5, +9.22% jumped 9% after China’s Ping An Insurance 2318, -0.31% nudged higher its stake to 8% from 7.95%. Last week, HSBC shares fell to their lowest since 1995, in the wake of a report on alleged money laundering activities at leading banks.
The Global Times last week said HSBC could be added to China’s “unreliable entities” list, so the Ping An move helped to counter those concerns.
British bookie William Hill WMH, -10.31% fell 13% to 273 pence, after rocketing 43% on Friday when it disclosed Caesars Entertainment and Apollo each were talking about placing separate bids. Caesars Entertainment CZR, +7.94% on Monday said it may offer 272 pence in cash for each share, valuing the company at £2.9 billion. Caesars said the deal, if it comes off, would better serve its customers in the fast-growing U.S. sports betting and online market.
DEO, +0.46% jumped 5% after the alcoholic beverages giant said its outlook for the fiscal year has improved, driven in large part by its U.S. business, due to “resilient” consumer demand and the spirits category continuing to gain share within the total beverage alcohol market.