Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
It’s been a fairly quiet day today, although, European stocks managed to stage a turnaround after opening lower.
Tesla has begun delivering its first Shanghai made Model Y crossovers according to state-run Xinhua News Agency.
The EU will seek an extension to the deadline which the free trade agreement with the UK must be ratified according to RTE News.
A tweet from RTE reporter Tony Connelly said EU member states want to extend the deadline from the end of February to some time in April.
The EU will seek an extension to the deadline by which the free trade agreement with the UK must be ratified, @rtenews has learned.
Two sources have said member states want to extend the deadline from the end of Feb to some time in April.
— Tony Connelly (@tconnellyRTE) January 18, 2021
CPP Group (LON: CPP) shares are up 55.26% at 510p so far today after the company provided an update on trading for the year ended 31 December 2020.
The multinational product and services firm that specialises in financial services and insurance markets said it has continued to win new business and build its pipeline in H2 2020.
Its recovery in India, while its performance in the UK and EU has been steady, alongside a resilient performance in its Turkish operations.
CPP said it expects revenue for the year to 31 December 2020 to be around £140 million compared to the current market consensus of £133 million. It also expects to report EBITDA in the range of £7.1 million to £7.3 million, which is more than 10% ahead of the market consensus of £6.4 million.
Shares of Faron Pharmaceuticals (LON: FARN) are gaining on Monday after the company said the US Department of Defense (DoD) has selected the HIBISCUS Study to receive $6.1 million of funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
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