Market Report
Some analysts sceptical of long-term impact of US tax cuts on economy
The upper chamber of the US Congress approved a tax cut package at the weekend, possibly paving the way for final approval for as soon as the end of this week, but market commentary is quite divided on just how powerful a boost it will deliver to the economy and the price the country will have to pay in terms of an increased debt burden.
Brexit: Theresa May ready to make agreement on Irish border
UK Prime Minister Theresa May has to European Union negotiating teams that no part of Ireland will be taken out of the single market and customs union after Brexit, Irish media reported on Monday.
CVS Health to buy Aetna in $69bn deal
US drugstore chain CVS Health has agreed to buy health insurer Aetna in a deal worth around $69bn.
Italy's Prysmian to buy General Cable in $3bn deal
Italian cable maker Prysmian Group has agreed to buy US rival General Cable in a deal that values the company at around $3bn including debt and other liabilities.
Reabold Resources takes 29pc of Danube Petroleum
Reabold Resources has signed an agreement with Danube Petroleum - a wholly owned subsidiary of ASX-listed ADX Energy - to invest a total of £1. 5m for a 29% interest in Danube.
David Butcher appointed GM of brands at Walker Greenbank
Luxury interior furnishings group Walker Greenbank announced the appointment of David Butcher as general manager of brands on Monday.
Major shareholders give Malvern £0.25m loans
Educational services provider Malvern International has entered into loan agreements with its two major shareholders, KSP Investments and CG Corp, whereby KSP and CG Corp will each loan the company £0. 25m, it announced on Monday.
Asia report: Markets mixed as investors digest Senate tax news
Markets in Asia finished mixed on Monday, after a declining session on Wall Street on Friday, as investors digested news out of the US that the Senate just passed its tax bill early on Saturday.
Europe midday: Stocks climb on news of Brexit agreement over Irish border
European stock markets were strongly higher on Monday morning as news broke of a possible breakthrough in Brexit talks and the dollar was boosted by US tax reform progress.
US pre-open: Stocks to make solid gains as investors cheer passing of US tax reform bill
US futures pointed to healthy gains at the open on Monday as investors welcomed news that the Senate Republicans have passed the tax reform bill.
London midday: Stocks pare gains as pound jumps on Brexit breakthrough hopes
London stocks were up but off earlier highs by midday on Monday, after the pound reversed earlier losses amid growing hopes of a Brexit breakthrough and following solid construction data, as investors welcomed the passing of the US tax reform bill.
Conygar to build new B&M store in Ashby-de-la-Zouch
Property investment and development group The Conygar Investment Company announced on Monday that on 1 December it exchanged a lease agreement with B&M Retail to construct a 20,000 square foot store with an additional 7,500 square foot garden centre and 79 car parking spaces at its site in Ashby-de-la-Zouch, Leicestershire.
Castleton Technology acquires Australian housing software firm Kinetic
Software and managed services provider Castleton Technology announced the acquisition of Kinetic Information Systems - a provider of software solutions to the community housing sector in Australia - for an initial cash consideration of AUD 2m (£1. 14m) and a deferred cash payment of AUD 0. 5m.
Egdon acquires P2304 from Europa Oil and Arenite
UK and Ireland-focussed exploration, development and production company Europa Oil & Gas announced the sale of its 50% interest in Promote Licence P2304 to Egdon Resources on Monday.
Cora Gold begins six-month drill programme at Sanankoro
West Africa-focused gold exploration company Cora Gold announced on Monday that, following the mobilisation of the rigs on 30 November, a six-month drill programme has started at its flagship Sanankoro gold discovery in Southern Mali.
Alliance Pharma to buy rights to lice treatment range Vamousse
Specialty pharmaceutical group Alliance Pharma has agreed to buy the worldwide rights to pesticide-free lice treatment range Vamousse from TyraTech Inc for an initial consideration of $13m and a deferred contingent of up to $4. 5m.
Bitcoin regulation looms in UK and Europe over money-laundering fears
European Union legislation to clamp down on bitcoin and other cryptocurrencies is expected withing coming weeks over concerns they are being used to launder money and evade tax.
Intercede secures contract with UK government ministerial department
AIM-listed software and service company Intercede has signed a contract with a UK government ministerial department that will generate revenue of around £250,000 in the current financial year and up to £500,000 in the following year.
UK housebuilding activity remains robust to lift construction PMI
UK construction activity rallied more than expected in November, according to a survey from IHS Markit released on Monday, with residential building leading the way.
Dialog Semiconductor admits Apple 'has capability' to make own power chips
Dialog Semiconductor said on Monday that Apple, its largest client by far, could potentially design its own power management chips "in the next few years", sending shares in the UK-based, German-listed chip maker into red for the second day in a row.