UK retail sales grew by an underwhelming amount in November despite shops stepping up their discounts leading up to Black Friday, data from KPMG and the British Retail Consortium showed on Tuesday, as cautious consumers chose to delay their Christmas spending.
UK stocks ended slightly lower with miners and oil firms pacing losses amid U. S. dollar strength heading into a week of potentially market moving economic data.
The market spotlight on Tuesday would be on the global services sector with a spate of closely followed survey results due out around the world.
European stocks swung between gains and losses on Monday as investor risk appetite was scaled back with markets trading at their highest in four months.
All eyes this week will be on the U. S. non-farm payrolls report for the month of November.
London’s equity markets closed lower on Monday as investors kept a watchful eye on upcoming US jobs data, while gold prices surged to record highs.
GB Group revealed on Monday that chief financial officer David Ward had acquired 10,000 ordinary shares in the AIM-listed identity verification and fraud prevention company.
London’s FTSE 250 was down 0. 2% at 18,375. 87in afternoon trade on Monday.
Wall Street stocks were firmly in the red early on Monday after the blue-chip Dow Jones turned in its fifth-straight winning week.
London’s FTSE 100 was down 0. 2% at 7,513. 28 in afternoon trade on Monday.
Security technology firm Spectra Systems said on Monday that it has entered into a conditional agreement to acquire security printing business Cartor for as much as £10. 5m.
Roche has agreed to buy obesity drug developer Carmot, a privately-owned US company based in California, for up to $3. 1bn.
Thor Energy announced the successful completion of its reverse circulation drilling programme on Monday, revealing promising downhole uranium gamma results at the Wedding Bell and Radium Mountain Projects in the Uravan Mineral Belt of southwest Colorado.
Nevada-focussed mineral explorer and developer Golden Metal Resources reported significant high-grade copper, silver, and gold mineralisation on Monday, following laboratory assay testing conducted after the completion of ground exploration at its wholly-owned Garfield project in the state’s Walker Lane Mineral Belt.
Manchester United and billionaire Sir Jim Ratcliffe are set to confirm a £1. 25 billion deal next week, it was reported on Monday, with Ratcliffe set to take a 25% stake in the football club.
US futures were in the red ahead of the bell on Monday after the blue-chip Dow Jones turned in its fifth-straight winning week.
Taiwan's Foxconn has reportedly halted production of Apple iPhones at its facility near the south Indian city of Chennai due to heavy rains.
Arecor Therapeutics announced a co-development and exclusive licence option agreement with an unnamed global medical products company on Monday.
London equity markets were still in the red by midday on Monday, with miners and energy stocks weaker, as investors looked ahead to key US jobs data this week and as gold prices hit record highs.
Deltex Medical updated the market on its commercial progress on Monday and on recent changes to its board, including the appointment of a new non-executive director.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.
The value of investments can fall and you may get back less than you invested.