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Europe open: Stocks down as euro gains, oil slips
Stocks began the morning lower amid dour sentiment after the White House pulled its proposed bill on healthcare reform last Friday, raising concerns that other legislative initiatives on tax reform and infrastructure investment might encounter similar resistance.
ITM Power sells electrolyser and hydrogen energy equipment
Shares in ITM Power surged on Monday after the clean energy storage company announced it had sold some equipment and that it has a pipeline of potential revenue worth nearly £25m.
South32 announces $500m share buyback
Mining and metals company South32 has announced plans to return an additional $500m to shareholders, or around 4. 5% of its current market capitalisation.
London open: Stocks drop after Trump's healthcare defeat
Equity markets in London fell in early trade amid growing doubts about Donald Trump's ability to deliver on his plans for tax cuts and infrastructure spending after Republican leaders withdrew his healthcare bill at the end of last week due to a lack of support.
Tullow Oil's risk and rewards 'roughly balanced' says Goldman Sachs
Goldman Sachs upgraded Tullow Oil to ‘neutral’ from ‘sell’ and lowered its target price to 200. 6p from 207. 4p, as it sees the company having a more balanced risk and reward following a rights issue.
FirstGroup consortium wins UK's South Western rail franchise
FirstGroup has won the seven-year contract from the UK Department for Transport to operate trains on the South Western rail franchise, with rival Stagecoach among those missing out.
European Wealth enters into 12-month loan facility
European Wealth has entered into a £720,000 12-month loan facility at an interest rate of 10%.
Wood Group extends contract with Premier Oil
Energy services firm Wood Group has extended its North Sea contract with explorer Premier Oil for a further two years in a deal worth $50m and which will secure more than 150 jobs.
Elektron Technology completes sale of Digitron
AIM-listed Elektron Technology has completed the sale of the business and assets of Digitron to The British Rototherm Company for a total gross consideration of £300,000 in cash payable on completion, which will be used for working capital purposes.
Greencoat buys Langhope Rig Wind Farm in £40m deal
Greencoat UK Wind announced on Monday that it acquired Langhope Rig Wind Farm from GE unit, GE Energy Financial Services, for a total consideration of £39. 8m.
London pre-open: Stocks seen weaker on Trump healthcare fail, Brexit
London stocks were set for a weaker open on Monday following a downbeat session in Asia, after Republican leaders withdrew Donald Trump's healthcare bill at the end of last week due to a lack of support.
Old Mutual sells down further stake in OMAM
Old Mutual has struck a deal to offload almost half of its stake in its asset management business for $446m.
Monday newspaper round-up: Opec, RBS, aerospace, council tax
Opec ministers are to consider extending their agreement to curb supplies for a further six months, the cartel said yesterday as it reported high levels of compliance with the deal to date. A committee of Opec and non-Opec ministers met in Kuwait to monitor compliance with the November accord, under which the cartel and other countries, including Russia, agreed to cut output by a combined 1. 8 million barrels per day for the first six months of 2017. - The Times.