Market Pulse
US close: Stocks end at record highs as oil rallies
US equity markets closed at record highs on Monday as surging oil prices boosted energy issues.
Meggitt´s Sir Nigel Rudd adds to stake
Meggitt´s non-executive chairman bought 1,450 more shares of the company at an individual price of 454p, taking his stake to 122,000 shares or 0. 016% of the firm´s issued share capital.
Sector movers: Miners and Big Oil lead advance, Goldman bullish
Commodity prices jumped at the start of the week, with crude oil futures climbing to three-week highs while copper futures bounced back after a retreat in the previous week that saw them trim their year-to-date gain to 18%.
Citi becomes first global bank to be supervised by ECB after Brexit
American Citi bank has become the first global lender to be supervised by the European Central Bank since Britain voted to leave the European Union.
London close: Footsie little changed despite sharp gains in oil and copper futures
London´s top flight index eked out a small rise as the US dollar paused for breath amid big gains for key commodity markets.
Commodities: Crude bounds ahead on hopes of a November output cap by OPEC
Crude oil futures bounded ahead on Monday as traders hoped for OPEC to introduce a production cut when it next meets on 30 November, and as the US dollar retreated.
FX roundup: Sterling shrugs of Brexit concerns to zip ahead against US dollar
Sterling turned in a chipper performance on most major crosses, although the risk of renewed weakness as a result of Brexit continues to lurk in the background, especially as the market increasingly sees a US rate hike in December as a foregone conclusion.
Europe close: Stocks higher even as investors mull political risks
European stocks advanced as oil and metal prices continued rising and some analysts said the risk of political instability in Europe had weakened somewhat over the weekend, although others remained a tad wary.
Redburn sees TalkTalk ditching dividends
Talk Talk´s strategy of raising prices on a shrinking customer base was a poor proposition, even more so with growth in the overall market flat, analysts at Redburn said.
FTSE 250 movers: Gold, oil and metal stocks gain, Mitie falls
FTSE 250 index was down 0. 84% to 17,512. 14 in late afternoon trading.
FTSE 100 movers: Commodities climbers counterbalance weakness elsewhere
The FTSE 100 was skirting either side of the horizontal on Monday, as resurgent commodities stocks counterbalanced a broad decline elsewhere.
Goldman Sachs' Europe co-head Sherwood quits company
A Goldman Sachs executive tipped as a potential successor to current chief executive officer Lloyd Blankfein has quit his position as co-head of the bank's European operations.
Government spending has a role to play in fostering sustained growth, Fed´s Fischer says
Increased government spending might have a role to play in promoting sustained economic growth in the US, the central bank´s second-highest ranking decision-maker said.
US open: Stocks rise as oil prices surge, dollar slips
US equity markets opened higher on Monday as oil prices surged, but the dollar fell back against other major currencies.
Results round-up
As well as reporting a slide into losses in the first half and cutting its dividend, facilities management group Mitie said the second half should see an improvement but the full year turnout will still fall short of expectations.
Chamberlin remains positive despite closure of Leicester factory
Engineer Chamberlin said the trading outlook remains positive despite a closure of a factory, as it has invested in new machinery, there is growth in the ironmongery and lighting businesses, and it expects to benefit from the weak pound.
Asia close: Chinese shares hit 10-month high
Asia´s main stockmarket benchmarks were higher at the start of the week, but trading across the region as a whole ended on a mixed note, with several of the main bourses sporting losses by the closing bell.
Costain wins £113m National Grid contract
Construction and engineering group Costain has been awarded a contract worth £113m by National Grid to upgrade its Peterborough and Huntingdon compressor stations as part of the company’s Emissions Reduction Project.
China Africa Resources to raise £1m and become cash shell
China Africa Resources has proposed returning its sole investment to shareholders via a special dividend as new investors plan to transform the business into a cash shell focused on 'energy metal and minerals' with a discounted £1m fundraising.
Macom Technology to buy Applied Micro Circuits for $770m
Macom Technology Solutions has agreed to buy connectivity and computing solutions company Applied Micro Circuits Corp in a deal valued at around $770m.