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Tuesday preview: Euro area GDP, BP in focus
The focus in financial markets will be on a preliminary reading for euro area gross domestic product in the last quarter of 2020.
Vaccine rollout in the US struggles to live up to Biden's campaign promises
The distribution of vaccines in the United States isn’t living up to Biden’s campaign promises to “move heaven and earth” to improve the prior administration's rollout plan.
US close: Major indices shake off previous week's volatility
Wall Street stocks closed higher on Monday as market participants shook off anxiety stemming from last week's speculative retail trading mania.
Europe close: Stocks start February on a positive note
European shares started the month of February on a positive note even as the Reddit retail investor frenzy turned its attention to silver, with precious metals miners driving strong gains as a result.
Digital 9 Infrastructure will raise funds to invest in key internet infrastructure
Investment trust Digital 9 Infrastructure will pursue a listing on the Specialist Fund Segment of the London Stock Exchange's main market.
Asos buys Topshop, Topman, Miss Selfridge for £330m
Online fashion retailer Asos has bought four brands, including Topshop, from the collapsed Arcadia group for £330m, administrators said on Monday, placing 2,500 store jobs at risk.
London close: Stocks finish firmer amid buoyant silver price
London stocks closed in the green on Monday, with precious metals miners pacing the advance as silver prices surged.
Director dealings: Outgoing Greatland Gold CEO ups stake
Greatland Gold revealed on Monday that chief executive Gervaise Heddle had acquired 500,000 ordinary shares in the AIM-listed precious metals miner.
BluShift Aerospace launches first rocket powered by biofuels
Space startup bluShift launched its first rocket powered by bio-derived rocket fuels on Sunday.
Lok'nStore acquires Chichester store, sells Wolverhampton site
Self-storage provider Lok'nStore has acquired the Lok'nStore-managed site in Chichester, it announced on Monday, and sold its freehold land site at Pantheon Park in Wolverhampton.
Totally gets another contract extension for Vocare subsidiary
Healthcare service provider Totally said on Monday that, following its recent announcement on the extension of existing contracts across England, its wholly-owned urgent care subsidiary Vocare has been awarded two additional 12-month contract extensions worth £16. 8m.
Staffline sees 'significant' improvements in 2020
Recruitment and training company Staffline updated the market on its trading in 2020 on Monday, reporting “significant”, improving its operational, financial and governance processes and board composition, including strengthening its financial position through a successful refinancing in June.
Parity wins three-year broadband contract with Scottish Government
Data and technology-focussed professional services company Parity announced the award of a three-year contract with the Scottish Government on Monday.
Broker tips: Pearson, Polymetal, Marston's, Synthomer
UBS downgraded its recommendation on education publisher Pearson on Monday to ‘sell’ from ‘buy’ and cut the price target to 730p from 741p, noting the stock is up around 60% in the last three months and trading at 19x the bank’s FY22 earnings per share estimates.
NextEnergy Renewables set to seek £300m via London IPO
NextEnergy Renewables is seeking to raise £300m via a listing on the London Stock Exchange's main market.
Auction Technology plots London IPO
Auction Technology Group said it expected to float on the London Stock Exchange to speed up its growth as auctioneers move online.
Monday broker round-up
Polymetal International: Berenberg reiterates buy with a target price of 2,310p.
UK makes request to join trans-Pacific trade deal
Britain made a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Monday.
TSB falls into the red in 2020 amid drop in rates, impairment losses
TSB flipped into the red during the previous year as the Bank of England lowered interest rates and due to the measures enacted by the government to combat the pandemic.
Pearson slumps after double downgrade by UBS
UBS downgraded its recommendation on education publisher Pearson on Monday to ‘sell’ from ‘buy’ and cut the price target to 730p from 741p, noting the stock is up around 60% in the last three months and trading at 19x the bank’s FY22 earnings per share estimates.