Market Pulse
US close: Stocks end firmly lower on Brexit worries
US stocks closed firmly in the red on Monday as investors continued to worry about the impact of Britain’s decision to leave the European Union.
Sector movers: Real estate and financial services shares weigh the most
Falls among smaller UK-focused shares weighed the most on the stockmarket, taking the second-tier FTSE 250´s cumulative two-day decline to 14% - its biggest since 1987.
Tuesday preview: All eyes on Brussels and Westminster
While keeping one eye on the newsflow out of Brussels and Westminster, on the off-chance, but not impossible, possibility of a break in the clouds in the ongoing tensions between the two capitals, investors would also be keeping tabs on the ongoing flow of economic data.
Europe close: Brexit continues to weigh on continental markets
European stocks extended their losses on Monday, while the pound fell to a fresh 31-year low and gilts rallied further, as investors tried to gauge the impact of the UK’s decision to leave the European Union.
Fishing Republic raises over £3.7m on share placing
Fishing tackle retailer Fishing Republic said on Monday it raised over £3. 75m through a "heavily-oversubscribed" placing of over 10m ordinary shares of 1p each at a price of 35p per placing share on AIM, the London Stock Exchange’s junior market, against the backdrop of sharp falls in the wider marketplace.
London close: Stocks still trying to find their footing
London stocks took another hit, with traders for now largely ignoring attempts by George Osborne to reassure global investors, as financial markets continued to look for answers to the current uncertainty, both economic and political.
Broker tips: ITV, Randgold Resources, Fresnillo, UK banks
Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their 'buy' recommendation and 375p target on the stock and singled it out as a 'top-pick'.
US May trade deficit points to weakness in parts of economy
The US trade deficit increased by more than economists had expected in May, which was a possible indication of weakness in parts of the US economy according to some economists.
Directors dealings: Hikma chief dips back in after gout victory
Hikma Pharmaceuticals chief executive Said Darwazah has further boosted his stake in the company with a huge £3. 3m purchase of shares.
US open: Stocks slide on Brexit fears; dollar gains more ground
US stocks opened in the red on Monday, taking their cue from heavy losses in Europe as investors continued to worry about the impact of Britain’s decision to leave the European Union.
FTSE 250 movers: Banks and housebuilders sinking on Brexit
The FTSE 250 was well below the waterline in afternoon trading on Monday, with the market largely ignoring attempts to reassure the market by Chancellor George Osborne after last week's UK vote to leave the European Union.
Goldman takes down price targets on UK General Retailers
Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium.
Goldman Sachs upgrades Randgold and Fresnillo
Precious metals miners Randgold Resources and Fresnillo were among the few gainers in equity markets on Monday again as gold prices hit a two-year high and supported by upgrades from Goldman Sachs.
Flat US services PMI suggests no rush for Fed rate hike
Activity in the US services sector failed to rally as hoped in June, according to data released on Monday, suggesting that the economy's underlying rate of growth remains lowly and that a rate hike may not be on the cards too soon.
FTSE 100 movers: EasyJet crashes on warning; Randgold and Fresnillo shine
London’s FTSE 100 was down 2. 1% to 6,011. 36 in afternoon trading as the impact of Brexit continued to weigh on investors’ minds.
Biome Technologies warns on profits as coffee pod demand slow to catch up
Biome Technologies issued a profit warning after its predictions for commercialising biodegradable plastic products for the single-serve 'coffee pods' market proved optimistic.
Tanfield writes down one of its investments
Tanfield, a passive investment company, reported a loss before tax for the year ending 31 December 2015 after it wrote down the value of one if its investments.
GW Pharma succeeds with second epilepsy trial for Epidiolex
GW Pharmaceuticals has revealed its cannabis-derived treatment has been found to reduce seizures for two forms of epilepsy.
Stay cautious, but FTSE 100 remains 'overweight', JP Morgan says
The consequences of Brexit would be long-lasting as there were no easy or quick remedies for the shift towards 'anti-establishment' politics over the past few years, which the financial community had tended to underestimate, strategists at JP Morgan said.
Rail operators to crack down on London fare dodgers
Rail operators plan to go after fare dodgers over the summer, teaming up with transport police to catch those responsible for losses said to be more than £200m each year.