1. Lloyds and London banks rally as market nerves continue
Lloyds Banking Group PLC (LSE:LLOY) and other London banks are standing out among European banking shares, which were hit this morning by renewed jitters in financial markets.
2. FTSE 100 up on Credit Suisse bond revolt
At the close, the FTSE 100 had recovered earlier losses to end the session 0.9% higher at 7,404 points.
3. BT Openreach faces ‘material threat’ from Virgin Media-CityFibre merger
Initial talks have taken place between Mike Fries, chief executive of Virgin Media O2’s parent company Liberty Global (NASDAQ:LBTYA), and CityFibre boss Greg Mesch for a £3bn tie-up.
4. Gold prices soar to record highs amid safe haven rally
Gold spot prices surged above US$2,000 per ounce for the first time in over 12 months on Monday, as its safe haven properties came to the fore.
5. Water company shares pumped higher as Ofwat announces new powers
Ofwat has announced new powers to block water companies’ dividend payments based on ‘financial resilience’ on Monday, aimed at boosting investment.