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Europe open: Stocks start session on back foot amid concerns over Covid-19 cases in China
Stocks on the Continent started the week on a down note with selling during the Asian session carrying over into the European open.
Kelsian refuses to rule out bidding war for Go-Ahead
Australia’s Kelsian Group urged shareholders in Go-Ahead Group not to take any action on Monday, as it continued to mull its own potential offer for the British business.
Europe midday: Stocks pare early losses
Stocks on the Continent are holding lower but have come off their earlier lows with reports of more Covid-19 infections having been detected in the People's Republic of China weighing on investor sentiment.
Berenberg reiterates 'buy' rating on Molten Ventures
Analysts at Berenberg lowered their target price on venture capital company Molten Ventures from 1,300. 0p to 1,050. 0p on Monday but said a recent portfolio stress test proved the group's stock was "too cheap".
Prime Minister not planning to extend windfall tax to electricity generators
Electricity generators will be spared from the government's tax net, a spokesman for the Prime Minister said.
Harbour Energy's Timpan-1 well encounters 'material gas accumulation'
Harbour Energy said on Monday that its Timpan-1 exploration well offshore Indonesia has encountered a "material gas accumulation".
Activist investors calls on Purplebricks chair to quit - report
A shareholder in Purplebricks has called for the immediate resignation of Paul Pindar, the beleaguered firm’s chair, it was reported on Monday.
US pre-open: Stock futures in the red ahead of Q2 earnings season
Wall Street futures were in the red ahead of the bell on Monday as market participants prepped for the beginning of Q2 earnings season.
Wizz Air cuts capacity again, posts €285m Q1 loss amid 'challenging' backdrop
Low-cost carrier Wizz Air has cut capacity over its peak summer season, lowering available seats by a further 5% and deepening cuts already announced in June.
Dufry and Autogrill to combine under Benneton family control
Swiss duty-free giant Dufry and Italian travel caterer Autogrill announced plans to combine on Monday, creating a travel retail giant worth £11. 6bn in pro forma revenue.
London midday: Stocks stay down as miners take a hit
London stocks were off earlier lows but still in the red by midday on Monday, with miners under the cosh after China reimposed Covid curbs.
Asia report: Chinese tech firms lead slide in Hong Kong
Stock markets in Asia closed in a mixed state on Monday, with Hong Kong’s bourse tumbling almost 3% as Chinese technology plays slid.
Mike Ashley's Frasers eyes up AO World - report
Mike Ashley’s Frasers Group is reportedly considered backing the £40m fundraising launched last week by white goods specialist AO World.
"$20,000 has become the new battle front for Bitcoin"
This week starts with falls for the cryptocurrency market, with Bitcoin returning to $20,000 after failing to consolidate price levels above $22,000. Last Friday, the dean coin of the digital token market leapt above that mark, however, it has failed to consolidate its advance, which opened the door for it to stretch the rally above resistances at $23,000 and $25,000. The outlook for Ethereum is similar, falling back to $1,150, with a chance of retesting the $1,000 resistance level.
Twitter shares slump as Musk abandons $44bn deal
Twitter shares slumped in pre-market trade on Monday after Tesla owner Elon Musk backed out of a deal to buy the social media platform.
Wandisco secures record bookings in H1
Data activation platform operator Wandisco said on Monday that it had secured record bookings of $27. 3m in the six months ended 30 June as it witnessed accelerating commercial momentum with multiple multi-million dollar contract wins.
Heathrow warns of further disruption as it axes 61 flights
Heathrow Airport axed over 60 flights on Monday and warned it may ask airlines to cut more as it continues to battle unprecedented demand.
Seeen names Adrian Hargrave as CEO, wins contract with Daily Mail
Video optimisation company Seeen said on Monday that Adrian Hargrave had been promoted from chief financial officer to chief executive officer.
MJ Gleeson ends year 'significantly ahead' of expectations
Low-cost housebuilder MJ Gleeson said in a trading update on Monday that its Gleeson Homes division achieved its medium-term goal of doubling home sales within five years, completing the sale of 2,000 homes during the financial year just ended, as it flagged full-year results “significantly ahead” of market forecasts.
Post Office workers stage first 24-hour strike
Around 1,500 Post Office workers walked off the job on Monday, in the first 24-hour strike over pay at the state-owned company.