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US close: Stocks end higher after Yellen speech as oil gains
US stocks ended higher on Monday as oil prices advanced and investors digested a fairly upbeat speech by Federal Reserve chair Janet Yellen.
Mining and oil stock pace gains
Commodity and oil stocks led gains in the market as investors waited on a key speech from US central bank chief Janet Yellen, with weakness in the US dollar contributing to further gains in energy and metals prices.
FX round-up: Sterling falls on more Brexit fears as Yellen points to gradual US rate rises
Sterling turned in a downcast performance against most major crosses as fears heightened that Britain might vote to quit the European Union later in June, with Federal Reserve chair Janet Yellen today flagging the potential for gradual US rate rises.
Europe close: Gains in basic resources prop up market gauges
European stocks were little changed on Monday as investors awaited a speech by Federal Reserve chair Janet Yellen for further clues on monetary policy after Friday’s dire payrolls report.
Fed´s Yellen sounds confident note, still expects gradual tightening
Further gradual interest rate increases in the US were likely to be appropriate, the head of America´s central bank said.
GHD to be auctioned with an estimated price-tag of over £400m
The owners of GHD, a hair products supplier, is to sell the brand at an auction with estimates of over £400m.
HSBC to restructure its global banking division
HSBC is to restructure its investment banking division in an effort to make the business more “agile and holistic” and save money according to a memo seen by Reuters.
June rate hike now less likely, but a move in July is possible, Fed´s Bullard says
The odds of the US central bank tightening policy again when its rate-setters next met had decreased after the release on 3 June of an "underwhelming" jobs report, the president of the Federal Reserve bank of Atlanta said.
London close: FTSE ends higher on rally in mining stocks
The FTSE 100 ended higher on Monday, bolstered by a rally in mining stocks as commodity prices rose.
Small caps news round-up
Aminex says commissioning of the gas plant and sub-sea pipeline at its Kiliwani North Development Licence in Tanzania began on 1 June, and that commissioning of the power regeneration system and other auxiliary facilities is complete. The company added that on 2 June gas was processed and entered the pipeline system connecting the Songo Songo plant with the national pipeline. During commissioning, gas rates were planned to rise to 30 mmscfd while pressuring up the plant and pipeline.
Oncimmunce Holdings CFO Robert Page dies
Robert Page, director and CFO of Oncimmune Holdings, has died unexpectedly from natural causes.
Rise in executive suicide in Switzerland leads to business community introspection
The business community in Switzerland is smarting after a recent spate of suicides from within the financial spheres has led to an introspection of the stress levels induced by their companies.
FTSE 100 movers: Mining megalodons rise with metals prices as Brexit brakes housebuilders
Mining megalodons dominated the blue-chip winners' ladder as they advanced in correlation with firming precious and industrial metals prices, supported by Coca-Cola HBC's fizz higher.
FTSE 250 movers: Resources rise with gold, crude as Brexit jitters dampen housebuilders
Rising crude and metals prices helped propel several resources-linked FTSE 250 stocks higher in an overall quiet session, with concurrent Brexit jitters weighing on the housing sector.
US President Obama schedules visit to Spain after NATO summit
President of the United States Barack Obama will visit Spain from the 9th to the 11th of July, a White House statement has confirmed.
Results round-up
Russian oil producer LukOil PJSC saw its first-quarter profit plunge almost 59% as crude-oil prices plumbed 12-year lows and as it was buffeted by foreign-exchange headwinds.
US open: Stocks gain as oil prices rise ahead of Yellen speech
US stocks advanced on Monday as oil prices jumped and as investors awaited a speech from Federal Reserve chair Janet Yellen.
German president Gauk will not seek second term
Germany’s 11th post-war president, Joachim Gauck, said he will not run for a second five-year term which could cause trouble for Chancellor Angela Merkel’s coalition government on selecting a successor.
Vodafone accused of complaints-handling failure by Ofcom
UK communications regulator Ofcom has accused Vodafone -- the most complained about network in Britain -- of breaking rules on handling complaints over a two-year period to November 2015.
Why you can't get a ticket to see Justin Bieber
Current Twitter Head of Media and Commerce, and former Ticketmaster CEO Nathan Hubbard has written a blog post for The Ringer explaining exactly why most average joes face little chance when attempting to secure online ticket purchases.