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Europe midday: Shares slide into red; Direct Line tanks as Ageas pulls out
European stocks slipped into the red on Monday ahead of the Easter long weekend as investors took stock of a slew of rate decisions last week and dovish comments from policy makers that sent the Stoxx 600 index to record highs.
Novo Nordisk snaps up CVD specialist Cardior Pharmaceuticals
Danish pharma giant Novo Nordisk has announced it is spending just over a billion euros to take over heart treatment specialist Cardior Pharmaceuticals.
Ocado facing opposition to £15m bonus for Tim Steiner
Ocado fell on Monday following a report over the weekend suggesting the company is under pressure over executive pay after an influential proxy adviser urged shareholders to vote against a new bonus scheme that could see boss Tim Steiner paid as much as £14. 8m.
London midday: Stocks edge lower after last week's gains
London stocks had fallen into the red by midday on Monday, having closed at their highest level in more than a year at the end of last week.
Ofgem looking into more 'dynamic' energy price cap
Ofgem announced a consultation to refine the energy price cap on Monday, ibn a bid to ensure ongoing customer protection amidst the evolving energy market landscape.
Apple, Meta, Alphabet face EU probe under digital markets law
The European Union said it had started investigations into Google owner Alphabet, Apple and Meta over potentially uncompetitive practices.
BioVentix revenue, earnings rise in first half
Monoclonal antibody specialist BioVentix reported a 13% rise in first-half revenue on Monday, to £6. 7m, compared to £5. 9m in the prior year.
US pre-open: Tech stocks to weigh on markets early on
US stocks were set to fall on Monday as markets continued to retreat from recent record highs, with the tech sector providing a drag early on following reports that China is reducing its reliance on American chips.
JPMorgan places Ashtead on ‘positive catalyst watch’ ahead of CMD
JPMorgan Cazenove placed Ashtead on ‘positive catalyst watch’ on Monday ahead of its capital markets day in Atlanta on 29 April, as it expects the stock to outperform into/on the event.
Asia report: Most markets fall on fresh inflation concerns
Asia-Pacific markets were mostly weaker by Monday's close as investors reacted to fresh inflation data from the region.
Lexington Gold makes progress in US, South Africa
Lexington Gold updated the market on its ongoing drill programmes at the Jennings-Pioneer project in the US and the Bothaville project in South Africa on Monday.
Ferrexpo court dates delayed as operations continue
Ferrexpo updated the market on the proceedings involving its subsidiary Ferrexpo Poltava Mining (FPM) on Monday.
Henry Boot predicts brighter future but expects "lag" in performance
UK-listed property developer Henry Boot has said that, while it expects macro conditions to improve this year, the company will see a "lag" in performance with results likely to be weighted to the second half.
Europe open: Stocks flat as investors digest recent rate moves
European stocks were flat at the open ahead of the Easter long weekend as investors took stock of a slew of rate decisions last week and dovish comments from policy makers that sent the Stoxx 600 index to record highs.
Octopus Renewables Infrastructure Trust ups divi despite drop in NAV
Octopus Renewables Infrastructure Trust (ORIT), the clean energy investment fund of Octopus Energy Group, reported a small drop in net asset value in 2023, but still upped its payouts to shareholders after what it deemed a "resilient" performance.
Wise appoints new finance chief
Wise announced the appointment of Emmanuel Thomassin as its new chief financial officer and director Monday.
London open: Stocks muted after Friday's highs; Kingfisher slumps
London stocks were muted in early trade on Monday, having closed at their highest level in more than a year on Friday.
Virgin Wines confident of meeting FY expectations after 'positive' H1
Virgin Wines said on Monday that it was confident of meeting its full-year 2024 profit expectations following a "positive" first-half performance.
Direct Line confident in standalone prospects as Ageas abandons pursuit
Direct Line said on Monday that it was confident in its standalone prospects after Belgium’s Ageas announced it would not be making an offer for the insurer following two failed attempts at engaging with the board.
Pennon trading in line, but bad weather impacts waste-water operations
Water group Pennon said it expects to report full-year results in line with expectations as it makes record levels of investment in the current pricing cycle, though challenging weather conditions have impacted its waste-water operational performance.