Majestic Corporation shares rose in London as the e-waste recycler announced its admission to the US OTC market.

The move aims to increase accessibility for investors in US and Asia – two geographies where the group has operational expsoure.

Majestic will keep its Aquis listing and continue to distribute announcements via the Regulatory News Service (RNS).

“We value the support of the increasing global investor community that are interested in our story at Majestic,” said Peter Lai, Founder, CEO and Chairman of Majestic.

“Trading on the OTCQB will enhance access to Majestic’s equity for investors in both the US and Asia, while improving the stock’s liquidity. We remain grateful for the continued support of our investors and look forward to the future with excitement.”

Majestic Corporation specialises in returning critical minerals to the supply through e-waste recycling activities and is expanding rapdily in the UK.

The group is aiming to process 100,000 tonnes of materials annually by 2030.

The FTSE 100 rallied on Monday as European markets tracked Asian stocks higher amid trade negotiation hopes.

London’s leading index was 0.3% at the time of writing.

“A big recovery in Asian markets helped give the FTSE 100 a lift as investors look to put a difficult week behind them,” says AJ Bell investment director Russ Mould.

Investors will be laser-focused on talks between the US and China this week. The outcome and any accompanying social media posts by the US president could set the tone for financial markets and possibly push global indices to fresh record highs.

“Market sentiment improved slightly after President Donald Trump signalled that broad tariffs on China would be unsustainable and negotiators from both sides confirmed plans for renewed talks in the coming days,” said Kudotrade’s Konstantinos Chrysikos.

“Any progress this week could reinforce risk appetite.”

There was indeed a risk-on feel to trade in FTSE 100 shares on Monday as cyclical sectors, including financials, energy and engineering, gained.

The FTSE 100’s China-focused banking stocks were among the top risers with Prudential, Standard Chartered and HSBC gaining between 1.8%-2.2%.

Babcock was the top riser with gains of 2.4% as the defence contractor looked set to snap a losing streak.

Legal & General edged lower after announcing £2bn investment to spur the regeneration of regional housing and infrastructure.

Traders booked short-term gains in Pearson after the publisher surged on Friday. Shares were down 2.2% and were at the bottom of the leaderboard.

B&M European Value Retail has slashed its profit guidance for the current financial year after uncovering approximately £7m in unrecognised overseas freight costs.

Understandably, the market didn’t take the news well a re shares plummeted over 10% in early trading.

The discount retailer now expects adjusted EBITDA of £470m to £520m for FY26, down from its previous forecast of £510m to £560m announced just weeks ago on 7 October.

Half-year profits are also expected to fall short, coming in at around £191m rather than the £198m previously guided.

The accounting mishap stemmed from an operating system update implemented earlier this year. B&M said the underlying technical issue has been resolved.

B&M reiterated that like-for-like sales at its UK stores remain the key driver of performance. The company is maintaining its assumption of second-half UK comparable sales growth between low-single-digit negative and low-single-digit positive territory. Any weakness here will be damaging for the group’s share price which is already down 50% year-to-date.

The announcement comes alongside news that Chief Financial Officer Mike Schmidt will step down once a successor is appointed. The company said Mr Schmidt will remain in post to ensure an orderly transition. A search for his replacement has commenced.

The error emerged during the group’s half-year results consolidation process and said it now expects to release its interim results on 13 November 2025, when it will provide further updates on the freight cost issue.

Arc Minerals tumbled on Monday after announcing the termination of its joint venture with mining giant Anglo American, marking a major blow for the company’s Zambian copper exploration strategy.

The LSE-listed exploration company revealed that Anglo American has withdrawn from their partnership and surrendered all interests in the Zambian mining tenements. The decision came after a prolonged period with no drilling activity throughout 2025.

As part of the separation agreement, approximately $800,000 will remain in the joint venture company Handa Resources Limited’s bank account. Arc will resume full control of Handa after Anglo American surrenders its shareholding.

“While we are sorry to part company with Anglo American, I am pleased that we revert to a controlling position in what is widely regarded as one of the most prospective copper tenements in Africa with only a fraction having been drilled to date,” said Nick von Schirnding, executive chairman of Arc.

“We will explore our options for these assets which may include a new joint venture partner.

“We remain resolutely determined to complete the court processes underway in Zambia to deal with the improprieties carried out by an individual intent on holding the Company to ransom which we naturally will not countenance.”

Arc Minerals shares were down over 50% at the time of writing.