Market Pulse
PBoC injects CNY 235bn into economy, lowers 14-day repo rate
The People’s Bank of China injected around CNY 234. 6bn (£25. 05bn) into the banking system on Monday - the first such infusion in months - as it lowered the 14-day reverse repurchase rate.
Oxford Metrics warns adjusted profits will be 'materially below' expectations
Software firm Oxford Metrics warned on Monday that full-year adjusted pre-tax profits were now expected to be "materially below" current market expectations as customers exercised greater caution.
BNP Paribas to buy HSBC’s private banking business in Germany
BNP Paribas said on Monday that it has agreed to buy HSBC’s private banking activities in Germany, as it looks to position its wealth management arm "among the top leading players in Germany" and bring its assets under management to more than €40bn.
German government to retain stake in Commerzbank
Shares in Commerzbank AG traded lower early on Monday after the German government announced that it would hold on to its 12% stake in the European banking giant, likely halting its proposed merger with Italian lender UniCredit.
Berenberg hikes Currys price target, shares rally
Berenberg lifted its price target on Currys on Monday to 125p from 92p as it pointed to confidence in both the growth outlook and improving cash generation.
London open: Stocks flat but Rightmove jumps as REA ups bid
London stocks were little changed in early trade on Monday as investors eyed a speech by Chancellor Rachel Reeves, but Rightmove popped higher after REA Group sweetened its takeover offer.
AstraZeneca breast cancer drug trial fails to improve overall survival
AstraZeneca updated the market on two ongoing drug trials on Monday, with a key trial in breast cancer failing to improve survival.
Galliford Try appointed to Wessex Water AMP8 framework
Construction group Galliford Try said on Monday that its Environment business has been appointed to two lots on the new Wessex Water Capital Delivery Framework, part of the AMP8 delivery period.
4Global expands partnership with US Soccer
Sports, fitness and wellness data and technology specialist 4Global announced a significant expansion of its partnership with US Soccer on Monday.
Apollo to offer up to $5bn investment in Intel - report
Apollo Global Management has reportedly offered to make a multibillion-dollar investment in Intel in a move that would be a vote of confidence in the chipmaker’s turnaround strategy.
London pre-open: Stocks seen up after Friday's losses
London stocks were set to rise at the open on Monday following heavy losses at the end of last week.
Monday newspaper round-up: Pubs, petrol prices, passive funds
Fifty pubs a month closed for good across England and Wales in the first half of this year, with experts warning that tax rises in 2025 could make it even harder for some businesses to keep their doors open. Analysis by the real estate intelligence company Altus found that 305 pubs were forced to shut their doors permanently in the first six months of the year, meaning the number of pubs in England and Wales fell to 39,096 at the end of June. – Guardian.