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Europe midday: Stocks trading on front foot, US CPI and China data in focus
European stocks were trading on the front foot on Monday ahead of a busy week for economic data, including growth indicators from China and all-important inflation stats from the US.
London midday: Stocks maintain gains as investors eye inflation data
London stocks were still in the black by midday on Monday following on from solid gains on Wall Street at the end of last week, as investors looked ahead to inflation readings this week in the UK and US.
Atalaya seeking admission to London's main market
Atalaya Mining announced its intention on Monday to seek admission for its shares to the premium segment of the Official List and begin trading on the London Stock Exchange main market.
US pre-open: Futures fall ahead of inflation data
US stock futures were slightly lower on Monday morning as investors treaded carefully ahead of a busy week for economic data, which includes the latest reading on consumer price inflation.
Dr Martens slumps on Barclays downgrade
Dr Martens slumped on Monday after Barclays downgraded shares of the iconic bootmaker to ‘equalweight’ from ‘overweight’ and cut the price target to 140p from 174p.
Kainos first-half profits grow, bookings fall
Kainos posted a jump in first-half profit and revenue on Monday as it hailed continued strong growth across its key business areas, but bookings and healthcare revenues fell.
Heathrow passenger numbers jump 18% in October
The number of passengers passing through London Heathrow was up 18% year-on-year in October, the airport announced on Monday.
Loungers on track with roll-out plan
Café, bar and restaurant operator Loungers said on Monday that its accelerated site roll-out plan remains firmly on track, with four further sites opened since 13 September.
Asia report: Most markets fall in subdued session
Asia-Pacific markets closed with a mixed performance on Monday, as investors monitored economic data ahead of highly anticipated talks between US president Joe Biden and his Chinese counterpart Xi Jinping.
LXi REIT extends HSBC facility by two years
LXi REIT announced an extension to its existing £60m loan facility with HSBC on Monday, pushing the term from December 2024 to December 2026, effectively lengthening the maturity date.
Tullow enters into $400m debt facility with Glencore
Tullow Oil said on Monday that it has entered into a $400m five-year notes facility agreement and oil marketing and offtake deals with Glencore.
Citi cuts targets for Diageo after surprising LatAm weakness
Citi has slashed its target price for Diageo by 15% after the drinks group's disappointing trading update on Friday, saying there's a risk of further cuts despite last week's derating.
Europe open: Stocks follow Wall Street higher ahead of data-heavy week
European stocks advanced on Monday ahead of a busy week for economic data, including growth indicators from China and all-important inflation stats from the US.
HICL offloading interests in Sheffield student accommodation project
HICL Infrastructure announced its decision to sell its equity interests in the University of Sheffield Accommodation Project on Monday for £18m.
FDM shares plunge on bleaker outlook for 2024
Shares in professional IT services provider FDM Group were plunging on Monday morning after it updated the market on its trading since the interim results in late July and lowered its expectations for next year.
Royal Mail fined £5.6m by Ofcom for missing delivery targets
Ofcom has fined Royal Mail £5. 6m for missing postal delivery targets in the last financial year "by a significant and unexplained margin".
Vodafone unveils plans for strategic partnership with Accenture
Vodafone Group unveiled plans for a strategic partnership with Accenture on Monday to accelerate the commercialisation of shared operations.
British Land bullish on rental guidance after solid first half
Shares in British Land jumped on Monday after the real estate group upgraded its guidance for estimated rental value (ERV) following a solid first half.
London open: Stocks rise as investors eye inflation readings
London stocks rose in early trade on Monday following heavy losses at the end of last week, as investors looked ahead to inflation readings this week in the UK and US.
Phoenix Group lifts FY cash generation targets
Insurer Phoenix Group said on Monday that it was lifting its full-year cash generation targets after completing the funds merger of its Standard Life and Phoenix Life businesses into a single entity.