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City of London Investment Group expects drop in profits, dividend steady
City of London Investment Group anticipated a decline in profits as funds under management registered a moderate decline, the emerging markets asset manager said in a pre-close trading update for the financial year to 30 June.
Failed Turkey coup sees lira rebound, bonds tumble and shares fall
After a failed coup in Turkey on Friday, the lira rebounded from its biggest fall in eight years, Turkish bonds tumbled and shares in banks slumped.
UK MPs vote to renew Trident nuclear system
The UK parliament has voted to renew the Trident nuclear weapons system by 472 to 117.
US close: Tech, banks drive S&P, Dow to record highs
US stocks closed slightly higher on Monday as technology stocks were boosted on the back of SoftBank's bid for the UK's ARM Holdings and gains were made in the banking sector.
Bonds: Gilts gain as MPC's Weale tempers speculation of further stimulus
These were the movements in the most widely-followed 10-year sovereign bond yields:.
FX round-up: Corporate M&A puts a bid into the pound
These were the movements in the most widely-followed 10-year sovereign bond yields:.
Commodities: Oil, steel-related futures fall
Commodity markets were little changed overall despite a move lower in energy futures.
Shares in ARM Holdings rocket, oil and steel-related stocks fall
Cyclicals paced gains on the FTSE 350, with technology shares easily the best performers as shares of ARM Holdings rocketed on the back of a £23bn-pound all-cash offer from Japan's SoftBank.
Europe close: Stocks end session little changed
European stocks pared earlier gains to trade flat to slightly lower on Monday as investors weighed up a failed military coup in Turkey against some encouraging company deal news.
Broker tips: Rentokil Initial, Glencore, UK real estate stocks
HSBC raised its rating on Rentokil Initial to ‘hold’ from ‘reduce’ and lifted its target price to 190p from 145p on Monday.
Legal&General cuts discount on UK property fund as redemptions slow
Legal &General reduced the discount for withdrawals from its UK property fund after applications for redemptions slowed.
Developments at Tendrara lead to rise in Sound Energy shares
Following its recent share price increase, Europe and Mediterranean focused upstream gas company Sound Energy was forced to update the market on developments at its Tendrara licence on Monday.
London close: Stocks rally on ARM Holdings takeover
UK equities closed in the green on Monday as a takeover deal for ARM Holdings lifted investor sentiment.
Citi sees opportunity in UK real estate correction
UK commercial real estate values were set to fall further, analysts at Citi said, but they believed the falls would only be a 'correction' - mostly cyclical in nature - and should be looked upon as a trading opportunity.
Premier African Minerals confirms restart at RHA Tungsten
Multi-commodity mining and natural resource development company Premier African Minerals announced on Monday that plant upgrades are now installed and operational at the RHA Tungsten Project, of which Premier is the operator and holds 49%.
Emerging markets offer growth amid global slowdown, says Morgan Stanley
Amid what Morgan Stanley expects to be a disappointing level of global growth over the coming 12 months, emerging markets should not only provide growth but also accelerate into 2017.
FCA finds some savings accounts pay just 0.01pc
The Financial Conduct Authority published a set of data on Monday showing the lowest interest rates offered by 32 providers of easy access cash savings accounts and easy access cash ISAs.
Conroy Gold says four new gold zones intersected in Ireland
Gold mining company Conroy Gold and Natural Resources said four new gold zones were intersected in a drilling programme in Ireland.
Small caps news round-up
Southern African diamond mining, development and exploration company Diamond Corp announced on Monday that diamond mining operations at the Lace mine have been temporarily suspended following an investigation on 15 July by the South African Department of Minerals Resources into a fall of ground incident in a development tunnel, on the 310 metre level. The AIM-traded firm said the incident occurred when explosive misfires were being made safe, and resulted in a miner’s assistant suffering contusions and four cracked ribs.
Fitch warns of risks to credit rating from Turkish government's reaction
The impact of the reaction by Turkey’s authorities to the attempted military coup over the weekend on political divisions in the country and the independence of its institutions would determine whether the country’s sovereign debt ratings came under pressure or not, analysts at Fitch said.