Mereo BioPharma posts positive top-line from latest BGS-649 study

Biopharmaceutical company Mereo BioPharma Group announced positive top-line results from a phase 2b dose-ranging study with BGS-649 for the treatment of hypogonadotropic hypogonadism (HH) in men with a body mass index of over 30 on Monday.

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US pre-open: Stocks seen lower; Facebook set to drop on data woes

US futures pointed to a weaker open on Wall Street on Monday as investors look ahead to the latest policy announcement from the Federal Reserve this week, while worries about a possible trade war continue to play on investors' minds.

Market buzz: Pound pops on EU transition deal, Facebook falls

1341: Facebook stock has fallen 5% after authorities on both sides of the Atlantic demanded questions on why personal information on 50m users of the social media site were leaked to UK that helped the Vote Leave and Trump presidential campaigns in 2016.

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Weatherly unable to cover loan repayments despite narrowed losses

AIM-quoted development and exploration firm Weatherly International narrowed operating losses in the first half of its current trading year as revenues soared more than a quarter compared to the same period twelve months earlier.

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Conviviality calls time on boss Hunter

Conviviality chief executive Diana Hunter has thrown in the towel at the Bargain Booze owner after a succession of profit warnings, accounting and tax issues.

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Europe midday: Technology, Basic Resources lead fallers

News that negotiators from Westminster and Brussels have made headway in talks on a post-Brexit transition period is helping to lift stocks off their lows of the session.

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Harwood Wealth buys Southampton-based AE Financial in £6m deal

Financial planning and discretionary wealth management company Harwood Wealth Management Group announced the acquisition of AE Financial Services - an established chartered independent financial advisory firm based in Southampton - from AE Insurance Services on Monday.

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Petrofac wins $580m EPC contract with GCC national oil company

Oilfield services provider Petrofac has been awarded a contract worth around $580m with a GCC national oil company for the engineering, procurement and construction of a "major" project.

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Columbus Energy upbeat after renegotiation of major deals

Trinidad-focussed oil and gas producer and explorer Columbus Energy updated the market on the Beach Oilfield Limited (BOLT) transaction on Monday, as well as its aspirations for operations and exploration in the South West Peninsula of Trinidad (SWP).

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UK agrees Brexit transition deal with EU

Britain and the European Union have agreed a 21-month Brexit transition deal to smooth the break-up after March 2019, though the Irish border remains one of several issues not yet resolved.

Berenberg downgrades Close Bros to 'hold', says valuation is now fair

Merchant bank Close Brothers was under the cosh on Monday as Berenberg cut the stock to 'hold' from 'buy', saying the valuation is now fair.

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Charity calls for further protections to consumers of 'doorstep loans'

Independent charities network Citizens Advice has called for people utilising high-interest "doorstep loans" to be provided with the same level of protection as those with payday loans in order to be spared millions of pounds of excess fees and charges per year.

London midday: Stocks slide as pound pops on Brexit transition deal

London stocks fell further into the red by midday on Monday as the pound rallied on the back of a draft Brexit deal, with traders also looking ahead to a week ahead that includes monetary policy meetings for the US Federal Reserve and the Bank of England.

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Asia report: Markets mixed, Japan sinks on political turmoil

Markets in Asia finished mixed on Monday, with Japanese stocks underperforming their regional peers after a strong performance from the yen, and amid a political scandal in the country.

RedT Energy completes third generation cell stack design prototype

Energy storage solutions company RedT has completed design prototyping of its third generation cell stack, with the product now having been delivered to its premises.

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Putin elected for a fourth term as President of Russia

Vladimir Putin was elected for a fourth six-year term as Russian President in the 19 March elections, making him the longest-serving leader of the country since dictator Joseph Stalin, although voter turnout was slightly lower than the Kremlin had reportedly been seeking.

TechFinancials' CEDEX sells 25m tokens in pre-sale event

AIM-quoted software developer TechFinancials said its investee CEDEX had hit its target of selling 25m tokens in its pre-sale event last week, with a further 25m tokens having been made available after the main sale kicked off on Saturday.

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Micro Focus nosedives on HPE integration issues, CEO Hsu walks

Micro Focus International chief executive Chris Hsu has resigned as the company downgraded its profits guidance less than six months after completing the reverse takeover of HP Enterprise's software arm.

Barclays rallies as Sherborne takes 5% stake

Barclays rallied on Monday as it emerged that Edward Bramson's activist investment fund, Sherborne Investors, has acquired 5. 2% of the voting rights in the bank.

Italian industrial production falls sharply in January

Italian industrial output fell back at the start of the year, amid sharp drops in the production of durable consumer goods and capital goods but above all in energy.