London close: FTSE 100 punches away to positive close as sterling slides
UK blue chips punched away through Monday to achieve a firmly positive close, helped by sterling's retreat against a stabilising US dollar.
Forex
FX round-up: Sterling gets a shove higher as Carney sees potential for rate rise
Sterling got a firm shove higher on Wednesday as Bank of England governor Mark Carney suddenly declared UK interest rates might need to be hiked.
FX round-up: Sterling resumes lower as US dollar stabilises
Sterling resumed its position as market whipping boy again on Monday as the mighty US stabilised and nil-yielding gold plunged lower.
Hinkley project costs could rise by over 10%
EDF, the French energy supplier estimated that completing the new Hinkley Point nuclear plant could cost 10% more than previously thought, the BBC reported.
Regulator proposes energy price cap, new price comparison switching rules
More UK household energy bills could be trimmed under energy price cap proposals from regulator Ofgem, which has also confirmed new rules to enable consumers to switch energy supplier direct from price comparison sites and access previously hidden cheap deals.
Danone announces sale of Stonyfield to Lactalis
Danone, the French food group, sold one of its US dairy subsidiaries to rival Lactalis.
London midday: Stocks pare gains as pound slips below $1.30 after manufacturing data
Stocks in London were up but off earlier highs by midday as the pound slipped back below $1.30 after the latest UK manufacturing data fell short of expectations.
US pre-open: Stocks to edge higher ahead of Independence Day
US futures pointed to a slightly firmer open on Wall Street on Monday on what will be a shortened trading day ahead of the Independence Day holiday, as investors eye the release of some key manufacturing data.
Euro area unemployment steady at March 2009 lows
Unemployment in the euro area was unchanged in May in comparison to the previous month.
London IPOs on the up despite Brexit uncertainty
Initial public offerings in the UK are on the increase in 2017, despite ongoing political uncertainty related to Brexit negotiations.