Corporate results:

  • BAE Systems confirms sales and underlying EPS growth forecasts for fiscal 2023.
  • British Land posts higher first-half loss.

In other news:

  • Boeing - Emirates announced Monday at the opening of the Dubai Airshow that it had ordered 90 Boeing 777Xs and added five Boeing 787s to an existing order, worth $50 billion at list price.
  • Alphabet - Google is in talks to invest hundreds of millions of dollars in artificial intelligence startup Character.AI, Reuters reports.
  • Exxon Mobil is expected to unveil its lithium strategy on Monday, announcing plans to start producing the essential metal for electric vehicle batteries in Arkansas by 2026.
  • Chevron said on Monday that it had resumed natural gas supplies from the Tamar offshore gas field to customers in Israel and the region, after the Israeli Ministry of Energy asked it to resume production.
  • Micron was down 0.4% in pre-market trading after Chinese chipmaker Yangtze Memory Technologies Co (YMTC) filed a lawsuit against the US group for infringement of eight of its patents.
  • Tesla - British service station operator EG Group said on Monday it would buy Tesla ultra-fast charging units to boost its electric vehicle charging network across Europe, and will extend its network to more than 20,000 chargers at its own sites over time, up from more than 600 at present.
  • Streaming groups will pay bonuses of around $40 million a year as part of a tentative agreement between actors' union SAG-AFTRA and major Hollywood studios, union officials said Friday.
  • Voting to ratify the agreement with Netflix, Walt Disney, Warner Bros Discovery and other members of the Alliance of Motion Picture and Television Producers (AMPTP) is expected to conclude in early December, said actors' union chief negotiator Duncan Crabtree-Ireland.
  • Wynn Resorts - Las Vegas hotel workers have reached a tentative agreement with the casino operator, ending the threat of a strike that could have paralyzed tourism in the U.S. city.
  • Novo Nordisk claims Wegovy's heart benefits are not just due to weight loss, in data released Saturday at AHA.
  • BP Plc, Edison and Shell asked the US and EU to intervene in their dispute with Venture Global LNG.
  • Solvay presented the prospects for the two structures to emerge from its demerger.
  • Data recently stolen from Boeing by Lockbit is said to have been leaked on the Dark Web by a gang of cybercriminals. China may also reauthorize the purchase of B737MAXs for its airlines.
  • Exxon plans to start producing lithium in Arkansas by 2026.
  • Booking settles its tax dispute in Italy by paying 94 million euros.
  • Google in talks to invest in startup CharacterAI.
  • Sasol announced the resignation of its chairman Sipho Nkosi.
  • Nokia closes its €600 million share buyback program.
  • Roularta acquires Flow Magazine from DPG Media.