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UK house prices up 1.3% in March; Midlands lead the way
House prices in England and Wales rose 1. 3% on the month in March to £310,108, marking the biggest increase since 2007, according to the latest survey from Rightmove.
London open: Stocks edge lower following Friday's record close
London stocks edged lower in early trade on Monday after closing at a record high again at the end of last week, as investors sifted through some corporate news and digested developments at the G20 meeting.
WPP to buy China's 3Ti Solutions
Advertising giant WPP's wholly-owned operating company Mirum has agreed to buy China's 3Ti Solutions Inc. for an undisclosed sum.
Goldman Sachs downgrades ASOS to 'neutral' on valuation
Goldman Sachs downgraded ASOS to 'neutral' from 'buy' following a strong share price performance.
Kubera Cross-Border Fund to sell stake in Indian technology provider for $22.5m
AIM-listed investor Kubera Cross-Border Fund is to sell its stake in Indian technology provider Planetcast Media Services for 1. 47m Indian rupees ($22. 5m), subject to regulatory consent which is expected to take several months.
EVR Holdings to create virtual reality music content for Universal Music Group
Shares surged EVR Holdings on Monday after it announced it will create virtual reality music content for Universal Music Group’s artists who include the Rolling Stones, the Weeknd, Lana Del Rey and Florence + the Machine.
Europe open: World trade, French presidential debate in focus
The main European indices began the day on the backfoot as investors reacted to the somewhat worrisome headlines coming out of the G-20 finance ministers summit in Germany, over the weekend, and looked ahead to the first televised debate between the five main French presidential candidates later on Monday.
Phoenix Group lifts dividend and cash generation targets
Closed life fund consolidator Phoenix Group hoisted its dividend 5% as it said November and December's two acquisitions would likely support a similar increase for the forthcoming interim payout.
Phoenix Group generates serious cash as it integrates AXA Wealth, Abbey Life
Specialist closed life fund consolidator Phoenix Group announced what its board described as a “strong set of results” for the year to 31 December on Monday, with £486m of cash generation, up from £225m, meeting the group's 2016 cash generation target.
BGEO sells 0.7% stake in GHG for £2.9m
BGEO Group, said it had sold a 0. 7% stake in Georgia Healthcare Group (GHG) to former shareholders of JSC ABC Pharmacia, a chain of pharmacies purchased by GHG in January, for £2. 9m.
Hansteen asset value up as it anounces £1.1bn portfolio sale
Investor in UK and continental European industrial property Hansteen announced its full year results for the year to 31 December on Monday, with a total annual return to shareholders of 23. 1p or 20. 8%, representing EPRA net asset value growth of 17. 7p plus dividends paid of 5. 35p.
LondonMetric buys two Leeds warehouses for £12m
LondonMetric Property said it it had bought two last mile distribution warehouses in Leeds for £12m, reflecting a blended net initial yield of 6% and a reversionary yield of 6. 5%.
German producer prices rise most since December 2011 in February
German producer prices rose at their highest annual rate since December 2011 in February, according to data released by Destatis.
John Laing Infrastructure Fund benefits from market volatility after EU vote
John Laing Infrastructure Fund’s share price benefitted from the market volatility in the wake of the EU referendum and its 2016 net asset value increased.
Vodafone agrees $23bn merger of Indian arm with Idea Cellular
Vodafone has agreed terms of a $23bn merger between its Indian business and Idea Cellular, which is part of the Aditya Birla Group.
Marston's agrees new bank facility
FTSE 250 pub operator Marston's has agreed a new bank facility to replace the £257. 5m existing facility that was due to expire in November 2018.
London pre-open: Stocks seen flat after another record close
London stocks were set for a steady open on Monday after closing at a record high again on Friday, as investors digest developments at the G-20 meeting.
Kaz Minerals confirms VAT refunds from Kazakhstan
KAZ Minerals has received $166m in VAT refunds so far in 2017 as the tax paid during the construction of the Bozshakol and Aktogay projects has started to be returned.
Carillion to build defence communications centre in Cyprus
Facilities manager Carillion has won a £90m contract from the UK Defence Infrastructure Organisation (DIO) to design and build a communications centre in Cyprus.