The Financial Reporting Council (FRC) launched an investigation into KPMG on Monday, over its audit of Entain’s 2022 financial statements.
European markets opened higher as the world braced itself for the inauguration of Donald Trump as US President, with investors waiting to see whether he will follow up with his threat to impose large tariffs, among other economic policies.
Shares in Reach were rising on Monday morning, after it reported strong fourth-quarter trading leading it to expect full-year results ahead of current market expectations.
Citi upgraded National Grid to ‘buy’ from ‘neutral’ on Monday following a period of share price underperformance, mostly driven by macro factors and flows.
AstraZeneca announced on Monday that it has secured approval from the US Food and Drug Administration, alongside Daiichi Sankyo, for ‘Datroway’, or datopotamab deruxtecan, a treatment for adult patients with previously treated, unresectable or metastatic hormone receptor-positive, HER2-negative breast cancer.
London stocks nudged higher in early trade on Monday, having a hit record high at the end of last week, as investors mulled the latest house price data from Rightmove and awaited Donald Trump’s inauguration as the 47th US president.
The average price of a property coming to market in January rose by 1. 7% to £366,189 - the largest increase in prices at the start of the year since 2020, according to Rightmove.
London stocks were set to fall at the open on Monday, having a hit record high on Friday, as investors mulled the latest house price data and looked ahead to key UK jobs figures.
London open The FTSE 100 is expected to open 17 points lower on Monday, having closed down 1. 35% on Friday at 8,505. 22.
TikTok said on Sunday that it was restoring services in the US after Donald Trump pledged earlier in the day to give the video app a reprieve on its US ban. Trump wrote on Truth Social that after taking office on Monday he would sign an executive order allowing the Chinese-owned video app additional time to find a buyer before facing a total shutdown, and proposing that the US or an American firm take a 50% ownership stake. – Guardian.