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Prime Minister Keir Starmer's resignation has sent ripples through the UK markets, with the pound and government bond prices dipping slightly. This development could see Andy Burnham step into leadership, potentially reshaping economic policy. Investors are now keenly watching who will be appointed as the next finance minister, especially given the previous minister's efforts to reassure bondholders about fiscal stability.
Cochin Shipyard shares dipped Monday following reports of a potential government Offer for Sale (OFS) at a discount. The government, aiming to raise funds, is reportedly planning to sell a stake soon, adding to recent disinvestment activities in other public sector undertakings. Despite a recent stock decline, the company has shown strong long-term returns and improved operational efficiency in its latest earnings report.
UK Prime Minister Keir Starmer said on Monday he would resign, with a new leader to be in place by the time parliament returns in September. Stay tuned to this LIVE blog for all the latest updates.
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