Latest News
Brexit talks stumble in Brussels, but optimism flows in City
The government has shifted the focus of its negotiations in Brussels as it struggles to secure a better position ahead of parliament's second meaningful vote on Brexit next week, though optimistic views were emerging in Westminster and the City of London.
Tracsis trades in line with expectations in first half
Traffic data and transportation software and services provider Tracsis updated the market on its trading for the six months ended 31 January on Monday, reporting that group trading for the half-year was in line with management expectations.
IAG drops to October lows after clarifying on 2019 free cash flow
Shares of IAG fell to their lowest since October after the British Airways and Iberia owner said its free cash flow was set to fall in 2019.
Canadian court keeps BAT hooked for £6bn
Canada’s Court of Appeal has upheld the Superior Court's decision to force three tobacco companies to pay at least C$15. 6bn (£8. 9bn) of damages as part of near 20-year court case brought by a group of 100,000 smokers.
Huawei CFO sues Canadian government over arrest
Huawei’s CFO Meng Wanzhou is set to sue the Canadian government, its border agency and the national police force, claiming that she was detained and interrogated before being notified that she was under arrest.
Abcam falls as outlook overshadows profit growth
Abcam's shares dropped sharply on Monday after stating its outlook will be impacted by "continued softness" in Japan, though the company reported growth for interim revenue and profits.
Berenberg reiterates 'buy' on Relx after Friday rout
Analysts at Berenberg reiterated their 'buy' rating on analytics firm Relx on Monday, arguing that the fall in the group's share price on Friday was "overdone".
Tandem slows revenue decline as it works on recovery
Sports, leisure and mobility equipment company Tandem Group updated the market on its trading on Monday, reiterating that the first half of 2018 was characterised by poor weather, large overstocks with a certain retailer, destocking among other customers, and the ongoing impact of the demise of Toys R Us.
27 Giraffe and Ed's Easy Diner locations to close
Boparan Restaurant Group (BRG), the owner of Giraffe and Ed's Easy Diner, on Monday confirmed that it will close 27 restaurants, putting hundreds of jobs at risk.
Iron ore prices to rise even higher, JP Morgan reckons
JP Morgan Cazenove has raised its forecasts for iron ore prices, arguing that the reduction in Vale’s output in the aftermath of the Feijao dam collapse is likely to be worse than initially forecast.
Monday broker round-up
RSA Insurance Group: JP Morgan downgrades to neutral with a target price of 610p.
Newmont rejects Barrick's $18bn hostile bid; proposes joint venture instead
Newmont Mining has rejected a $18bn hostile takeover by Canada’s Barrick Gold, the world’s largest miner of the precious metal.
Asia report: Most markets rise as trade deal rumours swirl
Most markets in Asia were higher on Monday, led by a jump in Chinese bourses as the rumour mill pumped out hints that Washington and Beijing were coming closer to a trade deal.
Week ahead: Focus on Brexit talks, US-China trade
The most important event over the coming week will be the outcome of Attorney General, Geoffrey Cox's discussions with EU negotiators to secure a favourable interpretation regarding the Irish backstop.
Syncona to cash in as Biogen acquires Nightstar
Healthcare investment company Syncona updated the market on Nightstar Therapeutics on Monday, confirming it has reached an agreement to be acquired by Biogen at a price of $25. 50 per share.
Barclays stays at 'underweight' on Rightmove, prefers AutoTrader
Analysts at Barclays sounded a cautious note on shares of Rightmove, pointing out how they were continuing to trade at a premium to the second-tier index even in face of slower growth.
Sports Direct swoops on Findel with £140m offer
Mike Ashley’s Sports Direct International has made a £140m offer to take full control of home shopping company Findel.
Boxhill Technologies encouraged by trading since return from suspension
Lottery operator Boxhill Technologies has been encouraged by trading since the return of its shares to London's AIM market from suspension.
Sareum's loss widens as development costs expand
Sareum Holdings' shares dropped on Monday after the company reported a widened interim loss due to rising costs, though it stated progress had been made with key development programmes.
FireAngel scores supply contract with Scottish housing association
Home safety outfit FireAngel has inked an agreement to supply smoke and heat alarms to Scotland's North View Housing Association.