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US close: Dow Jones sheds more than a thousand points amid recession fears
Wall Street stocks closed sharply lower on Monday amid fears that a potential US recession may be on the horizon.
Tuesday preview: Global financial stability, RBA rate decision in focus
Investors' focus on Tuesday will be on equity markets and whether or not the rout of the last few sessions abates.
Europe close: Stocks pummeled as global carry trade continues to unwind
European shares were sharply lower again at the start of the week, although the selling did abate a bit and appeared to be centred on some of the most popular 'carry trades' globally, including US tech giant Nvidia shares or Bitcoin.
Director dealings: Wizz Air CEO makes share purchase
Wizz Air revealed on Monday that chief executive Jozsef Varadi had acquired 10,000 ordinary shares in FTSE 250-listed low-cost carrier.
London close: Stocks slide amid big global selloff
London's stock markets ended sharply lower on Monday, as part of a broader global market downturn.
Broker tips: Serco, Ecora Resources
JPMorgan Cazenove reinstated coverage on Serco on Monday with an 'overweight' rating and a target price of 215. 0p.
US services PMI rises to 51.4 in July
The Institute for Supply Management's services purchasing managers index rose to 51. 4 in July, up from the more than four-year low of 48. 8 recorded in June and ahead of market expectations for a reading of 51.
Wood Group tanks as Sidara walks away
Wood Group tumbled on Monday after Dubai-based engineering and consultancy firm Sidara said it won’t be making a firm takeover offer for the company due to "geopolitical risks and financial market uncertainty".
Berenberg raises target price Ecora Resources
Analysts at Berenberg updated their investment model on Ecora Resources on Monday and hiked their target price on the stock from 140. 0p to 150. 0p following the release of an updated feasibility study on the Santo Domingo project in Chile.
FTSE 250 movers: Wood Group tanks as Sidara walks away; Clarksons down on results
London’s FTSE 250 was 2. 3% lower at 20,248. 72 in afternoon trade on Monday.
US open: Stocks sharply lower amid recession fears
Wall Street stocks were firmly in the red early on Monday amid fears that a potential US recession may be on the horizon.
FTSE 100 movers: Defensives eke out some gains amid heavy selloff
London’s FTSE 100 was down 2. 3% at 7,985. 98 in afternoon trade on Monday, suffering its worst session in more than a year.
Destiny Pharma reports positive findings from XF-73 study
Clinical-stage biotechnology company Destiny Pharma announced new data on its lead drug, exeporfinium chloride (XF-73), on Monday.
Mindflair invests £0.3m in Sure Ventures
Mindflair announced a £0. 3m investment to acquire 315,790 new shares in Sure Ventures (SV) on Monday, for 95p each, increasing its stake in SV to 23. 8% from 20. 5%.
BioNTech losses more-than-quadruple in second quarter
German pharmaceutical company BioNTech reported a sharp increase in losses for its second quarter on Monday, as it pivoted away from its Covid-19 vaccine business towards cancer drug development.
JPMorgan reinstates coverage on Serco at ‘overweight’
JPMorgan Cazenove reinstated coverage on Serco on Monday with an ‘overweight’ rating and a target price of 215p.
US pre-open: Futures sharply lower amid recession fears, tech sell-off
Wall Street futures were firmly in the red ahead of the bell on Monday amid fears that a potential US recession may be on the horizon.
Hargreaves Lansdown extends takeover deadline again
Hargreaves Lansdown said on Monday that it has once again extended the deadline for a consortium led by CVC Advisers and the Abu Dhabi Investment Authority to make a firm offer for the investment platform.
London midday: Stocks sharply lower amid global selloff; Wood Group tanks
London stocks were still sharply in the red by midday on Monday amid a global market selloff, and after Japan’s Nikkei tanked more than 12%, suffering its worst session since Black Monday in 1987.
Real Estate Investors 'pleased' with YTD performance
Midlands-focussed real estate investment trust Real Estate Investors said on Monday that it was "pleased" with its year-to-date performance and that it remains on track with its strategy to make targeted sales to private investors and special purchasers during 2024, repaying debt with the proceeds.