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London’s equity markets closed lower on Monday as investors kept a watchful eye on upcoming US jobs data, while gold prices surged to record highs.
London’s FTSE 100 was down 0.2% at 7,513.28 in afternoon trade on Monday.
William Hill owner 888 Holdings has reportedly rejected a £700m takeover approach by Playtech.
UK stocks ended slightly lower with miners and oil firms pacing losses amid U.S. dollar strength heading into a week of potentially market moving economic data.
JP Morgan has upgraded its rating for aerospace engineer Rolls-Royce from 'neutral' to 'overweight' and hiked its target price for the stock from 235p to 400p.
London equity markets were still in the red by midday on Monday, with miners and energy stocks weaker, as investors looked ahead to key US jobs data this week and as gold prices hit record highs.
ITM Power said in an update on Monday that from 1 April to the end of October, it achieved revenue of £7.5m, making for a promising trajectory towards its full-year guidance range of £10m to £18m.
All eyes this week will be on the U.S. non-farm payrolls report for the month of November.
The market spotlight on Tuesday would be on the global services sector with a spate of closely followed survey results due out around the world.
GB Group revealed on Monday that chief financial officer David Ward had acquired 10,000 ordinary shares in the AIM-listed identity verification and fraud prevention company.
London stocks fell in early trade on Monday following a downbeat session in Asia, as investors looked ahead to key US jobs data this week and as gold prices hit record highs.
Taiwan's Foxconn has reportedly halted production of Apple iPhones at its facility near the south Indian city of Chennai due to heavy rains.
London’s FTSE 250 was down 0.2% at 18,375.87in afternoon trade on Monday.
Security technology firm Spectra Systems said on Monday that it has entered into a conditional agreement to acquire security printing business Cartor for as much as £10.5m.
Manchester United and billionaire Sir Jim Ratcliffe are set to confirm a £1.25 billion deal next week, it was reported on Monday, with Ratcliffe set to take a 25% stake in the football club.
European stocks swung between gains and losses on Monday as investor risk appetite was scaled back with markets trading at their highest in four months.
Wall Street stocks were firmly in the red early on Monday after the blue-chip Dow Jones turned in its fifth-straight winning week.
Gold prices hit record highs on Monday, pushing past $2,100 an ounce amid expectations of rate cuts.
Roche has agreed to buy obesity drug developer Carmot, a privately-owned US company based in California, for up to $3.1bn.
Oilfield services firm Petrofac warned on Monday that it would fall short of meeting full-year cash targets after forward payments for multiple contracts failed to be received.
Thor Energy announced the successful completion of its reverse circulation drilling programme on Monday, revealing promising downhole uranium gamma results at the Wedding Bell and Radium Mountain Projects in the Uravan Mineral Belt of southwest Colorado.
The parent company of Thames Water has been warned by its auditors that it could run out of money by April if shareholders do not inject more cash into the debt-laden firm. In accounts signed off in July and published on the Companies House website last week, PricewaterhouseCoopers said there was “material uncertainty” about whether the main company behind the water supplier can continue as a going concern. – Guardian
Nevada-focussed mineral explorer and developer Golden Metal Resources reported significant high-grade copper, silver, and gold mineralisation on Monday, following laboratory assay testing conducted after the completion of ground exploration at its wholly-owned Garfield project in the state’s Walker Lane Mineral Belt.
Barclays upgraded DS Smith on Monday to ‘overweight’ from ‘equalweight’ and lifted the price target to 360p from 310p.
Contract research organisation Fusion Antibodies reported first-half revenue of £0.54m on Monday, down from £1.9m a year earlier.