Wall Street stocks closed higher on Monday as market participants cheered news that the US would be removing China from a list of currency manipulators ahead of the pair's "phase one" trade deal later in the week.
Wall Street stocks opened higher on Monday as market participants awaited the signing of the US and China's "phase one" trade deal later in the week.
Shares on the Continent were mostly lower on Monday amid a dearth of fresh catalysts for stocks, save for data showing that Britain's economy shrank in November amid the uncertainty around Brexit.
London stocks moved higher on Monday as sterling fell below $1. 30 amid growing rate cut expectations following the release of data showing that the UK economy grew at its weakest pace in seven years in November.
RBC Capital Markets downgraded its recommendation on Ted Baker on Monday as it took a look at premium apparel stocks.
NMC Health revealed on Monday that vice-chairman Khaleefa Butti Omair Yousif Ahmed Al Muhairi had disposed of 4. 64m ordinary shares in the UAE-based healthcare firm.
The focus on Tuesday will shift towards Asia, where China's customs administration is set to release foreign trade data for December.
Carmakers warned that they might stop sell polluting vehicles in the UK due to the hefty fines national targets to drastically cut CO2 emissions in the near future.
London’s FTSE 250 was up 0. 6% at 21,687. 83 in afternoon trade on Monday.
Analysts at Berenberg raised the target price on retailer JD Sports from 860. 0p to 950. 0p on Monday following another "impressive performance" against a challenging retail backdrop.
Caledonia Mining Corporation announced record quarterly gold production from the Blanket Mine in Zimbabwe for the quarter ended 31 December on Monday, reporting that approximately 16,876 ounces of gold were produced during the period, exceeding the previous production record of 16,425 ounces set in the final quarter of 2017.
David Calhoun, Boeing's new president and chief executive, assumed control of the troubled US aerospace manufacturer on Monday, as it emerged that his predecessor had left with more than $60m in compensation and pension benefits.
US intelligence sharing will not be at risk from Chinese spying even if the UK uses Huawei’s technology for development of the country's 5G network, said the head of MI5, Andrew Parker.
Specialist waste management company Augean updated the market on its trading on Monday, reporting that it had continued to be strong through the final quarter.
Internet of things-focussed investment company Tern announced on Monday that its portfolio company, InVMA, has secured an initial order commitment worth £0. 82m over a two-year period to provide its ‘AssetMinder’ solution to an unnamed global, multi-billion euro revenue supplier to the industrial and construction sectors.
The UK government should combat the next recession by investing as much as £50bn into green projects which would reboot the economy and help combat the climate crisis.
London’s FTSE 100 was up 0. 3% at 7,607. 02 in afternoon trade on Monday, with sterling under the cosh as investors mulled the latest GDP figures.
Social care services provider Caretech tapped Christopher Dickinson to take over as chief financial officer of the group on Monday, with immediate effect.
Avast: JP Morgan upgrades to overweight with a target price of 550p.
African mineral sands producer Base Resources updated its 2020 financial year production guidance for the Kwale Mineral Sands Operations in Kenya on Monday.