Retail sales eased in September, data showed on Tuesday, as the UK’s post-pandemic recovery continued to lose momentum.
The focus in financial markets on Tuesday will be on the latest UK labour market data, which is expected to show a dip in the rate of unemployment and a modest slowdown in wage growth.
London’s FTSE 250 was down 0. 4% at 22,451. 67 in afternoon trade on Monday.
Morgan Stanley has upgraded its rating on Hargreaves Lansdown, in line with a steepening in the UK rates curve.
Private equity and investment giant KKR announced the appointment of Joe Bae and Scott Nuttall as co-chief executive officers on Monday, with co-founders Henry Kravis and George Roberts to remain involved with the company as executive co-chairmen of its board.
Thor Mining announced the start of the maiden drilling programme at its wholly-owned Ragged Range Project in Eastern Pilbara, Western Australia on Monday.
Technology metals mining company AfriTin Mining updated the market on its down dip extensional drilling programme designed to elucidate mineralisation of the V1/V2 pegmatite at depth on Monday.
Shares of Flexion Therapeutics surged on Monday after it agreed to be bought by Pacira BioSciences in a $427. 5m deal.
Pantheon Infrastructure is to float on the London market as it seeks to raise $300m, it was announced on Monday.
London stocks were still a little firmer by midday on Monday, underpinned by a strong performance in the mining sector, as investors shifted their attention to the inflation outlook.
Caribbean, Latin America and Europe-focussed energy and natural resources company Ascent Resources updated the market on the gas price situation at its Petisovci gas project in Slovenia on Monday, following recent significant increases in global gas prices.
Markets closed in a mixed state in Asia on Monday, with Meituan leading a surge for China’s technology plays in Hong Kong after it became the latest target of regulators in Beijing.
London stocks closed in a mixed state on Monday, with the top-flight index in positive territory, underpinned by a strong performance in the mining sector.
Peel Hunt downgraded its stance on Asos on Monday to 'add' from 'buy' and slashed its price target for the stock to 5,000. 0p from 6,500. 0p after the online fashion retailer announced the departure of its chief executive and warned on profits.
Crimson Tide revealed on Monday that non-executive director Jacqueline Daniell had acquired 1. 67m ordinary shares in the AIM-listed software firm.
Mineral exploration and development company Kodal Minerals announced on Monday that high-grade gold mineralisation had been returned from re-split sampling for the reverse circulation (RC) drilling at the Nielle Project in northern Cote d'Ivoire.
Oil prices continued to climb on Monday, with both Brent and West Texas Intermediate hitting fresh highs.
UK electric vehicle charging group Pod Point has revealed plans for a London stock market listing as it seeks to capitalise on a petrol and diesel vehicle ban in 2030.
Banknote authentication and security technology company Spectra Systems announced on Monday that one of its long-time central bank customers had placed a new annual order as part of another five-year renewal agreement.
Equity strategists at JP Morgan reiterated their forecast for a "significant" internal rotation heading into year-end, further telling clients that fears of stagflation might soon ease and that weakness in stock market indices was unlikely to last.
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