Market Report
Elegant Hotels says takeover talks with Melia Hotels have ended
AIM-listed Elegant Hotels noted recent press speculation on Monday and confirmed that it had received an approach from Melia Hotels regarding a possible cash offer.
Europe open: Stocks climb as May flies to Brussels for Brexit talks
European stock markets were lifted on Monday morning ahead of the restart of key Brexit talks, as the single currency and sterling both sank against the dollar after the US Senate passed the Republican tax bill.
London open: Stocks rally as investors cheer passing of US tax reform bill
London stocks racked up strong gains in early trade on Monday, with sentiment underpinned by the passing of the US tax reform bill.
Euromoney buys mobile infrastructure information firm TowerXchange
Business information and events group Euromoney Institutional Investor has acquired 100% of Seven Site Media, trading as TowerXchange, it announced on Monday, in a transaction of undisclosed value.
Rio Tinto appoints Simon Thompson as new chairman
Rio Tinto has appointed non-executive director Simon Thompson as chairman with effect from 5 March 2018.
Monday newspaper round-up: BIS warning, Bitcoin, BT, AstraZeneca, Fox
Investors are ignoring warning signs that financial markets could be overheating and consumer debts are rising to unsustainable levels, the global body for central banks has warned in its quarterly financial health check. The Bank for International Settlements (BIS) said the situation in the global economy was similar to the pre-2008 crash era when investors, seeking high returns, borrowed heavily to invest in risky assets, despite moves by central banks to tighten access to credit.
Ryanair traffic rises 6% in November as load factor ticks up
Budget airline Ryanair reported a 6% jump in traffic for last month on Monday as the load factor edged higher.
London pre-open: Stocks seen up as May heads to Brussels for more Brexit talks
London stocks looked set to make solid gains at the start on Monday as Prime Minister Theresa May makes her way to Brussels for more Brexit talks.
National Express coasting along with two bolt-on acquisitions
Bus and coach operator National Express Group spread some festive December cheer with a small but bulging offering on Monday of positive recent trading and two overseas acquisitions.
US close: Stocks shrug off political drama, focus on tax reforms
Stocks ended only slightly lower on Friday, brushing off news that ex-US National Security adviser, Michael Flynn, was set to testify against his old boss, President Trump.