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FTSE 100 movers: Land Securities boosted by upgrade; Centrica in the red
London’s FTSE 100 was up 0. 3% at 8,189. 25 in afternoon trade on Monday.
Maersk no longer interested in bidding for DB Schenker
Shipping giant Maersk rallied on Monday after saying it was no longer interested in bidding for DB Schenker, the logistics unit of Deutsche Bahn.
Chewy shares surge as Roaring Kitty takes 6.6% stake
Chewy shares surged in pre-market trade on Monday after it emerged that meme stock trader Roaring Kitty has taken a 6. 6% stake in the company.
London midday: Stocks maintain gains after raft of UK data; French elections in focus
London stocks were off earlier highs but still in the black by midday on Monday as investors mulled a raft of UK data and French election results suggesting the Far Right will fall short of an absolute majority in the second round of voting.
Boeing to buy Spirit Aerosystems in $4.7bn deal
Boeing said on Monday that it has agreed to buy Spirit AeroSystems in a $4. 7bn all-share deal.
JPMorgan puts Trustpilot on ‘positive catalyst watch’, shares rally
JPMorgan Cazenove placed Trustpilot shares on ‘positive catalyst watch’ on Monday ahead of the first-half trading update on 11 July, saying it expects another period of adjusted EBITDA ahead of expectations.
UK mortgage approvals dip in May
UK mortgage approvals dipped in May as higher mortgage rates continued to take their toll, according to data released on Monday by the Bank of England.
UK manufacturing growth slows in June
Growth in the UK manufacturing sector slowed slightly in June, according to a survey released on Monday.
Berenberg upgrades British Gas owner Centrica to ‘buy’
Berenberg upgraded British Gas owner Centrica on Monday to ‘buy’ from ‘hold’ and lifted the price target to 155p from 130p.
London open: Stocks gain as investors mull French election news, Nationwide data
London stocks rose in early trade on Monday as investors mulled the latest French election news and UK house price data.
UK house price growth broadly stable in June - Nationwide
UK house price growth was broadly stable in June, according to data released on Monday by Nationwide.
London pre-open: Stocks seen up as investors mull Nationwide data, French election news
London stocks were set to rise at the open on Monday as investors mulled the latest French election results and looked ahead to the UK election this week.
Monday newspaper round-up: Investment bankers, energy price cap, Raspberry Pi
London’s investment bankers are expected to rake in bigger bonuses this financial year, as the City begins to recover from a two-year slump in deals caused by surging interest rates. Demand for investment banking services – such as facilitating mergers and acquisitions, advising companies and governments on fundraising, and underwriting new stock and bonds – was hit by a sharp increase in borrowing rates after the pandemic, as central banks acted to tame runaway inflation.