- An escalation of the Russian scandal in Washington failed to shake markets on Monday as the FTSE 100 closed down 0.2% at 7,487.81.

DIY retailer Kingfisher (KGF) was among the top FTSE 100 risers, up 1.7% to 634p as Goldman Sachs ups its rating on the stock from 'neutral' to 'buy' and increases its price target from 330p to 375p.

The housebuilders suffered after negative broker comment from Barclays which downgrades its recommendation on several stocks in the sector. Berkeley (BKG) endures the share price biggest hit, down nearly 2% to £37.36.


The Dow Jones opened down 0.3% at 23,360.45 but a broadly flat NASDAQ suggested news a former Trump aide had surrendered himself to the FBI was being taken in the market's stride.


Bank HSBC (HSBA) fell 1.5% to 737p despite third quarter revenue of $13bn coming in slightly ahead of expectations for $12.7bn. This positive was overshadowed by pre-tax profit short of forecasts at $5.4bn, down 1% year-on-year.

Commodities trader Glencore (GLEN) gained 0.8% to 370p after the company upgraded guidance for its trading arm for the third time so far in 2017. Again, there was some bad to balance out the good as its mining division was forced to cut production guidance for copper and zinc.

Budget airline EasyJet (EZJ) gained 2% to £12.98 on news it has acquired part of the collapsed Air Berlin's operations for €40m. The deal encompasses leases on 25 planes, flying crews and prized runway slots.

Millennium & Copthorne Hotels' (MLC) shares edged higher to 590p after it reported a 19.6% increase in third-quarter profits. In constant currency, revenue for the first nine months increased by 4%, which was mainly due to newly refurbished hotels and new property added to the portfolio. The group's shares were up by over 0.4%.


Storage group Lok'n Store (LOK) shares rose after strong revenue and earnings growth and its sixth successive year of a substantial increase in its dividend. The group has created a strong platform for rapid growth having secured an increase in its new store pipeline to 11 stores which will add around 45% more space to its operation over the coming years. Lok'n Store's shares were up by more than 3.7% to 376p.

At market close:

[LON:BKG] Berkeley Group Holdings The PLC share price was -53p at 3754p

[LON:EZJ] easyJet PLC share price was +25p at 1298p

[LON:GLEN] Glencore PLC share price was +2.8p at 370p

[LON:HSBA] HSBC Holdings PLC share price was -11.3p at 737p

[LON:KGF] Kingfisher PLC share price was +6.3p at 316.6p

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