it had been "too bullish" on Kaz’s production guidance for 2017.