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19 Oct
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Sector movers: Oil equipment, lenders shares pace gains

The more cyclicals areas of the stockmarket were sought out on Monday following reports at the weekend that appeared to point to an increased likelihood of an agreement in the US Congress on a new fiscal stimulus package.

19 Oct
wall street
US close: Stocks slide as stimulus talks remain in focus

Wall Street stocks closed sharply lower on Monday as a continued rise in the number of new Covid-19 cases and stalled stimulus talks remained in focus.

19 Oct
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London close: Stocks mixed as sterling gains ground

London stocks were mixed at the close on Monday as the pound gained ground, with investors weighing up encouraging data out of China and the prospect of further US stimulus.

19 Oct
intercontinental hotels group, ihg, leisure, holiday inn
Broker tips: IHG, Ashmore, Trainline, IWG

Peel Hunt has cut both earnings forecasts and its rating on InterContinental Hotels Group, as the Covid-19 pandemic continues to undermine the international hospitality sector.

19 Oct
Bellway, construction
Tuesday preview: US fiscal stimulus talks, Bellway in focus

Financial markets' focus at the start of the week will be on Capitol Hill and whether lawmakers from both sides of aisle can come together to agree on a new fiscal stimulus package.

19 Oct
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Director dealings: Mind Gym executives up stakes

Mind Gym revealed on Monday that chairperson Joanne Cash, chief executive Octavius Black and director Sebastien Bailey had all significantly upped their stakes in the AIM-listed firm.

19 Oct
oilfield
Nostra Terra upbeat on progress at Pine Mills

Oil and gas exploration and production company Nostra Terra announced on Monday that Cypress Minerals has begun construction of the drilling pad in preparation to drill the new well at its Pine Mills oilfield.

19 Oct
regus, office, iwg
FTSE 250 movers: IWG boosted by upgrade, leisure stocks up

London’s FTSE 250 was up 0. 3% at 17,879. 75 in afternoon trade on Monday.

19 Oct
land securities, bluewater
FTSE 100 movers: Landsec rises; St James's Place hit by downgrade

London’s FTSE 100 was down 0. 4% at 5,899. 10 in afternoon trade on Monday.

19 Oct
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Mercia Asset Management sells stake in Clear Review

Regionally-focussed specialist asset manager Mercia Asset Management announced the profitable sale of Clear Review for cash of up to £26m on Monday.

19 Oct
wall street
US open: Stocks record early losses as stimulus talks remain in focus

Wall Street stocks were lower after the bell on Monday as a continued rise in the number of new Covid-19 cases and stalled stimulus talks remained in focus.

19 Oct
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US homebuilding activity picks up further in October, NAHB says

A closely-followed gauge of activity in US homebuilding continued to rise in October.

19 Oct
ep hotel intercontinental
Monday broker round-up

Intercontinental Hotels Group: Peel Hunt downgrades to hold with a target price of 4,300p.

19 Oct
ep ihg
Peel Hunt cuts earnings forecasts for IHG as 'tough winter' nears

Peel Hunt has cut both earnings forecasts and its rating on InterContinental Hotels Group, as the Covid-19 pandemic continues to undermine the international hospitality sector.

19 Oct
coins currency investment insurance business finance company
Covid-19 sees Orchard Funding cancel banking licence application

Insurance premium and professions funding specialist Orchard Funding Group announced it was cancelling its application for a banking licence on Monday.

19 Oct
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Canaccord Genuity nudges up price target on Ashmore

Analyst at Canaccord Genuity slightly raised their target price on investment management firm Ashmore Group from 243. 0p to 430. 0p on Monday after the company's recent trading update indicated a "continued slowdown" of net outflows.

19 Oct
ep instalacion de conocophillips
ConocoPhillips to buy Concho Resources in $9.7bn all-share deal

ConocoPhillips has agreed to buy exploration and production company Concho Resources in all-share deal valued at $9. 7bn.

19 Oct
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Craneware sees 'strong sales' return in Q1

Healthcare software firm Craneware has seen a return to "strong sales" in the three months ended 30 September, ahead of prior year figures and in line with expectations.

19 Oct
alibaba-remanie-sa-direction-et-reorganise-ses-activites
Alibaba takes control of Sun Art in $3.6bn deal

E-commerce giant Alibaba Group has taken a majority stake in Chinese hypermarket chain Sun Art Retail Group in a $3. 6bn deal.

19 Oct
land securities, st paul's, london
Landsec unveils new growth strategy

Land Securities is to refocus on cities and mixed-use developments as it exits subscale sectors such as hotels and retail parks, the blue chip property firm said 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.