1311 gmt  uk borrowing costs rise as soaring oil prices stoke inflation fears the 10year gilt yield trades almost seven points above fridays close at 1273 according to tradeweb brent crude prices monday shot up above 130 a barrel for the first time since 2008 after the us said on sunday that it is considering an outright ban on russian oil imports together with some european partners the price of the global oil benchmark trades last at 12430 a barrel up more than 5 the london stock exchange said monday that it was reviewing trades made in polymetal international plc shares between 0840 gmt and 0900 gmt and expects to cancel some of the trades executed intermediate capital group plc said late friday that chairman evan mervyn davies had stepped down from the board with immediate effect and that andrew sykes a senior independent director has been appointed interim chairman en group international pjsc said monday that it is reviewing its strategy in relation to its listed subsidiary uc rusal plc a manufacturer of lowcarbon aluminum spectris plc said monday that it has terminated discussions for the takeover of oxford instruments plc due to the russiaukraine crisis sheikh holdings group investments ltd said monday that it is considering a possible offer for socialcare and educationservices provider caretech holdings plc cindrigo holdings ltd said monday that it has suspended its wastetoenergy project in kyiv because of the russiaukraine crisis clarkson plc reported on monday a significant rise in pretax profit for 2021 and said it closed the year with a recordhigh set of results nightcap to stop sale of russian vodka across all venues nightcap plc said monday that it is removing russian vodka from sale across all of its venues mti wireless edge ltd said monday that 2021 pretax profit slipped marginally after it booked higher sales costs and that the first two months of 2022 have started well various eateries 2021 pretax loss narrowed on easing of covid19 curbs various eateries plc on monday reported a significantly narrowed pretax loss for 2021 amid the easing of covid19 restrictions and said it is confident it will achieve another year of strong and sustainable progress shares in 600 group plc rose monday after the company said it has entered into a conditional sale and purchase agreement with timesavers acquisition llc for the disposal of its machine tool solutions division for a total cash consideration of 21 million coro energy to keep italian portfolio on rising gas prices coro energy plc said monday that it has decided not to sell its italian portfolio as it expects to benefit from a more than 5 millioneuro 55 million rise in annual free cash flow once sillaro is brought back into production cloudcoco group plc said monday that its fiscal 2021 pretax loss narrowed as revenue rose and that it had a strong start to the new fiscal year okyo pharma files for us ipo of american depositary shares okyo pharma corp said monday that it has filed a registration statement with the us securities and exchange commission for an initial public offering of its american depositary shares cppgroup plc said monday that it has named david bowling as chief financial officer with immediate effect transglobe energy corp said monday that its oil reserves and expected future revenue rose in 2021 the competition and markets authority said monday that it has accepted undertakings in the acquisition by pennon group plc of bristol water holdings uk ltd and wont refer the merger to a phase 2 investigation 1252 gmt  carlsberg and cocacola hbc shares could fall further in the face of the conflict in ukraine says citigroup cutting its recommendations on the two drinks groups to neutral from buy while drink and tobacco stocks are among some of those most exposed to markets in ukraine russia and belarus carlsberg and cch are especially susceptible and their share prices unsurprisingly have been very weak citi says the question were being asked most is are a lot of these impacts now being discounted citi analysts say we conclude the risks for both stocks may still be skewing to the downside downgrade our ratings on both names to neutral and prefer royal unibrew and heineken in beer clarkson is seen in strong position following 2021 earnings 1224 gmt  clarksons set of results for 2021 was strong boosted by the performance of its broking and financial segments shore capital says the ukbased provider of shipping services is benefiting from increasing demand for vessels driven by the green transition and a recovery in the global economy shore says the uk investment group also notes the companys increased dividend for the nineteenth consecutive year continuing its progressive dividend policy to reflect the cashgenerative nature of the business the strong balance sheet and record forward order book shares are up 64 at 3315 pence 1219 gmt  touchstone explorations reserve upgrades and operations at its sites in trinidad  tobago are promising shore capital says the oilandgas company confirmed it was proceeding with the final step to bring the coho gas field online commercially in may shore says meanwhile ahead of estimated completion in september 2022 operations at the cascadura exploration prospect also remain on track the uk investment group says given the very strong oil prices which currently prevail and assuming the delivery of commercial production from coho and cascadura in line with the currently guided timetable we therefore see scope for upgrades shore says taylor wimpey looks set to benefit from solid uk market 1215 gmt  taylor wimpey is well placed to benefit from continuing strength in the uk housing market peel hunt says upgrading the house builder to buy from add results for the year to december matched expectations the market outlook is very positive and the group is well placed to drive volume growth in 2023 and beyond the brokerage says alongside margin expansion this should drive earnings per share forward peel hunt says the shares are undervalued given the fundamentals our price target falls from 195p to 180p due to additional tax charges but we upgrade from add to buy given the recent shareprice weakness shares fall 36 to 128 pence 1143 gmt  unicredits research team has downgraded its recommendation on bonds of companies operating in the automobiles  parts sector to marketweight from overweight due to their exposure to russia analysts at the italian bank advise clients to hold those bonds at a similar proportion to the benchmark they track given the sectors supplychain links to russia the team however reiterates its overweight recommendation on oil  gas basic resources and health care bonds and remains underweight on utilities chemicals travel  leisure and retail bae systems is set to benefit from change in sentiment toward defense sector 1131 gmt  bae systems can benefit from the shift in sentiment toward the defense sector as the russian invasion of ukraine has improved the outlook for defense budgets globally berenberg says aside from germany deciding to increase its defense spending the us budget is expected to grow 8 in 2023 above the presidents budget proposal for 2022 berenberg says the us is the defenseandaerospace groups largest market this marks a seachange versus prior widespread fears over flat or declining budgets and it bodes well for bae both in terms of driving future earnings growth and a higher rating the bank says berenberg rates at buy and raises the target price to 850 pence from 600 pence shares are up 63 at 73520 pence