Market Pulse
US close: Wall Street stocks close lower on fears of global economic slowdown
US stocks closed lower on Monday following the release of weak Chinese trade figures, as investors eyed the start of earnings season.
Broker tips: LSE Group, Next
Analysts at Berenberg reiterated their 'buy' rating on the London Stock Exchange Group on Monday, saying it was "well placed" to exploit two of the most "robust structural trends in the finance industry".
Berenberg reiterates 'buy' rating on the LSE
Analysts at Berenberg reiterated their 'buy' rating on shares of the London Stock Exchange Group on Monday, saying it was "well placed" to exploit two of the most "robust structural trends in the finance industry".
China car sales fall for the first time this century
Chinese car sales have dropped for the first time since 1990 as an economic slowdown and the ongoing trade war with the US take their toll.
Citigroup posts lower than expected Q4 revenues
US banking giant Citigroup posted better-than-expected profits for the last quarter of 2018, despite a drop in its top line.
Director dealings: Phoenix Global chairman ups stake
Phoenix Global Resources chairman Michael Rake purchased 201,997 ordinary shares in the AIM-listed oil and gas producer on Monday.
Panoply Holdings to buy D/SRUPTION for up to £3.6m
Panoply Holdings said on Monday that it has bought D/SRUPTION, the owner of business magazine iDisrupted, for up to £3. 6m.
FTSE 100 movers: Burberry boosted by upgrade, Paddy Power hit by downgrade
London's FTSE 100 was down 1% to 6,850. 11 in afternoon trade on Monday, with sentiment undermined by disappointing Chinese trade figures as investors eyed this week's Commons vote on Brexit.
US open: Stocks open lower as Chinese data fuels concerns surrounding economic slowdown
US stocks opened the week lower on Monday following the release of weak Chinese trade figures, as investors eyed the start of earnings season.
Essentra sells PPT business to Texas-based National Oilwell Varco
Plastic and fibre products supplier Essentra has disposed of its Pipe Protection Technologies business to subsidiaries of Texas-based oil and gas equipment and components provider National Oilwell Varco.
Credit Suisse downgrades Next on margin attrition
Next was under the cosh on Monday after Credit Suisse cut the stock to 'underperform' from 'neutral' and slashed the price target to 4,800p from 5,800p following the company's trading statement earlier this month.
Newmont Mining to buy Goldcorp in $10bn deal
Newmont Mining has agreed to buy Goldcorp in a $10bn that would create the world's leading gold business.
Litigation Capital Management to fund Aussie case
Litigation financing solutions provider Litigation Capital Management entered into an agreement to provide litigation finance in relation to proceedings which were currently being undertaken in Australasia, it announced on Monday.
Caldonia Mining gold production at Blanket shifts higher
Caledonia Mining Corporation announced gold production from the Blanket Mine in Zimbabwe for the quarter and year ended 31 December on Monday, with approximately 14,952 ounces of gold produced during the quarter, which was 7% higher than the previous quarter.
Europe midday: Stocks slip on Chinese data, poor prospects in Germany and Italy
Stockmarkets on the Continent have come off their worst levels of the session but continue to be mired in the red following the release of figures showing that both China's exports and imports hit two year-lows at the end of 2018.
Mobile Streams pleased with performance even as revenue halves
Mobile Streams updated its shareholders on its progress for the six months ended 31 December on Monday, highlighting the fact that it secured direct agreements with all four mobile telecom operators in India during the period.
Surgical Innovations sees 'significantly stronger' second half
Surgery technology designer and manufacturer Surgical Innovations Group updated the market for the year ended 31 December on Monday, reporting that trading was “significantly stronger” in the second half, resulting in group revenue for the full-year of around £11m.
Arden Partners launches new wealth management division
Arden Partners announced the launch of Arden Wealth Management - its new wholly-owned and FCA-approved wealth management subsidiary on Monday, as well as the creation of a new wealth management division within the Arden group.
Tri-Star pleased with SPMP progress despite delays
Mining and minerals processing company Tri-Star Minerals announced an update from Strategic & Precious Metals Processing’s antimony-gold processing facility in Oman, in which it had a 40% shareholding, and on progress with the disposal of its interest in the Göynük Project in Turkey.
HSS Hire completes disposal of UK Platforms business
HSS Hire confirmed the completion of the disposal of its UK Platforms business to Nationwide Platforms - a wholly-owned subsidiary of the Loxam Group - for a total enterprise value of £60. 5m on Monday.