Headline News
Sector movers: Stocks gain as investors stop chasing gains in tech
Shares in the FTSE 350 continued to rally back towards their all-time highs at the start of the week, as investors rotated back towards value shares while taking some profits in technology names following recent sharp gains in the space.
Hargreaves Lansdown investor questions fairness of takeover bid
Hargreaves Lansdown shareholder Lancaster Investment Management said on Monday that it remains "unconvinced" that a takeover offer by a consortium led by CVC Capital Partners is fair for all shareholders.
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.
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.
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.
German business sentiment deteriorates in June - Ifo
German business sentiment deteriorated in June, according to a survey released on Monday by the Ifo Institute.
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.
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.
PepsiCo agrees to waive bottling clause as Carlsberg pursues Britvic
Carlsberg confirmed on Monday that PepsiCo has agreed to waive the change of control clause in the bottling arrangements it has with Britvic, removing a potential challenge for the Danish brewer looking to buy the UK drinks company.
First time mortgage payments up 61% since last election - Rightmove
First-time buyers have seen mortgage payments soar by nearly two thirds since the last general election, industry research showed on Monday.