Market Pulse
JPMorgan maintains 'overweight' on UK equities
JPMorgan Cazenove said on Monday that it was maintaining its ‘overweight’ stance on UK equities, which it believes should continue to outperform even in the aftermath of the Brexit vote.
Barclays downgrades Cobham to 'equalweight'
Barclays downgraded Cobham to ‘equalweight’ from ‘overweight’ saying it expects several unquantifiable bumps along the way in the next six months and sees cleaner yet equally compelling value to be had elsewhere in its coverage.
Sage hit by data breach
Sage was in the red on Monday after the software company said an internal login had been used to gain access to some of its British customers’ data.
Europe open: Stocks little changed as investors digest Japan data
European stocks were little changed in early trade as investors digested some disappointing Japanese growth figures.
London open: Stocks flat; Bovis slumps but G4S gains
Stocks in London were flat in early trade as investors digested weaker-than-expected Japanese economic growth figures and sifted through corporate news.
Entertainment One surges on improved ITV bid hopes
Shares in Entertainment One were surging on Monday morning on reports that ITV might improve its bid for the Canadian TV and film distributor.
UK high streets attract more shoppers but BRC concerned at empty stores
Shopper numbers in July improved from the previous month but were still down compared to last year, while one in ten shops in the UK was vacant due to a combination of fewer pop-up shops and Brexit uncertainty.
RIT Capital net assets reach a new all-time high
RIT Capital Partners published its interim results for the six months to 30 June on Monday, with total net assets standing at a new all-time high of £2. 5bn.
Bovis Homes builds higher earnings in first half
Bovis Homes posted its results for the six months to 30 June on Monday, with an 18% jump in revenue to £412. 8m, from £350. 7m a year ago.
G4S poaches Petrofac CFO Tim Weller
FTSE 250 security firm G4S said on Monday that Tim Weller will succeed Himanshu Raja as chief financial officer after Raja retires from the board and steps down from the role on 1 October.
London pre-open: Stocks seen touch higher; William Hill, Bovis in focus
London stocks were set to open a little higher on Monday following a mixed session in Asia and the release of weaker-than-expected Japanese economic growth figures.
Monday newspaper round-up: DS Smith, Sage, ITV, Lifetime Isa, house prices
One of Britain’s leading captains of industry is to warn the new Brexit minister that he may be forced to relocate his £4 billion UK-based manufacturing group to the Continent if the government does not keep the country within the European single market. In one of the first explicit examples of what Brexit means for British manufacturers, DS Smith, the provider of specialist packaging for Amazon and fast-moving consumer goods groups such as Unilever, Nestlé, Procter & Gamble and the Cadbury group Mondelez, has already diverted tens of millions of pounds of investment out of the UK to a new plant near Frankfurt.