The market spotlight on Tuesday will shift to Asia where Chinese authorities will publish the first of the week's main economic reports, covering inflation in the world's second-largest economy.
Wall Street stocks closed lower on Monday, with last week's ransomware attack on a major US fuel pipeline and a rotation out of growth stocks both dominating the session.
UK retail sales rose 7. 3% in April, boosted by strong demand after non-essential stores reopened, industry figures showed.
European stocks were mostly higher on Monday, with British stocks the main exception as the pound moved above $1. 41 for the first time since February.
London stocks finished just below the waterline on Monday as a stronger pound offset the positive sentiment around the lifting of Covid-19 restrictions.
Stifel downgraded its stance on shares of St Modwen to 'hold' from 'buy' on Monday but lifted the price target to 542. 0p from 450. 0p, bringing it in line with the proposed takeover offer received by the company from US private equity firm Blackstone last week.
Television technology company Amino Technologies has submitted a bid through a wholly-owned subsidiary to acquire the trade and assets of MobiTV and MobiTV Services Corporation, a United States-based live and on-demand television platform provider, it announced on Monday.
The government is preparing to sell up to around £1bn of NatWest Group, it was reported on Monday, taking the Treasury closer to minority shareholder status.
Vitec Group revealed on Monday that chief executive Stephen Bird had disposed of 125,000 ordinary shares in the London-listed video streaming solutions provider.
BioNTech revised its full-year sales forecast higher on the back of feverish demand for its Covid-19 vaccine and announced further progress in oncology pipeline.
London’s FTSE 250 was down 0. 5% at 22,657. 93 in afternoon trade on Monday.
The average daily rate of new Covid infections in the US fell below 41,000 at the weekend, which was down 30% from two weeks before.
Leak detection and remediation technology company Water Intelligence announced another insurance national account win on Monday, its third for the year-to-date.
London’s FTSE 100 was down 0. 3% at 7,110. 86 in afternoon trade on Monday.
Analysts at Credit Suisse reiterated their 'outperform' recommendation and 228. 0 target price on shares of IAG, hailing management's target of returning to an operating margin of 10-15%.
The chief executive officer's of the five major technology companies in the world sold $6. 36bn worth of stock in their firms between January and May 2021, revealed the latest data from Finbold.
Trulieve Cannabis is to snap up Harvest Health & Recreation in a $2. 1bn deal, one of the fledgling industry’s largest-ever.
Wall Street trading got off to a mixed start on Monday, with both energy and cybersecurity stocks in focus following a ransomware attack that shut down a major US fuel pipeline.
St Modwen: Liberum downgrades to hold with a target price of 542p.
The National Institute of Economic and Social Research has upped its growth forecasts for the UK, the influential think-tank confirmed on Monday.
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