1. Currys rejects low-ball £700mln offer, second bid emerges
Currys PLC (LSE:CURY) rejected an unsolicited £700 million takeover offer from the UK arm of the American activist investment firm Elliot Advisors with a second bidder then emerging.
2. Government further reduces NatWest stake
Some 1.4% of the bank’s shares were sold off on Monday, taking the taxpayer’s ownership stake from 34.96% to 33.56%.
3. AstraZeneca rallies as Tagrisso gets US lung cancer approval
AstraZeneca PLC (LSE:AZN) shares swung 4% higher on Monday after blockbuster drug Tagrisso (osimertinib), with the addition of chemotherapy, was approved in the US for a specific type of lung cancer.
4. FTSE 100: Blue chips climb as Rolls-Royce leads gains
FTSE 100 up 13 points at 7,725.
5. Airbnb faces decline in UK listings under new rules
Hosts will need to receive planning permission before they can rent out short-term lets through property rental sites such as Airbnb, the new legislation stated.