European markets mixed as shortened Christmas week begins; UK economy stalls – CNBC

UK 10-year government bond yields edged higher on Monday, rising 2 basis points to trade at 4.532% by 10:46 a.m. London time.

The announcement comes after revised GDP statistics showed that the UK economy was flat in the three months to September.

Britain's borrowing costs hit a one-year high last week, but have since retreated from that level.

— chloe taylor

British insurance company Aviva has reached an agreement to acquire rival Direct Line, the companies announced on Monday.

The cash and share offer will reward Direct Line shareholders with 0.2867 Aviva shares for each Direct Line share they own, as well as 129.7 pence ($1.63) in cash and up to 5 pence in dividends.

The companies said the agreement values ​​DirectLine's overall diluted share capital at approximately 3.7 billion pounds ($4.65 billion), based on the Nov. 27 closing price of Aviva shares.

Aviva's London-listed shares were up 0.3% as of 10am London time, while Direct Line shares were up 3%.

— chloe taylor

The UK economy failed to achieve any growth in the three months to September. Revised numbers The UK's Office for National Statistics revealed this on Monday.

Preliminary forecasts for the third quarter released by the ONS last month showed UK GDP growth for the period was 0.1%. However, the final data released on Monday showed the GDP growth rate was 0% quarter-on-quarter.

Earlier this month, ONS data showed the UK economy unexpectedly contracted in October.

— chloe taylor

automaker giant honda, nissan and mitsubishi Amid rumors that Honda and Nissan will begin merger talks, the two companies are scheduled to hold a joint press conference at 8 a.m. London time on Monday.

Reports of a possible partnership first surfaced last week, sending shares in the French automaker higher. renaultowns a minority stake in Nissan. Mitsubishi is an existing partner of Renault and Nissan.

— chloe taylor

broadcom Likely to deliver greater returns to investors than AI chip leader in 2025 Nvidiasays fund manager Steven Yu.

Mr. Yiu, Portfolio Manager of Blue Whale Growth Fund, said: microsoft, Amazon, google and meta platformused to buy up a lot of Nvidia's graphics processing units (GPUs), but now, to diversify, it's also developing its own custom chips for artificial intelligence applications.

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— Ganesh Rao

European markets are expected to open higher on Monday.

british FTSE100 The index is expected to open 8 points higher at 8,098. dachshund France up 12 points to 19,919 CAC Italy up 7 points to 7,291 FTSE MIB It rose 76 points to 34,031, according to IG data.

The data release includes final economic growth data for the UK and Spain.

— Holly Ellyatt