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FTSE 100 movers: Royal Mail rallies; AB Foods retreats
London’s FTSE 100 was up 0. 7% at 7,076. 34 in afternoon trade on Monday.
FTSE 250 movers: WH Smith, Babcock make gains
London’s FTSE 250 was up 0. 3% at 23,796. 67 in afternoon trade on Monday.
Advent, GIC said to consider £4bn bid for Unilever tea brands
Private equity firm Advent International has reportedly teamed up with Singapore’s Government Investment Corporation (GIC) to put forward a £4bn offer for PG Tips and Unilever’s other tea brands.
Liberum ups profit forecasts for Sthree
Liberum has upped both its forecasts and price target for SThree after the specialist recruiter posted a strong set of third-quarter numbers.
Retail footfall drops as summer holidays come to an end - Springboard
Footfall at UK retail destinations fell last week as the summer holidays came to an end, according to research released on Monday by retail analysts Springboard.
RBC lowers target price on CMC Markets
Analysts at RBC Capital Markets lowered their target price on financial services firm CMC Markets from 560. 0p to 410. 0p on Monday after the group's "more cautious" net operating income guidance for FY22.
Causeway ups stake in WH Smith, backs management
Activist investor Causeway Capital has upped its stake in struggling retailer WH Smith, it has emerged.
US pre-open: Futures in the green following Dow's worst week since June
Wall Street futures were in the green ahead of the bell on Monday as the blue-chip Dow Jones and the S&P 500 looked set to bounce back from five consecutive days of losses.
Europe midday: Shares shrug off Asia worries to extend gains
European stocks extended gains at midday on Monday, shrugging off a weaker overnight performance in Asia.
London midday: Stocks extend gains as investors shrug off Asia woes
London stocks had extended gains by midday on Monday as investors shrugged off a weak session in Asia.
EasyJet eyeing BA's Gatwick slots - report
EasyJet will considerably boost its presence at Gatwick should plans by British Airways to overhaul its short-haul offering flounder, according to reports.
Beijing takes aim at Jack Ma's Alipay - report
Beijing is looking to break up Alipay, the payments app owned by outspoken Chinese billionaire Jack Ma’s Ant Group, according to reports.
Zooplus surges as Hellman & Friedman sweetens bid to €3.3bn
Zooplus surged on Monday after US private equity firm Hellman & Friedman lifted its offer for the pet supply retailer to €3. 29bn from €3bn.
ITM Power FY underlying losses widen
Hydrogen energy solutions manufacturer ITM Power said on Monday that full-year underlying losses had widened despite a jump in annual revenues.
M&G appoints Clare Bousfield as managing director of Retail & Savings
Investment manager M&G has appointed chief financial officer Clare Bousfield to the newly-created role of managing director of Retail & Savings with effect from 1 October.
Wincanton acquires Caledonia Bidco for £23.9m
Logistics firm Wincanton has agreed to acquire Caledonia Bidco, the holding company of Cygnia Logistics, a specialist mid-market eCommerce and multichannel eFulfilment provider.
Valneva tumbles as UK government terminates Covid vaccine contract
Shares of French pharmaceutical group Valneva tumbled on Monday after the UK government terminated a contract for the supply of at least 100m doses of its Covid-19 vaccine.
FirstGroup trading in line YTD, announces tender offer
Transport business FirstGroup said on Monday that its year-to-date trading performance was in line with expectations and that it would be launching a tender offer in order to return some value to shareholders.
Europe open: Markets shrug off weak Asia performance
European stocks opened higher rose on Monday despite a weaker overnight performance in Asia.
London open: Stocks rise as banks rally; AB Foods loses ground
London stocks rose in early trade on Monday, helped along by strength in the banking sector.