Market Pulse
US close: Banks lower, Valeant plunges
Wall Street ended the session lower weighed down by bank stocks and as traders took some money 'off the table' ahead of next week´s monthly non-farm payrolls report.
Channel 4 being weighed up by potential bidders
Channel 4 is being eyed up by a number of potential buyers as the government gears up for a sale, it was being reported over the weekend.
Third arrest made in connection with TalkTalk cyber attack
British police have made a third arrest in connection with the cyber attack against TalkTalk carried out last month.
Sunday newspaper round-up: Renminbi, GSK's pipeline, Brexit worry,
China’s currency, the renminbi, could be promoted to the International Monetary Fund’s list of global reserve currencies this week, sending an estimated $1trn (£650bn) of reserves flowing into the yuan. The momentous decision would give fresh impetus to Beijing's reform efforts, the Sunday Times said, though the decision would not take effect until next October. “Anything less than [full inclusion] would be a source of instability for the Chinese currency,” said David Lubin, head of emerging market economics at Citi.
French car data shows positive figures for Renault
There was good news for Renault on Sunday after French industry data revealed that the car-maker had delivered an improved performance in October, with sales up 2. 9%, driven by increased demand for the company's new models.
China to see 'mid to high level growth' for some time, says premier
China will continue to see "mid- to high-level growth" for some time yet, the country's premier said on Sunday.
Sunday share tips: BHP Billiton, Card Factory, Santa Rally stock-picks
Sell shares in BHP Billiton, said the Sunday Times’ Inside the City column. A recent $6. 5bn fundraising was arranged as a ‘hybrid’ issue as the company seeks to protect its A+ rating. The mining giant said it will use the cash for working capital and to pay down debt, but some view it as a means of preparing the company for a long winter of cheap commodities. However, prices have fallen even further since the money was raised and BHP’s dividend still looks in danger.
Metro Bank raises questions over whether it will go ahead with float
Metro Bank is reportedly questioning whether to go ahead with its plan to list on the stock market.
Bank of England to test security with simulation cyber attack
The Bank of England is planning to carry out an operation this week that will subject "dummy" banks to a simulated cyber computer attack to test their resilience in the face of a real event.
Insurance policies to cost families as much as £100 extra after tax increase
Insurance policies could cost families an extra £100 each year following the introduction of a new tax increase that came into force over the weekend.
C&C Group circling potential merger cast-offs
C&C Group, which makes Magners cider and Tennent's lager, is reportedly interested in a number of beers that will be sold off by SABMiller and AB InBev if a merger between the two goes ahead.
Chinese manufacturing data shows unexpected drop
Chinese manufacturing data has delivered an unexpected contraction, added to concerns that the country's growth is still slowing in the face of economic stimulus.
Nearly 2000 Vodafone customers at risk after personal details are accessed
Close to 2,000 Vodafone customers are thought to be at risk of fraud after it was discovered that their personal details have been accessed.
Greece banks need €14.4bn buffer in case of economic turndown, ECB says
Greece's four biggest banks need to plug a €14. 4bn (£10. 2bn) hole if the country is to get through another economic downturn, the European Central Bank (ECB) said over the weekend.
Almost six million people earn below living wage, study suggests
Nearly six million people in the UK do not get paid the living wage, a study by KPMG has indicated.