Latest News
Commodities: Saudi pulls out all the stops, oil futures gain
Fresh gains for crude oil futures after non-OPEC countries agreed to slash their own output levels kept commodities in the black despite a down day for the greenback on foreign exchange markets.
US close: Stocks end mostly lower but Dow notches up another record
US equity markets ended mostly lower on Monday, but the Dow Jones Industrial Average notched up its sixth consecutive record close, as oil prices rose and investors looked ahead to the Federal Reserve policy meeting later this week.
Directors dealings: Capita boss tries to call a bottom
The chief of troubled outsourcer Capita picked up some stock in his company in the wake of its shares' recent spiral lower.
Lloyds not meeting no-frills guidelines for UK customers
Lloyds banking Group has failed to meet “fee-free” guidelines for the majority of its basic account holders, according to Treasury figures.
BGEO Group issues 30m Georgian lari currency bond
BGEO Group's water utility business issued a 30m Georgian lari currency bond (about £9m), the largest ever issued in local currency by a non-financial institution from the central Asian country.
FTSE 250 movers: Oil stocks boosted by non-OPEC deal; BGEO loses flow
The FTSE 250 index fell 0. 6% to 17,627. 04 in the late afternoon.
London close: Stocks and Gilts come under pressure
A sharp move up in crude oil futures pulled government bond yields higher along with them, weighing on stocks two days ahead of the US central bank´s next policy meeting.
Tuesday preview: CPI data set for release on both sides of the Channel
Markets were expected to be in a tense wait-and-see mode ahead of the US central bank´s policy announcement the next day.
Europe close: Markets mixed as traders look to Fed
European stocks took a breather on Monday, after big gains in the previous week, with moderate losses for Chinese assets overnight affecting sentiment, as well as the US central bank´s policy meeting later in the week.
Oil prices shoot higher after non-OPEC deal, Saudi says will cut more
Oil prices shot higher after non-OPEC producers agreed to reduce their own output in parallel to the cut announced by the oil cartel on 30 November.
Mereo BioPharma reports on solid progress
Clinical stage, UK-based, biopharmaceutical company focused on rare and specialty diseases, Mereo BioPharma Group updated the market on its three clinical development programmes in addition to a general corporate update on Monday.
European Commission fines Sony, Panasonic and Sanyo €166m
Electronics companies Sony, Panasonic and Sanyo have been fined €166m for their involvement in a cartel with Samsung SDI, fixing the pricing of rechargeable lithium-ion batteries used in laptops and mobile phones.
Exxon CEO Tillerson praised by Russia ahead of possible secretary of state job
Donald Trump's favoured pick for the secretary of state job, ExxonMobil CEO Rex Tillerson, has been praised by a spokesperson for the Russian government.
FTSE 100 movers: Gold diggers lose lustre as other miners rally
London's FTSE 100 continued to drift lower on Monday afternoon, despite a strong performance from its habitual basic resources backbone.
Cohort earnings ahead in first half
Cohort announced its final results for the six months to 31 October on Monday, including adjusted operating profit up 11% at £3. 9m, off revenue up to £50. 0m from £49. 7m at the same time last year.
Sector movers: Non-OPEC oil deal boosts producers
Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains.
LGO Energy looking ot restart drilling at Goudron
LGO Energy updated the market on its plans to recommence production drilling at the Goudron Field in Trinidad on Monday, following its announcements on 7 and 9 December confirming the refinancing of the company's loan facility.
Results round-up
Animal pharmaceutical developer and market Eco Animal Health reported its results for the six months to 30 September on Monday, with a 25% increase in revenue to £26. 9m.
US open: Oil stocks diverge as investors take profits ahead of Fed's hike
US equity markets were mostly down on Monday, as investors looked towards the Federal Reserve policy meeting later this week.
