UK retail sales growth slowed last month, industry data showed on Tuesday, as the festive boost faded.
London stocks were knocked lower on Monday by the prospect of further rates hikes from the Federal Reserve and as Sino-US tensions dented sentiment.
European shares were mostly lower at the start of the week after the previous Friday's US payrolls data sparked worries about a longer timetable for interest rate rises, while tensions between Washington and Beijing were heightened after a Chinese surveillance balloon was shot down in American airspace.
Analysts at Berenberg raised their target price on lender Virgin Money UK from 170. 0p to 195. 0p on Monday but cautioned that "relative challenges" may worsen.
Cambridge Cognition revealed on Monday that chief executive Matthew Stork had acquired 13,500 ordinary shares in the AIM-listed technology company.
The market spotlight on Tuesday was expected to be firmly on an interview of Federal Reserve chairman, Jerome Powell, and what insights he might provide on the future path of monetary policy, especially following the surge in non-farm payrolls reported just four days before.
London’s FTSE 100 was down 0. 9% at 7,830. 10 in afternoon trade on Monday.
Clothing retailer M&Co will close all 170 of its stores after falling into administration back in December, resulting in the loss of as many as 1,900 jobs.
FTSE 250 (MCX) 20,371 -1. 08% at 1515 GMT.
Wall Street stocks were in the red early on Monday as traders prepped for another week jam-packed with earnings and comments from Federal Reserve chairman Jerome Powell.
Liberum downgraded Taylor Wimpey on Monday as it took a look at the UK housebuilding sector.
Meal kit delivery service Gousto has reportedly cut its valuation after raising tens of millions of pounds in additional funding to help see it through a volatile economic period.
Analysts at Canaccord Genuity raised their target price on online holiday retailer On the Beach from 193. 0p to 248. 0p on Monday, stating the group's move to premium offerings was starting to "pay off".
Britain's Premier League has charged Manchester City Football Club with more than 100 breaches of its financial rules after a four-year investigation.
European shares extended losses on Monday after Friday's US payrolls data sparked worries about a longer timetable for interest rate rises, while tensions between Washington and Beijing were heightened after a Chinese surveillance balloon was shot down in American airspace.
Barclays downgraded Virgin Money on Monday to ‘equalweight’ from ‘overweight’ following a strong share price performance over the last six months.
The Rothschild family is planning on taking its Paris-listed investment bank Rothschild & Co private, it emerged on Monday.
Wall Street futures were in the red ahead of the open on Monday as traders prepped for another week jam-packed with earnings and comments from Federal Reserve chairman Jerome Powell.
US life sciences company Danaher Corp. has reportedly expressed takeover interest in contract manufacturer Catalent.
Germany’s BMW is reportedly in talks with the British government about a £75m grant, which would secure production of electric Minis in the UK.
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