Market Pulse
US close: Markets muted in Columbus Day trading
Wall Street dipped into the red amid thin trading conditions and with a dearth economic data and with government debt markets closed on account of Columbus Day.
US midday: Listless trading prevails on Columbus Day
Wall Street was little changed amid thin trading conditions and in a vacuum in terms of economic data and with government debt markets closed on account of Columbus Day.
Angle's Parsortix gaining traction in medical research
UK-based liquid biopsy company Angle relayed two encouraging medical developments relating to its Parsortix cancer biopsy system.
Castleton Technology posts solid first-half growth
Public and not-for-profit sector software and managed services provider Castleton Technology updated the market on its trading for the six months to 30 September on Monday, reporting that revenue and profitability for the period had grown organically by around 10%, supporting a full year performance in line with market expectations.
Mitie CEO returns to work after medical leave
Mitie Group chief executive Phil Bentley has returned to work full time after recovering from a ruptured appendix last month.
DX Group reaches agreement on £24m fundraising
DX Group announced on Monday that it has reached agreement on legally binding heads of terms for a £24. 0m fundraising, following its announcement regarding funding requirements on 22 September.
Trinity Mirror reports strong cash flows despite declining quarterly revenue
National and regional news publisher Trinity Mirror announced on Monday that it had made good progress against its strategic initiatives as it continued to deliver strong cash flows in its third quarter of trading.
BAE Systems eyeing 1000 job cuts - report
BAE Systems' new boss is preparing to trim the defence group's workforce by at least 1,000, according to a report on Monday.
Accrol Group remains suspended as board clarifies financial position
Accrol Group Holdings updated the market on its temporary suspension from trading on Monday, which it announced on 5 October pending clarification on its financial position.
FTSE 100 movers: Reckitt rallies but Smith & Nephew hit by CEO retirement
London’s FTSE 100 was down 0. 3% to 7,499. 20 in afternoon trade on Monday as the pound rallied against the euro and the dollar following last week’s losses.
Morgan Stanley says Easyjet valuation not particularly compelling
Analysts at Morgan Stanley trimmed their forecasts for Easyjet's profits before tax in 2017 and 2018 on the back of the low-cost carrier's latest pre-close update.
Bezant Resources begins gold and platinum extraction in Colombia
London-based exploration group Bezant Resources announced on Monday that progress at its gold and platinum production operations in the Choco region of Colombia had reached the point of first extraction and processing of higher-grade gravels.
Mountfield's Connaught wins 'significant' City of London contract
Mountfield Group announced on Monday that, further to its half-yearly report announced on 12 September, its subsidiary Connaught has been awarded a “significant contract” to supply and install raised access flooring and associated products for a major City of London office development.
Digital Barriers offloads video unit, changes focus to Thruvision screening
Digital Barriers has conditionally agreed to sell its video business to private equity firm Volpi Capital for £27. 5m cash.
FTSE 250 movers: Millennium & Copthorne jumps on deal news; Metro boosted by Goldman note
London’s FTSE 250 was down 0. 4% to 20,093. 25 in afternoon trade on Monday.
ReNeuron presents further positive data from ExoPr0
Cell-based therapeutics developer ReNeuron Group announced on Monday that it was presenting further new positive preclinical data relating to its ExoPr0 CTX cell-derived exosome therapy candidate at the American Society for Exosomes and Microvesicles 2017 annual meeting in San Francisco.
FastForward welcomes going-public transaction for cannabis firm Nuuvera
FastForward announced on Monday that its investee company Nuuvera, a privately held firm formed to capitalise on the global secular trend towards the legalisation of cannabis in which FastForward has a holding of 4. 45%, has reported that it entered into into a letter of intent on 6 October with Mira IX Acquisition Corporation to complete a going-public transaction in Canada.
Total inks deal to study prospects off Guinean coast
AIM-listed oil and gas company Total announced on Monday that it had signed a deal with the National Office of Petroleum of Guinea (ONAP) that would see the French firm undertake a study of roughly 55,000 square kilometres of deep and ultra-deep offshore areas off the coast of Guinea Conakry.
Tuesday preview: Industrial data, updates from BAE, Ted Baker, Marston's, Domino's
Industrial production and trade data provide some important hard data to determine UK third-quarter growth, while expected company results include BAE Systems, Domino's Pizza, Ted Baker and Marston's.
Beowulf appoints SRK Consulting for scoping study at Kallak
Mineral exploration and development company Beowulf has appointed SRK Consulting to conduct a scoping study on its Kallak magnetite iron ore project in Northern Sweden.