Market Report
US close: Stocks touch weaker as investors pause for breath; oil drops
US stocks ended a touch weaker on Monday as investors paused for breath after indices hit record highs last week, with oil prices under the cosh.
London close: FTSE traipses lower as sterling gains on poll ahead of UK vote
London stocks traipsed lower on Monday as sterling gained, with Wall St following suit, as UK investors took a cautious tone ahead of the general election on Thursday and after the weekend's terror attack on the UK capital.
FX round-up: Sterling rises as election nears, poll noise ratchets up
Sterling was overall stronger on Monday as the UK general election nears and poll noise ratchets up on what the possible outcome of the ballot on Thursday might be.
Europe close: Stocks end lower amid geopolitical tensions
European stocks finished the session slightly lower as traders digested the latest geopolitical news, including the tragic events in London at the weekend, amid caution from some top-ranked strategists.
Airlines fly lower ahead of traffic stat updates
Shares in airlines flew lower on Monday due to concerns that there could be an extension on the ban on the carrying of laptops and tablet devices in the cabins of flights on certain routes, while rising terror concerns in Europe and Middle East tensions caused worries about leisure travel and oil prices.
Tuesday preview: FX traders eye opinion polls, AO World reports
Tuesday will see further opinion polls as the countdown to Thursday's UK general election rolls over, while some second-line macroeconomic and company diary items keep investors ticking over.
7digital launching 'high-resolution' music streaming service
Digital music solutions provider 7digital confirmed it would power a forthcoming high-resolution streaming service from the founders of HDtracks, it said on Monday.
Commodities: Crude sinks as Saudi et al cut diplomatic ties with Qatar
Crude-oil futures rounded lower on Monday as traders already nervy about Opec's extended output curbs took fright at four Middle East countries today cutting diplomatic ties with Qatar.
Time Out Group buys out Australian licensee
Global media and entertainment business Time Out Group announced the acquisition of its Australian licensing partner Print and Digital Publishing, which runs Time Out in five cities in Australia.
UK car sales skid lower though electric cars rebound
UK car sales tanked in May and while the industry expects overall sales to remain strong over 2017 as a whole, some experts disagree.
UK election now 'the biggest event risk' for FX markets - Citi
The UK election having become "the biggest event risk for FX markets in the space of a week", said Citi currency strategists on Monday.
Plexus enters into four year contract with Maersk Oil
Oil and gas engineering and services business, and owner of the proprietary POS-GRIP function-frip method of wellhead engineering Plexus Holdings, announced on Monday that it entered into a new four-year contract with Maersk Oil North Sea UK for the provision of wellhead, mudline suspension systems and associated services.
Qatar equities quake as Arab League states sever diplomatic ties
Qatar's stock market suffered its largest fall in almost a decade after Saudi Arabia led other Gulf states including United Arab Emirates and Egypt in cutting diplomatic ties, purportedly over protecting themselves from "terrorism and extremism".
Osirium named a 'Cool Vendor' by Gartner
UK-based cyber security software provider Osirium Technologies announced on Monday that it had been included in the list of ‘cool vendors’ in the Cool Vendors in Identity and Fraud Management 2017 report by Gartner.
US ISM service sector gauge slips in May, but hiring rebounds sharply
Services sector activity in the States slowed a bit last month amid large drops in new orders and those for export, the results of a widely-followed survey revealed, but a big jump in a gauge of employment caught the eye of some economists.
US open: Stocks flat amid mixed data
The main market averages are little changed following the release of mixed economic data.
Smart home market 'worth billions' to energy companies, but beware blockchain
In their battle against price caps and as they search for new areas of growth, energy companies could be on the verge of tapping into a huge source of new revenue by accessing the 'smart home' market.
HSBC cuts short-term forecasts for Brent, but still sees higher prices ahead
HSBC cut its short-term forecasts for the price of oil even as it cautioned that it still expected to see a "significant" tightening in the market and higher prices over the medium-term.
RedstoneConnect continues trajectory of 'substantial' progress
Smart buildings and commercial spaces technology and services provider RedstoneConnect was holding its annual general meeting on Monday, where non-executive chairman Frank Beechinor told investors that 2016 was a year of “substantial progress” as the company completed a restructure and set out a new strategy.
Yolo Leisure investee firm completes major funding round
Yolo Leisure and Technology updated the market on “significant developments” at its investee home entertainment technology company Magic Media Works on Monday.