Latest News
Auction Technology confirms £600m IPO
Auction Technology confirmed its intention to float on the London Stock Exchange with a valuation of about £600m to support its acquisition plans and repay existing shareholders.
Almost half of UK investors increase investment expenditure during pandemic
Around 39% of UK investors dramatically reduced their monthly spending in order to increase investments and savings throughout the Covid-19 pandemic, revealed the latest data from brokerage firm ITI Capital.
MPs increase pressure on Sunak over Universal Credit
MPs increased pressure on Chancellor Rishi Sunak to extend a £20 increase in weekly benefits, saying scrapping the payment would plunge hundreds of thousands of families into poverty during the pandemic.
Retail sales rise at slowest pace since May - BRC
Retail sales rose in January at the slowest pace since the depths of the first Covid-19 lockdown as non-essential spending was hit by consumer concerns, the British Retail Consortium said.
US close: Stocks continue to rally amid stimulus optimism
Wall Street stocks extended last week's rally on Monday as the Dow Jones secured its longest daily winning streak since August as market participants remained optimistic about further Covid-19 stimulus.
London close: Stocks firmer as investors await US stimulus news
London stocks closed in positive territory on Monday, as coronavirus cases declined and investors cheered the prospect of further US stimulus.
Tuesday preview: US jobs market, Ocado in focus
The results of two closely-followed surveys will keep the US labour market on investors' radar on Tuesday.
Europe close: Stocks jump amid optimism for US fiscal stimulus and vaccines
European shares started the second week of February higher amid continuing optimism over the odds of the US Covid stimulus package successfully navigating Congress.
Amazon to buy 50% of energy produced by Dutch offshore wind farm
Amazon announced on Monday that it plans to buy half of the energy produced by a new wind farm in the Netherlands.
Sector movers: Mining, Oil and Gas shares pace lead on vaccine and stimulus hopes
Cyclicals were again pacing the advance at the start of the second week of February, amid positive 'market chatter' around the new US administration's plans for $1. 9trn in additional fiscal stimulus.
Target reports $1bn sales of activewear brand
Activewear line All in Motion is Target’s latest brand to generate $1bn in annual sales as consumers turn to workout clothing during the pandemic.
Broker tips: Taylor Wimpey, Weir, JD Sports, Just Group
Jefferies upgraded Taylor Wimpey to ‘buy’ from ‘hold’ on Monday citing improving risk/reward.
4D Pharma inks collaboration with Merck and Pfizer
Biotherapeutics developer 4D Pharma announced a clinical trial collaboration and supply agreement with Merck and Pfizer on Monday, for ‘Bavencio’, or avelumab).
Bigblu signs deal to provide satellite broadband in New Zealand
Alternative broadband operator Bigblu Broadband has signed an exclusive preferred partner agreement with Asia Pacific-focussed broadband satellite operator Kacific Broadband, it announced on Monday, to provide a high-speed broadband internet service across New Zealand.
First half revenue rises for Lok'nStore
Self-storage operator Lok'nStore updated the market on its first half on Monday, reporting “strong” trading, with self-storage revenue up 11% year-on-year.
Director dealings: Safestore CEO ups stake
Safestore Holdings revealed on Monday that chief executive Frederic Vecchioli had acquired 13,681 ordinary shares in the FTSE 250-listed self-storage company.
South Africa halts AstraZeneca vaccinations after weak results against local variant
South Africa halted its rollout of AstraZeneca’s Covid-19 vaccine after a study claimed that it offered "minimal protection" against mild to moderate disease from the local variant of the novel coronavirus.
FTSE 250 movers: Weir boosted by upgrade; easyJet hit by downgrade
London’s FTSE 250 was up 0. 1% at 21,080. 15 in afternoon trade on Monday.
US open: Stocks extend record-breaking rally
Wall Street stocks extended last week's rally early on Monday as the Dow Jones and S&P 500 continued on their longest daily winning streaks since August as market participants remained optimistic about further Covid-19 stimulus.
UK firms to borrow over £60bn by end of 2021
Banks expect UK firms to borrow over £60bn by the end of the year as the pandemic continues to wreck havoc on the economy, revealed a report from EY.