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Monday newspaper round-up: Overseas investment, Tesco, Vectura
The government is to launch a £1. 4bn fund to attract more overseas investment into the UK economy, particularly in sectors such as life sciences and electric vehicle production. In his budget announcement on Wednesday, the chancellor, Rishi Sunak, will also announce plans to lure highly skilled foreign workers and amend regulations to make it easier for international companies to relocate to the UK. - Guardian.
US close: Dow Jones registers another record close
Wall Street stocks closed higher on Monday as market participants prepped for a week full of big tech earnings.
London close: Stocks higher as miners, oil plays rally
London stocks managed a positive finish on Monday, with miners boosted by firming metals prices, as investors braced for a raft of earnings releases and the Autumn Budget.
Tuesday preview: US tech giants, Softcat in the spotlight
Investors are likely to be in a holding pattern on Tuesday ahead of the release of quarterly results out of Apple and Microsoft in the evening.
Europe close: Stocks start week on a positive note
European shares were mostly higher at the start of the week as investors sat on the sidelines ahead of a deluge of big corporate earnings reports.
Hertz orders 100,000 Tesla Model 3s
Hertz announced its intention to outfit the largest electric vehicle rental fleet in North America with Tesla made sedans on the back of "skyrocketing" interest for electric vehicles.
Director dealings: Bellway chairman raises stake
Bellway revealed on Monday that chairman Paul Hampden Smith had acquired 3,154 ordinary shares in the FTSE 250-listed housebuilder.
Bidstack launches new in-menu game ad offering
In-game advertising provider Bidstack Group announced the launch of a new ad format for brands on Monday, with its 'in-menu' offering.
Oracle Power gets go-ahead for Jundee East work programme
Oracle Power announced on Monday that the Department of Mines, Industry Resources and Safety (DMIRS) has approved the programme of work for drilling of the five target areas defined at its wholly-owned Jundee East Gold Project, in the Eastern Goldfields region of Western Australia.
Strategic Minerals raises £0.4m to help fund Paltridge North work
Battery metals-focussed producing mineral company Strategic Minerals raised £0. 4m before expenses, it announced on Monday, to help it complete required work on the Paltridge North deposit.
Broker tips: N Brown, Darktrace, EasyJet
Jefferies downgraded its stance on Simply Be and Jacamo owner N Brown on Monday to 'hold' from 'buy' as it said the company's recent first-half results were not as solid as they appeared.
FTSE 250 movers: Darktrace tanks on broker note; Harbour Energy rallies
London’s FTSE 250 was up 0. 1% at 22,958. 59 in afternoon trade on Monday.
FTSE 100 movers: Miners rally as metals prices rise; ITV falls
London’s FTSE 100 was up 0. 3% at 7,227. 45 in afternoon trade on Monday.
US open: Dow Jones adds to Friday's record close
Wall Street stocks were trading slightly higher early on Monday as market participants prepped for a week full of big tech earnings.
Rishi Sunak to raise national living wage to £9.50
Chancellor Rishi Sunak will raise the national living wage to £9. 50 as part of Wednesday's budget, giving British workers an extra £1,000 per year.
HSBC Q3 profits up 74%, announces $2bn buyback
HSBC on Monday reported bumper third-quarter profits that smashed expectations as it unveiled plans for a share buyback of up to $2bn after releasing hundreds of millions set aside for expected bad loans during the Covid pandemic.
Ashtead Technology prepares to ride wave of investment in offshore wind
Subsea energy equipment rental and solutions provider Ashtead Technology announced plans to float on the London Stock Exchange's junior market.
UK petrol prices hit record highs as Brent crude reaches $86
UK petrol prices hit a new record high in the UK as global oil prices continue to soar, placing further inflationary pressure on hard-pressed Britons already struggling with surging energy costs and a tax rise.
KEFI reveals recent Ethiopia issues involved kidnapping of project staff
Ethiopia and Saudi Arabia-focussed gold and copper explorer and developer KEFI announced a positive resolution to the recent security situation at its Tulu Kapi gold project on Monday, revealing that the issues involved the kidnapping of four members of the project company's workforce.
DP Poland serves up small loss after Dominium takeover
DP Poland, the master franchisor of the Domino’s Pizza brand in Poland, reported a 0. 1% improvement in like-for-like system sales in its first half on Monday, to £14. 6m.