Market Pulse
Commodities: Oil prices fall on strong dollar, oversupply concerns
Oil prices were under pressure on Monday as concerns on the global oversupply and a stronger dollar weighed.
Speedy Hire shareholder Toscafund calls for head of chairman Åstrand
Speedy Hire's biggest shareholder has called for an emergency shareholder meeting to remove "indecisive" executive chairman Jan Åstrand.
High-flying Ericsson boss Hans Vestberg shown the door
Ericsson chief executive Hans Vestberg was shown the door at the Swedish telecoms technology giant on Monday, after major shareholders finally got their wish to oust the boss.
Anglo American Platinum reports drop in H1 profit
Underlying earnings at Anglo American’s South African platinum division fell in the six months ended 30 June, partly on the back of lower metals prices.
Tuesday preview: Drax reports first half interims
Power generation company Drax Group is expected to report a decline in first half earnings on Tuesday, reflecting low power prices and regulatory challenges.
Ex-BT manager slams company over infrastructure investment
A former manager at BT slammed the listed telco over its approach to infrastructure investment on Monday, a day before Ofcom announces its plans for the company’s wholly-owned subsidiary Openreach, which has monopoly ownership of Britain’s telephone network.
Verizon Communications buys Yahoo for $4.8bn
Verizon Communications on Monday confirmed reports that it will buy Yahoo's operating business for $4. 8bn.
Manufacturing slowdown worsens post-Brexit to add to recession concerns
UK manufacturing output declined at a faster pace post the Brexit vote last month, the CBI Industrial Trends survey indicated on Monday, which also sent business optimism plunging at its fastest rate in seven years.
Europe midday: Stocks push higher as Ryanair, Ericsson rally
European stocks pushed higher on Monday, underpinned by a stronger-than-expected reading on German business confidence as investors sifted through more corporate news ahead of rate announcements by the Federal Reserve and the Bank of Japan later this week.
Ryanair profit up 4% in first quarter, maintains FY guidance
Low-cost carrier Ryanair flew higher on Monday after it posted a rise in first-quarter profit as traffic grew and maintained its full-year profit guidance, although the company warned of “significant risks” post Brexit.
Green, Chappell slammed for BHS collapse in report
Under-fire businessman Sir Philip Green was slammed by MPs on Monday, in a report that criticised him and others involved in the collapse of British Home Stores as being the “unacceptable face of capitalism”.
LVMH to sell Donna Karan to G-III in $650m deal
French luxury goods company LVMH Moet Hennessy Louis Vuitton said on Monday that it has agreed to sell Donna Karan International to US-based G-III Apparel Group in a $650m deal.
William Hill remains a 'sell' for Berenberg as deal hurdles loom
While William Hill shares have been whipped higher by Rank and 888's preliminary takeover approach, Berenberg believes the bid will be unsuccessful and maintained its 'sell' rating on the bookmaker.
US pre-open: Stocks seen flat ahead of busy week
US futures pointed to a broadly flat open on Wall Street ahead of a week that will see a number of key earnings releases and a rate decision by the Federal Reserve.
Petra Diamonds FY production, sales rise
In a trading update for the year ended 30 June, Petra Diamonds said revenue was up 1% to $430. 9m, mainly due to an increase in volumes sold, even as diamond prices fell 6% on the year.
Asia report: Markets mixed as Nintendo loses Pokemon sheen
Markets in Asia ended mixed on Monday, as the sheen came off Nintendo and traders kept an eye to upcoming central bank meetings in Japan and the US.
Rank and 888 turn tables in joint approach for William Hill
Rank Group and 888 Holdings have begun talks about a £3bn joint takeover approach for struggling high street bookmaker William Hill.
German business confidence stronger than expected in July
German business confidence for July came in stronger than expected, according to a widely-followed survey.
Image Scan receives significant order from Asia
Image Scan said on Monday that it has received a “significant” further order for its ThreatScan-LS1 portable X-ray system.
Europe open: Stocks little changed ahead of busy week; Ryanair flies higher
European stocks were little changed in early trade as investors sifted through more corporate news ahead of rate announcements by the Federal Reserve and the Bank of Japan later this week.