Market Report
Boohoo sells London office for £49.5m
Online fashion retailer Boohoo said on Monday that it has completed the sale of its London office, located on Great Pulteney Street, Soho, for £49. 5m in cash.
London open: Stocks fall as UK economy stagnates
London stocks fell in early trade on Monday as data showed the UK economy stalled in the third quarter.
Europe open: Shares lower despite US CPI data; Honda, Nissan start tie-up talks
European shares opened lower at the start of a shortened trading week ahead of Christmas, while traders digested news that Japanese auto giants Honda and Nissan had agreed to start talks on a merger.
Frasers to make fresh proposal after Boohoo shareholders reject Ashley
Frasers Group responded to the outcome of Boohoo’s Friday shareholder vote on Monday, after it saw the rejection of the proposed board appointments of Frasers’ Mike Ashley and restructuring expert Mike Lennon to the Boohoo board.
Petrofac enters into binding agreement with creditors on restructuring terms
Petrofac said it had entered into a binding agreement with key financial creditors on the terms of a comprehensive restructuring "to significantly strengthen the financial position of the group" and enable it to deliver its strategy.
NAHL Group in final discussions to sell Bush & Co
NAHL Group updated the market on the potential sale of Bush & Co, its critical care division, on Monday, confirming ongoing discussions with final bidders.
UK economy stagnates in third quarter
The UK economy stagnated in the third quarter of the year, according to figures released on Monday by the Office for National Statistics.
Aviva strikes deal to buy Direct Line, AstraZeneca gets EU approval for lung cancer treatment
London open The FTSE 100 is expected to open seven points lower on Monday, having closed down 0. 26% on Friday at 8,084. 61.
London pre-open: Stocks seen flat as investors mull UK GDP
London stocks were set for a steady open on Monday as investors mulled the latest UK GDP data in what was likely to be a fairly quiet session as we head towards the Christmas break.
Monday newspaper round-up: business activity, exporters, Donald Trump
British firms are predicting a sharp fall in business activity in the new year, in the latest economic snapshot to warn of an increasingly gloomy outlook for the UK in 2025. The growth indicator survey from the Confederation of British Industry (CBI) indicates firms are preparing to cut down on hiring and reduce output over the next three months. – Guardian.