London stocks closed above the waterline on Monday, with pharmaceuticals giant GlaxoSmithKline pacing the advance after it confirmed it had rejected an offer from Unilever for its consumer healthcare arm.
Motor finance specialist S&U disclosed a sale-and-purchase of its shares on Monday, involving chairman Anthony Coombs and deputy chairman Graham Coombs.
London’s FTSE 250 was 0. 6% firmer at 22,868. 49 in afternoon trade on Monday.
Unilever on Monday maintained it was still keen to buy GSK's consumer healthcare arm, calling it a "strong strategic fit", despite having its latest £50bn offer rejected as it also flagged a restructure of the group later this month.
Economic forecasters are set to stage a two-week walkout over, ironically, below-inflation pay offers.
Freight management provider Xpediator announced on Monday that its subsidiary Delamode International Logistics has signed a 10-year lease for a new, purpose-built 180,000 square foot storage, fulfilment and distribution warehouse in Roosendaal, the Netherlands.
Analysts at Bank of America reiterated their 'neutral' rating on Unilever's stock on Monday following news that it had made three bids for GlaxoSmithKline's consumer health business, telling clients they believed that upside and downside risks to the share price were "well balanced" at current levels.
London’s FTSE 100 was up 0. 8% at 7,604. 90 in afternoon trade on Monday.
Analysts at Bank of America reiterated their 'neutral' recommendation for shares of Unilever following news at the weekend that it had made three bids for GlaxoSmithKline's consumer health business, telling clients they belived that upside and downside risks to the share price were "well balanced" at current levels.
Tavistock Investments has agreed to acquire the entire issued share capital of Morgan Financial Group, it announced on Monday, which it described as an independent financial advisory group with offices in Bath and Cheltenham.
Technology investment company Vela has invested £0. 75m in EnSilica, it announced on Monday, which it described as a fabless semiconductor design business focused on custom mixed-signal application-specific integrated circuits (ASICs).
Green hydrogen technology outfit Clean Power Hydrogen has announced its intention to list its shares on the London Stock Exchange's Alternative Investment Market.
Footfall at UK retail destinations rose last week as shoppers returned to high streets, according to data released on Monday by retail analyst Springboard.
North America-focussed metallurgical coal miner Bens Creek Group announced on Monday that, following discussions with its offtake partner Integrity Coal Sales of New York, it had started the sale and delivery of metallurgical coal.
Connected health management technology developer Trellus Health said on Monday that clinical research conducted by its co-founders Laurie Keefer and Marla Dubinsky had associated the ‘GRITT’, or ‘Gaining Resilience Through Transitions’. methodology with significantly lower healthcare utilisation, corticosteroid and opioid use in patients with inflammatory bowel disease (IBD).
Housebuilder and brownfield developer Inland Homes announced on Monday that the application by the London Borough of Hillingdon to seek a judicial review of the Mayor of London's decision to approve plans for 514 homes at Hillingdon Gardens had been quashed by the High Court.
Investment company Forward Partners announced the appointment of Lloyd Smith as its chief financial officer on Monday, with effect from 21 March.
Flooring designer, manufacturer and distributor Victoria announced on Monday that it has received the £150m investment from Koch Equity Development.
Indonesian palm oil producer MP Evans reported a 15% increase in crude palm oil production in 2021 on Monday, to 312,900 tonnes, while palm kernel production was 11% higher year-on-year at 67,100 tonnes.
European stocks opened slightly higher on Monday as investors eyed Unilever’s attempts to buy the consumer health division of GSK.
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