Latest News
Tuesday preview: UK Supreme Court, Middle East tensions in the spotlight
The focus on Tuesday will be on the UK Supreme Court's ruling on the Prime Minister's decision to prorogue Parliament for five weeks and allegations that he misled the Queen by asking her for permission to suspend the Chamber without explaining that his intent was to impede further debate on Brexit.
US close: Dow snaps eight-day winning streak following drone strikes in Saudi Arabia
Wall Street stocks closed weaker on Monday after an attack on a Saudi Arabian oilfield and the country's key processing facility sparked fears that a surge in crude prices could add to the slowdown in the global economy.
Europe close: Shares drop as Mideast tensions and oil prices spike
Stocks finished moderately lower at the start of the week as investors tried to assess the scope for further mischief in the Middle East following drone or cruise missile attacks at the weekend that more than halved oil output from Saudi Arabia, one of the world's largest producers.
Europe midday: Stocks dip as crude futures surge after attack on Saudi
Stocks are holding modestly lower as investors try and assess the scope for further mischief in the Middle East following drone attacks at the weekend that more than halved oil output from Saudi Arabia, one of the world's largest producers and exporters.
Airbus shares fall after WTO reportedly sides with Trump in trade dispute
Airbus stock fell as much as 4% on Monday following reports that the World Trade Organisation had taken the US side in a ruling over alleged unfair subsidies for the plane maker.
Facebook and JP Morgan face global regulators to discuss cryptocurrencies
Representatives from Facebook and JP Morgan met with global central bank officials on Monday to discuss the development of the new Facebook cryptocurrency Libra and JPM coins.
London close: Risk rally interrupted by surge in Mideast tensions
London stocks finished lower on Monday following an attack on key Saudi Arabian oil installations at the weekend that cut the Kingdom's crude oil output by half, dealing a blow to the previous week's incipient recovery in risk appetite in financial markets on the back of an apparent easing in US-China trade tensions.
TP ICAP acquires compression service ClearCompress
Interdealer broker TP ICAP acquired algorithm-based, light-touch compression service ClearCompress for £750,000 on Monday.
Volkswagen agrees to settlement over emissions manipulation in Australia
Carmaker Volkswagen has agreed to pay A$127m as part of a settlement with thousands customers affected by its manipulation of the emissions of its diesel vehicles in Australia.
Broker tips: AstraZeneca, Synthomer
JP Morgan has reiterated its ‘overweight’ rating on AstraZeneca, arguing that it has the strongest growth outlook of all the European drugs majors.
Betfred underpaid staff for overtime work
Betting firm Betfred underpaid staff for working overtime and failed to let them know that they could be owed money once the problem was discovered.
Director dealings: BT CEO ups stake
BT Group revealed on Monday that chief executive Philip Jansen had acquired 584,000 ordinary shares in the FTSE 100-listed telecommunications giant.
Thomas Cook shares sink amid speculation over imminent collapse
Embattled tour operator Thomas Cook was under the cosh on Monday amid speculation that it's on the verge of collapse.
FTSE 250 movers: Energy shares gush higher on rising oil prices; Wizz flies lower
London's FTSE 250 was down 0. 8% at 20,037. 24 in afternoon trade on Monday amid heightened geopolitical tensions.
Peel Hunt lowers target price on Synthomer ahead of OMNOVA acquisition
Analysts at Peel Hunt trimmed their target price for shares of British chemicals firm Synthomer from 450p to 435p on Monday, noting that opportunities stemming from its proposed acquisition of OMNOVA Solutions should offset weak European demand.
US open: Stocks head south as oil prices surge
Wall Street stocks opened weaker on Monday after an attack on a Saudi Arabian oilfield and the country's key processing facility sparked fears that a surge in crude prices could add to the slowdown in the global economy.
JP Morgan applauds AstraZeneca's growth outlook
JP Morgan has reiterated its ‘overweight’ rating on AstraZeneca, arguing that it has the strongest growth outlook of all the European drugs majors.
Saudi-led coalition says Iranian weapons used in attack against oil installations
The spokesman of the Saudi-led coalition in Yemen, Turki Al-Maliki, said Iranian weapons were used in the strikes against the Kingdom's oil infrastructure at the weekend.
Energy Transfer to buy SemGroup for $1.35bn
US oil and gas pipeline company Energy Transfer has agreed to buy smaller rival SemGroup Corp for $1. 35bn.
FTSE 100 movers: BP and Shell rally on oil price spike; Carnival cruises lower
London's FTSE 100 was down 0. 3% at 7,343. 87 in afternoon trade on Monday, with energy shares bucking the trend.