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Shore Capital cuts CMC Markets to 'hold', says risk/reward more balanced
Shore Capital downgraded its stance on CMC Markets to 'hold' from 'buy' saying the risk/reward is now more balanced after the shares made a solid recovery from the lows seen in the immediate aftermath of the FCA consultation.
Momentum in euro area construction increasing, economists say
Construction output in the euro area edged higher in April despite weakness in civil engineering.
CareTech gobbling up Selborne Care for £17m
Specialist social care services provider CareTech Holdings announced on Monday that it had agreed to acquire the entire issued share capital of Selborne Care for a total consideration of £16. 9m in cash.
Calculus and Neptune VCTs to merge
Calculus VCT issued an update to the market on Monday morning, confirming that its board had agreed in principle with the board of Neptune VCT to merge on a relative net asset basis.
Japanese seasonally adjusted trade surplus slips in May
Japanese exports and imports failed to rebound in May, suggesting that foreign demand acted as a drag on the broader economy during the second quarter, but some economists were nevertheless optimistic.
London open: Stocks push higher as Brexit talks begin
London stocks rose in early trade on Monday, taking their cue from an upbeat Asian session and with Brexit negotiations due to kick off in Brussels later.
House asking prices tumble in London and South East, Rightmove reveals
Asking prices for houses in the UK are being cut at the sharpest rate in over four years amid political and economic uncertainty, as London and the South East underperformed the rest of the UK.
Co-operative Bank in 'advanced discussions' over capital raise
The Co-operative Bank confirmed on Monday that it is in advanced discussions with a group of existing investors about raising further funds.
Europe open: Stocks start week on strong note after French elections
European stocks have started the session on the front-foot amid investor optimism after France's new centrist party En Marche! and its centre-right allies garnered a comfortable majority in the country's parliamentary elections at the weekend.
France's Macron wins comfortable majority, but abstention at record-high
French president Emmanuele Macron's upstart centrist movement and his allies won a comfortable majority in legislative elections at the weekend, albeit amid a record low turnout, a stark reminder that a large minority of French are opposed to his plans.
Hansteen pockets €750m as sale of German, Dutch assets completes
Hansteen was cashed up to the tune of an extra €750m on Monday, confirming that the proposed sale of its German and Dutch portfolios to entities owned by funds advised by affiliates of The Blackstone Group and M7 Real Estate had now completed.
Monday newspaper round-up: brutal Brexit, soft Brexit, boomer boost, Co-op
European leaders fear that Theresa May’s government is too fragile to negotiate viable terms on which to leave the union, meaning the discussions that officially begin on Monday could end in a “brutal Brexit” – under which talks collapse without any deal. As officials began gathering in Brussels on Sunday night, the long-awaited start of negotiations was overshadowed by political chaos back in Westminster, where chancellor Philip Hammond warned that failing to strike a deal would be “a very, very bad outcome”.
Bonmarche FY profit slumps nearly 40%
Clothing retailer Bonmarche reported a near-40% drop in full-year pre-tax profit as it highlighted a more challenging backdrop than it had been expecting, with wage inflation, Brexit and unseasonal weather all contributing factors.
BNN Technology signs three-year deal with Zhejiang Xinhua
AIM-listed Chinese technology, content and services company BNN Technology has signed a three-year cooperation agreement with Zhejiang Xinhua to create a student services platform in China encompassing recruitment, financial services and funding for student innovation and enterprise.
Avanti Communications signs $4.5m deal with mobility customer
AIM-listed provider of satellite data communications services Avanti Communications has signed a $4. 5m two-year contract to deploy capacity from its HYLAS fleet to a new customer in the mobility market.
Workspace sells last phase of Bow Enterprise Park
Workspace Group announced the exchange of contracts for the disposal of the third and final phase of the mixed-use redevelopment of Bow Enterprise Park, London E3 on Monday.
Workspace sells final phase of Bow Enterprise Park, Cairn Energy seeking $1bn in damages
London open.
London pre-open: Stocks seen higher ahead of Brexit talks
London stocks were set for a positive open on Monday, taking their cue from an upbeat session in Asia as Brexit negotiations were due to start.
SFO to make decision in Barclays case as soon as Tuesday, reports say
Regulators were expected to announce as soon as Tuesday whether they had decided to bring criminal charges against some bankers at Barclays in relation to its emergency fundraising at the height of the financial crisis, according to reports.