Market Report
FX round-up: Sterling thrashed on political worries, ahead of Brexit talks
Sterling was soundly thrashed on Monday as faithless traders sold the British unit on political worries and ahead of Brexit talks beginning next week and central-bank rate calls by the US and UK on Wednesday and Thursday.
Europe close: Stocks end near worst levels as tech weakness continues
Stocks finished near their worst levels of the session as European tech issues were dragged lower by losses among their US peers, despite positive developments on the political front in France and Italy at the weekend.
London close: FTSE losses limited by sterling softness
London stocks finished lower against a backdrop of falling equities in the US and Europe, with a softer sterling helping limit some losses as investors continue to evaluate the new UK political landscape in the cold, hard light of day.
Tuesday preview: CPI inflation expected to soften, Ashtead reports
While Theresa May continues talks with her potential Northern Irish kingmakers, inflation data will be published on Tuesday that is expected to be largely unchanged, while a few companies report results including Ashtead, Crest Nicholson and Halma.
Tanzania accuses Acacia Mining of 'mining illegally', not declaring gold exports
Acacia Mining has been accused of operating in Tanzania illegally, as a second presidential mining committee alleged the company had been understating its level of exports for several years to avoid "tens of billions of US dollars".
Kromek radiation detector deployed during Trump trip
Radiation detection technology company Kromek confirmed on Monday that its next generation standalone radiation detector, D3S-ID, was deployed by European Commission Counter Terrorism Unit of Directorate General for Home Affairs in Brussels recently.
NAHL relaunching National Accident Helpline brand
UK consumer marketing business with a focus on legal services, NAHL, unveiled a brand relaunch for the group's personal injury division, National Accident Helpline (NAH), on Monday.
Big Sofa Tech becomes approved partner to US consumer goods firm
Video analytics technology company Big Sofa Technologies announced on Monday that it had been approved as a 'Global Systems Partner' to provide video research and technology services to “one of the world's largest” consumer goods corporations, headquartered in the US, which remained unnamed.
President Energy appoints ENVOI for Paraguay farm-outs
Upstream oil and gas company President Energy announced on Monday that it had appointed the specialist global oil and gas adviser ENVOI to support the prospective farm-outs of its Paraguay interests, alongside the publication of an updated management estimate of prospective resources.
Tech stocks fall again on Wall Street after Friday hammering
US tech shares were seen lower again on Monday after having dropped 2. 4% last Friday, wiping $140bn off some of Wall Street's biggest stocks.
US open: Wall Street dips as selling in tech carries over
Wall Street's main market gauges were slightly lower at the start of the week on follow-through selling in the tech space.
Commodities: Oil gets a boost as Qatar affirms adherence to Opec output cuts
Crude-oil prices got a boost higher after Qatar affirmed it would continue with its share of Opec oil production cuts.
General Electric CEO Immelt to step down
US industrial conglomerate General Electric will have a new CEO in August, as current boss Jeffrey Immelt is set to step down after 16 years in charge.
Broker tips: HSBC, TalkTalk, BP
Investec downgraded its recommendation on HSBC stock to 'sell', telling clients that prospects for a "substantial" share buy-back were already in the price and its valuation was now stretched.
Investec downgrades HSBC to 'sell'
Investec downgraded its recommendation on HSBC stock to 'sell', telling clients that prospects for a "substantial" share buy-back were already in the price and its valuation was now stretched.
Sirius Petroleum in talks with BP over offtake and pre-payment facility
AIM-listed Sirius Petroleum confirmed on Monday that it is currently in discussions with BP regarding an offtake and pre-payment facility to support the financing of its proposed drilling programme on the Ororo Field in Nigeria.
JP Morgan hails BP's best-in-class cash break-evens
Analysts at JP Morgan reiterated their 'overweight' stance on shares of BP despite their "cautious" outlook for the price of oil.
Reckitt Benckiser gets final approval for Mead Johnson acquisition
Consumer goods giant Reckitt Benckiser has received final regulatory approval for its recommended acquisition of Mead Johnson Nutrition.
FTSE 250 movers: Mitie up after final results; Acacia loses its shine
London's FTSE 250 index was down 0. 5% to 19,676. 22 in afternoon trade as investors keep a close eye on political developments in light of last week's hung parliament.
FTSE 100 movers: Tesco up ahead of Q1 update; Micro Focus hit by US weakness
London's FTSE 100 index was off 0. 1% to 7,521. 51 in afternoon trade as investors grew increasingly nervous about political instability following last week's election result.