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Wall Street showed signs of recovery on Monday after four consecutive losing sessions, with all three major stock indices clinching some gains.
UK equities dropped on Monday owing to heavy falls in the mining, gambling and tobacco sectors weighing on markets, as investors scaled back their appetite for risk in the facing of surging bond yields and a higher interest-rate outlook.
HgCapital Trust has agreed to sell Silverfin, a leading cloud platform designed for accountants, to cloud software specialist Visma, it announced on Monday.
Personal Goods was at the bottom of the pile at the start of the week as concerns around China's property sector continued to nag investors.
Financial markets' focus over the last week of September would be on the latest consumer price data due out in the single currency bloc.
Equities in London retreated on Monday, with mining stocks and gambling companies providing a big drag on markets, with the FTSE 100 down 0.7% at 7,631 by lunchtime.
Shares in Ladbrokes owner Entain slumped on Monday as it said third-quarter net gaming revenue (NGR) would be down by by high single-digit percent, driven by adverse sporting results during September, tighter gambling regulation and weaker growth in Australia and Italy.
Utility-grade energy storage developer Invinity Energy Systems has been selected by the United States Department of Energy (DOE) to supply 84 MWh of its ‘Mistral’ product for projects at six US sites, it announced on Monday.
Shares in gambling outfit 888 Holdings slumped almost 8% on Monday after FTSE 100 rival Entain warned on third-quarter revenues due to regulatory headwinds, slow sales in Italy and Australia and adverse sports results in September.
Just eight names were trading in positive territory on the FTSE 100 on Monday afternoon as investors scaled back their appetite for risk, with the mining stocks, Entain and Burberry bearing the brunt of the selling pressure.
Investors' focus on Tuesday would be on the U.S. where a flurry of second-tier economic data was scheduled for release.
Shore Capital has maintained its 'buy' recommendation for Entain despite the gambling company disappointed the market with a weak third-quarter update, saying the shares still look good value.
Agriculture-focussed biological products developer Plant Health Care announced Monday that it applied to the Mexican regulatory agency to approve its newest products, PHC25279 and PHC68949.
European shares extended losses on Monday as worries about China's troubled property sector continued, with developer Evergrande saying it would not be able to complete a planned restructure, while rising oil prices and weak German survey data also weighed on sentiment.
Caledonia Investments was on the list of director purchases on Monday after a member of its board picked up almost 3,000 shares.
Tanzania-focussed helium explorer and developer Helium One Global announced the start of drilling at its Tai-3 well on Monday.
Edison sees "good upside" at Games Workshop if things go to plan with the latest Warhammer product release, following a strong start to the year for the hobby miniatures company.
Saietta Group reported a 40% rise in turnover in a trading update on Monday, reaching £6m for the 12 months ended 31 March.
Shares in Alphawave IP Group dropped on Monday after the digital infrastructure company swung to a loss in the first half despite a trebling in revenues as margins shrunk significantly and overheads jumped.
The FTSE 100 was struggling for direction in early trading on Monday with mining stocks providing a drag on renewed concerns about demand as China's property crisis deepened.
UK stocks are expected to edge lower on Monday, following a mixed performance on Asian indices overnight,
GSK announced on Monday that its vaccine, Arexvy, has received approval from Japan's Ministry of Health, Labour and Welfare (MHLW) for preventing respiratory syncytial virus (RSV) disease in adults aged 60 and over.
British insurer Aviva on Monday said it had bought AIG's UK protection business for £460m.
Mobile payments specialist Boku announced on Monday that its Malaysian subsidiary, Boku MY, has secured a green light from Bank Negara Malaysia (BNM) to function as a non-bank merchant acquirer after persistent efforts and investments in the Malaysian market.
London open The FTSE 100 is expected to open 30 points lower on Monday, having closed up 0.07% on Friday at 7,683.91.