Market Report
CS moves William Hill, Paddy Power to 'neutral' over regulatory risks
Paddy Power Betfair was upgraded and William Hill downgraded as Credit Suisse revised its view of the UK bookmakers due to the regulatory environment.
Highland Gold granted licences for two greenfield mines
Highland Gold Mining announced on Monday that it had received exploration licences for two greenfield sites adjacent to the existing licence areas for the Mnogovershinnoye mine.
Huntsman and Clariant agree $20bn merger
Swiss and US chemicals groups Clariant and Huntsman Corp have agreed to a merger of equals that would create a company worth around $20bn.
Results round-up
International ICT company Datatec's shares were flat mid morning as it posted falls in its full-year revenue and pre-tax profit.
Hardide strikes supply deal with Graco
Advanced surface coating technology provider Hardide announced on Monday that group company Hardide Coatings signed a new seven-year supply agreement with Graco of Minneapolis for the coating of various pump components.
Jefferies downgrades Bunzl, says core legacy margins under pressure
Jefferies downgraded its recommendation and target price on Bunzl due to concerns about momentum in the company's core margins and declining returns.
Aegon to sell run-off businesses to Wilton Re
Aegon has agreed to sell its two largest US run-off businesses, the payout annuity business and the bank-owned/corporate- owned life insurance business to Wilton Re.
US pre-open: Stocks steady as investors eye Fedspeak
US futures pointed to a steady start on Wall Street on Monday as investors eyed a series of speeches from Federal Reserve officials, with little in the way of corporate news to sink their teeth into.
Restore starts year 'well' as PHS delivers to expectations
As investors in Restore gathered in London on Monday morning for the company’s annual general meeting, its chairman Sir William Wells was preparing to update them on the firm’s trading performance in the year to date.
Bryan Garnier downgrades Worldpay on recent share price run
Bryan Garnier downgraded payments processor Worldpay to ‘sell’ from ‘neutral’, maintaining the fair value at 278p, as it said the stock has run too far and it sees no short-term catalysts.
Forbidden wins video contract with e-sports group Gfinity
Forbidden Technologies has won a contract with e-sports organiser Gfinity to provide its Forscene cloud-based video-editing software.
Metminco proceeding with Miraflores study after funding documents complete
Metminco issued a funding update on Monday morning, announcing that the documentation in relation to the convertible note facility of AUD 0. 75m with Redfield Asset Management and Redfield Advisory, as announced 3 April, was now complete.
London midday: Stocks maintain gains as Tory climbdown on social care hits pound
London stocks were holding onto gains by midday as the pound took a hit from domestic political turmoil after Prime Minister Theresa May was forced into a humiliating climbdown over her so-called 'dementia tax' manifesto policy less than a week after it was unveiled.
Asia report: Most markets higher as DPRK tests another missile
Most markets in Asia were higher on Monday, reacting to Wall Street’s Friday recovery with traders seeming to largely brush off another missile test from North Korea over the weekend.
Europe midday: Stocks slip amid gains for the euro
European markets have moved slightly lower ahead of this evening's meeting of euro area finance chiefs to discuss the disbursement of further aid and possible debt relief for Athens, amid renewed gains for the single currency.
Arsenal owner Kroenke issues formal rejection of Usmanov bid
Arsenal Football Club's 67% owner Stan Kroenke has officially rejected a rumoured £2bn takeover bid from Uzbeki billionaire shareholder Alisher Usmanov.
Mortice wins long-term contracts via new acquisition
Security and facilities management provider Mortice has won a pair of new long-term cleaning and waste contracts in new sectors.
Macquarie raises target price on Cairn Energy, upgrades to 'outperform'
Analysts at Macquarie revised their target price on shares of Cairn Energy higher in anticipation of progress in Senegal and the start of cash flow generation in the North Sea.
Intertek boosted by Kepler upgrade to 'buy'
Intertek got a boost on Monday as Kepler Cheuvreux lifted the stock to ‘buy’ from ‘hold’ and raised the price target to 4,600p from 3,935p ahead of the first-quarter results on 26 May.
Monday broker round-up
JD Wetherspoon: Citigroup downgrades to Neutral with a target price of 1030p.