Market Report
Seven Labour MPs split from party over Brexit, antisemitism
Seven Labour MPs resigned from the party on Monday in protest over its Brexit policy and the failure to deal with antisemitism among members.
Commodities: WTI and copper jump
Energy and base metals futures pushed higher at the start of the week, helped by the apparently positive news-flow regarding the prospect for reduced tensions between the US and China on trade.
US hedge fund Tiger Global finishes unwinding stake in Barclays
Tiger Global finished unwinding its entire stake in Barclays at the start of 2019.
First EU elections poll shows surge for far-right, but center-right still dominant
Centre-right parties are expected to again come out in front from the European Union parliamentary elections due to be held between 23-26 May, but the Continent's far-right parties will make fresh inroads, according to the results of a survey.
Europe close: Shares eke out slight advance on trade optimism
Stockmarkets on the Continent finished the Monday session sporting slight gains on the back of optimism around the possible outcome of US-China trade talks and amid ongoing speculation that the European Central Bank might be set to ease policy further shortly.
Norwegian Air lower after heavily discounted rights sale
Norwegian Air stock fell around 15% on Monday after offering to sell new shares at a third of the then current market price to raise around NOK3bn (£269. 6m) in fresh funding.
Honda to shut down Swindon car plant putting 3,500 jobs on the line
Honda is set to announce the closure of its car plant in Swindon in 2022 which could potentially leave 3,500 workers unemployed.
London close: Pound strength drags on top flight index
London stocks ended slightly submerged on Monday after ending last week at a high water mark not seen in four months, with pressure coming from a rise in the pound, although the second-tier index put in a solid advance.
Berenberg cuts Centrica to 'hold' ahead of 'another challenging year'
Analysts at Berenberg downgraded their recommendation on British energy and services firm Centrica to 'hold' on Monday.
FTSE 100 movers: IAG and Barclays act as a drag
IAG was one of the session's worst performers as Brent crude oil futures continued pushing higher, hitting three-month highs after the US president said at the weekend that trade talks with China last week were "productive".
Week ahead: US-China trade talks, central banks in the spotlight
The markets' focus over the coming week will be on the continuing trade talks between the US and China, in Washington D. C.
FTSE 250 movers: Inmarsat climbs, Plus500 keeps falling
The FTSE 250 outperformed its larger sibling on Monday, led by the likes of Inmarsat and JD Sports.
Director dealings: CYBG brass lower stakes
CYBG chief executive David Duffy and chief financial officer Ian Smith both lowered their stakes in the FTSE 250-listed independent banking group.
Tuesday preview: Employment report, banks in focus
The focus on Tuesday will be on the December employment report, given the critical role the still very strong jobs market in Britain - helped by low rates from the Bank of England - is playing in helping to keep the economy more or less 'humming along' - despite the facewinds from Brexit and from further afield.
Canaccord Genuity slashes target on Plus500, says clarification required
Analysts at Canaccord Genuity took an axe to their target price on shares of Plus500 following the spreadbetter's latest annual results.
Transense sells 50 'iTrack II' units to mining client
Sensor systems provider Transense Technologies announced on Monday that an unnamed client has placed an order for 50 iTrack II units.
Zinc Media wins another factual commission with new client
Zinc Media announced on Monday that its specialist factual unit, Blakeway Productions, has been commissioned to make a four 60-minute part, blue chip natural history series for Blue Ant Media's ‘Love Nature 4K’ platform, in association with the European culture channel ‘Arte’.
Avingtrans wins new contract with Swedish power firm Vattenfall
Energy and medical equipment and services provider Avingtrans announced on Monday that its subsidiary, Hayward Tyler, has secured a contract worth more than £10m from power company Vattenfall in Sweden.
Croma Security Solutions Group maintains momentum in first half
Croma Security Solutions Group updated the market on its half-year ended 31 December on Monday, reporting a successful trading period in which it generated revenues and profits ahead of its internal expectations.
Richard Duffy appointed chief executive of Petra Diamonds
Petra Diamonds announced the appointment of Richard Duffy as its new chief executive on Monday, while announcing smaller net losses but growing debt in the first half.