Market Report
Commodities: WTI, natural gas futures clobbered
Commodity prices slumped with energy futures pacing losses amid reports of an unexpected build in US oil stocks, forecasts for warmer-than-usual temperatures, concerns around the outlook for demand as well as for the Greenback.
Bonds: Yields extend shift lower ahead of Fed decision, investors cautious
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Europe close: Stockmarkets track losses in the US
Stocks on the Continent came under renewed selling pressure on Monday as investors digested the heavy losses seen on Wall Street during the previous Friday amid a weakish start to the trading session in the US.
London close: Retailers crash, PM dubs second referendum "betrayal'
London stocks fell into the red on Monday, with retailers pacing the decline as a shock profit warning from Asos suggested that online players were not immune to the struggles of their bricks-and-mortar rivals.
China and US go head-to-head at WTO meeting
The US and China sparred again over their respective trade policies at a World Trade Organisation meeting in Geneva at the start of the week.
Mass restaurant closures in UK as consumers tighten belts
Restaurant closures are hitting “epidemic levels” in the UK as Brexit uncertainty, a rise in business rates and the rise of street food weigh on consumer spend on food.
Barclays reiterates 'equal weight' on Reach following impressive end of year
Analysts at Barclays reiterated their 'equal weight' rating on British newspaper, magazine and digital publisher Reach on Monday, highlighting the firm's "impressive end to the year".
FTSE 250 movers: Retailers unravel after ASOS warning sends shockwaves
London's FTSE 250 was down 1. 40% at 17,420. 44 in afternoon trade on Monday, as ASOS's shock profit warning signalled that not even online retailers are safe and sent contemporaries spiralling lower.
Director dealings: Outgoing GVC CFO ups stake
Outgoing GVC Holdings chief financial officer Paul Bowtell purchased 100,000 ordinary shares in the FTSE 100-listed gambling outfit.
FTSE 100 movers: John Wood and retailers lead decline
The FTSE 100 index fell 0. 9% to 6,782. 88 on Monday, led lower by a band of retailers and an oil engineer.
US open: Dow Jones extends worst December opening in 38 years with early losses
US stocks turned south at the open on Monday as investors eyed the latest policy announcement from the Federal Reserve due later this week amid expectations of a 25 basis points rate hike.
Springfield Properties eyes interim dividend following strong start to trading year
AIM-listed house builder Springfield Properties has seen continued good progress in the first half of its trading year and now expects revenue and profit growth to be in line with management expectations.
Concepta successfully launches 'myLotus' in the UK
Healthcare company Concepta told the market of the successful launch in the UK of its ‘myLotus’ product for women's fertility on Monday.
Duke Royalty pours another £1m into Brownhills
Alternative capital solutions provider Duke Royalty announced a further contribution of £1m into its royalty partner Brownhills on Monday.
Cazenove hikes Micro Focus target over big SUSE windfall
JP Morgan Cazenove upped its target price on Micro Focus on Monday to reflect the cash inflow from the $2. 54bn disposal of the SUSE business segment.
Total Produce's Dole investment sells salad subsidiaries
Total Produce announced on Monday that its Dole Food Company investment has entered into an agreement to sell both Saba Fresh Cuts AB and Saba Fresh Cuts OY to BAMA International, which is headquartered in Oslo, Norway.
Urals Energy oil subsidiary inexplicably buys unseaworthy passenger ship
Exploration and production outfit Urals Energy has been made aware of an irregular transaction made by one of its oil subsidiaries.
Physiomics collaboration with Merck to last another year
Physiomics announced on Monday that, following a successful collaboration and pursuant to the master services agreement signed with US pharmaceuticals giant Merck in November last year, it had agreed with a programme of work for the next calendar year.
Fusion Antibodies launches new 'RAMP' platform
Pharmaceutical contract research organisation Fusion Antibodies launched its new ‘Rational Affinity Maturation Platform’ (RAMP) at the Antibody Engineering Conference in San Diego last week, it announced on Monday.
Empire State index retreats unexpectedly in December
Manufacturing sector conditions in the state of New York and northern New Jersey worsened unexpectedly at the end of the year, according to one of the most widely-followed surveys for the sector.