Tuesday preview: UK jobs data, Kier Group results due
On Tuesday, investors will eye full-year results from Kier Group and MJ Gleeson, as well as first-half results from Fintel and Accesso Technology.
Europe close: AI slowdown fears, oil prices pull markets lower
European stock markets finished lower on Monday as a sell-off in the chip and AI sectors and another surge in oil prices weighed heavily on markets, though London's FTSE 100 outperformed.
London close: FTSE ends up as software stocks rally
London stocks ended up on Monday, underpinned by strength in the software sector and benefitting from their low exposure to technology, as European peers were hit by an AI-related selloff in the tech sector.
Euronext boss open to merger with Deutsche Boerse
Share prices of Euronext and Deutsche Boerse both gained on Monday after Euronext's chief executive said he was open to a merger of the two marketplaces.
Fresnillo CFO Mario Arreguin to retire
Fresnillo said on Monday that chief financial officer Mario Arreguín plans to retire following a 37-year career with the precious metals miner.
Broker tips: Antofagasta, Cerillion
Analysts at Berenberg upgraded Antofagasta from 'hold' to 'buy' on Monday, saying last week's sharp pullback in copper prices had created an attractive entry point, while keeping its 4,400p price target unchanged for around 16% upside.
US open: Stocks fall as AI IPO doubts grow, oil surges past $108
Major indices were in the red at the open on Monday as investors assessed fresh uncertainty around the artificial‑intelligence IPO pipeline and monitored another jump in oil prices.
FTSE 100 movers: Software stocks rally; miners in the red
London’s FTSE 100 was up 0. 6% at 10,712. 16 in afternoon trade on Monday.
Director dealings: Fevertree chairman raises stake
Fevertree Drinks revealed on Monday that chairman Domenic De Lorenzo had acquired 44,674 ordinary shares in the AIM-listed non-alcholic drinksmaker.
Big Technologies returns to profit as founder mediation talks collapse
Big Technologies said on Monday that mediation with founder and former chief executive Sara Murray had ended without a settlement, as the electronic monitoring specialist also reported a return to statutory profit and said full-year trading should come in marginally ahead of expectations.
Canaccord Genuity lowers target price on Cerillion
Canaccord Genuity cut its price target on Cerillion from 2,060p to 1,760p on Monday, after the software group warned that second‑half trading would be weaker than expected, leading to revenue and underlying earnings misses against consensus.
Dusk abandons £300m IPO plans - report
Online furniture retailer Dusk has reportedly abandoned plans for a £300m London flotation that would have seen it join the ranks of Britain's listed companies later this year.
Hugo Boss chairman departs as Frasers steps up pressure
Hugo Boss's chairman has agreed to part ways with the German fashion brand amid growing pressure from major shareholder Frasers Group, as the British retail group seeks greater boardroom control ahead of a formal takeover.
US pre-open: Futures fall as AI IPO doubts grow, oil continues to climb
Wall Street futures were in the red ahead of the open on Monday as investors assessed fresh uncertainty around the artificial‑intelligence IPO pipeline and monitored another jump in oil prices.
London midday: FTSE extends gains as software stocks rally on AI slump
London stocks had extended gains by midday on Monday, underpinned by strength in the software sector and benefiting from low exposure to technology, after a slump in AI-linked Asian stocks.
Europe midday: Tech stocks slide on AI slowdown call, oil sits above $107
European shares slipped into the red on Monday with Brent crude climbing above $107 a barrel after Houthi rebels continued to threaten a key Red Sea oil channel, while tech stocks were sharply lower on apocalyptic warnings from artificial intelligence CEOs.
Novo Nordisk rebrands as ‘Novo’ as it unveils new company identity
Novo Nordisk has unveiled a global rebrand that will see the Danish pharmaceuticals group adopt ‘Novo’ as its day-to-day name, as part of a broader push to modernise its identity and corporate culture.
Berenberg upgrades Antofagasta to 'buy'
Analysts at Berenberg upgraded Antofagasta from 'hold' to 'buy' on Monday, saying last week's sharp pullback in copper prices had created an attractive entry point, while keeping its 4,400p price target unchanged for around 16% upside.
Asia report: Tech sell-off hits markets after Anthropic's AI warning
Sharp falls in the semiconductor space and rising oil prices weighed on sentiment on stock markets across Asia on Monday, with most major indices finishing lower.