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