Market Report
Europe midday: Shares in lacklustre mood ahead of Nvidia earnings
European shares were in lacklustre mood as investors mulled US President Joe Biden’s decision to lift a ban on Ukraine using American-made long-range missiles to strike Russia.
Polar Capital reports solid first half
Polar Capital reported a strong first-half financial performance on Monday, driven by a 4% increase in assets under management (AuM) to £22. 7bn, up from £21. 9bn at the end of March.
London midday: Stocks touch higher as investors eye Nvidia, UK inflation
London stocks were just a touch firmer by midday on Monday as investors mulled the latest house price research from Rightmove and looked ahead to earnings from Nvidia and the latest UK inflation reading this week.
Tesla shares surge as Trump looks to establish Federal framework for fully self-driving cars
Shares in electric carmaker Tesla surged ahead of the bell on Monday following news that president-elect Donald Trump would look to establish a federal framework for fully self-driving vehicles and make it the Department of Transportation's priority number one.
Asia report: Markets mixed ahead of key regional data
Markets across the Asia-Pacific region posted mixed performances on Monday as investors braced for a week of critical economic data.
HSBC to sack hundreds of managers in shake-up - report
HSBC Holdings has reportedly asked hundreds of managers to reapply for jobs in the firm’s newly-formed corporate and institutional banking division as chief executive Georges Elhedery continues his hunt for ways to make the bank run more efficiently.
MediaZest completes installation of 'proof of concept' project
Audio-visual solutions provider MediaZest said on Monday that it has completed installation for an initial "proof of concept" project to supply digital currency boards in 50 UK Post Office branches.
TruFin turns EBITDA positive, FY revenues surge
Financial services firm TruFin said on Monday that full-year revenues were expected to be "significantly ahead of market expectations", driven by a "strong performance" from both the console and mobile divisions of Playstack.
Supermarket Income REIT acquires Sainsbury's in Huddersfield
Supermarket Income REIT has acquired a Sainsbury's omnichannel supermarket in Huddersfield for £49. 7m, it announced on Monday, representing a net initial yield of 7. 6%.
Petrofac extends forbearance deal on senior secured notes
Petrofac announced an extension of its forbearance agreement regarding the non-payment of interest coupons on its senior secured notes on Monday.
IQE launches strategic review as FY revenues set to be flat
IQE said on Monday that it was launching a strategic review of its assets and considering a sale of its Taiwanese division, as it warned that revenue for the full year was set to be flat amid "weak" consumer demand in end markets.
FDM says full year to be in line with expectations
FDM Group said on Monday that its full-year performance was set to be in line with its expectations, despite continuing market uncertainty.
Europe open: Shares subdued as investors mull Biden call on Ukraine weapons
European shares made a subdued start to the week as investors mulled US President Joe Biden’s decision to lift a ban on Ukraine using American-made long-range missiles to strike Russia.
Begbies Traynor delivers 'strong financial performance' in H1
Corporate restructuring firm Begbies Traynor said on Monday that it had delivered a "strong financial performance" throughout H1, with double-digit revenue and profit growth.
London open: Stocks edge up as investors mull Rightmove data
London stocks edged up in early trade on Monday as investors mulled the latest house price research from Rightmove and looked ahead to earnings from US tech giant Nvidia this week.
AstraZeneca's Tagrisso recommended for EU approval
Drugmaker AstraZeneca said on Monday that its Tagrisso asset had received a recommendation for EU approval on the back of LAURA Phase III trial results, which revealed it had extended median progression-free survival to more than three years.
Elementis CEO Waterman to step down
Elementis announced on Monday that its chief executive officer Paul Waterman would step down following nine years at the helm.
Melrose holds guidance, Halma announces purchase of Lamidey Noury Medical
London open The FTSE 100 is expected to open seven points higher on Monday, having closed down 0. 09% on Friday at 8,063. 61.
London pre-open: Stocks seen up; house price data in focus
London stocks were set to gain at the open on Monday as investors mulled the latest research from Rightmove.
Monday newspaper round-up: Energy bills, Black Friday, Lloyds Bank, Sephora
Household energy bills across Great Britain are set to rise at the start of next year, analysts predict, putting more pressure on household finances. Officially, the price cap for January-March 2025 will be set on Friday morning by regulator Ofgem, limiting what energy providers can charge in England, Scotland and Wales. – Guardian.