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CML Microsystems sees 'pleasing performance' in second half
Semiconductors manufacturer CML Microsystems delivered a "pleasing performance" throughout the second half of its trading year that helped push full-year revenue and profitability ahead of the previous year.
Hostelworld appoints Gary Morrison as CEO as Mooney steps down
Feargal Mooney will step down as chief executive officer of hostel-focused online booking platform Hostelworld in June after 10 years in the role and will be replaced by Expedia executive Gary Morrison.
Sears rallies as it explores sale of Kenmore brand, other assets
Sears rallied on Monday after saying it is initiating a formal process to explore the sale of its Kenmore brand, home improvement products business and parts direct business.
FTSE 100 movers: Paddy Power Betfair surges on US Supreme Court ruling; ITV drops
London's FTSE 100 was down 0. 1% in afternoon trade on Monday, although Paddy Power got a late boost following a ruling from the US Supreme Court.
FTSE 250 movers: IWG soars on takeover talk; Entertainment One turns off investors
IWG was the darling of the FTSE 250 on Monday as the stock surged 22% on news late Friday it had received an approach from private equity group Lone Star and two separate indicative proposals from Starwood and TDR regarding a possible cash offer for the business.
US pre-open: Stocks seen up as worries about US-China trade war ease
US futures pointed to a positive open on Wall Street on Monday as worries about a trade war between the US and China eased.
Tern invests in surgical simulation firm FundamentalVR
Specialise ‘internet of things’ (IoT) investment company Tern has raised £0. 7m before expenses through an unconditional placing of 3,783,784 new ordinary shares, it announced on Monday.
Mirada board expresses sympathies after sudden death of chairman
Mirada’s board has confirmed the sudden death of the company's chairman Javier Casanueva on 12 May.
HSBC performs the world's first trade finance transaction using 'blockchain'
HSBC Holdings said on Monday it performed the world’s first trade finance deal using Corda, a single blockchain system.
Brave Bison launches advertising partnership with Unruly
AIM-listed social video company Brave Bison has launched an advertising partnership with video marketplace Unruly.
Europe midday: All eyes on Italy and Spain
All eyes are on the euro area periphery on Monday, with investors focused on ongoing coalition talks in Italy but also on events in Spain, where the regional Catalan assembly has voted-in its new President, possibly easing the way for approval of the 2018 state budget.
Caspian Sunrise warns of 'slower than expected' progress
Oil and gas developer Caspian Sunrise reported progress "in a number of areas" in 2017 but warned that progress had been "slower than expected" in 2018.
Italy parties close to power sharing deal ahead of talks with president
Italy’s 5-Star Movement and League parties were close to signing off on a power-sharing deal on Monday they could take to the nation's president later in the day.
Nostra Terra shares slump after Texas well forced to shut down
Oil and gas firm Nostra Terra saw its shares dip on Monday after the company reported that operations have shut down at its C8 well in the Permian Basin, Texas.
Bernstein upgrades Compass after pullback
Catering company Compass got a boost on Monday as Bernstein upped the stock to 'outperform' from 'market perform'' and lifted the price target to 1,750p from 1,650p following a recent pullback in the shares and ahead of what it reckons will be a stronger second half.
Monday broker round-up
ZPG: RBC Capital Markets downgrades to sector perform with a target price of 490p.
OPEC forecasts new supplies will outpace demand growth in 2018
The Organisation for Petroleum Exporting Countries nudged higher its forecast for growth in crude supplies from outside the cartel this year, predicting it would outpace the expected increase in demand.
Trump u-turn on ZTE ban catches markets by surprise
US President Donald Trump caught markets unaware again on Monday after he ordered the US Commerce Department to help Chinese telecoms company ZTE after almost putting it under.
Harvest Minerals gets KPfertil registered as remineraliser in Brazil
Natural fertiliser producer Harvest Minerals has been informed by the Ministry of Agriculture (MAPA) in Brazil that its application to register KPfértil as a remineraliser has been conditionally approved, pending the submission of additional materials.
Petro Matad prepares for Snow Leopard 1 drilling
Mongolian oil explorer Petro Matad updated the market on its planned 2018 exploration drilling programme on Monday, confirming that environmental permitting for Snow Leopard 1 was now complete.