Full List Of Stories
FTSE 100 movers: Housebuilders rally; DS Smith hit by downgrade
London’s FTSE 100 was up 1. 6% at 6,257. 52 in afternoon trade on Monday.
FTSE 250 movers: Housebuilders up; Hochschild Gold loses its shine
London’s FTSE 250 was up 1. 2% at 17,501. 86 in afternoon trade on Monday.
Croda to buy US-based Avanti for up to $260m
Chemicals company Croda International has agreed to buy Avanti, a company specialising in the development and production of high-purity polar lipids used in next-generation drug delivery technology and vaccines, for as much as $260m.
Uber to buy Postmates for $2.65bn
Uber Technologies confirmed on Monday that it has agreed to buy food delivery start-up Postmates for around $2. 65bn in all-share deal.
888 extends iGaming contract with Delaware Lottery
Online gambling company 888 Holdings said on Monday that it has extended its exclusive iGaming contract with the Delaware Lottery for a further two years.
Liberum downgrades Boohoo, slashes price target
Liberum cut its rating on shares of Boohoo to ‘hold’ from ‘buy’ on Monday and slashed the price target to 350p from 500p following weekend press reports about alleged illegal practices at a supplier factory in Leicester.
London midday: Stocks push higher as housebuilders rally
London stocks were firmly in the black by midday on Monday, underpinned by a strong showing from housebuilders as investors digested a better-than-expected reading on the UK construction sector.
Eurozone retail sales rise more than expected in May
Eurozone retail sales rose more than expected in May as coronavirus lockdowns across the bloc eased, according to figures released by Eurostat on Monday.
Boohoo to investigate alleged illegal practices at supplier
Fast-fashion retailer Boohoo said on Monday that it will investigate alleged illegal practices at a supplier in Leicester following reports that workers were being paid well below the minimum wage.
German factory orders rebound less than expected in May
German factory orders bounced back in May, albeit less than expected, according to figures released by Destatis on Monday.
London open: Stocks rise on positive Asian cues; housebuilders pace gains
London stocks rose in early trade on Monday, taking their cue from a positive session in Asia, with housebuilders pacing the gains.
Rentokil appoints Stuart Ingall-Tombs as CFO
Rentokil Initial said on Monday that Stuart Ingall-Tombs will succeed Jeremy Townsend as chief financial officer.
Cineworld to make counter-claim as Cineplex seeks damages
Cineworld said on Monday that it plans to counter-claim against Cineplex after the Canadian cinema chain announced that it was filing a lawsuit against it for backing out of a $2. 1bn deal.
London pre-open: Stocks seen up on positive Asian cues
London stocks were set to rise at the open on Monday, tracking gains in Asia, despite a spike in coronavirus cases sparking local lockdowns in the UK and Spain, among other countries.
Monday newspaper round-up: UK banks, Sunak, Royal Dutch Shell
UK banks are preparing a code of conduct for pursuing businesses that default on taxpayer-backed coronavirus loans, amid industry estimates that up to eight out of 10 borrowers could fail to repay in full. The Guardian understands that the industry lobby group UK Finance and the state-owned British Business Bank have kicked off talks with commercial lenders in an effort to set industry-wide debt collection standards well ahead of repayments falling due. – Guardian.