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Tuesday preview: Euro area services, BP in the spotlight
Financial markets' focus on Tuesday will be on euro area factory sector activity.
Europe close: Stocks get off to a positive start in the third quarter
European shares started the third quarter off on the front foot with investors eyeing central bank policy decisions around the world scheduled for later in the week.
London close: Stocks finish positive as BT paces gains
London stocks managed a positive finish on Monday as investors digested the latest reading on the UK manufacturing sector, with BT higher after confirming it had hit its cost savings target early.
Broker tips: Lloyds Banking Group, Natwest, Hikma Pharmaceuticals
Analysts at RBC Capital Markets raised their target price on retail bank Lloyds Banking Group from 51. 0p to 54. 0p on Monday. Following the company's third-quarter results.
Director dealings: Schroder Asia Pacific director raises stake
Schroder Asia Pacific Fund said on Monday that director James Williams had acquired 5,000 ordinary shares in the FTSE 250-listed investment trust.
FTSE 250 movers: Hochschild shines; housebuilders retreat
London’s FTSE 250 was up 0. 6% at 23,249. 55 in afternoon trade on Monday.
Citi sees room for upside surprise on sales at Hikma Pharmaceuticals
Analysts at Citi reiterated their 'buy' stance for shares of Hikma Pharmaceuticals ahead of the company's trading statement due out later in the same week.
Nanosynth agrees to return control of Cloudveil to founder
Nanosynth announced on Monday that it has agreed to return control of its wholly-owned subsidiary Cloudveil to the subsidiary’s founder, Antony Hugo Gillum-Webb, by transferring its shares in Cloudveil for “nominal consideration”, effective immediately.
Shoe Zone hikes profit expectations after even better trading
Shoe Zone announced on Monday that, further to its full-year trading update on 13 October, reported profit before tax was now expected to be in the range of £9m to £10m for the 52 weeks ended 2 October.
US manufacturing struggling against supply-chain headwinds in October
US manufacturing sector activity continued to grow at a brisk pace last month, the results of a closely-followed survey revealed.
Challenger Energy looking ahead after 'difficult year'
Challenger Energy Group reported net petroleum revenue of $2. 31m in its interim results on Monday, up from $1. 42m for the full 2020 financial year.
Ixico tapped for another phase-3 clinical trial
Artificial intelligence (AI) data analytics company Ixico has been selected by its largest pharmaceutical client to provide neuroimaging services for a new phase 3 clinical trial focussed on a demyelinating disorder, it announced on Monday.
US open: Stocks trade higher after manufacturing PMIs
Wall Street stocks were mostly higher early on Monday as a week headlined by corporate earnings and the Federal Reserve's two-day policy meeting started off with both the ISM and IHS Markit's manufaturing PMIs.
Sunak faces 'wild ride' to hit debt reduction forecasts - OBR
UK Finance Minister Rishi Sunak faces a “wild ride” in order to cut his deficit under new rules announced at the budget, according to the government’s Office for Budget Responsibility (OBR).
UK retailers report half term boost as footfall jumps
Retail footfall jumped last week, industry data showed on Monday, as UK shoppers made the most of the half term school holiday.
FTSE 100 movers: BT rallies on cost-savings news; housebuilders fall
London’s FTSE 100 was up 0. 7% at 7,289. 49 in afternoon trade on Monday.
US pre-open: Futures in the green following last week's record closes
Wall Street futures were pointing to early gains ahead of the bell on Monday as market participants prepped for a week headlined by corporate earnings and the Federal Reserve's two-day policy meeting.
Bank of America revises near-term oil price forecasts higher
Bank of America's US oil equity analysts have revised their near-term crude oil price forecasts higher and believe that there is a case to be made that oil could trade in a $70-100 a barrel range for an extended period.
Barclays' Staley to step down after Epstein probe
Barclays chief executive Jes Staley is standing down with immediate effect after a probe by UK financial regulators into his links with convicted sex offender Jeffrey Epstein.
Darktrace shares continue to fall sharply
Shares in cybersecurity firm Darktrace fell heavily on Monday, compounding last week’s sell off, as the end of an investor lock-up period approached.
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