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Oil stocks slide as Saudi Arabia cuts crude prices
Oil stocks were hit as major producer Saudi Arabia cut prices across the board, sending benchmark crude sharply lower on Monday.
FTSE 250 movers: Drax powers ahead but oil producers slide on Saudi cuts
FTSE 250: 19,335. 34 +0. 65% .
Lululemon lifts estimates after strong Christmas sales
Lululemon Athletica on Monday raised fourth quarter sales and profit forecasts on strong sales for the Canadian apparel maker during the Christmas period.
Europe midday: Losses extend as EZ retail sales fall
European shares extended losses at the end of the morning session after eurozone retail sales fell and investors fretted about the Israel-Hamas war escalating into a wider conflict.
Europe open: Shares lower with eyes on US CPI; MEast worries still weigh
European shares continued their downbeat start to 2024 as investors fretted about the Israel-Hamas war escalating into a wider conflict and also looked ahead to key US inflation data later in the week.
EU gives Kretinsky consortium green light for Casino takeover
The European Commission has given the go-ahead for a consortium led by Czech billionaire Daniel Kretinsky to take control of debt-laden retailer Casino as part of its restructuring, the company said on Monday.
LondonMetric buys warehouse for £21.2m for let to Next
LondonMetric Property said it had bought a warehouse in Doncaster for £21. 2m which will be let to fashion retailer Next for 13 years.