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London equity markets remained seriously depressed by the close on Monday, with travel, hospitality and leisure stocks all under the cosh as investors mulled the prospect of tougher lockdown restrictions.
London’s FTSE 100 was down 3% at 5,828.13 in afternoon trade on Monday amid worries about rising Covid cases and tougher restrictions.
Urban Logistics REIT announced a proposed placing to raise around £100m, and a retail open offer and institutional offer to raise up to £30m on Monday, to acquire its identified pipeline of logistics properties.
London equity markets had tanked by midday on Monday, with travel, hospitality and leisure stocks all under the cosh as investors mulled the prospect of tougher lockdown restrictions.
US healthcare firm Illumina is to take full control of blood test specialist Grail in a $8bn cash and stock deal, it was announced on Monday.
London stocks were set to fall at the open on Monday amid concerns about rising coronavirus cases in the UK and abroad and the prospect of further restrictions in London.
Nikola shares plummeted further after the company's executive chairman and founder announced that he would be stepping down.
Kitchen, bedroom and freestanding furniture manufacturer John Lewis of Hungerford reported annual sales of £5.55m in a trading update on Monday, down from £8.31m year-on-year, with the year being split into three distinct phases.
Landore Resources announced on Monday that its wholly-owned subsidiary Landore Resources Canada has entered into an agreement to acquire half of the 2% net smelter returns royalty that is held on its 90.2%-owned Lamaune Lake Property in Ontario.
AstraZeneca disclosed details of its Covid-19 vaccine trials at the weekend to address criticism around pharmaceutical companies' transparency and avoid the risk of engendering skepticism in the public about the safety of any potential vaccines.
Payments processor Network International said on Monday that it is not aware of any reason for the slump in its share price.
Steel and construction safety solutions group Billington said on Monday that it had been awarded three contracts with a combined value of £21.0m.
The Department for Transport confirmed extensions to the emergency measures on a number of rail franchises on Monday, protecting operators from continued depressed passenger demand as a result of the Covid-19 pandemic.
Superdry said Covid-19 had disrupted its revival plan and its bank covenants could come under pressure as the fashion brand reported a wider annual loss.
Generic drugs manufacturer Beximco Pharmaceuticals has received US Food and Drug Administration (FDA) approval for flecainide acetate 50mg, 100mg and 150mg tablets), it announced on Monday.
Recruitment consultancy Nakama said on Monday that 2020 had been a "challenging and unprecedented" year for the group, with the Covid-19 pandemic having an "immediate and significant impact" on trading.
Technology-focussed investment company Tern reported net assets of £19.9m at the end of its first half on Monday, rising from £17.48m year-on-year, although its current assets slid to £0.96m from £2.15m.
Britain’s most senior government scientists will make a direct appeal to the public on Monday, warning that the coronavirus trend is “heading in the wrong direction” and “a critical point has been reached”. As Downing Street considers imposing nationwide curbs to contain a sharp jump in cases, the chief medical officer for England, Chris Whitty, will make a rare live televised address alongside the UK chief scientific adviser, Sir Patrick Vallance. - Guardian