Trending tickers: Lionsgate, Nio, Boeing, AstraZeneca and Fresnillo
Bloomberg reported on Friday that Legendary first approached the company after Lionsgate finalised its separation from Starz Entertainment Corp in May, citing people familiar with the matter.
Read more: FTSE 100 LIVE: FTSE up and European markets dip amid fresh Trump tariff threats
Lionsgate owns the rights to popular franchises John Wick and The Hunger Games, while Legendary is the studio behind the Dune trilogy. Legendary is backed by Apollo Global Management (APO), which owns Yahoo.
Spokespeople for Lionsgate and Legendary had not responded to Yahoo Finance UK's request for comment at the time of writing.
Hong Kong-listed shares in Nio (9866.HK) jumped more than 11% on Monday, after the Chinese electric vehicle company unveiled a new line of SUVs.
Nio founder and CEO William Li announced the start of pre-orders for its ONVO L90 SUVs at a launch event last week. According to statement from the company on Thursday, prices for SUVs will start at RMB 279,900 for full purchase and RMB 193,900 with Battery as a Service (BaaS) option.
Nio said that the ONVO L90 SUVs will officially be launched by the end of July, with deliveries starting on 1 August in the Chinese market. The seven-seater vehicle was designed by former Bentley designer Raul Pires.
Shares in Boeing (BA) were in focus after it was reported that the US Federal Aviation Administration (FAA) issued a notification that fuel switch locks on its planes were safe.
Reuters reported on Sunday that the FAA's Continued Airworthiness Notification to Civil Aviation Authorities said: "Although the fuel control switch design, including the locking feature, is similar on various Boeing airplane models, the FAA does not consider this issue to be an unsafe condition that would warrant an Airworthiness Directive on any Boeing airplane models, including the Model 787."
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The notification on 11 July came after a preliminary report into Air India's Boeing 787-8 crash last month, in which 260 people were killed.
The report by India's Aircraft Accident Investigation Bureau (AAIB), released on Friday, said that fuel to the Boeing 787-8 Dreamliner engines was cut off shortly after the flight's take off on 12 June. The report said that switches controlling the fuel flow to the jet's engines had transitioned from "run" to "cutoff", hampering the thrust of the plane.
On the London market, AstraZeneca (AZN.L) was one of the biggest risers on the FTSE 100 (^FTSE) on Monday morning, with shares up 1.8%.
The rise in shares came after AstraZeneca said on Monday morning that its experimental drug baxdrostat had been successful in lowering high blood pressure in a late-stage study.
Read more: Stocks that are trending today
The pharma giant said that baxdrostat at two dose demonstrated a statistically significant and clinically meaningful reduction in mean seated systolic blood pressure (SBP) compared with placebo at 12 weeks.
Dr Bryan Williams, chair of medicine at University College London and primary investigator in the trial, said: "The highly promising BaxHTN Phase III results show that once-daily baxdrostat on top of standard of care can meaningfully lower systolic blood pressure and offer a potential new treatment approach for controlling hypertension, the leading risk factor for cardiovascular disease."
Miner Fresnillo (FRES.L) was the biggest riser on the FTSE 100 (^FTSE), with shares up more than 3% on Monday morning, supported by the rally in precious metals.
Gold futures (GC=F) were up 0.4% on Monday morning to $3,378.20, amid the latest concerns about US tariffs.
US president Donald Trump said the US would impose a 30% tariff on imports from Mexico and the EU starting 1 August, following weeks of stalled negotiations with both trading partners.
Fears about this latest escalation in trade tensions buoyed demand for gold as a safe-haven asset.
Silver prices also advanced on Monday, with the rise in both precious metals boosting the shares of Fresnillo.
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