Market Report
London midday: Stocks maintain gains amid easing trade tensions; Ocado rallies
London stocks were still in the green by midday on Monday amid easing trade tensions, while the pound was under pressure after disappointing UK growth figures.
Asia report: Markets climb as trade tensions ease
Asian markets were buoyant on Monday as global trade tensions eased following Washington's decision not to impose tariffs on Mexican imports, while China reported unexpected export growth in May.
US pre-open: Futures point to another solid session as Trump calls off Mexican tariffs
Wall Street stocks looked set to continue their recent rally on Monday, with futures pointing to gains at the open after the Dow enjoyed its best week since November last week.
Ocado makes £17m investment in vertical farming industry
Ocado shares rallied on Monday after the online grocer said it was making a £17m investment in the vertical farming industry.
Scapa CEO agrees to stay on as ConvaTec spat heats up
Healthcare and industrials company Scapa on Monday said chief executive Heejae Chae had agreed to reverse his decision to step down from the group.
UK economy contracts 0.4% in April as car production slumps
The UK economy shrank more than expected in April as car production tumbled, according to data released by the Office for National Statistics.
Thomas Cook shares soar on Fosun bid hopes
Shares in debt-stricken leisure travel group Thomas Cook soared on Monday as the company confirmed a takeover approach by China's Fosun Tourism Group for its tour operator business.
Moss Bros rallies as Gatemore Capital takes 9.6% stake
Shares in Moss Bros rallied on Monday as it emerged that Gatemore Capital Management has taken a 9. 57% stake in the menswear specialist.
Woodford looks to reassure, HgCapital plans £80m placing
London open The FTSE 100 was called to open 32 points higher at 7,332.
Monday newspaper round-up: Johnson tax promise, Allied Minds, small businesses
The government has been taken to task by its own MPs for sending billions of pounds overseas to help build power plants that burn fossil fuels while claiming a climate victory on home soil. The environmental audit committee said the UK is sabotaging its climate credentials by paying out “unacceptably high” fossil fuel subsidies to developing nations, while claiming to lead world in tackling the climate crisis. It called on ministers to stop by 2021 using taxpayer funds to lock poorer nations into a fossil fuel future.
London open: shares make bright start on easing trade tensions, Thomas Cook buyout
London stocks made a bright start to a damp week as they opened higher on Monday on the back of easing trade tensions and strong closes on Asian markets.
London pre-open: Stocks to rise as trade tensions ease
London stocks were set to open higher on Monday amid easing trade tensions.