Morgan Stanley raises PT on PayPal (PYPL.O) to $45.00 from $34.00.

Ofgem has proposed rules requiring data centre projects to post substantial upfront fees or financial guarantees — for example letters of credit, performance bonds or cash deposits — and to meet tighter project milestones to prevent speculative projects from long-term occupation of grid connection queues. The regulator will publish a consultation on Wednesday setting out fee calculation, how the National Grid ESO would hold and manage the funds, and the circumstances in which projects could lose queue priority and forfeit paid fees or guarantees.

Iraq's Prime Minister's Office said only the government has authority to respond to attacks on Iraqi territory.