European shares headed towards a one-month high on Monday, with a rally in China's markets setting an upbeat tone as investors banked on the world's second biggest economy to lead a recovery from the coronavirus-induced slump.
) were the top gainers, surging about 6% after reports that British Finance Minister Rishi Sunak planned to raise a property tax threshold, among other steps to reduce the economic toll of the health crisis. [.L]
Barratt said it was starting the new financial year with “cautious optimism” as its forward order book improved. Sonova , the world’s biggest hearing aid maker, rose 5.0% after saying it would close some stores and cut jobs as it expects first-half results to only partially recover from the pandemic hit.
Nordic banking group Nordea rose 3.0% after it agreed to buy the occupational and individual pension portfolios from Frende Livsforsikring AS. Swiss speciality chemicals group Clariant slumped 13.6% to the bottom of STOXX 600 on trading ex-dividend.Our Standards:
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