Canaccord trims Vaalco target price as investment programme delays cash flow uplift
Canaccord Genuity cut its target price on Vaalco Energy to 765p from 800p on Monday, reflecting updated production guidance and a more cautious long-term outlook for the group's Etame asset in Gabon.
Kainos shares sink despite strong first half, guidance hold
Shares in Kainos fell sharply on Monday despite the IT group delivering a strong first half, with adjusted pre-tax profit rising 30% to £41. 7m on revenue growth of 37% to £268. 8m.
US wholesale inventories and sales increase in September
US wholesale sales and inventories both increased in September, according to the Census Bureau, with sales growth comfortably outpacing stock building.
Deutsche Bank lifts AB Foods price target after results, maintains ‘hold’
Deutsche Bank lifted its price target on Associated British Foods on Monday to 1,820p from 1,790p following the Primark owner’s full-year results last week.
US open: Dow jumps 700 points as markets gear up for CPI, AI earnings
Major indices were firmly in the green early on Monday as investors looked ahead to a busy week for markets, with key inflation data and earnings from several major AI-linked companies due in the coming days.
Nordea fined £17m by Danish court for historic money laundering failures
Nordea Bank has been fined by a Copenhagen court for failing to comply with Denmark’s anti-money laundering controls between 2012 and 2015, it was confirmed on Monday.
Director dealings: Ecora CEO makes share purchase
Ecora Royalties revealed on Monday that chief executive Marc Lafleche had acquired 18,000 ordinary shares in the London-listed natural resources royalty and streaming company.
FTSE 100 movers: Miners gain in tandem with metals prices; energy shares slump
London’s FTSE 100 was 0. 6% firmer at 10,736. 91 in afternoon trade on Monday.
Hannover Re profits rise as reinsurer backs full-year guidance
German reinsurer Hannover Re reported a 7% increase in profits over the first three quarters on Monday, supported by an improved underwriting performance and higher investment income, as it reaffirmed its full-year earnings guidance.
Third-quarter earnings beat forecasts at KKR
Private equity giant KKR posted a surge in quarterly earnings on Monday, as assets under management topped $800bn.
Berenberg upgrades Auto Trader to 'buy', raises target price
Berenberg upgraded Auto Trader to 'buy' from 'hold' on Monday and raised its target price on the stock to 650p from 510p, arguing that concerns surrounding the company's troubled Deal Builder rollout were now largely behind it and that the outlook has improved materially.
Mkango advances Texas facility as company awaits fundraising
Mkango Magnetic Materials announced further progress at its rare earth magnet recycling facility in Texas on Monday, following the delivery of its first major processing equipment, though trading in the company's shares was temporarily suspended amid plans for a fundraising.
US pre-open: Futures advance as markets look ahead to CPI reading, AI earnings
Wall Street futures were in the green ahead of the open on Monday as investors looked ahead to a busy week for markets, with key inflation data and earnings from several major AI-linked companies due in the coming days.
Europe open: Stoxx up with Nvidia scandal in focus; BPM shares surge
European shares were higher at the open, with all eyes on an alleged honeytrap scandal involving Nvidia boss Jensen Huang.
Europe midday: Shares extend gains as bank shares lift sentiment; Eyes on Nvidia
European shares extended gains on Monday, lifted by the bank sector as Crédit Agricole proposed a merger between its Italian banking operations and part-owned Banco BPM, while all eyes were on an alleged honeytrap scandal involving Nvidia boss Jensen Huang.
London midday: Miners pace the advance as FTSE extends gains; Nvidia in focus
London stocks had extended gains by midday on Monday, with miners pacing the advance, as oil prices eased and as investors mulled news over the weekend that US chip giant Nvidia is facing an alleged spying scandal.
RUA Life Sciences shares slump as French arm underperforms
Shares in AIM-listed RUA Life Sciences tumbled on Monday after the medical devices group reported weaker-than-expected trading at its French subsidiary Abiss, despite forecasting higher annual revenues and a return to profitability.
Nvidia launches probe after CEO has affair with suspected Chinese spy
Chip giant Nvidia has launched an investigation after founder Jensen Huang admitted having an affair with a woman suspected of spying for China.
Thames Water asks for more time to repay debts
Thames Water is seeking more time to pay back billions of pounds of debt, the embattled utility confirmed on Monday, as it continues to try and secure a rescue deal.
Asia report: Stocks mixed as tech volatility continues
Asian equity markets finished mixed on Monday, with gains in Japan and losses in South Korea as heavyweight tech stocks diverged amid ongoing volatility across the global AI and semiconductor sectors.