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London midday: Stocks maintain gains as miners advance
London stocks were still firmer by midday on Monday, with miners pacing the advance as sentiment was boosted by a further easing of Covid restrictions in Beijing and Shanghai, and as investors scaled back Federal Reserve rate hike expectations.
Europe midday: Shares hold gains as commodities boost sentiment
European shares were slightly off morning highs on Monday as a positive close on Wall Street on Friday and the easing of Covid-19 restrictions in China lifted sentiment.
Europe open: Shares higher on China lockdown easing
European shares rallied at the open on Monday as a positive close on Wall Street on Friday and the easing of Covid-19 restrictions in China lifted sentiment.
Bitcoin and cryptos capitulate, but "there are medium-term opportunities"
Every time the cryptocurrency market suffers a cyclical correction that is proportional in magnitude to previous rises, analysts and observers rush to proclaim Bitcoin´s death and that of a market they consider a pyramid scam at best. Without denying that the bull rally that took cryptoassets to $3 trillion market cap in November 2021 and Bitcoin to $69,000 has been fueled by speculators and other fauna that have moved the market at the stroke of a tweet, it is time to put the brutal market correction in perspective and look for the opportunities that will emerge from this crisis, as stated by many experts.
UK at risk of recession - KPMG
The UK faces potential recession, a report warned on Monday, as surging inflation and the cost-of-living crisis dent consumer spending.
Credit Suisse downgrades Ocado, slashes price target
Credit Suisse downgraded Ocado on Monday to ‘neutral’ from ‘outperform’ and slashed the price target to 960p from 1,600p.
Biffa delays release of full-year results
Biffa has delayed the release of its full-year results after auditor Deloitte requested additional time to complete audit procedures in relation to the waste management company’s ongoing landfill tax enquiry.
Berenberg initiates coverage on Big Tech and LBG Media at 'buy'
Analysts at Berenberg initiated coverage on software-as-a-services firm Big Technologies with a 'buy' rating and 320. 0p target price on Monday, branding the group as "the big disrupter".
Asia report: Shares close higher on back of positive Wall St
Asia shares closed higher on Monday on the back of a stabilised oil price and a higher US close on Friday, which helped drive sentiment in the region.
Hyve revenues boosted by faster-than-expected in-person event recovery
Global events business Hyve Group said on Monday that the pace of in-person event recovery was "considerably ahead" of anticipated levels, resulting in interim revenues coming in ahead of previous guidance.
London open: FTSE in the black as miners rally
London stocks rose in early trade on Monday, with miners pacing the advance as sentiment was boosted by a further easing of Covid restrictions in Beijing and Shanghai, and as investors scaled back Federal Reserve rate hike expectations.
RBC Capital Markets lowers Go-Ahead to 'sector perform', raises target price
Analysts at RBC Capital Markets lowered their target price on public transport operator Go-Ahead Group from 'outperform' to 'sector perform' on Monday, stating the risk/reward scenario for the stock now looked more balanced.
FCA investigates Wise CEO after tax default
Wise said on Monday that the Financial Conduct Authority has opened an investigation into its co-founder chief executive, Kristo Kaarmann, after he was fined by HMRC for deliberately defaulting on his taxes.
Begbies Traynor acquires chartered surveyors Budworth Hardcastle
Corporate restructuring specialist Begbies Traynor has acquired chartered surveyors Budworth Hardcastle as part of a deal that values the firm at as much as £2. 4m.
London pre-open: Stocks seen up on positive Asian cues
London stocks were set to rise at the open on Monday following solid gains in the Asian session.
AZN's breast cancer drug receives EU marketing approval, PZ Cussons FY revenues grow
London pre-open The FTSE 100 was being called to open 27. 3 points higher ahead of the bell on Monday after closing a solid 2. 68% higher on Friday at 7,208. 81.
AstraZeneca's breast cancer drug recommended for EU marketing authorisation
Drugmaker AstraZeneca said on Monday that Lynparza, its HER2-negative high-risk early breast cancer drug, has been recommended for marketing authorisation in the European Union after demonstrating "a statistically significant and clinically meaningful" improvement in invasive disease-free survival.
PZ Cussons sees group revenue growth of 3%
UK consumer goods and healthcare company PZ Cussons said it expected annual group revenue of around £590m with like-for-like growth of 3%.
Sunday newspaper round-up: Ukraine, Gas rationing, Shadow banking
France and the UK will organise a summit to bolster ties. The announcement follows a pledge from the leaders of both countries to help Ukraine through a military surge to stop Moscow. A day before, Emmanuel Macron and Boris Johnson had agreed that an outright defeat of Russian forces was still the best outcome. Failing that, Ukrainian President, Volodymyr Zelenskiy needed to be in the best possible position to reach a deal. - The Sunday Times.