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Europe midday: Shares extend gains; Eurofins in focus after Muddy Waters report
European stocks extend gains on Monday as investors eyed more interest rate decisions and regional GDP readings later in the week, while shares in French scientific laboratory group Eurofins Scientific slumped after a note published by US activist hedge fund Muddy Waters accused it of financial irregularities.
Serica Energy completes £15m share buyback
Serica Energy announced the completion of its share buyback programme on Monday, which it initially launched on 24 April.
London midday: Stocks tick higher as Prudential, Frasers rally
London stocks had extended gains by midday on Monday, helped along by solid performances from Prudential and Frasers Group, as investors eyed the release of key US inflation and UK growth figures later in the week.
Germany’s Covestro enters ‘concrete’ takeover talks with Adnoc
German chemicals firm Covestro said on Monday that it had agreed to enter into "concrete negotiations" Abu Dhabi National Oil Co based on a potential €62 per share starting proposal.
Apple found in breach of EU competition rules
Tech giant Apple has been charged with breaking new European Union laws over allowing small companies to compete on its app store.
Warehouse REIT sells £57.5m of single-let assets
Warehouse REIT announced the completion of £57. 5m in sales of single-let assets on Monday, through three separate transactions.
Hutchmed partner gets European approval for fruqintinib
Hutchmed China announced on Monday that its partner Takeda has received approval from the European Commission for ‘Fruzaqla’, or fruquintinib, as a monotherapy for adult patients with metastatic colorectal cancer (CRC).
Pets at Home kicks off £25m share buyback programme
Pets at Home Group announced the start of a £25m share buyback programme on Monday, after committing to one in its preliminary results.
Anglo-Eastern reports weaker palm oil production
Palm oil producer Anglo-Eastern Plantations reported a 4% decrease in fresh fruit bunches production in the first five months of the year on Monday, to 403,200 metric tonnes, down from 420,300 tonnes in the same period last year.
US pre-open: Futures point to mixed start early on
US stocks were expected to open the new trading week mixed, with futures swinging between gains and losses in pre-market trade.
Activist investor Engine Capital urges C&C Group to explore sale
Activist investor Engine Capital sent a letter to the board of C&C Group on Monday in which it urged the Magners and Bulmers owner to explore strategic alternatives for the drinks company, including a potential sale.
Asia report: Most markets fall ahead of key inflation readings
Asia-Pacific markets finished mostly lower on Monday, with investors looking ahead to key inflation data from Australia and Japan later in the week.
German business sentiment deteriorates in June - Ifo
German business sentiment deteriorated in June, according to a survey released on Monday by the Ifo Institute.
Shepherd out, Montague in as Brooks Macdonald CEO
Brooks Macdonald Group announced the retirement of Andrew Shepherd on Monday, who has served the company for 22 years, most recently as group chief executive officer (CEO) for the last three years.
Chemring appoints Tony Wood as its next chairman
Chemring Group announced the appointment of Tony Wood as an independent non-executive director and chairman-designate on Monday.
London open: Stocks nudge up as investors eye US inflation, UK GDP
London stocks were just a smidgen firmer in early trade on Monday, paring opening losses as investors eyed the release of key US inflation and UK growth figures later in the week.
CLS to turn Vauxhall's Citadel Place into mixed-use community hub
Commercial property investor CLS Holdings has unveiled development plans for its Citadel Place site in London's Vauxhall, aiming to create a "vibrant community hub" once current leases expire in 2026.
Europe open: Shares edge higher ahead of rate calls, GDP data
European stocks opened slightly higher on Monday as investors eyed more interest rate decisions and regional GDP readings later in the week.
THG inks multi-year fulfilment and distribution deal with Frasers
Ecommerce services and fulfilment group THG has announced a new multi-year partnership with retail conglomerate Frasers Group that includes the sale of its portfolio of luxury goods websites.
GSK reports regulatory progress for Omjjara, Jemperli
GSK announced on Monday that it has received approval from Japan's Ministry of Health, Labour and Welfare (MHLW) for ‘Omjjara’, or momelotinib, as a treatment for myelofibrosis.