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Italian bank stocks tank on referendum concerns
Italian bank stocks tanked on Monday, dragging the FTSE MIB down with them amid worries the country’s upcoming referendum on constitutional reform could precipitate the fall of Prime Minister Renzi’s government.
Ukip elects Paul Nuttall as new party leader
Former Ukip deputy leader Paul Nuttall has been elected as leader of the party after winning 62. 6% of the vote, with Peter Whittle named the new deputy leader.
Banca Monte dei Paschi di Siena lower as debt swap begins
Shares in stricken Italian lender Banca Monte dei Paschi di Siena continued sliding at the start of the week as it began a five-day €4. 3bn debt swap meant to bolster its capital levels and open the way for a fund raising excercise by the end of 2016.
Berkeley Energia signs uranium offtake deal with Interalloys
Berkeley Energia has signed a binding off-take agreement with Interalloys Trading for the sale of the first production from its Salamanca uranium mine.
Standard Chartered to axe one in ten corporate banking staff - report
Standard Chartered was reported to be planning to cut 10% of its corporate and institutional banking staff, according to reports on Monday.
Watchdog to probe Sports Direct accounts over family ties
The Financial Reporting Council has launched an investigation into the accounts of Sports Direct International.
Fillon triumphs to secure French presidential nomination
François Fillon romped to victory over Alain Juppé in the battle for the centre-right nomination in the French presidential race.
Metal Tiger turns down offer from BMR
Metal Tiger, an AIM listed natural resources focused investing company, announced that it had received an indicative offer from Berkeley Mineral Resources (BMR) Group.
Samsung considering split into two companies, share buyback
South Korean tech giant Samsung Electronics has said it will announce plans to increase shareholder returns on Tuesday, as the company faces calls from US fund Elliott Management to separate into two distinct entities.
UK pension age could be lifted to 70
The official UK state pension wage could increased to 70, former pensions minister Steve Webb has said.
London midday: Stocks drop as banking sector weighs
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.
Broker tips: Man Group, Restaurant Group, TalkTalk
Man Group slumped as Exane BNP Paribas downgraded the stock to ‘neutral’ from ‘outperform’.
Man Group drops on Exane downgrade
Man Group slumped as Exane BNP Paribas downgraded the stock to ‘neutral’ from ‘outperform’.
Europe midday: Italian stocks suffer heaviest losses as bank shares slide
European equity markets fell on Monday, with the mood directed by Italy's tanking bank shares ahead of the upcoming referendum.
Trakm8 skids as profits slide due to major investment
First-half profits from Trakm8 slumped 77% and cash flow almost dried up as the telematics group's increased revenue and normal seasonality was blotted by a weak pound and significant investment in sales, marketing and engineering.
Apple eyes potential curved iPhone for 2017
Smartphone maker Apple may mark the tenth anniversary of the iPhone next year by introducing a version of its trademark device with a curved screen, one of the company's suppliers has said.
MP Evans says KLK offer 46% lower than implied equity value, makes divi pledge
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.
US pre-open: Stocks seen slightly lower as investors eye oil
US futures pointed to a slightly weaker open on Wall Street as traders returned to their desks following the Thanksgiving holiday, with oil prices firmly in focus ahead of a meeting of the Organization of the Petroleum Exporting Countries on Wednesday.
Trump claims 'millions' of people voted illegally for Clinton
US president-elect Donald Trump has responded to Jill Stein's efforts to initiate recounts in three states after the election earlier this month, by claiming millions of illegal votes were cast.
Thomas Cook to raise €300m in bond issue to institutional investors
Thomas Cook has announced plans to raise at least €300m from the issue of guaranteed senior unsecured fixed rate notes due 2022 to institutional investors.