Latest News
Tuesday preview: US producer prices, Flutter in focus
Investors' focus on Tuesday will be on producer price data that are scheduled for release in the US.
Europe close: Stocks mostly lower following last week's rout
European stocks closed mostly lower on Monday following last week's turmoil.
London close: Stocks maintain gains on quieter Monday
London's financial markets closed on a positive note on Monday, with both major indices registering gains as investor sentiment improved following last week's volatility.
Broker tips: JD Sports, Quilter, Diageo
Deutsche Bank downgraded its recommendation for shares of JD Sports from 'hold' to 'sell' due to what it saw as the inevitable cost of growing the business and trimmed their target price of 115. 0p.
Director dealings: Mears CFO raises stake
Mears Group revealed on Monday that chief financial officer Andrew Smith had acquired 12,010 ordinary shares in the London-listed housing and social care provider.
RBC Capital lifts Diageo to ‘sector perform’
RBC Capital Markets upgraded Diageo on Monday to ‘sector perform’ from ‘underperform’ and lifted the price target to 2,400p from 2,100p.
FTSE 250 movers: TP Icap gains again; Auction Tech in the red
London’s FTSE 250 was 0. 1% higher at 20,638. 36 in afternoon trade on Monday.
Harland & Wolff appoints interim chair, non-exec director
Harland & Wolff announced the formal appointment of two new members to its board on Monday, with Russell Downs and Alan Fort appointed with immediate effect.
Great Western enters copper pooling agreement with Bronco Creek
Great Western Mining announced on Monday that it has entered into a pooling agreement with Bronco Creek Exploration to advance copper exploration in the Eastside Mine area of Mineral County, Nevada.
Berenberg hikes target price on Quilter
Analysts at Berenberg hiked their target price on wealth management firm Quilter from 105. 0p to 135. 0p on Monday after H1 profits came in ahead of consensus estimates.
Standard Chartered adds industries team to M&A unit, cuts jobs
Standard Chartered has folded its industries coverage team into its mergers and acquisitions (M&A) advisory unit, it was reported on Monday, resulting in the elimination of over 20 positions globally.
US open: Stocks lower as traders look ahead to key inflation data
Wall Street stocks were in the red early on Monday as market participants looked ahead to key inflation data due out later in the week.
FTSE 100 movers: BT surges; JD Sports hit by downgrade
London’s FTSE 100 was up 0. 5% at 8,209. 23 in afternoon trade on Monday.
HSBC promises not to close any branches before 2026
Banking giant HSBC vowed to make no further branch closures until at least 2026 on Monday as it promised to spend more than £50. 0m on updating and improving its branch network.
Scotiabank to invest $2.8bn in US regional lender KeyCorp
KeyCorp rallied on Monday after Canada’s Scotiabank agreed to invest $2. 8bn in the US regional lender.
OPEC trims oil demand growth forecasts for 2024 and 2025
The Organisation for Petroleum Exporting Countries trimmed its forecast for oil demand growth in 2024.
Team Internet shares slide despite first-half growth
Shares in Team Internet Group were in the red on Monday afternoon, even after it reported year-on-year growth across key financial metrics for the first half of the year.
Pantheon Resources reports progress on Alaska's North Slope
Pantheon Resources announced progress in its operations on Alaska's North Slope on Monday, including the securing of a drill rig for the upcoming Megrez-1 well and the formal award of new oil and gas leases.
Deutsche Bank downgrades JD Sports, says cost of growth underestimated
Analysts at Deutsche Bank downgraded their recommendation for shares of JD Sports from 'hold' to 'sell' due to what it saw as the inevitable cost of growing the business and trimmed their target price of 115. 0p.
Downing Renewables upbeat on recent portfolio progress
Downing Renewables & Infrastructure announced a series of positive developments across its portfolio in an update on Monday.