Market Pulse
Gambling stocks tank on report of potential £3bn tax raid
UK gambling stocks tumbled on Monday following a report the government is planning a tax raid of up to £3bn on the gambling sector in this month’s Budget.
JPMorgan upgrades Bunzl to 'overweight'
JPMorgan Cazenove upgraded Bunzl on Monday to ‘overweight’ from ‘neutral’ and lifted the price target to 3,980p from 3,660p as it increased its medium-term underlying margin assumptions to reflect greater confidence in a positive trajectory.
Asia report: Most markets rise despite China disappointment
Asia-Pacific markets were mostly positive on Monday as investors reacted to news from China and anticipated economic data releases from the region later in the week.
FCA lifts collection restrictions on S&U subsidiary Advantage
Motor and property finance specialist S&U announced on Monday that the Financial Conduct Authority (FCA) had agreed to lift the collection process restrictions previously imposed on its motor finance subsidiary, Advantage Finance.
Life Science REIT completes new lease at Oxford Technology Park
Life Science REIT announced on Monday that it has completed a new lease with quantum technology company Infleqtion for 7,500 square feet of fully-fitted laboratory space at the Innovation Quarter in Oxford Technology Park (OTP).
China export and import growth slows further
China's exports and imports grew significantly less than expected in September, according to fresh data released on Monday.
Frasers Group's Ger Wright steps down as Sport MD
Retailer Frasers Group revealed on Monday that Ger Wright will stand down from her role as managing director of Sport on 30 November but will remain on its board as a non-executive director.
Augmentum taps William Reeve as its new chairman
Augmentum Fintech announced the appointment of William Reeve as chairman of its board on Monday, effective 1 November.
Helical reports progress across development pipeline
Helical reported significant progress across its development pipeline and investment portfolio in a trading update on Monday, particularly in its London office projects.
London open: FTSE nudges lower as gambling stocks tank
London stocks nudged down in early trade on Monday as investors eyed the release of key UK data points this week, with gambling shares under the cosh amid reports of a potential £3bn tax raid on the sector.
PageGroup cautious as recruitment weakness continues
PageGroup reported a 13. 5% drop in group gross profit for the third quarter on Monday, reflecting ongoing challenges across global recruitment markets.
London pre-open: Stocks seen lower ahead of key data releases
London stocks were set to edge down at the open on Monday as investors eyed the release of key UK data points this week, including jobs figures on Tuesday and inflation readings on Wednesday.
Monday newspaper round-up: Harland & Wolff, Post Office, top rate taxpayers
Spanish shipbuilding firm Navantia is in exclusive negotiations to buy Harland & Wolff, the owner of the Belfast shipyard that built the Titanic, in a deal that could rescue up to 1,000 jobs. It is understood the group could take control of the group’s four yards – in Belfast; Appledore, Devon; Arnish on the Isle of Lewis; and Methil, Fife – as early as next month. – Guardian.