Market Pulse
Saipem gains on Nord Stream 2 hopes
Italian oil and gas industry contractor Saipem was a high riser on Monday following reports that it could be involved in the Russian Nord Stream 2 pipeline project.
South Africa's Zuma says sacking of minister not behind crash in rand
An exodus of Japanese investors triggered a 'flash crash' in the South African rand on Monday, analysts said.
Xchanging calls on shareholders to back CSC offer
Xchanging called on its shareholders to accept an offer from Computer Sciences Corporation, as it pointed out that a superior offer from Ebix Inc was unlikely to materialise.
Asda setting out "cautious expectations", says Shore Capital
As supermarkets prepare to report on the festive trading season this week, Shore Capital believes Asda’s warning for the year is setting out “cautious expectations” in what could be a better year for the sector.
London open: Stocks gain on China stimulus hopes
UK equities climbed on Monday as investors shrugged off another negative session in Asia.
Europe open: Stocks shrug off China weakness to edge higher
European equity markets edged higher in early trade, shaking off a weaker start and losses in Asia, as investors stepped in to pick up some stocks that were battered last week, despite ongoing concerns about the Chinese economy.
Telit Communications expects 13.4% jump in full-year revenue
Telit Communications has seen a 13. 4% increase in revenue for the year to approximately $333. 5m (£229. 2m).
Skyepharma 2015 revenue to be ahead of expectations
Skyepharma said on Monday that its full year revenues for 2015 are likely to be ahead of previous expectations thanks to a milestone payment.
Calm initial reaction in Footsie to rout in Chinese stocks, yen weakens
UK stocks kicked off the week with only a slight move lower despite another day of sharp losses in China's main stockmarkets and another large drop in oil futures.
Robert Walters posts rise in net fee income
Recruitment and HR outsourcing specialist Robert Walters posted a jump in group net fee income for the fourth quarter although it highlighted a slowdown in the UK permanent market.
London pre-open: Spike in Hong Kong rates sends Chinese stocks lower
News of another unexpected move by Chinese authorities in the offshore yuan market trigerred a spike in the interest paid on loans by banks through Hong Kong's, possibly contributing to another downdraft in the country's stockmarkets on Monday, is expected to weigh on the Footsie at the start of the session.
Monday newspaper round-up: China, AB Inbev, Supermarkets
China has opened a new front in its war to curb currency depreciation by buying up renminbi offshore, foiling the burgeoning carry trade and driving the cost of borrowing to a record high. The overnight CNH Hibor, a daily benchmark for offshore renminbi interbank lending, hit a record-high 13. 4% on Monday, up from 4% on Friday and the highest level since the benchmark was launched in 2013. The one-week rate surged from 7. 1% to 11. 2%. - Financial Times.