Market Pulse
FTSE 100 movers: RBS, Lloyds slump on DB downgrade; Randgold rallies
London’s FTSE 100 index was down 0. 2% to 6,880. 76 in afternoon trade.
Flowgroup follows energy flow as boilers await verdict on state support
Interim results from Flowgroup showed its second stream as an energy reseller is surging, while its original core business as a boiler developer hangs in the balance ahead of a government decision over feed-in tariffs (FIT).
FTSE 250 movers: Zoopla soars while Virgin Money falls flat
The FTSE 250 was trading just above the line on Monday afternoon, as sterling strengthened after better-than-expected UK services data.
Altice offer over €2bn for telecom unit SFR
Multinational telecoms company Altice NV has made a bid to buy out minority shareholders of its SFR Group for around €2. 4bn, in order to take total control of the company.
Formula 1 set to be sold in $8.5bn deal
Motorsport franchise Formula 1 will be sold to John Malone's Liberty Media group in a deal worth $8. 5bn (£6. 5bn).
Merkel's party suffers embarrassing loss in German regional election
German chancellor Angela Merkel's Christian Democratic Union has suffered a shock loss in a German regional election, finishing third in the leader's own constituency.
UK new car registrations grow 3.3% in August
The United Kingdom experienced an improved growth of 3. 3% in new car registrations in August, despite economic uncertainty in the aftermath of Britain's vote to leave the European Union in June.
Vale International optimistic about fintech acquisitions after AIM float
Cash shell Vale International raised £0. 8m as it floated on the London main market on Monday with the aim of acquiring a financial services technology business in a UK market the directors believe remains attractive despite the post-Brexit uncertainty.
Pantheon Resources puts well on pause but finds 'significant hydrocarbons'
Pantheon Resources, an oil and gas exploration company, has paused operations at a 50%-owned well in Texas after a series of equipment failures, but said a nearby fracking procedure has been successfully completed.
Paragon Entertainment signs deal with Turkish firm
Attractions design, production and fit-out business Paragon Entertainment announced on Monday that it has entered into a representation agreement with Gülşah Öztürk, a museums, attractions and heritage specialist based in Turkey.
BATM sells its administrative building
Provider of real-time technologies for networking solutions and medical laboratory systems, BATM Advanced Communications, announced on Monday that its fully owned real estate management subsidiary BATM ESHBOLOT has entered into an agreement to sell a wholly owned building situated at Hod Hasharon, Israel.
Apple's response to EU tax ruling draws criticism from Eurozone finance boss
The head of the Eurozone's finance ministers has strongly criticised the actions of US tech giant Apple in the aftermath of the EU's decision to order the company to pay Ireland €13bn in back taxes.
FinnAust Mining takes over Cairn Energy´s Avannaa subsidiary
FinnAust Mining announced the purchase of Greenland-focused Avannaa through an all-share deal, giving it access to new low-cost, high-quaility assets.
Europe midday: Stocks edge higher as miners, energy issues advance
European stocks edged higher on Monday, helped by strength in the basic resources and energy sectors as oil prices advanced.
London midday: Stocks fall as pound strengthens after UK services data
London stocks dropped on Monday as the pound strengthened after better-than-expected UK services data.
Union Jack Oil expects Wressle to have material impact on cash flow
Hydrocarbon developer Union Jack Oil said it remained debt free and was trading satisfactorily following the acquisition of three licenses in the first half of the year.
Koovs' sales surge as investment boosts web traffic
Indian online fashion retailer Koovs’ sales more than doubled in the second quarter as brand awareness and weekly web traffic surged thanks to recent investment.
Oakley offloads controlling share of German dating service
Oakley Capital Investments announced on Monday that the Oakley Capital Private Equity II fund has reached an agreement to sell a controlling stake in Parship Elite Group, an online dating service in the German-speaking world, to ProSiebenSat. 1 Media.
Barclays to appoint JPMorgan's Throsby to head investment banking arm
Barclays has poached JPMorgan head of equities Tim Throsby to head up its investment banking division, according to reports on Monday.
BoJ continues to have ample room on easing, Kuroda says, yen strengthens
The Bank of Japan continued to have ample room to ease monetary policy further, the central bank´s governor said.