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Newcomers eye promotion in FTSE 100 index reshuffle
Irish packaging group Smurfit Kappa, newly listed medical product company ConvaTec Group and online car retailer Auto Trader could make the leap into the FTSE 100 benchmark on Wednesday as part of the quarterly FTSE Russell index reshuffle.
US close: Stocks end in the red after recent winning streak
US stocks ended lower on Monday, pulling back from the record highs hit last week, with oil prices firmly in focus ahead of a meeting of the Organization of the Petroleum Exporting Countries on Wednesday.
Bonds: Yields fall back amid risk aversion
These were the movements in the yields of some of the most widely-followed 10-year sovereign bonds:.
Europe close: Bank stocks pummelled
European equity markets fell on Monday, with the mood directed by Italy's tanking bank shares ahead of the country´s upcoming referendum.
FX roundup: Sterling flops on major crosses and embattled Zuma sparks rand rally
It was a case of the thin red line for sterling on Monday as traders executed retreats for the UK currency on major crosses, with South Africa's rand zipping ahead on reports president Jacob Zuma is facing a no-confidence vote.
FTSE 100 movers: Banks and retailers pace drop
Banks and retailers were among the weakest segments of the market at the start of the week.
Director dealings: Riverstone Energy directors continue buyback
While some of the major oil-producing nations pussy-footed about in the spotlight of the OPEC meeting this week, three directors of oil investor Riverstone Energy again showed their confidence in the company´s prospects with a combined £0. 59m share purchase as part of a continued buyback effort by directors to reduce the discount to net asset value at which the shares had been trading.
London close: Banks weaken ahead of BoE stress tests
Stocks in London fell on Monday, dragged lower by weakness in the banking sector, as investors continued to keep an eye on oil ahead of the Organization of Petroleum Exporting Countries meeting later in the week.
Small cap round up
Having commissioned an independent valuation of its assets, Indonesian palm oil plantation owner MP Evans said on Monday that the 740p per share offered by Kuala Lumpur Kepong, which it rejected on 15 November, is 46% lower than the group’s implied equity value of 1,082p. Malaysia-based Khong & Jaafar, which specialises in the valuation of oil-palm estates and property, valued MP Evans' land assets at $665m.
Draper Espirit raises portfolio to £107m
Draper Espirit, an AIM-listed venture capital firm, recorded a gross primary portfolio value of £106. 9m, an increase of £28. 1m since its initial public offering (IPO), including new investments of £6. 8m in the six months ended 30 September 2016.
FTSE 250 movers: Capco gains on update; broker notes hit Man and Halma
London’s FTSE 250 was down 0. 6% to 17,501. 72 in afternoon trade, with downbeat broker notes responsible for some of the fallers.
Commodities: Crude futures surge on Opec cap hopes amid volatility expectations
Crude oil futures are on the front foot on Monday afternoon as traders continue to ponder the likelihood of whether cartel Opec will introduce a production cap when it meets on 30 November in Vienna.
Black Friday spending reaches average of $289 per person
The National Retail Federation in the United States has revealed that shoppers in the country spent an average of $289. 19 over the Thanksgiving weekend as part of the Black Friday shopping days.
Sector movers: Electricity stocks pace gains
Defensives were again to be found at the top of the leaderboard as longer term market interest rates fell back.
Boeing state subsidy ruled illegal by WTO
The World Trade Organisation has ruled that state subsidies given to US plane-maker Boeing were illegal and must be paid back.
Centrica or SSE to benefit from GB Energy's collapse, say analysts
After the collapse of smaller energy supplier GB Energy over the weekend, political intervention in the energy sector is now much less likely, according to Credit Suisse, which said Centrica's British Gas or SSE could take over the supply of affected customers.
US open: Stocks a little weaker as investors keep an eye on oil
US stocks edged lower in early trade, pulling back from the record highs hit last week, with oil prices firmly in focus ahead of a meeting of the Organization of the Petroleum Exporting Countries on Wednesday.
OPEC deal not the only means to rebalance crude oil market, Saudi´s Al-Falih says
Oil prices bounced back at the beginning of the week amid multiple reports of last minute negotiations and shuttle diplomacy between high-ranking OPEC officials as its members to try and close the first deal in eight years to cut their combined level of output.
Kainos Group records rising revenues in first half
Kainos, a British provider of IT, consulting and software solutions, recorded a successful first half with revenue rising 9% to £40. 6m in the six months ended 30 September 2016.
Tata Steel UK to sell speciality steels business to Liberty House for £100m
Tata Steel UK has signed a letter of intent with Liberty House to enter into exclusive negotiations over the potential sale of its speciality steels business for £100m.