The average asking price of a UK home rose 0. 8% on the month in February, or £2,414 to £300,001, following a 0. 7% jump the month before, according to figures released by Rightmove.
Real-time networking solutions provider BATM Advanced Communications told investors on Monday that full-year revenue would come in ahead of market expectations after its networking and cyber division, and its biomedical wing, both saw stronger than expected growth throughout 2017.
Markets in Asia were mostly higher in a quiet session on Monday, with Greater China bourses still on holiday for the Lunar New Year.
London-based investment firm United Oil and Gas appointed Kenmare Resources director Graham Martin to the board as a non-executive chairman with immediate effect.
Guernsey-based investment company Baker Steel Resources advised investors that Polar Acquisitions (PAL), its largest investment, has agreed to sell its interest in the Prognoz silver mine in Russia to its Channel Island neighbour, Jersey-based Polymetal International, in a deal worth more than $70m.
Computational biology services provider Physiomics saw revenue drop 57% to £74,000 over the six months leading to 31 December, but the Oxford-based firm believed that a resurgence of interest in rational drug design was just around the corner.
Theresa May plans to review the cost of tuition fees for 2019 as part of the Government’s 'value for money' initiative for British students after coming under pressure from the Labour party.
Softcat plc: Berenberg upgrades to buy with a target price of 650p.
FTSE 250 merchanting and DIY group Grafton has acquired London-based independent specialist decorators’ merchant Leyland SDM for £82. 4m on a debt-free, cash-free basis.
Xtract Resources announced a collaboration agreement between its subsidiary Explorator Limitida and Omnia Mining on Monday.
Surgical Innovations announced on Monday that its subsidiary Elemental Healthcare has signed a three year distribution deal with a Swiss company.
Gordon Dadds announced on Monday that it has acquired Cardiff solicitors Thomas Simon Limited for £1. 875m, plus an amount related to net tangible assets.
AA was under the cosh on Monday as Berenberg downgraded the insurer and roadside assistance company to ‘sell’ from ‘hold’ and cut the price target to 100p from 170p.
City of London Investment Group released its half-year results for the six months to 31 December on Monday, with funds under management reaching $5. 3bn (£3. 9bn) at period end, rising from $4. 7bn at the beginning of the financial year.
European shares slipped into the red at lunchtime on Monday as investors looked for something to chew on with US and China markets both closed.
Consumer goods company Reckitt Benckiser reported a rise in pre-tax profit for the year on Monday and an increase in revenue, although like-for-like sales were flat.
London stocks were still just in the red by midday on Monday, weighed by Reckitt Benckiser as investors paused for breath after last week’s solid gains.
Community regeneration housebuilder MJ Gleeson announced a “strong performance” for its first half on Monday, with profit before tax up 19. 1% and an increase in the interim dividend of 38. 5% to 9. 0p per share.
South eastern European-focussed property and investment company Secure Property Development & Investment announced on Monday that, as at 31 December, the net asset value of its portfolio of properties stood at approximately €51. 5m - including €2. 8m being the net value of the prepayments already made by year-end for the Olympians project in Romania.
Petra Diamonds warned on Monday that full-year earnings would come in below market expectations, having already issued a profit warning at the end of last month that reset analysts' forecasts.