What happened yesterday?
At the close, London stocks finished higher, following positive updates on U.S. President Donald Trump’s health. The FTSE 100 ended the day up 0.69% at 5,942.94, and the FTSE 250 was ahead 1.08% at 17,583.09. The pound was up 0.33% against the dollar to $1.2978 but fell 0.31% on the euro to €1.1008.
Likewise, Wall Street’s three main indices closed on positive ground on Monday, with the Dow Jones Industrial Average climbing 465.83 points, or 1.68%, to 28,148.64, the S&P 500 rising 60.16 points, or 1.80%, to 3,408.6 and the Nasdaq Composite going up 257.47 points, or 2.32%, to 11,332.49.
In company news:
Crowdfunding platform Crowdcube will acquire all the outstanding share capital of Seedrs in a merger that will create one of the world’s biggest private equity marketplaces.
French fashion brand Chanel has reportedly bought its boutique store on Bond Street for £310m, in a move that shows confidence for the central London commercial property market.
Lenders to Cineworld Group have called in advisers on the company’s £6.2bn debt as the chain announced the closure of 663 cinemas on both sides of the Atlantic.
US pharmaceuticals giant Bristol-Myers Squibb has announced plans to acquire California drugmaker MyoKardia for £10.1bn.