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US pre-open: Futures up, but gains limited ahead of earnings
Stock futures rose slightly on Monday morning though gains were limited as investors awaited yet more quarterly earnings from heavyweight corporates.
Jim Ratcliffe to buy 25% of Man Utd after Qatari group withdraws offer
US-listed shares of Manchester United tanked in pre-market trading on Monday after it emerged that a group of Qatari investors backed out of their offer to snap up the world-famous football team, paving the way for Sir Jim Ratcliffe to step in with a 25% stake.
Barclays downgrades Ocado, shares slide
Ocado was under the cosh on Monday after Barclays downgraded shares of the online supermarket to ‘underweight’ from ‘equalweight’ and slashed the price target to 430p from 680p, pointing to a "particularly challenging" valuation.
Europe open: Stocks flat as investors keep eyes on earnings, Middle East
European stocks opened flat on Monday morning as investors braced themselves for a busy week of corporate earnings amid ongoing conflict in the Middle East.
Mike Ashley's Frasers Group ups stake in Boohoo again
Mike Ashely’s Frasers Group upped its stake in fast fashion retailer Boohoo on Monday to 15. 1% from 13. 4%.
UK house prices rise at slowest pace since 2008 - Rightmove
UK house prices rose in October at the slowest monthly pace for this time of year since the financial crisis of 2008, according to data released on Monday by Rightmove.
London open: Stocks flat amid Middle East woes
London stocks were steady in early trade on Monday as a boost from rising oil prices was offset by concerns about the conflict in the Middle East.
Cerillion FY profit seen ‘meaningfully ahead’ of consensus
Cerillion said on Monday that adjusted pre-tax profit for the year to the end of September was set to be "meaningfully ahead" of consensus expectations of £14. 3m following "continued strong progress" in the second half.
DX Group reopens more former Tuffnells sites to expand network
DX, the logistics and delivery services group currently undergoing a potential takeover by US private equity firm HIG, said it has reopened another 10 of the depots that it took over Tuffnells Parcels Express, which went into administration in the summer.
ITM Power announces entry into the US market
Green energy group ITM Power has announced it is starting bidding into projects in the US market, which it says could become one of its largest markets.
London pre-open: Stocks seen up as oil prices rise
London stocks looked set for a positive open on Monday as oil prices rose due to ongoing tensions in the Middle East.
Frasers Group ups Boohoo stake, GSK gets positive CHMP opinion for Jemperli
London open The FTSE 100 was called to open 26 points higher at 7,625.
GSK nears green light for Jemperli usage in Europe
Pharma giant GSK has announced that European experts recommended the approval of its Jerperli drug for the treatment of a specific type of endometrial cancer – paving the way for marketing authorisation by the continent's regulatory body.
Monday newspaper round-up: Inflation, energy help, landlords, Hipgnosis
Headline inflation eased again in September, official figures are expected to show this week, while pay growth is slowing. Economists polled by Refinitiv expect the Office for National Statistics (ONS) to say annual inflation fell slightly to 6. 5% in September from 6. 7% in August. However, that is still well above the Bank of England’s 2% target. – Guardian.