US close: Stocks finish higher on impressive factory data
New York Stock Exchange, NYSE, markets, Wall Street. Photo: Herval

Stocks started the week higher on Monday, on the back of a stronger-than-expected reading on the Empire State factory index and amid somewhat hawkish Fedpseak.

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Europe close: Political standoff weighs on Spanish stocks

Stocks on the Continent were little changed at the start of the week, save in Spain where the ongoing political standoff between the central government in Madrid and regional officials in Catalonia weighed on sentiment.

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Mercedes-Benz to recall almost 400,000 vehicles over faulty airbags
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German multinational automotive group Daimler, the parent company of Mercedes-Benz, announced on Monday that they would recall nearly 400,000 vehicles that were potentially fitted with a faulty airbag.

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London close: Stocks slip lower despite gains for miners
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London stocks slipped on Monday as miners rallied on the back of Chinese inflation data, but Convatec slid after a profit warning.

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Airbus chief willing to step down if 'no longer part of the solution'

Tom Enders, chief executive of French aeronautical giant Airbus, said on Sunday that he would be willing to step down from the role he had held since 2012 in an effort to safely guide the firm through ongoing corruption investigations.

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US open: Stocks push higher following upbeat factory data
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Stocks have started the week higher on the back of a stronger-than-expected reading on the Empire State factory index and amid somewhat hawkish Fedpseak.

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Telit confirms talks to offload automotive division
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AIM-quoted machine-to-machine (M2M) communications provider Telit Communications confirmed it was in "very early stage" talks to sell its automotive division.

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Tuesday preview: UK inflation could top 3pc; results from Pearson, Merlin, Asos

UK and eurozone inflation will be the big focus of the day, while the new reporting season kicks in with Asos, Bellway, London Stocks Exchange, Merlin Entertainment, Pearson and Virgin Money.

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Stellar Diamonds agrees sale price for Guinea assets
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West Africa-focussed diamond development company Stellar Diamonds announced on Monday that it has signed conditional share purchase agreements with Gold Knight - a wholly-owned subsidiary company of BDG Capital - in relation to the proposed sale of Stellar's assets in the Republic of Guinea, as it had previously announced on 5 June and 14 August.

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Genedrive signs distribution agreement with Sysmex
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Near-patient molecular diagnostics company Genedrive announced on Monday that it has signed a distribution agreement with Sysmex Europe, a subsidiary of Sysmex Corporation, for the Genedrive HCV ID Kit and Genedrive platform in the Europe-Middle East-Africa region, with an initial focus on Africa.

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FTSE 250 movers: Kaz and Vedanta gain as copper rallies
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London’s FTSE 250 was down 0. 3% to 20,205. 03 in afternoon trade on Monday.

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FTSE 100 movers: Miners rally as copper prices surge; Convatec crumbles on warning
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London’s FTSE 100 was flat at 7,534. 26 in afternoon trade on Monday.

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Blue Star's SatoshiPay opens IOTA demo to public

New technologies-focussed investment company Blue Star Capital announced on Monday that, further to its update on 29 September regarding SatoshiPay's proof-of-concept project with the IOTA Foundation, SatoshiPay has now released the proof-of-concept demo site to the public.

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Spectra Systems flags bumper royalties in current year
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Banknote authentication and brand protection technology provider Spectra Systems Corporation announced on Monday that it has been informed by its covert authentication technology licensee that royalties based on finished printed notes will reach a record level in 2017.

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InterContinental Hotels to make $74m from Avendra sale
Intercontinental Hotels Group, IHG, Holiday Inn, leisure

InterContinental Hotels said on Monday that the owners of Avendra, a North American hospitality procurement services provider in which it has a 6. 3% minority interest, have reached a binding agreement to sell the company to Aramark for $1. 35bn.

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Low and Bonar goes down after disappointing second half performance
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UK-based performance material company Low and Bonar said on Monday that increased prices for raw materials and more challenging market conditions in its civil engineering business led the firm to an unexpected loss.

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Iraqi troops move to retake Kirkuk from Kurdish control
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Iraq has taken control of key areas of the dispute city of Kirkuk, seizing the international airport, a key oil field and a military base in what is an oil-rich area bordering the Kurdistan Region.

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Physiomics losses widen as major contract awaited

Biology services group Physiomics saw its annual losses widen throughout the year ended 30 June as second-half revenue came in below expectations.

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Avesoro enters agreement to purchase new heavy mining equipment
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West African gold producer Avesoro Resources announced on Monday that its wholly-owned subsidiary Bea Mountain Mining Corporation has entered into equipment finance facility agreements with Mapa İnşaat ve Ticaret - a related party of the company - to facilitate the purchase of heavy mining equipment totaling $6. 1m.

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Palace Capital secures lease renewal on Farnborough Job Centre
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Commercial property investment company Palace Capital announced on Monday that it has renewed the lease on Princeton House, on Victoria Road in Farnborough, Hampshire.

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