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Europe midday: Shares erase early gains as German business morale falls
European shares slipped into the red on Monday as German business morale worsened, with bank stocks also in focus after Italy's UniCredit offered to buy rival Banco BPM for around €10bn.
Microsoft users report major outage on Outlook and Teams apps
Microsoft customers were reporting what appears to be a major outage on Monday with both Outlook and Teams software out of action.
London midday: Stocks up as investors cheer Bessent as US Treasury Secretary
London stocks were still firmer by midday on Monday as investors welcomed US President-elect Donald Trump’s decision to appoint billionaire fund manager Scott Bessent as Treasury Secretary.
Kingfisher shares drop on weak profit outlook, Q3 sales miss
Shares in Kingfisher tanked on Monday after the B&Q and Screwfix owner nudged down the midpoint of its annual profit guidance following a weak third quarter, in which group like-for-like sales fell more than forecast.
Falcon Oil upbeat on spudding of Beetaloo well
Falcon Oil & Gas announced the spudding of the Shenandoah S2-4H (SS4H) horizontal well in the Beetaloo Sub-basin of Australia’s Northern Territory on Monday.
German business morale falls more than expected
Business morale in Germany worsened this month, with sentiment in both the struggling manufacturing sector and services industries taking a hit, according to the IFO Institute.
Quadrise inks collaboration agreement with Aquamarine
Energy solutions business Quadrise said on Monday that it has struck a collaboration agreement with marine fuel supply systems group Aquamarine.
Journeo receives two purchase orders
Technology group Journeo said on Monday that it has received further purchase orders to supply and install the first tranche of safety systems on RATP buses within the Transport for London fleet.
Synectics wins two oil and gas contracts
Security and surveillance systems firm Synectics has been awarded two contracts for oil and gas contracts in Qatar and Brazil, totalling £2. 3m.
Asia report: Most markets rise, PBoC holds medium-term lending rate
Asia-Pacific markets kicked off the week with mostly positive momentum, as investors positioned themselves ahead of a flurry of economic data releases.
UniCredit offers to buy rival Banco BPM in €10bn all-stock deal
Italy’s UniCredit said on Monday that it has offered to buy rival Banco BPM in a €10. 1bn (£8. 4bn) all-stock deal.
Thor gets cash injection from tax credits, fluorite rights sale
Thor Energy announced the receipt of payments amounting to AUD 0. 41m (£0. 21m) on Monday, from a combination of a research and development tax rebate and proceeds from a partial licence sale within the Molyhil Joint Venture.
Benchmark Holdings offloads genetics unit
Aquaculture biotechnology company Benchmark Holdings has disposed of its genetics unit for an enterprise value of up to £260. 0m.
Boohoo gets lender consent for latest fundraising efforts
Online fashion retailer Boohoo Group announced on Monday it has secured lender consent for its latest fundraising effort, following earlier announcements detailing an oversubscribed placing, subscription, and retail offer on 14 and 18 November.
Europe open: Stoxx up with UniCredit bid for BPM in focus
European shares opened higher on Monday, extending gains from Friday, with bank stocks in focus after Italy’s UniCredit offered to buy rival Banco BPM for around €10bn.
GSK's Blenrep treatment accepted for review by FDA
Pharma titan GSK has announced that US regulators have accepted for review Blenrep combinations for the treatment of relapsed or refractory multiple myeloma.
London open: Stocks rise as investors welcome Trump’s Treasury Secretary appointment
London stocks rose in early trade on Monday as investors welcomed US President-elect Donald Trump’s decision to appoint billionaire fund manager Scott Bessent as Treasury Secretary.
AstraZeneca reports positive results from prostate cancer trial
AstraZeneca announced positive results from a phase three prostate cancer trial on Monday, reporting that its AKT inhibitor ‘Truqap’, or capivasertib, in combination with abiraterone and androgen deprivation therapy (ADT), significantly improved radiographic progression-free survival (rPFS) in patients with PTEN-deficient metastatic hormone-sensitive prostate cancer (mHSPC).
IHG to provide Chase credit cards to US loyalty members
Hotels group InterContinental has signed a new agreement with JPMorgan Chase Bank to launch new co-branded credit cards to its IHG One Rewards scheme members in the US.
Rentokil appoints Paul Edgecliffe-Johnson as CFO
Rentokil Initial said on Monday that it has appointed Paul Edgecliffe-Johnson as chief financial officer with effect from 1 January 2025.