Market report: Disappointing debut for Canal+, Entain civil action and Royal Mail sale.

• Canal+ makes a disappointing debut on the London Stock Exchange.
• Cautious trading ahead of Fed interest rates decision due this week.
• Entain shares fall by around 5% after its accused of money laundering failings.
• Deal to sell Royal Mail signed sealed and delivered before Christmas following government approval of takeover.
• The huge appeal of weight loss drugs shows up in performance of Polar Capital Global Healthcare Trust.
• Brent crude drops slightly in prices to trade around $73 a barrel.

Susannah Streeter, head of money and markets, Hargreaves Lansdown:

‘’It’s been a lacklustre Monday so far in London, with overall trading muted and a disappointing debut for Canal+. It was not a blockbuster open for the film production company which saw shares fall by more than 13%. However, IPOs are often hit with volatility during the first few hours, days and even weeks of trading, and the choice of London as a destination for the spin off company is still a boost for the City, especially given that the decision was made due to London’s appeal among international investors. Its former parent company Vivendi is also spreading cheer in Paris and Amsterdam where it’s spun off Louis Hachette