US close: Stocks higher as falling crude offsets rising Treasuries
Major indices closed higher on Monday as falling oil prices offset concerns regarding elevated Treasury yields.
Tuesday preview: UK construction PMI, German factory orders due
Tuesday looked set to be a fairly quiet session, with no major FTSE 350 corporate releases due.
Europe close: Markets mostly higher, but CAC falls on fiscal concerns
European stocks were mostly higher on Monday as a weaker euro and improving economic data lifted sentiment, though shares in Paris dropped sharply as concerns about government borrowed escalated.
London close: FTSE gains; Ithaca jumps on acquisition
London stocks rose on Monday as investors continued to cheer last Friday's weaker-than-expected US non-farm payrolls report, which raised expectations the Federal Reserve will keep rates on hold this month, helped along by solid gains for Ithaca and BT Group.
UK considering tariffs on Chinese car imports
The business secretary is reportedly considering possible import levies on Chinese electric cars in an attempt to protect domestic auto manufacturers.
Broker tips: Tatton Asset Management, Landsec
Berenberg initiated coverage of Tatton Asset Management with a 'buy' rating and an 820p target price on Monday, arguing the group was well placed to sustain strong growth as it races toward its £30bn assets under management goal.
Deutsche Bank lifts Landsec price target on Metrocentre acquisition
Deutsche Bank lifted its price target on Landsec on Monday to 750p from 730p following its agreement to buy the Metrocentre shopping centre near Newcastle for £516m.
Director dealings: James Cropper director raises stake
James Cropper revealed on Monday that non-executive director on Yeung had acquired 7,300 ordinary shares in the London-listed papermaking and advanced materials company.
US open: Stocks mixed as Treasury yields remain elevated, PMIs show strong September growth
Major indices were mixed early on Monday as elevated Treasury yields kept investor sentiment subdued, with traders looking ahead to minutes from the Federal Reserve's latest meeting for signals on the path of interest rates.
US services PMI posts fastest growth since 2021
US service sector activity accelerated sharply in September, with the S&P Global services PMI jumping to 58. 8 and the composite PMI rising to 58. 4, both marking the strongest expansions in more than five years.
FTSE 100 movers: Ithaca rallies on acquisition; IG Group falls again
London’s FTSE 100 was flat at 10,458. 55 in afternoon trade on Monday.
Galliford Try appointed to Constructing West Midlands plan
Construction group Galliford Try announced on Monday that it has been appointed to a £3bn public sector building programme in the West Midlands.
Sainsbury’s said to have held merger talks with Morrisons
Sainsbury’s reportedly held talks this year with private equity-owned rival Morrisons over a potential multibillion-pound deal.
Lidl sales jump as pricing, promotions entice new customers
Lidl's market share in the UK reached a record high in its most recent financial year, with the discount grocer reporting double-digit gains in sales and profits as price cuts and promotions brought more customers into its stores.
MJ Gleeson CFO Stefan Allanson to step down
Housebuilder MJ Gleeson said on Monday that chief financial officer Stefan Allanson plans to step down after 11 years in the role.
US pre-open: Futures slip amid stubbornly high Treasury yields
Wall Street futures were in the red ahead of the opening bell on Monday as elevated Treasury yields kept investor sentiment subdued, with traders looking ahead to minutes from the Federal Reserve's latest meeting for signals on the path of interest rates.
Canada’s Cenovus Energy to buy Athabasca Oil in $5.7bn deal
Canada’s Cenovus Energy said on Monday that it has agreed to buy Athabasca Oil in a $5. 7bn cash and stock deal.
Eurozone investor sentiment weakens as French outlook weakens
Sentiment among analysts and institutional investors pulled back from a four-year high this month with forward-looking confidence weakening, according to a closely watched survey from Sentix on Monday.
BT Group buys TalkTalk out of administration
BT Group said on Monday that it has bought TalkTalk out of administration on a debt-free basis.