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London close: Housebuilders pace decline after Crest Nicholson warning
London stocks closed lower on Monday, with housebuilders pacing the decline after a profit warning from Crest Nicholson.
Europe close: Energy plays help to lift continental bourses
Monday saw European shares finishing with a mostly positive performance, influenced in part by China's decision to reduce its key interest rate.
Director dealings: RS Group, Abrdn directors make purchases
RS Group was at the top of the list of director buys on Monday, after its chief executive officer picked up more than 14,000 shares.
Tuesday preview: Markets turn to Wood Group results, Fed speeches
Tuesday is set to be a quiet day in terms of corporate earnings and economic data, with Wood Group the only major UK-listed company expected to release results.
US open: Stocks mostly higher as investors eye Jackson Hole
US stocks were mostly higher at the open on Monday, having hit two month-lows last week.
CMA clears Broadcom's $69bn acquisition of VMware
Broadcom’s $69bn acquisition of VMware was given the nod by UK regulators on Monday, as the Competition and Markets Authority (CMA) issued its final decision after an intensive phase two investigation into the deal.
Audioboom ranked fifth by two US podcast industry analysts
Podcast producer and distributor Audioboom announced on Monday that it was emerging as the fifth largest podcast publisher in the US, according to two industry evaluations.
Broker tips: JD Sports, B&M, Diageo, Reckitt
RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.
DX Group unveils new Norwich parcels depot
Parcels and delivery specialist DX Group unveiled a new depot in Norwich on Monday, bolstering its presence in the region.
Oracle Power reports progress at Northern Zone gold project
International project developer Oracle Power updated the market on the ongoing development of the Northern Zone project by Riversgold on Monday.
Fusion Antibodies progresses AI antibody collaboration
Preclinical antibody discovery specialist Fusion Antibodies updated the market on its ‘AI/ML-Ab’, or AIM-Lab, service on Monday.
FTSE 100 movers: Housebuilders hit by Crest Nicholson warning; oil shares rally
London’s FTSE 100 was up 0. 4% at 7,290. 19 in afternoon trade on Monday.
FTSE 250 movers: Crest Nicholson slumps on warning; Indivior up on settlement
UK home builder Crest Nicholson lowered annual profit forecasts after a worsening of the housing market amid rising inflation and interest rates.
Renalytix gets KidneyIntelX included in major clinical guidelines
Renalytix announced on Monday that its signature solution ‘KidneyIntelX’ has secured a spot in the draft Kidney Disease Improving Global Outcomes (KDIGO) 2023 clinical practice guideline for the evaluation and management of chronic kidney disease.
Trident buys interest in Mali gold project royalty
Mining royalty investor Trident Royalties announced the acquisition of a 50% interest in a 2% net smelter royalty over the Dandoko Gold Project in western Mali on Monday.
Crest Nicholson shares slump as profit guidance lowered
UK home builder Crest Nicholson lowered annual profit forecasts after a worsening of the housing market amid rising inflation and interest rates.
TruFin conditionally accepts offer for its Vertus shares
Financial holding company TruFin has conditionally accepted a non-binding, indicative cash offer for its shares in Vertus Capital, it announced on Monday.
US pre-open: S&P 500 to rebound from two-month low
US stocks were expected to bounce back after hitting two month-lows last week, on what’s set to be a quiet day for earnings and economic data.
Europe midday: Shares extend gains; SBB slumps as CFO quits
European shares extended gains at midday on Monday as investors digested a cut in China's key interest rate, while shares in Swedish property developer SBB slumped as the firms chief financial officer quit.
London midday: FTSE extends gains as energy shares rally; housebuilders slide
London stocks had extended gains by midday on Monday, helped along by energy shares as investors mulled the latest rate cut by the People’s Bank of China, but housebuilders slid after a profit warning from Crest Nicholson.