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Tuesday preview: UK employment, Apple in focus
All eyes on Tuesday will be on the latest UK employment report.
US close: Stocks in the green ahead of key data points
Wall Street managed a positive close on Monday, aligning with the upward momentum seen in European markets, as investors positioned themselves ahead of a raft of significant economic data set to be unveiled later this week.
Europe close: Stocks start week on the front foot
European shares finished higher even as the European Commission tipped a prolonged recession for Germany and investors looked ahead to a critical US inflation reading and an interest rate decision from the European Central Bank (ECB) later in the week.
US open: Stocks edge up ahead of CPI data
Wall Street was higher on Monday, taking its cue from European indices, ahead of a raft of key economic data due out later in the week.
London close: Stocks finish firmer at start of busy week
London's major stock indices ended in positive territory on Monday, supported by robust performances from the mining and housebuilding sectors.
Broker tips: Ashmore, Melrose Industries, Babcock
Shares of emerging markets investment manager Ashmore have tanked since the start of the year but still don't represent a buying opportunity, according to Citi, which maintained its 'sell' rating on the stock on Monday.
Syncona shares slump as Novartis ends eye treatment development
Syncona shares fell as the UK healthcare investment firm said Novartis had stopped the development of experimental eye treatment, GT005, resulting in milestone payments write-off of £54. 5m for Gyroscope Holdings in which Syncona once held a 54% stake.
FTSE 250 movers: Vistry surges, Syncona sinks on write-off
Shares in Vistry surged on Monday as the company said it planned to merge its housebuilding operations with the partnerships business by the end of the year as it also set new medium-term earnings targets.
FTSE 100 movers: Miners rally on China news; Melrose hit by downgrade
London’s FTSE 100 was flat at 7,476. 49 in afternoon trade on Monday.
Germany economy slated to contract in 2023, says EC
The German economy is set to shrink this year as high inflation and rising interest rates as Europe's biggest economy goes into a prolonged recession, the European Commission said on Monday.
Director dealings: Safestore non-exec, Eneraqua CEO pick up shares
Safestore was among those at the top of the list of director purchases on Monday, after a non-executive director was involved in picking up more than 12,000 shares.
Qualcomm surges on Apple supply deal
Qualcomm shares surged on Monday after it said it will supply Apple with 5G modems for smartphones from 2024 until 2026.
BofA Merrill Lynch starts Babcock at 'buy'
Bank of America Merrill Lynch initiated coverage on Babcock on Monday with a ‘buy’ rating and 585p price target, implying more than 50% potential return.
Bushveld announces big partnership plans with Southern Point Resources
Vanadium producer and energy storage developer Bushveld Minerals announced its intention to forge a substantial investment partnership with the SPR GP1 fund, also known as Southern Point Resources, on Monday.
Europe midday: Gains trimmed as EC sees recession for Germany
European shares trimmed morning gains by midday on Monday as the European Commission tipped a prolonged recession for Germany and investors looked ahead to a critical US inflation reading and an interest rate decision from the European Central Bank (ECB) later in the week.
SoftBank’s Arm considers raising IPO price range - report
Arm Holdings - which is owned by Japan’s SoftBank - is reportedly considering raising the price range of its initial public offering after meeting investors for what would be the world’s largest listing this year.
Tlou reports progress at Lesedi production pods
Tlou Energy announced the successful completion of drilling activities at its Lesedi 4 and 6 production pods on Monday, marking a significant step forward in its ongoing gas production efforts.
Morgan Stanley upgrades Tesla on Dojo supercomputer potential
Morgan Stanley upgraded Tesla to ‘overweight’ from ‘equalweight’ and hiked the price target to $400 from $250, as it argued that the company’s Dojo supercomputer could add up to $500bn to the enterprise value.
London midday: FTSE stays up as miners, housebuilders rally
London stocks were off earlier highs but still in the black midday on Monday, helped along by a strong showing from miners and housebuilders, as investors looked ahead to a busy week.
Berenberg cuts Barratt Developments's target price due to lower estimates for margins
Analysts at Berenberg took a knife to their target price for shares of Barratt Developments on the back of its latest guidance.