Market Report
Boohoo to investigate alleged illegal practices at supplier
Fast-fashion retailer Boohoo said on Monday that it will investigate alleged illegal practices at a supplier in Leicester following reports that workers were being paid well below the minimum wage.
Asia report: Markets mostly higher despite surge in global infections
Markets in Asia finished mostly higher on Monday, with those in China skyrocketing, even after the World Health Organization reported a record 24-hour period of more than 200,000 new Covid-19 infections globally over the weekend.
German factory orders rebound less than expected in May
German factory orders bounced back in May, albeit less than expected, according to figures released by Destatis on Monday.
London open: Stocks rise on positive Asian cues; housebuilders pace gains
London stocks rose in early trade on Monday, taking their cue from a positive session in Asia, with housebuilders pacing the gains.
Tex Holdings appoints new CFO as FCA looks into 2019 statements
Tex Holdings announced the appointment of Christian Ross as its chief financial officer and finance director-designate on Monday.
Beowulf upbeat on recent results from Vardar's Madjan Peak
Mineral exploration and development company Beowulf Mining reported on Monday that 42 samples from the Madjan Peak grab sampling programme had assayed more than 0. 1 grams of gold per tonne, out of a total of 96 samples collected from available outcrop and subcrop.
Cora Gold releases 'notable' exploration results from Mali and Senegal
Cora Gold reported “notable” results from its ongoing programmes in west Mali and Senegal on Monday, with a new target identified at the Madina Foulbé Permit in Senegal.
Network International flags revenue decline, sees 'gradual recovery'
Payments technology company Network International said on Monday that it was expecting total revenue in the first half to be between $133m (£106. 42m) and $134m, representing “broadly flat” performance year-on-year in the first quarter, and a fall of around 23% in the second quarter.
Rentokil appoints Stuart Ingall-Tombs as CFO
Rentokil Initial said on Monday that Stuart Ingall-Tombs will succeed Jeremy Townsend as chief financial officer.
Cineworld to make counter-claim as Cineplex seeks damages
Cineworld said on Monday that it plans to counter-claim against Cineplex after the Canadian cinema chain announced that it was filing a lawsuit against it for backing out of a $2. 1bn deal.
Barratt order book 'strong', Lloyds Bank CEO to leave in a year
London open The FTSE 100 is expected to open 97 points higher on Monday, having closed down 1. 33% at 6,157. 30 on Friday.
London pre-open: Stocks seen up on positive Asian cues
London stocks were set to rise at the open on Monday, tracking gains in Asia, despite a spike in coronavirus cases sparking local lockdowns in the UK and Spain, among other countries.
Monday newspaper round-up: UK banks, Sunak, Royal Dutch Shell
UK banks are preparing a code of conduct for pursuing businesses that default on taxpayer-backed coronavirus loans, amid industry estimates that up to eight out of 10 borrowers could fail to repay in full. The Guardian understands that the industry lobby group UK Finance and the state-owned British Business Bank have kicked off talks with commercial lenders in an effort to set industry-wide debt collection standards well ahead of repayments falling due. – Guardian.