Latest News
Monday newspaper round-up: Russian banks, Arm, British visa system
The EU has announced it will ban the Russian state-backed channels RT and Sputnik in an unprecedented move against the Kremlin media machine. The European Commission president, Ursula von der Leyen, said: “Russia Today and Sputnik, as well as their subsidiaries, will no longer be able to spread their lies to justify Putin’s war and to sow division in our union. So we are developing tools to ban their toxic and harmful disinformation in Europe. ” - Guardian.
Tuesday preview: Ukraine-Russia conflict, global PMIs
Financial markets' focus will continue to be on the headlines coming out of Ukraine and any news regarding ceasefire talks between Kiev and Moscow.
US close: Stocks mixed amid heightened Russia-Ukraine tensions
Wall Street stocks turned in a mixed performance on Monday as Russian and Ukraine officials arrived at the border to discuss potentially calling a stop to hostilities between the two sides.
Europe close: Stocks drop but end off lows amid Ukraine-Russia ceasefire talks
European stocks managed to pare initial sharp drops after Western governments imposed massive sanctions on Russia over its invasion of Ukraine, likely helped by news of ceasefire talks between Kiev and Moscow.
Ukrainian and Russian delegations adjourn for consultations, further meeting possible
The first round of talks between Ukraine and Russia adjourned on Monday without an agreement being reached, and with the members of both delegations having returned to their respective capitals for consultations with their governments.
London close: FTSE pares some losses as Russia-Ukraine talks end
London stocks were mixed at the close on Monday, with the top-flight index paring some of its earlier losses, after Western powers imposed tougher sanctions on Russia after the latter put its nuclear forces on “special alert” over the weekend.
Chevron to buy Renewable Energy Group in $3.15bn deal
Chevron has agreed to buy and Renewable Energy Group (REG) in a $3. 15bn deal.
Broker tips: Anglo American, Qinetiq, Kitwave
Analysts at Berenberg hiked their target price on diversified mining outfit Anglo American from 3,600. 0p to 3,800. 0p on Monday, stating the firm has "still got it".
Oxford Instruments confirms takeover approach from Spectris, shares surge
Oxford Instruments surged on Monday after confirming it has received a possible takeover offer from Spectris at 3,100p a share.
FTSE 100 movers: Polymetal tumbles; BAE Systems rallies
London’s FTSE 100 was down 0. 9% at 7,420. 89 in afternoon trade on Monday.
UK ONS to treat England council tax rebate as credit
A one-off £150 cut in English household council tax payments in April will be treated as tax credit rather than a reduction in liabilities, the Office for National Statistics said on Monday.
Director dealings: Howden Joinery executives invest, Anglo Pacific chiefs make sales
Howden Joinery Group disclosed more than £0. 1m of director buys on Monday, made by its chief executive and financial officers.
FTSE 250 movers: Oxford Instruments bid offsets Ukraine worries
The FTSE 250 index was down 0. 20% at 1507 GMT on Monday.
US open: Stocks head south as Russian and Ukrainian officials arrive at border
Wall Street stocks were firmly in the red early on Monday as Russian and Ukraine officials arrived at the border to discuss potentially calling a stop to hostilities between the two sides.
Chicago area factory activity drops by more than expected in February
A gauge of factory activity in the Chicago area retreated last month for the first time since November.
Canaccord Genuity raises target price on Kitwave
Analysts at Canaccord Genuity slightly raised their target price on wholesale Kitwave from 240. 0p to 255. 0p on Monday, stating a "positive start" to the 2022 trading year had driven further upgrades for the stock.
Nostra Terra's latest Texas well exceeds pre-drill estimates
Texas-focussed oil and gas exploration and production company Nostra Terra announced on Monday that the Fouke 2 well at its Pine Mills oil field in the east of the state had now reached total depth.
Oncimmune signs new contract with Alphabet division Verily
Immunodiagnostics company Oncimmune Holdings announced the signing of a new commercial contract with Verily Life Sciences on Monday, a member of Google owner Alphabet’s stable, focusing on the autoantibody profiling of patients who had Covid-19 and gone on to develop long lasting symptoms for more than four weeks, or ‘long Covid’.
Forward Partners reports 'strong' ventures portfolio growth
Early-stage technology investor Forward Partners reported “strong” ventures portfolio growth in a full-year trading update on Monday, reporting that it was expecting growth through to the end of 2021 to be in line with expectations.
Trellus Health launches direct-to-consumer offering in New York area
Connected health platform operator Trellus Health announced the launch of its direct-to-consumer offering in the New York tri-state area on Monday, for people living with Crohn's disease and ulcerative colitis.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news 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.
The value of investments can fall and you may get back less than you invested.