Retail sales hit by 'fragile' consumer confidence - CBI
The British high street struggled in April, a long-running survey showed on Monday, rocked by deteriorating consumer confidence.
London midday: FTSE edges up as Iran said to have made peace proposal to US
London stocks had edged higher by midday on Monday, while oil prices rose, as investors continued to mull the latest developments in the US-Iran war following a report that Tehran has put forward a peace proposal, and after a second round of talks over the weekend failed to materialise.
Canaccord Genuity lowers target price on Bango
Analysts at Canaccord Genuity lowered their target price on software firm Bango from 212p to 181p on Monday following the group's recent full-year results.
Entain tumbles as shareholder Eminence Capital to be shuttered
Shares of Ladbrokes owner Entain tumbled on Monday on news that major shareholder Eminence Capital is being shuttered.
Gana Media shares jump on new betting partnership in Mexico
Sports content and online betting group Gana Media has announced a new partnership with AI-powered marketing and content solutions firm Vor Interactive in Mexico.
China orders Meta to unwind $2bn acquisition of AI firm Manus
China's state planner has ordered Meta to unwind its $2bn acquisition of Manus, a Singapore-incorporated artificial intelligence startup with Chinese roots, marking a significant escalation in Beijing's efforts to prevent technology and talent from flowing to Western competitors.
Vanquis accepts FCA's motor finance redress scheme
Vanquis Banking Group confirmed on Monday it would not launch legal action against the financial watchdog's motor finance redress scheme.
Asia report: Markets mostly rise despite lack of US-Iran peace progress
Asia-Pacific markets mostly rose on Monday as investors shrugged off diplomatic setbacks between the United States and Iran, encouraged by Tehran's proposal to reopen the Strait of Hormuz and buoyed by robust earnings data from China's industrial sector, even as Middle East tensions kept oil prices elevated.
Goldman double downgrades Sainsbury’s to 'sell', shares slump
Sainsbury’s was under the cosh on Monday after Goldman Sachs downgraded its stance on the supermarket retailer to ‘sell’ from ‘buy’ and cut the price target to 335p from 390p, citing macro headwinds and intensifying competition in non-food retail.
PensionBee reaches £8bn AUA milestone
Online retirement savings provider PensionBee Group announced on Monday that assets under administration had hit approximately £8bn.
China industrial profits post sharp jump in March
China’s industrial firms reported a sharp jump in industrial profits during March, recording their fastest growth in six months, despite geopolitical turmoil.
Whitbread planning £1.5bn hotel selloff - report
Premier Inn owner Whitbread is reportedly planning to sell a swathe of hotels to unlock £1. 5bn for shareholders.
Power Probe gives upbeat outlook as FY revenues climb
Automotive electrical diagnostic tools group Power Probe reported a drop in profits but a big jump in revenues in its maiden annual results as a listed company on Monday, but painted a positive outlook on the back of new product launches, partnerships and manufacturing expansion.
Christie Group hikes dividend as FY profits, revenues jump
Christie Group posted a jump in full-year profit and revenue on Monday and hiked its dividend as it performed ahead of its own expectations.
Consumer sentiment weakens sharply in Germany
Consumer sentiment in Germany has fallen sharply, a closely-watched survey showed on Monday, weighed down by the ongoing war in Iran.
Harworth wins planning approval for Microsoft data centre scheme
Property developer Harworth Group said on Monday that the Leeds local planning committee had passed a resolution to approve Microsoft's planning application at Skelton Grange in West Yorkshire.
Europe open: Shares mixed, oil up as Iran war talks continue to stall
European shares were mixed and oil rose at the open on Monday as talks between the US and Iran continued to stall.
London open: FTSE flat, oil rises as US-Iran peace talks stall
London stocks were flat in early trade on Monday, while oil prices rose after a second round of peace talks between the US and Iran failed to materialise over the weekend, although there were also reports that Tehran has put forward a peace proposal.
AstraZeneca's Saphnelo Pen gets green light from US FDA
Drugmaker AstraZeneca said on Monday that its systemic lupus erythematosus treatment Saphnelo (anifrolumab) hsd received US Food and Drug Administration approval for self‑administration via a once‑weekly autoinjector, the Saphnelo Pen.
Intertek slumps after rejecting improved takeover proposal from EQT
Intertek slumped on Monday after it rejected a revised takeover proposal from Swedish private equity firm EQT at 5,400p per share.