Latest News
Monday newspaper round-up: Sainsbury's, manufacturing, inflation
The Queen’s bank, Coutts & Co, and the Coal Pensions Board have joined a group of investors backing a resolution calling for Sainsbury’s to pay the independently set living wage for all staff and contracted workers. The vote at the UK’s second-largest supermarket’s annual shareholder meeting on 7 July will be the first on a resolution committing a UK company board to pay the living wage. ShareAction, the responsible investment campaign group, said the resolution would be a “litmus test for investors’ social commitments amid the cost-of-living crisis”.
US close: Dow Jones gives back some of prior week's gains
Major indices closed lower on Monday following a banner week that saw the blue-chip Dow Jones register more than 800 points in gains.
Europe close: Stocks end mixed with US price data, Fed in focus
European shares finished Monday's session on a mixed note as a positive close on Wall Street on Friday and the easing of Covid-19 restrictions in China lifted sentiment.
London close: Stocks start week on front foot with miners pacing gains
London stocks were firmer by midday at the start of the week, with miners pacing the advance as sentiment was boosted by a further easing of Covid restrictions in Beijing and Shanghai, G7 leaders announced plans for a multi-billion dollar infrastructure package and as investors scaled back Federal Reserve rate hike expectations.
Directors dealings: Three Churchill China directors trim stakes
Three of Churchill China's top directors trimmed their stakes in the ceramic pottery manufacturer during the preceding week.
Tuesday preview: NATO summit, US home price data in focus
Investors' focus on Tuesday will be on the start of the NATO summit in Madrid and the associated news-flow coming out of the Spanish capital.
Centrica pulls out of Bulb auction - FT
British Gas owner Centrica has pulled out of the auction for failed energy provider Bulb, leaving the UK government struggling to achieve a competitive bidding process, the Financial Times reported, citing people close to the sale process.
US pending home sales rise 0.7% in May
US pending home sales increased 0. 7% month-on-month in May, according to the National Association of Realtors, breaking a six-month spell of declines.
Broker tips: Big Technologies, Ocado, Go-Ahead Group
Analysts at Berenberg initiated coverage on software-as-a-services firm Big Technologies with a 'buy' rating and 320. 0p target price on Monday, branding the group as "the big disrupter".
US open: Stocks lower following banner week for Dow Jones
Major indices traded lower at the open on Monday following a banner week that saw the blue-chip Dow Jones register more than 800 points in gains.
Polar Capital ups dividend despite profit dip
Polar Capital Holdings has upped its dividend payout despite a fall in full-year profits, the boutique asset manager confirmed on Monday.
FTSE 100 movers: Miners rally; Ocado hit by downgrade
London’s FTSE 100 was up 0. 4% at 7,234 in afternoon trade on Monday.
US durable goods orders jump past forecasts in May
Orders in the US for goods made to last more than three years rose more quickly than expected last month.
FTSE 250 movers: Biffa shares fall on results delay; easyJet flies higher
The FTSE 250 was up 1. 06% at 19,326. 62 at 1402 BST.
Kefi Gold denies it has lost key licence
Kefi Gold and Copper has dismissed media reports claiming it has lost its Tulu Kapi licence in western Ethiopia.
Evergrande faces winding up petition in Hong Kong
A winding up petition has been filed against China Evergrande Group, the embattled Chinese property developer.
Cake Box full-year profits, revenue surge
Specialist cream cakes retailer Cake Box posted a jump in full-year profit and revenue on Monday despite an increasingly challenging environment.
CareTech to be taken over in £870m deal
AIM-listed residential social care provider CareTech said on Monday that it has agreed to be taken over by a consortium led by its co-founders for £870. 3m.
US pre-open: Stocks seen higher as inflation worries recede
US stocks looked set to rise at the open on Monday as worries about inflation receded - at least for now.
Retail footfall hit by rail strikes
Retail footfall fell last week, industry data showed on Monday, hit by the widespread travel disruption.