HSBC interim profits plunged 65% as it increased provisions for bad debts by $3. 8bn amid the coronavirus crisis and accelerated plans to cut 35,000 jobs.
The market spotlight on Tuesday will shift back towards the US, given a sparse data calendar in other regions, where a reading on durable goods orders is due out.
XP Power jumped to the top of the leaderboard at the start of the week after the power products supplier reinstated its dividend payout.
Financials topped the leaderboard at the start of the month, shaking off the read-across from HSBC's latest interim results and subsequent share price drop.
Stocks across the Continent snapped higher in the first trading session of August, bolstered by better-than-expected readings on manufacturing sector activity in Europe, China and the US.
Stocks in London finished in the green on Monday, helped by the release of a much better than expected reading on euro area factory activity last month, and similarly upbeat survey results overnight in China.
Analysts at Berenberg lowered their target price on British Airways parent International Consolidated Airlines from 375. 0p to 300. 0p on Monday but said IAG's planned equity raise paved the way for "unrivalled consolidation" and dividend flexibility.
BAE Systems revealed on Monday that chairman Roger Carr's wife Stephanie had acquired 40,546 ordinary shares in the FTSE 100-listed arms maker.
Financial markets' focus during the coming week will be on the US non-farm payrolls report for July and the Bank of England's interest rate decision.
Materials engineering company Versarien announced the launch of its first graphene-enhanced protective face mask on Monday, which used its graphene-enhanced polymer ‘Polygrene’.
TP Group has secured a contract worth about £1m with an unnamed “leading UK engineering company”, it announced on Monday, to provide management control equipment for the enhanced safety management of hydrogen gas.
Wall Street stocks opened at the bell on Monday as market participants turned their attention back towards stimulus talks in Washington.
The most closely-followed gauge of manufacturing sector conditions in the US edged past forecasts last month, but as in Europe, companies were still loathe to hire.
The New Weather Institute think tank and climate charity Possible called on Monday for the ban of advertising of sport utility vehicles which are more polluting than other cars.
Google parent company Alphabet will take up a 6. 6% stake in home security outfit ADT as part of a $450m deal.
Wall Street futures had stocks opening higher ahead of the bell on Monday as market participants turned their attention back to stimulus talks in Washington.
Independent oil and gas firm San Leon Energy will pour $15m into Alternative Crude Oil Evacuation System (ACOES) project owner, Energy Link Infrastructure.
Pets at Home's share price is now up with events after a solid trading update, Shore Capital said as the broker cut its rating on the company to 'hold'.
The World Health Organization warned on Monday that there is a possibility that a “silver bullet” to combat Covid-19 may never come despite the existing strong hopes for a vaccine.
Healthcare company Sanofi Aventis France said on Monday that it had been placed under investigation for charges, including manslaughter.