THE MOST READ
India’s Reliance Industries has refuted a report it is considering making an offer for London-listed BT Group.
Twitter confirmed on Monday that Jack Dorsey was stepping down as chief executive officer and will be succeeded by Parag Agrawal with immediate effect.
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.
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.
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.
London’s FTSE 250 was up 1% at 22,772.17 in afternoon trade on Monday.
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.
Wall Street futures were pointing to gains ahead of the bell on Monday following Friday's omicron variant-fuelled selloff.
Legal services firm Ince Group said on Monday that it expects to report unaudited interim revenues of £49.9m for the six months ended 30 September.
London stocks were set to rise at the open on Monday following the heavy selloff at the end of last week on the back of worries about the new Omicron Covid variant.
London stocks rose in early trade on Monday, recovering some ground after worries about the new Omicron Covid variant sent markets tumbling at the end of last week.
Aquaculture biotechnology company Benchmark reported “strong” full-year results on Monday, with revenue from continuing operations increasing 18% to £125.2m, or 24% at constant exchange rates.
South African officials decided not to reimpose mobility restrictions in the wake of the detection of the new Covid-19 variant in the country that had been dubbed Omicron.
IP Group recorded a large gain on the value of one of the largest companies in its portfolio following a funding round.
Venture capital tech specialist Molten Ventures on Monday reported a rise in net asset value (NAV) for the six months to September 30 on the back of a sharp rise in cash investments.
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
Potential suitors including private equity outfits CVC and Apax, and infrastructure investors including Brookfield and Macquarie, have conducted fresh analyses to determine the value of BT's Openreach unit, which owns the infrastructure that connects most homes in the UK. The cable division might fetch £40bn. Franco-Israeli telecoms tycoon Patrick Drahi's Altice UK already owns a 12.1% stake in BT and from 11 December will be able to buy more shares. That would allow him to apply greater pressure on BT's board to sell a stake or even all of Openreach. A full takeover nevertheless is considered to be unlikely, due to the group's size, pension fund liabilities and potential political hurdles. - Financial Mail on Sunday