Investors booked some profits in the Oil&Gas space following sharp rallies over the course of November on the back of much better-than-expected news regarding progress on developing effective vaccines against Covid-19.
Wall Street stocks closed firmly in the red on Monday following a record-setting Thanksgiving week.
Investors booked some profits at the end of a very strong month for European shares, while keeping a wary eye on Covid-19 vaccine news and on the back of weaker oil prices ahead of a meeting of oil producers and Brexit trade talks.
Financial markets' focus at the start of December will continue to be on global manufacturing sector conditions, with surveys covering activity in the US, UK and euro area during the month of November all due out.
London stocks finished in the red on Monday, as market watchers kept an eye on the looming collapse of Arcadia Group, and digested rocketing mortgage approvals in the UK.
Homeware retailer Dunelm rallied on Monday after RBC Capital Markets upgraded its stance on the shares to 'outperform' from 'sector perform', saying the recent pullback provides a buying opportunity.
Specialist safety services company Marlowe has acquired Wrightway Health for an initial consideration of £3. 5m, it announced on Monday.
Oil and gas exploration company Eco Atlantic has negotiated the reissue of its four licences in the Walvis Basin, offshore Namibia, it announced on Monday, conditional to the customary final government signature.
Michelmersh revealed on Monday that non-executive director Anthony Morris had acquired 22,658 ordinary shares in the xxx listed brick manufacturer.
London’s FTSE 250 was down 0. 2% at 19,419. 31 in afternoon trade on Monday.
Symphony Environmental Technologies has received further successful test reports from the University of Campinas in Brazil, it announced on Monday, on its anti-viral nitrile gloves and polypropylene fabric facemasks, made with its ‘d2pAM’ antimicrobial technology.
The British billionaire brothers behind the £6. 8bn takeover of supermarket chain Asda are poised to swoop on coffee chain Caffe Nero, it was reported on Monday.
Wall Street stocks opened in the red on Monday following a record-setting Thanksgiving week.
Frasers Group, formerly Sports Direct, confirmed on Monday that Philip Green’s Arcadia retail group has rejected its offer of a lifeline loan of up to £50m.
London has suffered the biggest fall in job opportunities among Europe’s biggest cities, according to a report by Indeed that showed the effect of Covid-19 on capitals across the region.
London’s FTSE 100 was down 0. 3% at 6,346. 07 in afternoon trade on Monday.
The Trump administration is poised to add Chinese chipmaker SMIC and oil and gas producer CNOOC its blacklist.
Bodycote: JP Morgan downgrades to underweight with a target price of 635p.
Homeserve is set to drop out of the FTSE 100 on Wednesday after a brief stay as investors shift their bets from steady earners to undervalued shares with Covid-19 vaccines in the pipeline.
Confidence in the UK's booming house market showed signs of cooling last month, according to research published by Halifax on Monday.
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