FTSE 100 slips to 10,816 as weak breadth outpaces takeover, results news #
The FTSE 100 began Monday on the backfoot, with the London index marked at 10,816, down 15 points or 0.14%.
Oil producer Harbour Energy (LSE:HBR) was trading at 265.2p, up 2.47%, putting it among the morning's best-performing large-cap this morning.
Admiral (LSE:ADM) was up 1.68%, while Sunbelt Rentals adds 1.77% to 5,064p.
Marks & Spencer was also among the morning's better performers, up 1.37% to 393.2p.
On the downside, Haleon (LSE:HLN) has slipped further to 345.6p, down 2.04%.
Spire £1.03bn takeover leads busy morning RNS slate #
A quick look at some early headlines:
Spire Healthcare (LSE:SPI) agrees a £1.03bn takeover approach from a Toscafund-led consortium.
Standard Life (LSE:SDLF) lifts first-half operating profit by 25%.
Ashmore (LSE:ASHM) reports a jump in profit as emerging market inflows return.
The Works upgrades FY27 profit guidance on strong sales growth in its AGM trading update.
AstraZeneca (LSE:AZN) wins US approval for Etcamah in breast cancer.
IQE (AIM:IQE) posts a jump in revenue and swings to profitability.
Grainger (LSE:GRI) reaffirms guidance with rental growth edging up in its 11-month trading update.
SigmaRoc (AIM:SRC) acquires Lithuanian dolomite producer AB Dolomitas for €110m alongside interim results.
The full detail on this morning's news is in The Premarket Brief.
FTSE seen softer as Wall St futures dip, Nikkei surges, oil firms #
The FTSE 100 is seen steady ahead of Monday's open, with IG's early pre-market quote marked at 10,826, barely moved from Friday's close.
The muted call follows a weaker finish on Wall Street on Friday, where the Dow shed 285 points to 53,401, the S&P 500 fell 28 points to 7,719.65, and the Nasdaq Composite dropped 67 points to 26,517.19, all as a stronger-than-expected August jobs print fuelled bets on a more hawkish Federal Reserve.
In Asia, Japan's Nikkei 225 jumped 1,289 points, or 1.98%, to 66,310.
Crude is firmer early, with Brent up 0.88% at $96.07 per barrel and WTI up 0.96% at $90.96 per barrel.
Gold sits at $4,476 per ounce, the dollar index is flat at 99.165, and cable is little changed at 1.3514.
Bitcoin slipped 0.63% to $79,846.
As the new week begins, traders will be focused on the macro picture, especially given the growing conjecture over the US economy, inflation and concerns of a looming crunch. Eyes will be moving towards the Fed's next (LSE:NXT) policy decision, due next week, on 16 September, after stronger jobs data last week having sharpened rate-hike expectations heading into that meeting.
