Latest News
Europe open: Shares up as investors mull China rate cut; UK housebuilders slump
European shares opened higher on Monday as investors digested a cut in China's key interest rate.
Berenberg lifts targets for Glanbia on margin growth
Berenberg has raised its target price for Glanbia after the Irish performance nutrition and food manufacturer's forecast-beating interim results last week, as strong margins make up for declining volumes.
Investec names Cumesh Moodliar as new head of banking
Anglo-South African financial services group Investec has named long-serving banker Cumesh Moodliar as the new chief executive of its banking arm.
Asia report: Markets mixed after China's rate cut surprise
Asia-Pacific markets were a mixed bag on Monday, after China's central bank decided to cut its one-year loan prime rate, while keeping the five-year rate unchanged.
Hutchmed meets all endpoints in platelet disorder treatment trial
Hutchmed China reported a breakthrough from its recent phase three trial in sovleplenib on Monday, reporting that it met its primary endpoint and all secondary endpoints for treating adult patients with primary immune thrombocytopenia - a platelet disorder - (ITP) in China.
Jubilee reports progress in South Africa, Zambia
Jubilee Metals Group reported on the latest advancements at its chrome joint venture in South Africa on Monday, as well as the expansion of the Roan Concentrator in Zambia.
JPMorgan picks three UK defensive stocks to watch
JPMorgan has kept its 'overweight' rating on UK-listed consumer goods and staples stocks Diageo, Reckitt Benckiser and Imperial Brands, saying the companies are "well positioned" going into the second half of the year.
Asking prices for UK homes drop sharply in August - Rightmove
UK advertised house prices have fallen again as surging borrowing costs deter first-time buyers, according to estate agent Rightmove.
London open: Stocks edge up but housebuilders slump on Crest Nicholson warning
London stocks edged higher in early trade on Monday as investors mulled the latest rate cut by the People’s Bank of China, but housebuilders were under the cosh after a profit warning from Crest Nicholson.
Idox beefs up geospatial offering with Emapsite acquisition
Idox, which sells management and regulation software to UK councils and local government, has acquired UK GIS and geospatial data provider Emapsite for £15. 8m.
TRIG sells three onshore wind farms in Ireland
The Renewables Infrastructure Group (TRIG) has agreed to sell three onshore wind farms in Ireland to Statkraft, it announced on Monday, for €25m - a 26% premium over the valuation as of 31 December.
PBoC announces smaller-than-expected rate cut
The People’s Bank of China announced a smaller-than-expected rate cut on Monday.
Discount retailers ABF and B&M to 'outperform', says RBC
RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.
Indivior settles part of US suboxone litigation
Addiction treatment specialist Indivior announced on Monday that its US subsidiary has entered into an agreement to settle the claims initiated by the end payor class in the ongoing multi-district suboxone antitrust litigation.
Indivior settles some suboxone class action claims, Crest Nicholson lowers profit forecasts
London open The FTSE 100 is expected to open one point lower on Monday, having closed down 0. 65% on Friday at 7,262. 43.
London pre-open: Stocks to edge up as investors digest PBoC
London stocks were set to edge up at the open on Monday as investors digested the latest rate cut by the People’s Bank of China.
Monday newspaper round-up: Airlines, listed companies, asking prices
Airlines that break the law by not helping customers when flights are delayed or cancelled should be fined, consumer rights groups and online travel agents have said. In a letter to the prime minister, Rishi Sunak, the consumer rights group Which? and leading online travel agents called for the aviation regulator to be given more powers to act amid flight cancellations. – Guardian.