Headline News
Maersk no longer interested in bidding for DB Schenker
Shipping giant Maersk rallied on Monday after saying it was no longer interested in bidding for DB Schenker, the logistics unit of Deutsche Bahn.
ISM manufacturing PMI fails to pick up as expected in June
Factory sector activity in the US slowed a tad further last month, amid multiple reports of fewer orders or softer demand from various subsectors, the results of a closely followed survey showed.
Meta accused of breaching EU rules with new ad model
Facebook's parent company, Meta, was facing allegations from European Union regulators of breaching the bloc's strict competition rules on Monday, through its ad-supported subscription service introduced for Facebook and Instagram in Europe last year.
Chewy shares surge as Roaring Kitty takes 6.6% stake
Chewy shares surged in pre-market trade on Monday after it emerged that meme stock trader Roaring Kitty has taken a 6. 6% stake in the company.
Boeing to buy Spirit Aerosystems in $4.7bn deal
Boeing said on Monday that it has agreed to buy Spirit AeroSystems in a $4. 7bn all-share deal.
UK mortgage approvals dip in May
UK mortgage approvals dipped in May as higher mortgage rates continued to take their toll, according to data released on Monday by the Bank of England.
UK manufacturing growth slows in June
Growth in the UK manufacturing sector slowed slightly in June, according to a survey released on Monday.
AstraZeneca endometrial cancer treatment recommended for EU approval
AstraZeneca announced on Monday that ‘Imfinzi’, or durvalumab, and ‘Lynparza’, or olaparib, have received a recommendation for approval in the European Union (EU) as treatments for primary advanced or recurrent endometrial cancer in patients with specific genetic profiles.
UK house price growth broadly stable in June - Nationwide
UK house price growth was broadly stable in June, according to data released on Monday by Nationwide.