IP Group wins mandate for Scottish Widows LTAF venture‑growth strategy
Venture capital firm IP Group said on Monday it has been appointed by Aberdeen Investments to manage a UK venture‑growth portfolio within the CG Scottish Widows Growth LTAF, one of the first workplace‑pension vehicles to channel members' savings into high‑growth British science and technology companies.
Europe open: Shares down despite Iran diplomacy moves; Alstom tanks on forecast cut
European shares opened lower on Monday as investors eyed tech earnings and the midterm elections, while oil prices also fell on hope of diplomatic progress in the US war on Iran.
London open: FTSE nudges lower ahead of busy week; oil prices fall
London stocks nudged lower in early trade on Monday at the start of a busy week that includes a raft of central bank policy announcements, the US midterm elections and the US non-farm payrolls report.
China's manufacturing sector remains on front foot - RatingDog
China’s manufacturing sector continued to expand in October, a closely-watched survey showed on Monday, surpassing expectations.
Alfa Financial Software COO to leave firm after 27 years
Alfa Financial Software announced on Monday that chief operating officer Matthew White is to step down from the asset finance software group after 27 years.
German retail sales fall by more than expected in September
German retail sales fell by more than expected in September, according to figures from the federal statistics office Destatis, underscoring the fragile state of consumer demand in Europe's largest economy.
Ibstock slashes profit guidance as brick market downturn deepens
Building products manufacturer Ibstock has downgraded full-year earnings expectations following a sharp deterioration in the UK brick market, warning that second-half profits will be materially below previous forecasts.
FirstGroup in £109m asset sale; Unveils contract wins
FirstGroup has agreed to sell five West Yorkshire depots and 330 buses to the West Yorkshire Combined Authority for £109m, generating an expected post-tax gain of about £30m and cash proceeds of around £55m in FY27. The phased fleet transfer will coincide with the rollout of bus franchising.
LondonMetric CFO steps down, FirstGroup secures £109m West Yorkshire fleet sale
LONDON PRE-OPEN The FTSE 100 was expected to open 21. 2 points lower ahead of the bell on Monday, after wrapping up the previous session 0. 07% firmer at 10,729. 78.
LondonMetric's veteran finance chief to retire
The long-standing chief financial officer of LondonMetric Property is to retire, the real estate investment trust announced on Monday.
London pre-open: Stocks to fall at start of busy week
London stocks were set to fall at the open on Monday as investors eyed this week’s policy announcement from the Bank of England, the US midterm elections and the US non-farm payrolls report.
Monday newspaper round-up: Oil companies, mortgage payments, Chery Automobile
The world’s biggest oil companies are on track to amass profits of more than $95bn (£71bn) in the third quarter as the war in the Middle East drives up the price of fossil fuels. The windfall war profits have sparked calls for oil corporations such as Saudi Aramco and BP to pay for environmental damage and help the world transition towards renewable energy. – Guardian.