Market Report
Barclays forecasts rough seas ahead for Carnival
Barclays has cut its recommendation for cruise operator Carnival over concerns earnings will continue to suffer from weak European demand.
Boots set to ban plastic carrier bags and switch to paper
Boots is set to ban plastic carrier bags by 2020 and will replace them with brown paper bags.
RBC axes target price for Petra Diamonds
Royal Bank of Canada slashed its target price on shares of Petra Diamonds on the back of its forecasts for continued pricing pressures on the small end of the diamond market and the miner's "high" financial leverage, together with a swith to a new methodology.
EE fined £100k for unlawful marketing texts
Mobile phone operator EE has been fined £100,000 by the Information Commissioner's Office for sending more than 2. 5 million direct marketing messages to its customers without their consent.
MySale puts itself up for sale, launches strategic review
Australian online retailer MySale said on Monday that it was putting itself up for sale as it announced the launch of a strategic review.
Deutsche Bank backs Vodafone as it reiterates 'buy' rating
Deutsche Bank has maintained its ‘buy’ rating for Vodafone, despite reducing its price target, arguing that headwinds are starting to ease for the mobile phone giant.
Danske Bank sacks former interim CEO
Danske Bank has fired its former interim chief executive officer after customers were overcharged for an investment product.
Eldorado and Caesars take a gamble on $17bn deal
Shares in Caesars Entertainment jumped in pre-market trading in the US, after it agreed to be acquired by rival casino operator Eldorado Resorts in a multi-billion dollar deal.
Inmarsat to receive $50.75m settlement from RigNet
Inmarsat confirmed on Monday that it has agreed a final settlement with RigNet of all claims in respect of the arbitration case at the International Centre for Dispute Resolution relating to its GX take-or-pay contract.
Circor rejects 'opportunistic' offer from Crane
US flow control technology company Circor International has unanimously rejected an unsolicited offer from Crane Co, dismissing it as "low-value" and "opportunistic".
Nektan narrows losses on the back of double-digit revenue growth
Gaming technology firm Nektan told investors on Monday that it expects to turn in double-digit revenue growth and a "significantly reduced" underlying loss as part of its full-year 2019 figures.
Acacia Mining fires back at Barrick Gold over criticism
Acacia Mining has issued a detailed rebuttal of criticisms made by shareholder and potential suitor Barrick Gold, the latest salvo in an increasingly bitter dispute between the two miners.
US pre-open: Futures point to small gains despite rising geopolitical tensions
Wall Street futures pointed to a positive start to the first day of trading this week despite geopolitical tensions, in particular, those between the United States and Iran, remaining firmly in focus.
Deutsche Bank downgrades BT Group to 'sell' on expected rise in capex
Analysts at Deutsche Bank cut their target price on shares of BT Group on Monday and cut their recommendation from 'hold' to 'sell', telling clients that rising capital expenditures threatened the recovery in the telco's earnings before interest, taxes, depreciation and amortisation.
Europe midday: Stocks dip amid trade tensions, weak IFO
Stocks across the Continent have started the week with slight losses, as traders wait on the results of the upcoming G-20 leaders' summit scheduled for later in the week and amid weak readings on the euro area economy.
Asia report: Most markets higher as oil rises on Gulf tensions
Markets in Asia finished mostly higher on Monday, as oil prices continued to head north amid ongoing tensions between the United States and Iran.
London midday: Stocks maintain small gains amid Iran-US tensions, ahead of G20
London stocks were still just a touch higher by midday on Monday amid lingering tensions between the US and Iran, and as investors eyed this week's G20 meeting.
Daimler warns on profits again amid diesel issues
Daimler warned on profit for the third time in a year on Sunday as it increased provisions related to diesel vehicles.
De La Rue chairman heads for the exit
Banknote printer De La Rue said on Monday that chairman Philip Rogerson plans to retire from the board.
SysGroup acquires Hub Network Services in £1.45m deal
Cloud hosting provider SysGroup acquired B2B managed services outfit Hub Network Services on Monday for £1. 45m on a cash-free/debt-free basis.