Market Pulse
London midday: Stocks and sterling slip further as Brexit result sinks in
London stocks continued to tumble after Britain's decision to leave the European Union last week, with the market largely ignoring attempts to reassure the market by George Osborne.
Shanta Gold starts underground development at New Luika
East Africa-focused gold producer Shanta Gold said on Monday that its New Luika gold mine has received all requisite approvals for its underground project and the decline development has kicked off.
Yield on 10-year Gilts drops below 1.0% for first time ever
The yield on the benchmark 10-year Gilt dropped below 1. 0% for the first time ever as markets continued to adjust to the new risk scenario following Brexit.
Mortgage lending resilient in May but likely to fall post referendum - CML
Mortgage lending remained resilient in May as banks and building societies lent more than in April and than in May last year.
One Media IP's first-half profits fall
Half-year profits fell at One Media IP, but the digital content and intellectual property provider hopes to reposition its core music business and invest in TV.
Credit Suisse sees rising odds of Brexit 'lite', lowers year-end Footsie target
Credit Suisse marked down its year-end target for the Footsie but was not overly pessimistic, emphasising that it saw rising odds of a 'Brexit lite', versus a hard Brexit which would include invoking Article 50 of the Lisbon Treaty, although in the opinion of its analysts there was now a heightened risk of another Scottish referendum.
Renminbi moved to its weakest level in six years
Renminbi fell to its weakest level against the US dollar since late 2010 on Monday, after the People’s Bank of China weakened its onshore rate by the biggest margin since the one-off devaluation last August in the wake of Shanghai’s summer crash.
Europe midday: Stocks, sterling extend losses on Brexit worries
European stocks extended their losses on Monday, while the pound fell to a fresh 31-year low and gilts rallied, as investors tried to gauge the impact of the UK’s decision to leave the European Union.
Aston Martin losses widen amid turnaround plan
Losses widened at Aston Martin in 2015, the luxury carmaker reported on Monday, with post-tax losses of £107m up from £64. 8m a year earlier.
US pre-open: Stocks set for downbeat open as Brexit weighs
Stocks on Wall Street looked set for a weaker open on Monday as the UK’s vote to the leave the European Union continued to weigh on investors’ minds.
Regulator launches probe into PwC's audit of BHS
The Financial Reporting Council said on Monday that it has launched an investigation into PricewaterhouseCoopers’ audit of collapsed British retailer BHS.
RBS and Barclays share trading halts after falls on Monday
Trading in Royal Bank of Scotland and Barclays shares was automatically halted in London on Monday morning on volatility after their share prices continued to crater.
Asia report: Markets begin post-Brexit bounce back
Major markets in Asia ended higher on Monday, in a turnaround from Friday’s global selloff after the UK surprised markets by choosing to leave the European Union.
London open: FTSE falls less than feared as Osborne backtracks on budget
London shares were down on Monday but not by as much as feared as the repercussions from Britain's referendum decision to split from the European Union continued to be debated, with George Osborne coming out of hiding to try and offer some reassurance.
RBS and Barclays share trading halts after falls on Monday
Trading in Royal Bank of Scotland and Barclays shares was halted in London on Monday morning on volatility after their share prices continued to crater.
Europe open: Stocks slip as Brexit woes continue to weigh
European stocks were in the red in early trade as investors tried to gauge the impact of the UK’s decision to leave the European Union, although losses were significantly less pronounced than they had been on Friday.
Brexit gives FairFX a record week
Low-cost currency provider and fintech company FairFX announced on Monday that it delivered a record week in terms of KPIs during the final stages of the EU referendum, with revenue up 30% on the previous record week achieved in July 2015 and up over 50% on the same week in June 2015.
BHP Billiton to spend $900m on exploration next year
BHP Billiton said on Monday that it plans to spend around $900, or 18% of its overall capital budget on exploration next financial year.
Domino's Pizza Group completes share split
Domino’s Pizza Group confirmed on Monday that the subdivision of each of its ordinary shares of 1. 5625p each into three new ordinary shares of 25/48ths of a penny each has become effective, and that the official list has been amended to reflect it.
Foxtons tumbles on Brexit-related profit warning
Estate agent Foxtons warned on Monday that full-year revenue and adjusted earnings will be “significantly lower” than the previous year due to uncertainty caused by the EU referendum.