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02 Mar
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US close: Stocks close sharply higher as investors look to the Fed

US stocks recorded some solid gains on Monday as major indices attempted to reclaim some of their recent losses, with expectations that the Federal Reserve will again cut rates driving the rally.

02 Mar
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British Airways, Ryanair cancel flights due to coronavirus

British Airways and Ryanair have cancelled hundreds of flights as the coronavirus outbreak dents demand.

02 Mar
NMC hires Moelis, calls for standstill on loans

NMC Health said it had has hired investment bank Moelis to advise on a debt restructuring and asked lenders for an informal “standstill” to stabilise the troubled company's finances.

02 Mar
Europe close: Stocks end on mixed note

Stocks on the Continent finished a roller-coaster day of trading on a mixed note with shares buffeted by news of the continued spread of the coronavirus offset by signals from economic officials around the world that they stand ready to act.

02 Mar
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Europe midday: Travel & Leisure stocks pace losses in roller-coaster trading

Stocks on the Continent are trading mostly higher in a roller-coaster day of trading with shares buffeted by news of the continued spread of the coronavirus offset by signals from economic officials around the world that they stand ready to act.

02 Mar
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London close: Stocks bounce after roller coaster session of trading

Investors endured a roller coaster-like trading session on Monday, although London's top-flight index did manage to start the month of March with a small bounce, as hopes of central bank stimulus helped to offset ongoing concerns about the impact of the coronavirus.

02 Mar
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Director dealings: Shaftesbury chairman ups stake

Shaftesbury revealed on Monday that chairman Jonathan Nicholls had purchased 15,000 ordinary shares in the FTSE 250-listed real estate investment trust.

02 Mar
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Philip Morris CFO stands down to head up US division

Global tobacco giant Philip Morris revealed on Monday that chief financial officer Martin King will step down from the role in order to head up its newly created American division.

02 Mar
UK reveals US trade deal would boost GDP by 0.16% in best case

The UK outlined negotiating objectives for trade talks with the US on Monday as its own analysis revealed the economy would grow at best by 0. 16% more than a decade after any deal was implemented.

02 Mar
On The Beach UK travel company holiday
Broker tips: On the Beach, Vistry Group, IAG

House broker Peel Hunt cut the price target on shares of On The Beach on Monday to 400p from 550p following the company’s profit warning at the end of last week.

02 Mar
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EU to hold emergency meeting to discuss risk of new refugee crisis

The European Union called an emergency meeting of foreign ministers as the Turkey - Syria conflict heightened the risk of a new refugee crisis.

02 Mar
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Berenberg lowers target price on IAG as coronavirus hits Europe

Analysts at Berenberg lowered their target price on shares of British Airways parent company International Consolidated Airlines Group from 700. 0p to 620. 0p on Monday, citing concerns surrounding the Wuhan coronavirus outbreak.

02 Mar
wall street
US open: Stocks attempt to claw back losses at the bell

US stocks opened higher on Monday, with the Dow Jones and S&P 500 attempting to claw back from their recent heavy losses.

02 Mar
oilfield
Tower Resources agrees Thali farm-out with OilLR

Africa-focussed oil and gas company Tower Resources has executed binding heads of terms over a farm-out to OilLR of a 24. 5% working interest in its Thali production sharing contract in Cameroon, it announced on Monday.

02 Mar
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Tekcapital investee to launch low-sodium crisps in North America

Intellectual property investment company Tekcapital announced on Monday that its portfolio company Salarius has signed an agreement with an unnamed natural foods distributor, to launch North American sales of its new ‘SaltMe!’ full flavour-low sodium snack line.

02 Mar
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Macro factors drive growth at MTI Wireless Edge

Radio frequency and communications technology company MTI Wireless Edge reported “solid” revenue growth in its final results on Monday, rising 13% to $40m.

02 Mar
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Canaccord Genuity lowers price target on Vistry Group despite 'good progress'

Analysts at Canaccord Genuity slightly lowered their target price on British housebuilder Vistry Group from 1,560. 0p to 1,530. 0p on Monday but said the firm's recent results were "testament to the good progress" it had made in re-positioning and turning around Bovis Homes over the last few years.

02 Mar
lithium carbonate
Bacanora Lithium making progress towards Sonora funding

Lithium exploration and development company Bacanora Lithium reported “significant progress” in securing a funding package for its flagship Sonora Lithium Project in Mexico, in its final results on Monday.

02 Mar
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Coronavirus wreaks havoc among electronics firms in February ISM says

Factory sector activity in the States slipped last month as the Chinese coronavirus left its mark on businesses, wreaking havoc among electronics firms and triggering layoffs among makers of transportation equipment.

02 Mar
oilfield
Zenith Energy to acquire working interest in Tunisia asset

Oil and gas production company Zenith Energy has signed an exclusivity agreement to acquire an operated working interest in an onshore oil production asset in Tunisia, it announced on Monday.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles 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.

The value of investments can fall and you may get back less than you invested.