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Sector movers: Stocks gain as investors stop chasing gains in tech
Shares in the FTSE 350 continued to rally back towards their all-time highs at the start of the week, as investors rotated back towards value shares while taking some profits in technology names following recent sharp gains in the space.
Hargreaves Lansdown investor questions fairness of takeover bid
Hargreaves Lansdown shareholder Lancaster Investment Management said on Monday that it remains "unconvinced" that a takeover offer by a consortium led by CVC Capital Partners is fair for all shareholders.
Tuesday preview: US house price data, Fedspeak in focus
The market spotlight on Tuesday will be on flurry of closely followed US housing indicators for the month of April.
Europe close: Stocks move up ahead of French vote
European stocks extend gains on Monday as investors waited on key US price data later in the week and the results of the first round of voting in the French parliamentary elections on 30 June.
London close: Prudential, Frasers Group lead stocks higher
London stocks closed on a positive note on Monday, driven by robust performances from Prudential and Frasers Group.
US open: Stocks mostly higher, Nvidia drags on Nasdaq
US stocks were mostly higher at the start of the last trading week of the second quarter.
FTSE 100 movers: Prudential rallies; Smurfit gives back some gains
London’s FTSE 100 was up 0. 7% at 8,297. 24 in afternoon trade on Monday.
JPMorgan cuts L&G price target but maintains ‘overweight’
JPMorgan Cazenove slashed its price target on Legal & General on Monday to 285p from 330p as it cut its estimates significantly after the company’s June capital markets day.
Broker tips: Mitie, Rolls-Royce
Shares in facilities management and professional services company Mitie were on the rise on Monday after Deutsche Bank lifted its target price for the stock following the group's better-than-expected annual results.
Jefferies hikes target for Rolls-Royce, sees upside to medium-term targets for free cash flow
Analysts at Jefferies hiked their target price on shares of Rolls-Royce, pointing to its most recent trading update, which they said implied the potential for positive surprises as regarded the engineer's free cash flow guidance.
Director dealings: Balfour Beatty CEO invests, DS Smith finance chief covers tax bill
Among the director dealings disclosed to the market on Monday were two involving senior executives from Balfour Beatty and DS Smith.
Shein makes moves towards London IPO - reports
Chinese online fast fashion behemoth Shein has taken a step towards a potential public listing, it emerged on Monday, with reports that it confidentially filed documents with Britain's markets regulator in early June.
Eurofins slumps after Muddy Waters allegations
Shares in Eurofins Scientific plunged by more than a fifth on Monday after activist hedge fund Muddy Waters accused it of financial regularities, saying it had taken a short position in the stock because the German laboratory company was "optimised for malfeasance".
US sustainable packaging group Sonoco to buy Eviosys for $3.9bn
US sustainable packing company Sonoco said on Monday that it has agreed to buy Eviosys, a food cans, ends and closures manufacturer, from KPS for about $3. 9bn.
Deustche Bank ups target price for Mitie following strong results
Shares in facilities management and professional services company Mitie were on the rise on Monday after Deutsche Bank lifted its target price for the stock following the group's better-than-expected annual results.
London Tunnels switches listing plan to Euronext Amsterdam
London Tunnels announced plans to raise £30m through an initial public offering (IPO) on Euronext Amsterdam on Monday, shifting its listing plans from the London Stock Exchange.
Getir shareholders reportedly approve company's split
Shareholders of Turkish rapid grocery delivery giant Getir have endorsed a major restructuring plan that would see it split into two separate entities and receive a significant capital infusion from the Abu Dhabi state investment fund Mubadala, it emerged on Monday.
Trustpilot bolsters leadership with two new hires
Review platform Trustpilot announced the appointment of a chief revenue officer and chief strategy officer on Monday, strengthening its senior leadership team as the company moves into "the next phase of growth".
UK manufacturing output broadly unchanged in June quarter
Manufacturers in the UK reported that output volumes remained broadly unchanged in the three months leading up to June, according to the latest industrial trends survey released by the Confederation of British Industry (CBI) on Monday.