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Sector movers: Big pharma, support services pace gains
Big Pharma paced gains in London at the start of the week, led by shares in Dechra Pharmaceuticals after the veterinary drugs maker hiked its dividend payout following what it described as an "encouraging" start to its new financial year.
China accuses US of 'bullying' after reports of sanctions on SMIC
China accused the US government of the “blatant bullying” of Chinese companies following reports that Washington would be imposing sanctions on chipmaker Semiconductor Manufacturing International Corp.
Europe close: Stocks gain despite tensions ahead of key week of Brexit talks
European shares powered ahead at midday as they bounced back from last week’s US tech-stock sell-off and ignored threats the UK would walk away from Brexit trade talks without a deal.
Tuesday preview: Brexit talks, Ashtead in the spotlight
Investors' focus on Tuesday will be firmly on the start of a key week of Brexit talks between Brussels and London that may see the pound fall back significantly.
London close: Stocks rally as pound sinks on Brexit fears
London stocks closed well into positive territory on Monday as sterling slumped amid fears of a no-deal Brexit.
Broker tips: Hargreaves Lansdown, Gulf Keystone Petroleum, Crest Nicholson
Shore Capital raised Hargreaves Lansdown to 'hold' after a fall in the investment platform's share price.
Destiny Pharma enters collaboration deal with SporeGen
Clinical-stage biotechnology company Destiny Pharma has entered into a collaboration agreement with SporeGen, it announced on Monday, which is a UK biotechnology company working on Bacillus and its applications.
Director dealings: Diageo board member makes share sale
Diageo revealed on Monday that company secretary Siobhán Moriarty had disposed of 12,423 shares in the FTSE-100 listed drinks maker.
FTSE 250 movers: FirstGroup surges; Carnival cruises lower
London’s FTSE 250 was up 1. 7% at 17,647. 18 in afternoon trade on Monday.
CMA slaps fines on Amazon over delays in investigation of Deliveroo stake purchase
The UK's competition watchdog has slapped two penalties on US retailing giant Amazon worth a combined £55,000 related to its May 2019 purchase of a minority stake in Deliveroo.
Dunelm could pay special dividend, RBC says
Dunelm could announce a further special dividend in 2021, Royal Bank of Canada said as it raised its price target on the homewares retailer.
FTSE 100 movers: Ashtead rallies ahead of Q1 numbers; banks fall
London’s FTSE 100 was up 2. 4% at 5,939. 27 in afternoon trade on Monday.
CyanConnode gets new smart meter order in India
Narrowband smart mesh networks technology company CyanConnode announced a new order for the Indian state-owned utility Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company (MPWZ) on Monday, for 350,000 ‘Omnimesh’ modules, with the majority of payments secured against a letter of credit.
Shore upgrades Hargreaves Lansdown to 'hold'
Shore Capital raised Hargreaves Lansdown to 'hold' after a fall in the investment platform's share price.
Chinese owner plans Thomas Cook revival
Travel company Thomas Cook could be relaunched in the near future as reports claim its Chinese owner is planning a revival of the name.
Canaccord slightly lowers target price on Tungsten
Analysts at Canaccord Genuity slightly raised their target price on software and services group Tungsten from 70. 0p to 75. 0p on Monday as the firm's transformation continues.
Monday broker round-up
Phoenix Group: JP Morgan downgrades to neutral with a target price of 799. 0p.
Liberum raises Barratt price target but sees tougher times ahead
Barratt Developments faces a more difficult 2022 as unemployment rises, Liberum said as the broker increased its price target for the housebuilder.
Deutsche Bank lifts Crest Nicholson to 'buy'
Deutsche Bank upgraded shares of housebuilder Crest Nicholson on Monday to ‘buy’ from ‘hold’ and lifted the price target to 250p from 202p as it said strong action has been taken to address the cost base and the stock is attractively valued.
Wishbone Gold engages consultants for Queensland exploration
Precious metals exploration and trading company Wishbone Gold said on Monday that specialist mineral exploration consultants Terra Search had now been engaged to fast track the exploration work to prove up the potential of the gold and copper prospects within the mineral exploration tenements at White Mountain and Wishbone II, held by Wishbone in Queensland, Australia.
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