Full List Of Stories
FTSE 100 movers: Frasers rallies on buyback; JD Sports hit by downgrade
London’s FTSE 100 was up 0. 2% at 8,153. 26 in afternoon trade on Monday.
UMB Financial to buy Heartland Financial in $2bn deal
UMB Financial Corporation said on Monday that it has agreed to buy rival Heartland Financial USA in a $2bn all-share deal.
Gatemore calls on Elementis to replace CEO
Activist investor Gatemore Capital Management said on Monday that Elementis was an attractive company that has "lost its direction" as it called for the chief executive to be replaced.
London midday: Stocks maintain gains as Frasers, Anglo rally
London stocks were still in the black by midday on Monday, helped along by gains from the likes of Frasers Group and Anglo American, as investors eyed the start of the Federal Reserve's latest policy meeting.
Barclays downgrades JD Sports on Hibbett acquisition
Barclays downgraded JD Sports on Monday to ‘equalweight’ from ‘overweight’ and cut the price target to 140p from 165p after the retailer announced the acquisition of US rival Hibbett last week for $1. 1bn.
London open: Stocks gain; Blackstone strikes deal for Hipgnosis
London stocks rose in early trade on Monday following another record high at the end of last week.
Petrofac delays results, says it may need to convert existing debt to equity
Petrofac tumbled on Monday as it announced a delay to the publication of its full-year results and said it may have to convert a significant proportion of its existing debt to equity.
N Brown chairman Ron McMillan to retire
N Brown said on Monday that chairman Ron McMillan will be retiring and stepping down from the board with effect from 30 April for personal reasons.
Supermarket Income REIT buys portfolio of Carrefour supermarkets for €75.3m
Supermarket Income REIT said on Monday that it has bought a portfolio of Carrefour supermarkets in France through a sale and leaseback transaction for €75. 3m.
London pre-open: Stocks seen up; Halifax house prices in focus
London stocks looked set for a positive open on Monday after closing at another record high at the end of last week.
Monday newspaper round-up: Thames Water, Brexit, Babylon
Senior Whitehall officials fear Thames Water’s financial collapse could trigger a rise in government borrowing costs not seen since the chaos of the Liz Truss mini-budget, the Guardian can reveal. Such is their concern about the impact on wider borrowing costs for the UK, even beyond utilities and infrastructure, that they believe Thames should be renationalised before the general election. Officials in the Treasury and the UK’s Debt Management Office fear that, unless the UK’s biggest water company is renationalised as soon as possible, “prolonged uncertainty” about its fate could “damage confidence in UK plc at a sensitive time”, with elections in the UK and the US later this year.