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India's Reliance Industries refutes report it's interested in BT

India’s Reliance Industries has refuted a report it is considering making an offer for London-listed BT Group.

Parag Agrawal named new Twitter CEO as Jack Dorsey steps down

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 close: Stocks finish higher as Omicron concerns ebb

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.

Broker tips: GB Group, Gaming Realms

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.

JP Morgan sees Brent oil price 'overshoot' to $150 per barrel in 2023

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.

FTSE 250 movers: Travel stocks bounce back; AO World retreats

London’s FTSE 250 was up 1% at 22,772.17 in afternoon trade on Monday.

High Street footfall declines on Black Friday for first time in history

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.

US pre-open: Wall Street futures in the green following omicron-fuelled selloff

Wall Street futures were pointing to gains ahead of the bell on Monday following Friday's omicron variant-fuelled selloff.

Ince Group revenues grow in H1

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 pre-open: Stocks to rebound after Friday's selloff

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 open: FTSE rebounds after Omicron-fuelled selloff

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.

Benchmark posts strong results as aquaculture markets recover

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.

28 Nov
South Africa to avoid strict curbs, WHO urges caution

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 reports unrealised gain after one of its holdings completes funding round

IP Group recorded a large gain on the value of one of the largest companies in its portfolio following a funding round.

Molten Ventures NAV up on higher cash investments

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.

Monday newspaper round-up: Manufacturers, Clarks, City Workers, Motorway

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

28 Nov
Sunday newspaper round-up: BT Group, GSK, Derivatives Trading

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