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02 Dec
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Wednesday preview: US ADP payrolls report in focus

The market spotlight will shift towards the other side of the Pacific on Wednesday, as consultancy ADP publishes its private sector payrolls survey for November.

01 Dec
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US close: S&P 500, Nasdaq Composite end session at record highs

Wall Street stocks closed at fresh records on the first day of trading for December as last month's historic rally spilt over into the new one.

01 Dec
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Europe close: Cyclicals jump at the start of the month, miners and banks in focus

European shares moved into the final stretch of the year with solid gains, driven by optimism over a coronavirus vaccine and positive data out of China.

01 Dec
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Sector movers: Lenders start December on front foot, Citi and Goldman upbeat

Financials paced gains in the first trading session of December with lenders' shares faring best as analysts weighed in with further positive views on the outlook for the sector.

01 Dec
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London close: Stocks claw back losses to finish in the green

London stocks closed in positive territory on Tuesday, with sentiment underpinned by vaccine hopes and solid UK and China manufacturing data.

01 Dec
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Director dealings: Unite chairman-designate makes share purchase

Unite Group revealed on Tuesday that chairman-designate Richard Huntingford had acquired 10,000 ordinary shares in the FTSE 250-listed student accommodation provider.

01 Dec
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Broker tips: AA, Royal Mail, United Utilities

Jefferies upped its rating on AA shares to ‘hold’ from ‘underperform’ on Tuesday as it hiked its price target to 35. 0p from 5. 0p based on the 35. 0p a share cash offer from a consortium of TowerBrook Capital Partners and Warburg Pincus.

01 Dec
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Asimilar Group raises stake in Dev Clever

Technology-focussed investment company Asimilar Group updated the market on its investment in Dev Clever on Tuesday.

01 Dec
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Bayer raises $1.6bn in sale of Elanco stake

Bayer AG raised $1. 6bn on Monday after it sold most of its stake in Elanco Animal Health in an attempt to cover legal bills over the weedkiller Roundup.

01 Dec
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FTSE 250 movers: Gold miners rise; AO World falls

London’s FTSE 250 was up 2% at 19,716. 24 in afternoon trade on Tuesday.

01 Dec
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Echo Energy restructures debt, raises £0.7m

Latin America-focussed upstream oil and gas company Echo Energy updated the market on operations from its 70% non-operated working interest in the Santa Cruz Sur assets, onshore Argentina on Tuesday, and announced a further restructuring of its corporate debt as well as a £0. 7m fundraise.

01 Dec
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San Leon upbeat on Barryroe farm-out

San Leon Energy updated the market on the Barryroe oil and gas field on Tuesday, confirming that Providence Resources had entered into a farm-out agreement for the licence covering Barryroe.

01 Dec
wall street
US open: Stocks reverse yesterday's losses at the bell

Wall Street stocks opened higher on the first day of trading for December as last month's historic rally spilt over into the new one.

01 Dec
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Tuesday broker round-up

Diageo: Deutsche Bank upgrades to buy with a target price of 3,900p.

01 Dec
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FTSE 100 movers: Precious metals miners shine; Hikma loses ground

London’s FTSE 100 was up 1. 8% at 6,379. 45 in afternoon trade on Tuesday.

01 Dec
royal mail, post
Liberum ups rating, price target on Royal Mail

Liberum has upped its rating on Royal Mail, but warned that execution risks remained "substantial" for the UK postal operator.

01 Dec
topps
Topps Tiles swings to a loss, remains confident for current year

Topps Tiles has tumbled into the red, after the Covid-19 pandemic temporarily closed the tile specialist's retail stores.

01 Dec
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Jefferies upgrades AA after takeover offer

Jefferies upped its rating on AA shares to ‘hold’ from ‘underperform’ on Tuesday as it hiked its price target to 35p form 5p based on the 35p a share cash offer from a consortium of TowerBrook Capital Partners and Warburg Pincus.

01 Dec
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Scotgold pours first gold at Cononish

Scotland-focussed exploration and production company Scotgold Resources announced on Tuesday that first gold had been poured at its “high-grade, low-cost” Cononish gold and silver mine in the Scottish Grampian Mountains area.

01 Dec
edgar test 10
Oracle Power and Emirati sheikh choose not to pursue Guinea project

Natural resource and power project developer Oracle Power announced on Tuesday that, further to its announcement on 29 July, both its board and the Office of His Highness Sheikh Ahmed Dalmook Al Maktoum were working “closely” on the evaluation of potential mining opportunities in Africa.

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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.