Retail sales fell in June, industry research showed on Tuesday, as surging inflation and the cost-of-living crisis caused shoppers to cut spending.
Most major European stock market indices finished off their lows of the session but not Germany's Dax, due to concern that its supplies of natural gas from Russia might soon be cut.
London stocks were in a mixed state at the close on Monday, with miners under the cosh after China reimposed Covid curbs.
Financial markets' focus on Tuesday will be on the euro area where Germany's ZEW Institute will release its closely-followed gauge of economic confidence for the euro area's largest economy covering the month of July.
Autos&Parts and Travel Leisure paced losses in a down day for the FTSE 350 as the war in Ukraine dragged into its 138th day amid reports in recent days that Moscow had begun to mobilise reservists.
The UK has reportedly stopped the clock in a probe to request more information about French billionaire Patrick Drahi’s stake-building at BT Group, under a new law which could let officials impose conditions or even block the tycoon.
London’s FTSE 250 was down 0. 4% at 18,834. 97 in afternoon trade on Monday.
London’s FTSE 100 was flat at 7,195. 08 in afternoon trade on Monday.
Analysts at Berenberg lowered their target price on venture capital firm Molten Ventures from 1,300. 0p to 1,050. 0p on Monday but said a recent portfolio stress test proved the group's stock was "too cheap".
Floor coverings distributor Likewise Group had a number of entries in the list of director buys on Monday, after its chief executive officer, a non-executive director, and two other managers made purchases.
Wall Street stocks were in the red early on Monday as market participants prepped for the beginning of Q2 earnings season.
Biotechnology company BiVictriX Therapeutics updated the market on its pipeline on Monday, reporting “significant progress” with its lead candidate, ‘BVX001’.
Digital health platform provider Induction Healthcare has signed a non-exclusive software reseller agreement with System C Healthcare - a supplier of health and social care information technology systems and services - for the ‘Induction Zesty’ product in the UK.
High-speed packaging and automation company Mpac Group said in a trading update on Monday that it continued to make progress during its first half despite a “challenging” trading environment, although it warned on profit for the full year amid some serious operational difficulties.
Executive search and interim management company Norman Broadbent said in a trading update on Monday that, following a “strong” fourth quarter in 2021, net fee income in the first half of 2022 increased 20% to £3. 3m year-on-year, driven by growth in executive search net fee income.
Infection prevention technology developer Byotrol reported full-year sales of £6. 3m in a trading update on Monday, consisting of £5. 2m from product sales and £1. 1m from intellectual property sales and royalties.
Animal pharmaceuticals developer Eco Animal Health Group has signed a new bank facility agreement with its existing bank NatWest, it announced on Monday.
Hydrogen power technology developer AFC Energy announced on Monday that an agreement has been reached for the deployment of a further ‘Power Tower’ fuel cell generator system, in support of the decarbonisation of a London-based construction site.
North Sea-focussed upstream oil and gas company Serica Energy announced the spudding of the North Eigg exploration well on Monday.
Gas producer Kistos completed the acquisition of a 20% interest in the Greater Laggan Area (GLA) producing gas fields and associated infrastructure on Monday, from TotalEnergies.
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