Market Report
Broker tips: IMI, Bodycote, IQE, Easyjet
Deutsche Bank upgraded its stance on IMI on Monday and downgraded Bodycote as it took a look at the European capital goods sector.
Commodities: Citi says that oil prices, China are risks in 2018
Commodities were lower almost across-the-board following news that US Senate Republicans had clinched passage of their tax cut package in that chamber at the weekend.
Director dealings: M&G Prudential deputy CEO buys in
Anne Richards, M&G Prudential's chief executive bought a large amount of shares in the life insurer financed via the sale of options in the stock.
Sector movers: US tax deal news bolsters construction names
Construction stocks paced gains at the start of the week as the US Congress began going about reconcile competing tax cut package proposals which according to some analysts might result in the Trump administration's first major policy win as soon as this week.
Europe close: Early gains for stocks stick as US dollar gains
Early strong gains in European stockmarkets stuck this time, amid US tax reform progress that boosted the dollar's value and after news broke of a possible breakthrough in Brexit talks.
London close: Shares held back as Brexit talks hit unexpected snag
London stocks were up but off earlier highs even as investors welcomed the passing of the US tax reform bill, held back by the lack of a widely-expected breakthrough in the Brexit negotiations, reportedly on the back of opposition from the DUP.
Barclays starts coverage of Apple supplier IQE at 'overweight'
Trading on 24 times' their estimates for its earnings per share in 2020, stock in IQE was on a 'premium' valuation but it did not look stretched, analysts at Barclays said.
Tuesday preview: Ferguson and Victrex report, UK services PMI
Results from Ferguson and Victrex are the highlight of a quiet company calendar, but on the data side there's a more packed diary, with a ream of soft economic data around the world, eurozone retail sales and the US trade balance.
Morgan Stanley ups target price on Easyjet, but leaves at 'equalweight'
Analysts at Morgan Stanley hiked their target price on Shares of Easyjet on the back of improved estimates for the airline's revenues per seat and higher projections for the cable exchange rate together with the impact from 'rolling forward' their valuation at improved multiples.
MySale Group makes solid start to year
Online retailer MySale Group has started its financial year positively, investors were told at its annual general meeting on Monday.
Windar gets order for 300 systems from China
Windar Photonics, the technology group which has developed a LiDAR wind sensor for use on electricity-generating wind turbines, announced on Monday that - after a period of testing announced earlier this year - it has received a follow-on order from one of its Chinese partners for 300 ‘WindEye’ LiDAR systems for the Chinese market.
FTSE 100 movers: Ashtead gains on US tax reform bill; Fresnillo loses its shine
London's FTSE 100 was up 0. 4% to 7,325. 86 in afternoon trade on Monday as investors grew hopeful of a Brexit breakthrough and cheered the passing of the US tax reform bill.
FTSE 250 movers: IMI rallies on upgrade; precious metals miners drop
London's FTSE 250 was up 0. 4% to 19,935. 20 in afternoon trade on Monday as investors digested a better-than-expected reading on the UK construction sector and cheered news of the passing of the US tax reform bill amid growing hopes of a Brexit breakthrough.
Bitcoin reaches new high at nearly $11,800
Bitcoin hit a new record high of nearly $11,800 on Sunday breaking it’s last record of over $11,000 on Wednesday 29 November.
US open: Tech less in favour as US tax cuts progress
Wall Street is trading on a mixed note at the start of the week as investors welcome news that Senate Republicans have passed their proposed tax reform bill but rotate out of technology stocks, although political concerns were still on some traders' minds.
Versarien signs deal with US chemicals supplier
Advanced materials engineering group Versarien has signed an agreement with an unnamed US-headquartered global chemical supplier, it announced on Monday, which will allow both companies to begin collaborating across “a number” of projects.
Deutsche Bank upgrades IMI, downgrades Bodycote
Deutsche Bank upgraded its stance on IMI on Monday and downgraded Bodycote as it took a look at the European capital goods sector.
Silence sells part of its holding in Arrowhead Pharmaceuticals
Serious disease treatment developer Silence Therapeutics has sold part of its holding of common shares in Arrowhead Pharmaceuticals, it announced on Monday.
Primorus sells Gold Mines of Wales holding to Alba
Primorus Investments announced on Monday that it has, by way of a sale and purchase agreement and loan assignment, sold its entire holding of 49% of the issued share capital in Gold Mines of Wales to Alba Mineral Resources, for a total consideration of 83,333,333 shares in Alba.
Sky shares rise as Disney resumes Fox hunt
Shares in Sky were lifted on Monday after reports that Walt Disney has restarted talks with Rupert Murdoch’s 21st Century Fox over acquiring most of the broadcaster's assets, including the stake in the UK business.