Latest News
Tuesday preview: US ISM and Morrisons trading update in focus
Financial markets' focus on Tuesday will shift towards America's services sector even as investors continue to keep a close and careful eye on the latest developments in the Middle East.
Week ahead: US jobs report and China CPI in focus
The focus over the coming will be firmly on the US non-farm payrolls report for December, which is scheduled to be published at the end of the week, on Friday.
Berenberg raises price target for On the Beach
Analysts at Berenberg upped their target price on shares of UK-based travel retailer On the Beach from 480. 0p to 540. 0p on Monday, stating the shuttering of Thomas Cook last September had presented the group with "a significant opportunity" to achieve a step-change in market share.
London close: Stocks slip amid heightened Mideast tensions
London stocks extended losses on Monday amid growing geopolitical tensions, while oil prices rallied and gold neared a seven-year high as investors flocked to safe havens.
Europe close: Stocks finish off worst levels despite Mideast tensions
Stocks on the Continent extended their losses from Friday's session as investors cut back on risk given the possibility that tensions in the Middle East might rise further, at least in the very near term, while gold prices hit a seven-year high.
Broker tips: On the Beach, St James's Place
Analysts at Berenberg upped their target price on UK-based travel retailer On the Beach from 480p to 540p on Monday, stating the shuttering of Thomas Cook last September had presented the group with "a significant opportunity" to achieve a step-change in market share.
Director dealings: Severn Trent's Christine Hodgson buys shares
Severn Trent revealed on Monday that chairwoman-designate Christine Hodgson had purchased 2,020 ordinary shares in the FTSE 100-listed utilities firm.
Seeing Machines launches new variant of 'FOVIO' chip
Artificial intelligence (AI)-powered driver monitoring technology company Seeing Machines launched a variant of its ‘FOVIO’ driver monitoring chip solution on Monday, which it said had been developed to specifically address the European New Car Assessment Program (NCAP) requirements for driver drowsiness and distraction detection, to achieve safety ratings from 2022.
Altitude announces tie-up with US promotional giant ASI
Personalised product marketplace operator Altitude Group announced a “major strategic alliance” with the Advertising Specialty Institute (ASI) on Monday, which it described as the largest media, marketing and education organisation serving the $24. 7bn United States promotional products industry.
New car registrations rise in December
New car registrations rose 3. 4% year-on-year in December, preventing the worst year for sales since 2013.
CyanConnode receives £3.3m order as it moves towards breakeven
Smart metering and mesh network provider CyanConnode Holdings has received the formal purchase order relating to the letter of intent from its partner Genus Power Infrastructures, it announced on Monday, which was initially reported on 16 December.
Boeing looks into raising debt to boost finances
Aerospace giant Boeing has floated plans to raise more debt as part of an effort to bolster its finances following the continued grounding of its 737 MAX jet.
Mattioli Woods grows revenues in strong H1
Wealth management firm Mattioli Woods told investors on Monday that it had continued to see growth in revenues, adjusted underlying earnings and pre-tax profits during the six months ended 30 November 2019.
US open: Stocks open lower as geopolitics take centre stage
US stocks opened lower on Monday as geopolitical tensions remained at the forefront of investors' minds.
Bahamas Petroleum opens mutual fund to Bahamian investors
Oil and gas exploration company Bahamas Petroleum updated the market on the creation of a Bahamian-domiciled mutual fund on Monday, explaining that it would provide qualifying Bahamian investors with the option to share in the outcome of the project to explore for hydrocarbons in the Bahamas, should they so wish.
FTSE 250 movers: Pagegroup hit by downgrade; Wood Group rallies
London’s FTSE 250 was down 1. 1% at 21,749. 30 in afternoon trade on Monday, with sentiment undermined by escalating geopolitical tensions following the US assassination last week of Iran’s top general.
Adriatic Metals makes new management appointments
Adriatic Metals announced two appointments to its senior management team on Monday, with the first being Geoff Eyre to the post of chief financial officer.
Avesoro Resources to de-list following compulsory acquisition
Avesoro Resources announced on Monday that its controlling shareholder, Avesoro Jersey (AJL), has completed the compulsory acquisition of all remaining common shares of the company not already owned by AJL following its previously-announced successful takeover bid.
Boku finalises consideration for Danal acquisition
Mobile carrier commerce company Boku announced on Monday that 2,724,499 common shares have been issued to Danal shareholders, following the release of the common shares that were subject to holdback for 12 months following its acquisition of Danal on January 2019, as Boku had not filed any claims for indemnification.
LSE says it wasn't hit by cyber attack
The London Stock Exchange insisted on Monday that it was not the victim of a cyber attack last summer.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.