European stocks were in the red on Monday amid investor caution following the previous week's big gains and regarding China’s growth prospects.
London's stock markets closed in the red on a globally subdued Monday, with investors eagerly anticipating the Bank of England's monetary policy decision expected later this week.
Industrial Engineering was the weakest segment of the market at the start of the week amid profit-taking following the prior week's gains.
Homebuilder confidence in the States moved back into positive territory for the first time in 11 months, helped by a dearth of housing inventory and improving supply chain efficiencies.
RBC Capital Markets cut its price target on Travis Perkins on Monday to 1,200p from 1,250p.
Tuesday's focus in markets would be on a raft of speakers from the European Central Bank.
Online fast fashion retailer Boohoo announced its intention to oppose the reappointment of three directors of Revolution Beauty Group on Monday, requesting a general meeting to make significant changes to the company's board composition.
JPMorgan Cazenove slashed its price target on Croda on Monday to 5,000p from 6,200p and retained its ‘underweight’ rating.
London’s FTSE 250 was down 0. 9% at 18,866. 25 in afternoon trade on Monday.
On the buying side of the ledger on Monday was CentralNic Group, which disclosed that Kestrel Partners had bought more than 70,000 shares.
Next surged on Monday after the retailer upgraded its full-year sales and profit guidance following much better-than-expected trading in the last seven weeks, boosted by warmer weather and the impact of pay rises.
London’s FTSE 100 was down 0. 5% at 7,603. 97 in afternoon trade on Monday.
London stocks were still weaker by midday on Monday amid concerns about China’s growth prospects, and as investors eyed another rate hike by the Bank of England this week.
European stocks were still in the red by midday on Monday as investors fretted about China’s growth prospects.
Kefi Gold and Copper updated the market on the Tulu Kapi Gold Project in Ethiopia on Monday, announcing that all outstanding major financing conditions precedent requiring Ethiopian government input had been met.
Clinical technology company Feedback released a positive trading update for the 12 months ended 31 May on Monday.
Abingdon Health announced the release of ‘Salistick’, a saliva pregnancy test, in the United Kingdom and Ireland on Monday.
Barryroe Offshore Energy announced plans to initiate an orderly wind-down of its business via a creditors voluntary liquidation (CVL) on Monday, after its recent working capital update on 8 June.
Minerals development company Anglesey Mining updated the market on its Parys Mountain project on the Isle of Anglesey on Monday, reporting significant progress.
Greatland Gold updated the market on its Havieron project in Western Australia on Monday - a joint venture with Newcrest Mining, which holds a 70% stake.
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