Latest News
Horizonte awards contracts for Araguaia feasibility study
Brazil-focussed nickel development company Horizonte Minerals announced on Monday that it completed the tender process, and was awarding the contracts for the feasibility study for its 100%-owned Araguaia nickel project.
Broker tips: Go-Ahead, Acacia Mining, Berendsen, JD Wetherspoon, WPP
Liberum has downgraded transport operator Go-Ahead to ‘hold’ from ‘buy’ and cut the price target to 2,100p from 2,440p, saying it now assumes no value or earnings from the Govia Thameslink Railway franchise.
StanChart to benefit less than others from Fed rate hikes, RBC says
StanChart stands to benefit from rising interest rates in the US but by less than implied by its 2018 tangible book valuation of 0. 8 times, analysts at RBC said.
Analysts see earnings uplift and risks from Standard Life-Aberdeen merger
After Standard Life and Aberdeen Asset Management revealed they had agreed terms on a potential £11bn merger, City of London analysts mostly came out in support of the deal, some suggested a bid battle could ensure and others highlighted risks.
Devro revenue rises as it regains market share
Food-grade collagen manufacturer Devro announced its results for the year to 31 December on Monday, with unaudited revenue rising to £241. 1m from £230. 2m in 2015.
Europe midday: Deutsche Bank drags DAX lower; investors eye US rate hike
European equity markets edged lower on Monday, with Deutsche Bank dragging the DAX down following news of its capital raising plans and as investors considered the prospect of a US rate hike.
London midday: Stocks nudge lower as banks and miners offset M&A boost
London stocks were a little lower by midday with weakness in the banking and mining sectors weighing on the index, although Standard Life and Aberdeen Asset Management rallied on deal news.
Standard Life and Aberdeen AM agree £11bn merger
Standard Life and Aberdeen Asset Management have agreed terms for an £11bn merger, having revealed talks over the weekend.
Acal appoints Jeremy Morcom as M&A director
International customised electronics supplier Acal announced the appointment of Jeremy Morcom as group mergers and acquisitions director on Monday.
Asia report: Most markets higher after Pyongyang missile launch
Markets in Asia finished mostly higher on Monday, as traders seemingly brushed off concerns of geopolitical tension after North Korea fired a number of missiles off its east coast.
Peugeot buys Vauxhall from GM, eyes Brexit supplier opportunities
US car giant General Motors has confirmed the sale of its European operations, including the Opel and Vauxhall brands, to Peugeot and Citroen owner PSA Group for €2. 2bn.
Rose Petroleum to potentially dispose of Mexico mill operation
Rose Petroleum has entered into a memorandum of understanding to potentially dispose of its mineral processing mill operation in San Dieguito de Arriba, Mexico, for $1. 5m, including associated assets, licenses and agreements.
Monday broker round-up
Go-Ahead Group: Liberum downgrades to Hold with a target price of 2100p.
FBI denies Trump claims of Obama wiretapping
Donald Trump's claims that predecessor Barack Obama ordered the wiretapping of rooms in Trump Tower during the presidential election campaign have been firmly denied by the Federal Bureau of Investigation.
Deutsche Bank rows back on strategy, announces capital raise, asset management IPO
Deutsche Bank management changed tack at the weekend, saying it would float its coveted asset management arm and sell new shares in a bid to build-up its capital buffers.
New car registrations skid lower as consumer slowdown seen hitting sales
New car registrations fell 0. 3% in February following weak demand that economists found surprising, but the industry expects sales to go up a gear in March despite concerns about consumer confidence.
US pre-open: Stocks seen slightly lower as investors mull rate hike
US futures pointed to a marginally weaker open on Wall Street on Monday as investors continued to mull over the prospect of a rate hike by the Federal Reserve.
Green agrees to increase Arcadia pension fund payments
Arcadia boss Philip Green has agreed to pay up to £50m a year into the fashion group's pension fund, UK media reported.
Koovs to extend partnership with investor HT Media
Indian online fashion retailer Koovs is to extend its strategic partnership with its investor HT MEdia by profiling five women for International Women's Day on 8 March.
Vernalis and Servier in two-year oncology collaboration
Shares in Vernalis rose more than 1% after it and Servier reinforced their partnership by entering into a new two-year oncology drug discovery collaboration on an undisclosed target.