Trending tickers: US Steel, Kering, Tata Motors, BP and Entain
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United States Steel Corporation (X)
Shares in US Steel (X) were up 5% in pre-market trading on Monday, after president Donald Trump signed an executive order on Friday evening approving the takeover of the company by Japan's Nippon Steel (5401.T).
Shares in Tokyo-listed Nippon Steel rose 1.5% in Monday's session after its $14.9bn (£20.2bn) bid for US Steel was given the green light.
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In a joint statement, the two companies said that the approval of the "historic partnership" would "unleash unprecedented investments in steelmaking in the United States, protecting and creating more than 100,000 jobs".
US Steel and Nippon Steel said that they had entered into a national security agreement with US government, which would provide $11bn of investment by 2028. They added that this agreement included giving a "golden share" to the US government, which typically means that it would have the power to block certain actions.
Kering (KER.PA)
Luca de Meo has reportedly decided to leave French carmaker Renault (RNO.PA) to lead Gucci-owner Kering (KER.PA).
Shares in Paris-listed Renault slid 7% on Monday morning, while Kering surged more than 7%, following the reports.
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According to a Reuters report, Renault confirmed in a statement on Sunday that de Meo had "expressed his decision to step down in order to take on new challenges outside the automotive sector".
French newspaper Le Figaro reported that de Meo was set to become CEO of luxury group Kering, with François-Henri Pinault planning to step back.
Spokespeople for Renault and Kering had not responded to Yahoo Finance UK's request for comment at the time of writing.
Tata Motors (TATAMOTORS.NS)
Carmaker Jaguar Land Rover lowered its margin forecast for the 2026 fiscal year, prompting shares in its parent company Tata Motors (TATAMOTORS.NS) to fall 3.4% on Monday.
JLR trimmed its earnings before interest and taxes margins forecast to 5% to 7% from a previous estimate of 10%, according to a Reuters report.
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This updated forecast would also be below the 8.5% reported margin for the previous fiscal year.
It comes as uncertainty over tariffs looms over the auto sector, with Trump having imposed 25% duties on cars made outside the US. The UK announced a trade pact with the US in May that lowered tariffs on British cars to 10% for the first 100,000 vehicles exported to America.