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Omnicom in mega-merger talks with Interpublic - reports
Two of the biggest global advertising players, Omnicom and Interpublic, are in discussions over a $30bn merger that would create the world’s largest advertising group, it emerged on Monday.
Gunsynd reports exploration progress at Bear-Twit
Gunsynd reported significant progress at its Bear-Twit VMS project in Canada on Monday, where recent analysis of historical data revealed extensive high-grade zinc mineralisation alongside promising new exploration targets.
Greatland pours first gold under its ownership at Telfer
Greatland Gold announced significant operational progress at its recently-acquired Telfer gold-copper mine in Western Australia on Monday.
Pantheon Resources losses widen as development continues
Pantheon Resources, an oil and gas developer focused on the Kodiak and Ahpun oil fields on Alaska's North Slope, reported a total comprehensive loss of $11. 6m for the year ended 30 June on Monday, widening from $4. 6m a year earlier, primarily due to non-cash items.
MaxCyte upgrades revenue guidance after operational review
Cell engineering technology specialist MaxCyte announced upgraded revenue guidance on Monday, following an operational review under its new chief executive officer Maher Masoud.
Foresight extends share buyback by £5m
Investment manager Foresight Group announced an extension of its share buyback programme on Monday, increasing the maximum amount by £5m to £15m.
Domino's Pizza outlines new profitability plan as Q4 trading picks up
Domino's Pizza Group, the UK master franchise of the American takeaway giant, on Monday announced a new "profitability and growth framework" with its franchise partners, that will see it invest an additional £3-4m per annum from next year.
China CPI fall indicates stimulus measures failing to have an impact
Chinese inflation fell to its lowest level in five months indicating that recent stimulus measures from the government had failed to stimulate demand in the world’s second-biggest economy.
London pre-open: Stocks to edge up; central bank announcements eyed
London stocks were set to edge up at the open on Monday as investors eyed a week packed with central bank policy announcements.
IP Group ups buyback after sale of nine minority holdings
Early-stage science investor IP Group plans to increase its share buyback plan after raising £15m from the sale of minority holdings in several portfolio companies.
FDA to look at data for new use of GSK's Nucala, Foresight Group extends buyback
London open The FTSE 100 is expected to open eight points higher on Monday, having closed down 0. 49% on Friday at 8,308. 61.
Monday newspaper round-up: Job vacancies, Mike Ashley, John Lewis Partnership
Rachel Reeves plans to end the UK’s “fractious” post-Brexit accord with the EU, a relationship she said had been defined by “division and chaos”, by promising closer ties in the first speech by a UK chancellor to eurozone finance ministers since 2020. Reeves will say she wants to adopt a “business-like” approach through an “economic reset” with the EU, offering the goal of driving up trade and growth. – Guardian.
GSK says US agrees to look at data for new use of COPD drug
GSK said the US Food and Drug Administration has agreed to look at data from its MATINEE study to support the regulatory review process to obtain a new use of its Nucala drug as an add-on maintenance treatment for patients with chronic obstructive pulmonary disease (COPD).