Randgold Resources has agreed to nil-premium merge with larger Canadian rival Barrick Gold to create a $18. 3bn giant with five of the world's ten largest gold assets with two more potentially under development.
London stocks edged lower in early trade on Monday as fresh US-China trade tariffs kicked in, but Sky bucked the trend after Comcast outbid Fox for the broadcaster.
French supermarket group Carrefour has denied making an approach to Casino after its rival said it had been contacted about a possible combination.
Tour operator Thomas Cook warned that profits for the full year would be lower than expected after the long, hot UK summer created fierce than usual industry competition in the 'lates' market.
Environmental infrastructure company Pennon Group updated the market ahead of its half-year results to 30 September on Monday, reporting that its South West Water business had continued to deliver a “strong” operational and financial performance, with a focus on efficiency and customer service.
Tullow Oil announced on Monday that the Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, had encountered non-commercial hydrocarbons, with the well now being plugged and abandoned.
Great Portland Estates announced the appointment of Richard Mully as non-executive chairman on Monday, with effect from 1 February.
AstraZeneca announced positive results from the phase III DECLARE-TIMI 58 cardiovascular outcomes trial for ‘Farxiga’ dapagliflozin, which it said was the broadest SGLT2 inhibitor cardiovascular outcome trial conducted to date.
The exploration arm of French energy giant Total has unearthed a major gas discovery at its Glendronach site among the West Shetland islands, also giving a boost to UK partners Ineos and SSE, which each own 20%.
Sky urged its shareholders on Monday to accept a takeover offer from US cable company Comcast after it outbid Rupert Murdoch’s 21st Century Fox for the London-listed broadcaster.
Drax confirmed on Monday that it is in talks with Spain’s Iberdrola about the potential acquisition of a UK portfolio of pumped storage, renewable hydro and gas-fired generation assets.
London open The FTSE 100 is expected to open 19 points lower on Monday, having closed up 1. 67% at 7,490. 23 on Friday.
London stocks were set for a weaker open on Monday as worries about trade resurface.
US firms are taking advantage of the cheap pound to snap up some of Britain’s most successful businesses at bargain prices, according to the latest mergers and acquisitions data. The value of deals involving US companies buying UK businesses more than doubled to £79bn in 2017-18 from £36. 8bn in the previous year. The low value of sterling, which last week slumped to $1. 30 in the wake of Theresa May’s post-Salzburg statement, has given American buying power a boost and allowed US firms to outbid rivals.
The focus over the coming week will be squarely on the US central bank's policy meeting and its update guidance for the remainder of the year and looking out into 2019.
Wall Street finished on a mixed note on Friday, weighed down by weakness in the technology space, although the Dow Industrials did manage to eke out a fresh record high.
In the ‘Inside the City’ column for the Sunday Times, Sabah Meddings wrote how Hull-based food producer Cranswick was turning ‘fifth quarter’ cuts of meat - a pig’s ears, trotters and intestines - into lucrative business.
Theresa May’s aides have secretly begun contingency planning for a snap election in November to save the Brexit talks and her job after EU leaders rebuffed the prime minister’s Chequers plan. Two senior members of May’s Downing Street political operation responded to her summit humiliation in Salzburg last week by “wargaming” an autumn vote to win public backing for a new plan. - The Sunday Times.