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Monday newspaper round-up: Manufacturers, Clarks, City Workers, Motorway
Britain’s manufacturers are facing a “perfect storm” crisis of rapidly rising costs and towering debts that many fear could push them over the brink, according to a new survey. The leading industry trade body on Monday urged the government to introduce payment holidays on loans, warning that thousands of firms faced a “tipping point” that could make their business models unviable. - Guardian.
Tuesday preview: Fed's Powell, EasyJet in the spotlight
The market spotlight on Tuesday was likely to be on testimony from the head of the US Federal Reserve, Jerome Powell, and US Treasury Secretary Janet Yellen, both of whom were due to testify before a Senate panel on the CARES Act Relief programme.
US close: Stocks regain some of Friday's omicron-fuelled losses
Wall Street stocks closed higher on Monday following Friday's omicron variant-fuelled selloff.
Europe close: Stocks put in a timid bounce as investors try to discern near-term outlook
European shares managed a bounce at the start of the week, although by the end of the trading day it was much diminished, as investors tried to figure out the possible scenarios for the economic outlook in the wake of the discovery of Omicron, the new variant of Covid-19.
London close: Stocks finish higher as Omicron concerns ebb
London stocks gave back some of their earlier gains, but still closed higher on Monday, as stocks staged a recovery from last Friday’s sell-off amid worries about the new ‘Omicron’ variant of Covid-19.
Broker tips: GB Group, Gaming Realms
Barclays upgraded GB Group to 'overweight' from 'equalweight' on Monday, hiking the price target to 1,000. 0p from 865. 0p following the company’s acquisition of US identity identification business Acuant.
Director dealings: Alumasc finance director raises stake
Alumasc Group revealed on Monday that group finance director Simon Dray had acquired 20,000 ordinary shares in the AIM-listed sustainable building products company.
Parag Agrawal named new Twitter CEO as Jack Dorsey steps down
Twitter confirmed on Monday that Jack Dorsey was stepping down as chief executive officer and will be succeeded by Parag Agrawal with immediate effect.
JP Morgan sees Brent oil price 'overshoot' to $150 per barrel in 2023
Analysts at JP Morgan predicted that underinvestment in new oil production capacity was set to drive Brent crude oil prices to $125 per barrel in 2022 and $150 in 2023.
FTSE 250 movers: Travel stocks bounce back; AO World retreats
London’s FTSE 250 was up 1% at 22,772. 17 in afternoon trade on Monday.
Retailers warn over policing on mask mandates in England
UK retailers warned on Monday they did not expect to police the reintroduction of mandatory mask wearing in shops in England from Tuesday over fears of abuse from customers who refuse to comply.
Rockfire upbeat on assay results from Copperhead project
Gold and base metals exploration company Rockfire Resources updated the market on its diamond drilling programme at its wholly-owned Copperhead porphyry project in north Queensland, Australia on Monday.
US pending home sales jump 7.5% in October
Signed contracts on existing US homes, also known as pending sales, jumped 7. 5% month-on-month in October, according to the National Association of Realtors.
China pledges 1.0bn Covid-19 vaccine doses for Africa
China announced its intention to supply a further one billion doses of its Covid-19 vaccines to African countries on Monday.
US open: Stocks reclaim some of Friday's omicron-fuelled losses
Wall Street stocks were trading higher early on Monday following Friday's omicron variant-fuelled selloff.
High Street footfall declines on Black Friday for first time in history
UK retail footfall rose 2% week-on-week in the seven days ended 27 November, however, this was driven by shopping centres and retail parks as footfall across high street destinations declined on Black Friday for the first time in history.
Genedrive submits new Covid-19 test for EU certification
Molecular diagnostics company Genedrive has submitted its new rapid point-of-care molecular Covid-19 test for CE-IVD certification in Europe, it announced on Monday.
FTSE 100 movers: BT shares boosted by bid talk; Buyer for JMat batteries?
London’s FTSE 100 was up 1. 56% at 7,294. 27 in afternoon trade on Monday.
Jack Dorsey to step down as Twitter CEO - report
Twitter shares surged on Monday after CNBC reported that Jack Dorsey - who founded the social media site in 2006 - was set to step down as chief executive officer.
Enwell reports some setbacks at its Ukraine projects
Oil and gas exploration and production company Enwell Energy updated the market on operations at its Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas and condensate fields, and its Svystunivsko-Chervonolutskyi (SC) exploration licence in Ukraine on Monday.