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FX round-up: Pound knocked lower by political uncertainty
Sterling retreated at the start of the week, weighed down by the risk of a leadership contest, against the backdrop of a stronger US dollar which was continuing to change hands just below its 52-week highs.
Government's response to fake news report 'disappointing', says committee
The government’s response to a July report on combating ‘fake news’ has been “disappointing” so far, according to parliament's committee for digital, culture, media and sport.
Bonds: Investors moves back into Gilts, rally in Italian BTPs cut short
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Commodities: WTI futures reverse course to trade higher, lacklustre trading in copper
Commodities traded slightly lower on Monday, with a stronger US dollar appearing to offset news of tax cuts in China.
London close: Stocks kick the week off lower amid political uncertainty
London stocks started the week on a down note despite a weaker pound, albeit on the back of heightened political uncertainty, even as investors continued to ponder the risk of another leg lower on Wall Street.
Europe close: Stocks forfeit early gains, some analysts hopeful
Stocks on the Continent finished with across-the-board losses on Monday, as Italian bonds fully reversed an early strong rally and investors continued to debate the likely direction of the next move for stocks on Wall Street.
Broker tips: Rightmove, Safestay, Provident Financial
Rightmove got a boost on Monday as UBS upped the stock to 'buy' from 'sell' following the recent selloff.
Director dealings: Crest Nicholson chairman ups stake after profit warning
Crest Nicholson executive chairman Stephen Stone purchased 150,000 ordinary shares in the FTSE 250 housebuilder on Monday.
BP wins approval for second North Sea project in two months
BP received approval on Monday for a development off the coast of Shetland which it is hoped will produce 20m barrels of oil, or 12,000 barrels gross of oil equivalent a day at peak.
Tuesday preview: Whitbread and Travis Perkins in focus
After a busy week, the UK economic data calendar will quite sparse this week, though there are several companies reporting, including cash-rich Whitbread and troubled Travis Perkins on Tuesday.
Sector movers: Oil&Gas falls to the bottom of the pile
Oil-related issues were at the bottom of the pile on Monday after Saudi oil minister, Khalid Al-Falih, said his country had no intention of repeating a scenario such as the 1973 oil embargo, when the Kingdom weaponised crude supplies for political purposes.
Saudi has no intention of repeating 1973 oil embargo, Al-Falih says
Crude oil futures slipped after Saudi oil minister, Khalid al Falih, said his country had no intention of repeating the 1973 oil embargo.
Tory rebels withdraw amendment to boycott Irish backstop
Tory rebel Steve Baker withdrew a parliamentary amendment that would have made the European Union’s backstop proposal illegal, according to reports on Monday.
US open: Stocks turn south after early gains
Wall Street trading got off to a mixed start on Monday with US-China trade developments back in the stoplight.
Whitbread unveils new hotel brand with pod-style rooms
Whitbread unveiled a new “no-frills” hotel branch that will offer basic pod-styled rooms to cater for budget travellers.
German travel firm Intosol floats in London to fund South African projects
Luxury travel firm Intosol has floated on the London Stock Exchange on Monday with plans for a post-listing fundraising to drum up funds to expand its South African boutique hotel brand.
Provident Financial's FCA authorisation 'critical', say analysts
Provident Financial's sub-prime bank and auto finance arms are making progress and while its doorstep lending unit continues to offer some concerns for analysts, there was optimism that a recovery is underway.
FTSE 250 movers: B&M boosted by acquisition as Provident Financial drops
London's FTSE 250 index was down 0. 1% to 18,783. 75 in afternoon trade on Monday.
Petra Diamonds output up 21% in Q1, backs FY guidance
Petra Diamonds posted a jump in first-quarter production on Monday as it backed its full-year output guidance.
Budget 2018: Hammond will struggle to end austerity and keep party happy
Chancellor Philip Hammond has some difficult decisions to make in order to end austerity and still keep the £100bn of recent policy promises made by Theresa May and her cabinet colleagues, according one respected thinktank.