Market Pulse
EnQuest boosted by UBS upgrade to 'buy'
Exploration and production group EnQuest got a boost on Monday as UBS upgraded the stock to ‘buy’ from ‘neutral’ and upped the price target to 65p from 60p.
EG Solutions on the up as full-year revenue to be in line with expectations
Shares in EG Solutions soared on Monday as the back office software company anticipates that revenue for the year will be in line with expectations after the implementation of its strategy to profitably scale the business.
Hikma signs Easyhaler deal with Orion
Hikma Pharmaceuticals has signed an exclusive licensing and distribution agreement with Finland’s Orion for its new Easyhaler combination product for the treatment of asthma and chronic obstructive pulmonary disease.
Firestone Diamonds announces results of first sale
AIM-listed Firestone Diamonds has sold all 75,936 carats of diamonds recovered from its 75%-owned Liqhobong diamond mine in Lesotho.
LGO clearing trees ahead of Goudron drilling
LGO Energy confirmed on Monday that final approval was granted by the Trinidadian Forestry Department on 10 February to cut trees in order to clear the well sites for the impending two shallow infill wells at the Goudron Field in the east of the country.
Picton sells non-core Oldham property for 80pc net profit
Income focused property investment company Picton Property Income announced the disposal of a non-core property in Drury Lane, Oldham, for £2. 2m on Monday, completing its business plan for the asset.
London open: Miners pace early gains after protesters enter key BHP mine
London miners paced early gains on Monday as news of a worsening strike at the world's largest copper mine sent futures for the red metal sharply higher.
First Property Group to buy Poland office building for €23m
AIM-listed investor First Property Group has, along with a club of investors, agreed to buy Pilot Tower, a recently built office building in Krakow, Poland, for about €23m.
Plastics Capital full-year results to be in line with expectations
AIM-listed manufacturer Plastics Capital anticipates that full-year results will be in line with expectations after revenue in the third quarter exceeded forecasts.
Lagarde worried by upcoming European elections
The head of the International Monetary Fund has expressed concern about upcoming general elections in France, Germany and the Netherlands, and also cast doubt on the future of global trade during a Donald Trump presidency.
Morgan Stanley upgrades AB Foods to 'overweight'
Morgan Stanley has upgraded Associated British Foods to ‘overweight’ from ‘equalweight’ and lifted the price target to 2,800p from 2,650p.
RBS plans further job cuts as major cost cutting needed
Royal Bank of Scotland shares jumped on Monday morning on the back of weekend reports that it was axe around 15,000 jobs.
Europe open: Basic resources pace advance as copper rallies
European stocks rose in early trade, with basic resources pacing the advance as copper prices rallied.
Miners pace gains as copper hits 20-month high
Shares in miners were boosted in early trading on concern that simultaneous disruptions at the world´s two largest copper mines might lead to a sharp reduction in supplies.
Angle selected for European cancer ID programme
Medical technology company Angle has been chosen to take part in Cancer-ID, a European consortium to validate blood-based biomarkers for cancer, by providing a number of Parsortix instruments and associated consumables for evaluation.
Evgen Pharma signs service agreement with drug development corsortium
AIM-listed Evgen Pharma has signed a services agreement with a consortium of Cheshire-based drug developments firms for its sulforaphane product.
Laird said to consider sale of precision metals division
Laird is said to be considering the sale of one of its major divisions as it struggles to turn its business around.
Co-operative Bank puts itself up for sale
The Co-Operative Bank invited offers to buy all of it shares as it continues to complete the turnaround from 2013's near-collapse.
London pre-open: Footsie set for higher start
The Footsie was being called to start the day on the front foot following positive news from US president Donald Trump´s meeting with Japanese leader Shinzo Abe and after he reaffirmed Washington´s 'One China' policy in a telephone call with China´s leader.
Victoria buys Netherlands-based artificial grass makers
AIM-listed floor coverings distributor Victoria has acquired Netherlands-based designers and producers of artificial grass, Avalon and GrassInc, for €11. 2m and a deferred consideration of €5. 1m, in a deal that is expected to be immediately earnings-enhancing.