Shares of Synairgen caught a bid following the release of clinical trial results which appeared to show that its SNG001 formulation against Covid-19 might lower the risk of severe disease or death in the most at risk patients.
The market spotlight on Tuesday will be on UK employment with economists keen to see whether the labour market remains tight and how well - given the ongoing cost-of-living crisis - wage growth is holding up.
European shares recovered from early selling but nevertheless finished on a mixed note following very weak industrial production and retail sales figures from China spooked investors worried about a global economic slowdown.
Wall Street stocks closed mostly lower on Monday ahead of some key retail data and earnings slated for later in the week.
London stocks managed a positive start to the week on Monday, reversing earlier losses despite ongoing concerns for the global economy after disappointing data from China and warnings the US could be headed for recession.
Musical instruments and equipment retailer Gear4music was at the top of the list of director buys on Monday, after its chief executive officer spent over £90k on shares.
London’s FTSE 100 was up 0. 3% at 7,442. 61 in afternoon trade on Monday.
Analysts at Berenberg downgraded software outfit Kainos from 'buy' to 'hold' on Monday, stating the firm was now "stuck in an awkward spot".
Wall Street stocks opened lower on Monday ahead of some key retail data and earnings slated for later in the week.
The FTSE 250 was down 0. 16% at 19,889. 05 at 1520 BST.
Analysts at Deutsche Bank and JP Morgan lowered their target prices for Rolls Royce following medium-term guidance from the aerospace engineer.
Petropavlovsk shares tumbled on Monday after the gold miner said it was unable to pay the coupon due on 14 May of around $12. 36m in respect of a $500m bond issued in 2016.
The New York Empire State manufacturing index surprisingly fell to -11. 6 in May, down from 24. 6 in April to miss market expectations for a reading of 17.
US buyout firm Carlyle has agreed to buy ManTech, a provider of technologies and solutions for national security programs, in a $4. 2bn deal.
US carrier JetBlue Airways has launched a hostile all-cash takeover bid for rival Spirit Airlines.
European shares trimmed early losses slightly at midday, but were still lower after very weak retail sales figures from China spooked investors worried about a global economic slowdown.
Lekoil announced on Monday that it has applied for admission of its shares to trading on the Access segment of the AQSE Growth Market of the Aquis Stock Exchange.
London pre-open The FTSE 100 was being called to open 39. 8 points lower ahead of the opening bell on Monday after closing out the previous session 2. 55% firmer at 7,418. 15.
Fintech outfit Plus500 said on Monday that trading had continued to be "very strong" in the second quarter, with the group growing increasingly confident of its full-year performance.
Business parks operator Sirius Real Estate has agreed to the sale of an asset in Camberwell, London for £16. 0m, representing a net initial yield of approximately 2. 0%.