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BoE asks UK lenders if they are ready for negative interest rates
The Bank of England has asked high street lenders to detail how prepared they are for negative interest rates, in the clearest confirmation yet that the Monetary Policy Committee is actively considering the unprecedented move.
Pub sector seeking judicial review of new lockdowns
The hospitality sector is considering legal action against proposed new Covid-19 lockdown rules, which could see pubs, bars and other nighttime venues close once again.
Asia report: Most markets rise as China makes shorting yuan cheaper
Markets in Asia closed mostly higher on Monday, led by stocks in China, as investors kept watch on renminbi after the country’s central bank changed some currency rules.
Scotgold raises £3.0m to accelerate plans to double production at Cononish
Gold exploration and production company Scotgold raised £3. 0m before expenses on Monday by way of a placing of 2. 72m new ordinary shares in the group.
Panoply Holdings sees growth in H1 revenues and earnings
Technology-enabled services group Panoply Holdings said on Monday that both interim revenues and underlying earnings had improved in the six months ended 30 September.
e-Therapeutics 're-energised' by Mortazavi appointment
Drug discovery and development company e-Therapeutics said on Monday that it was feeling "re-energised" by the addition of former Silence Therapeutics boss Ali Mortazavi amid active discussions with large pharmaceutical and biotechnology firms regarding potential collaborations.
Royal KPN surges as PE firm EQT said to consider takeover
Royal KPN shares surged on Monday following a report that private equity firm EQT is considering a takeover of the Dutch telecommunications company.
Petrofac CEO Ayman Asfari to retire at end of the year
Oilfield services provider Petrofac said on Monday that chief executive Ayman Asfari has decided to retire at the end of the year and will be succeeded by former BG and Shell executive Sami Iskander.
London open: Stocks edge lower as tighter Covid restrictions loom
London stocks edged lower in early trade, with sentiment undermined by the prospect of tighter lockdown restrictions in some parts of England and Monday’s session expected to be a little quieter than usual as US markets will be closed for Columbus Day.
Cake Box revenues bounce back following store closures
Fresh cakes retailer Cake Box said on Monday that revenues had improved in the 20 weeks ended 30 September as all of its stores were now open for business following Covid-19 related lockdowns.
XP Power Q3 revenues progress 'positively'
Power control components manufacturer XP Power said on Monday that third-quarter revenues had progressed "positively" as the "exceptionally strong" order intake seen in the first half translated into product shipments.
LondonMetric collects 94% of October rents
Property company LondonMetric on Monday said it had collected 94% of rent due up to October as tenants started repaying quarterly instead of monthly after coronavirus lockdown measures were eased.
Tritax continues strong rent collection in third quarter
Tritax Big Box updated the market on its third quarter on Monday, saying it was expecting that 99% of fourth quarter rents would be collected by the end of November.
Network Intl sees FY underlying net profit in line with market views
FTSE 250 payments company Network International said on Monday that full-year underlying net profit is set to be in line with market expectations.
Aveva confident on FY as first-half revenues fall
Industrial software group Aveva said first-half revenue would be broadly in plan with expectations and maintained full-year guidance.
National Express hires Ignacio Garat as CEO
National Express has appointed former FedEx executive Ignacio Garat as its chief executive, ending a four-month search for a new boss.
Great Portland Estates says 73% of September rent collected
Great Portland Estates said on Monday that 73% of its September rent has been collected despite the pandemic but that the outlook remains uncertain due to the impact of the Covid-19 crisis.
GVC gets German betting licences, AstraZeneca advances Covid-19 antibodies
London open The FTSE 100 is expected to open five points higher on Monday, having closed up 0. 65% at 6,016. 65 on Friday.
IAG replaces BA boss Cruz with Aer Lingus's Doyle
IAG has replaced Alex Cruz as chief executive of British Airways with Aer Lingus's Sean Doyle in a shake-up under the group's new boss Luis Gallego.
London pre-open: Stocks seen higher despite prospect of further restrictions
London stocks were set rise at the open on Monday following a mostly positive session in Asia, but gains were expected to be muted amid the prospect of tighter lockdown restrictions in some parts of England.