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Playtech closes Snaitech betting shops in Italy amid Covid-19 spread
Playtech has closed all of its Snaitech retail shops in Italy as the government looks to contain the coronavirus spread.
Tuesday preview: China CPI, Standard Life Aberdeen in focus
The focus on Tuesday will shift back to Asia, as China's national bureau of statistics releases consumer and factory gate price data for February.
Europe close: Stocks endure heavy selling as crude oil prices crash
Stocks on the Continent were slammed at the start of the week as crude oil prices crashed after Saudi Arabia kicked-off a price war in response to Russia's decision not to support further oil output with a wave of selling ensuing across markets and sectors.
Broker tips: LSE Group, Admiral, Anglo American
Citi analysts stood by their 'buy' recommendation for shares of the London Stock Exchange Group, telling clients they still believed that exchanges should be more protected from earnings downgrades than other financials.
London close: Analysts remain wary despite selloff in stocks
London stocks finished sharply lower as a crash in oil prices sent markets reeling, despite which many analysts warned clients to avoid trying to catch the proverbial knife.
Citi stays at 'buy' on LSE Group, expects strength at LCH unit
Citi analysts stood by their 'buy' recommendation for shares of the London Stock Exchange Group, telling clients they still believed that exchanges should be more protected from earnings downgrades than other financials.
JP Morgan upgrades Direct Line Group and Admiral
Analysts at JP Morgan upgraded their recommendations for UK auto insurers Admiral and Direct Line in anticipation of continued discipline on the part of both firms on margins.
Ex-BoE's King warns against rate cuts to fend off coronavirus
A former Governor of the Bank of England cautioned economic authorities against simply resorting to blunt tools such as interest rate cuts and more government spending to protect the economy from the hit to activity levels from the coronavirus.
US open: Investors on edge as S&P 500 nears 'bear market' territory
Stocks on Wall Street are attempting to climb back from one of their worst intra-session drops on record even as investors assess the fallout from the break-up of the production alliance between Russia and the Organisation of Petroleum Exporting Countries.
RedT gets go-ahead for Energy Superhub Oxford project
Energy storage technology company RedT Energy has received a provisional notice to proceed from Pivot Power, an EDF Renewables company, over the Energy Superhub Oxford Project, it announced on Monday.
Marlowe acquires Managed Occupational Health in £3m deal
Specialist services group Marlowe has acquired Managed Occupational Health (MOH) for an enterprise value of up to £3m, it announced on Monday.
Abcam 'uncertain' about coronavirus impact as China returns to work
Life science research tools company Abcam reported a 10. 8% increase in total revenue increased 10. 8% on a reported basis and 8. 3% on a constant exchange rate basis in its interim results on Monday, to £138. 2m.
FTSE 100 movers: BP, Shell tumble in a sea of red
It was a sea of red in London’s equity markets on Monday, with the FTSE 100 down 6. 7% at 6,030. 53 in afternoon trade, on course for its worst daily drop since the financial crisis of 2008 as oil prices crashed.
AFC Energy appoints Tom Pollard as EV sales manager
Hydrogen power generation company AFC Energy has appointed Tom Pollard as its national electric vehicle sales manager, it announced on Monday, effective immediately.
FirstGroup shareholder Coast Capital urges demerger of NA businesses
FirstGroup shareholder Coast Capital said on Monday that it was planning to requisition an extraordinary general meeting to seek the demerger of the company’s North American businesses.
RBC Capital downgrades Anglo American to 'outperform'
RBC Capital Markets downgraded its stance on shares of Anglo American to ‘outperform’ from ‘top pick’ on Monday as it argued that the acquisition of Sirius Minerals and the temporary shutdown of a platinum metals group converter will dent cash flow.
Berenberg cuts European growth forecasts on coronavirus headwinds
Berenberg has cut its economic growth forecasts across Europe, warning that the world faced “serious downside risks” from the coronavirus outbreak.
FTSE 250 movers: Energy shares tumble amid oil price crash
London’s FTSE 250 was down a whopping 6% at 17,628. 12 in afternoon trade on Monday, with energy shares pacing the decline as oil prices crashed.
Twitter strikes $1bn ceasefire with activist investor Elliot
Silver Lake is to invest $1bn in Twitter, in a deal that gives the private equity firm and Elliot Management seats on the board and looks to draw a line under recent hostilities between the US microblogging giant and the New York hedge fund.
Bank of England stands ready to act to protect financial stability, No.10 says
Policymakers at the Bank of England in the UK have told the Prime Minister that they stand ready to act.
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