Market Pulse
Tesco is 'most at risk' from further discounter growth - Credit Suisse
Tesco out of the big UK supermarkets remains most at risk from the continuing rise of discounters Aldi and Lidl, Credit Suisse warned as it also cut its share price targets for Sainsbury's but lifted its target for Morrisons.
Barclays reiterates overweight stance on BP and Shell
Analysts at Barclays reiterated their 'overweight' recommendation for shares of BP and Royal Dutch Shell (target price: 2,750p), telling clients that the pair's cash break-even levels were set to fall further.
AFC Energy cuts fuel cell power costs by nearly one third
UK-based industrial fuel cell power company AFC Energy said on Monday that both it and its partner Industrie De Nora had undertaken new initiatives aimed at significantly reducing the cost associated with hydrogen power.
Starcom CFO makes surprise resignation
Starcom announced on Monday that its chief financial officer Golan Hermolin has resigned with immediate effect.
Canadian Overseas Petroleum launches £2.5m fundraising
Calgary-based oil firm Canadian Overseas Petroleum (COPL) announced a new £2. 5m funding programme as the firm looked to raise capital to cover its ongoing general and administrative expenses at its West African operations.
Pennant inks collaboration agreement with Resource Group
AIM-listed management service provider Pennant International Group announced on Monday that it had finalised an agreement that would see it team up with Swiss firm Resource Group to supply a number of services across multiple revenue streams.
Lakehouse finalises disposal of Orchard to World Fuel Services
Asset and strategy support services firm Lakehouse announced on Monday that it had wrapped up its disposal of the entire issued share capital of Orchard to World Fuel Services Europe for a total cash consideration of £12. 4m.
Europe midday: Ibex underperforms amid political tensions in Catalonia
Europe's main stockmarkets are mostly higher with the notable exception of Spain's Ibex 35 following the violence-marred illegal referendum held in Catalonia at the weekend as the region's leaders chose the path of provocation even after the courts had ruled it was unconstitutional.
EU calls for dialogue in Catalonia but backs Rajoy in independence dispute
The European Commission has sided with Spanish prime minister Mariano Rajoy in the fallout related to Catalonia's tumultuous independence referendum, backing his claim that the vote was illegal but also calling for dialogue between Madrid and Barcelona.
Ben Wynn joins FairFX as product and marketing chief
FairFX announced on Monday that it has hired Ben Wynn as its chief product and marketing officer.
London midday: Stocks extend gains as pound drops; airlines and housebuilders rally
London stocks had extended gains by midday as the pound fell further after data showed that growth in the UK manufacturing sector eased back more than expected last month, with airlines and housebuilders on a tear.
NetScientific's Wanda granted new US patent
Transatlantic healthcare intellectual property commercialisation group NetScientific announced the issue by the US Patent and Trademark Office of a new patent exclusively licensed to its portfolio company, Wanda, on Monday.
Airlines fly higher on Monarch collapse
Airline stocks enjoyed a solid performance on Monday as investors welcomed news there would be one less competitor following the collapse of Monarch.
Asia report: Markets mostly higher on quiet Monday
Markets in Asia finished higher on Monday, at the start of a quiet week for the region with a number of stock exchanges set to close for holidays.
US pre-open: Stocks to nudge higher ahead of manufacturing data
US stocks looked set to nudge a touch higher at the open on Monday as investors eyed some key manufacturing data.
Norsk Hydro completes acquisition of Sapa shares from Orkla
Norwegian aluminium and renewable energy firm Norsk Hydro announced on Monday that it had completed its acquisition of fellow Oslo-based group Sapa by way of an NOK 11. 86bn cash payment.
Eurozone unemployment rate steady in August, misses forecast
The unemployment rate in the eurozone was steady in August, according to the latest data from Eurostat.
HSBC awaiting approval for new CEO appointment
HSBC has chosen a new chief executive to replace Stuart Gulliver and is now awaiting approval from the Bank of England regulators, according to reports on Monday.
AFH Financial snaps up Duchy Wealth Management
AIM-listed wealth management firm, AFH Financial, has completed the acquisition of Cornwall-based Duchy Wealth Management.
May's Help to Buy extension pledge lifts housebuilders
Shares in housebuilding companies were lifted on Monday after Theresa May said the government will plough a further £10bn into extending the Help to Buy scheme.