Market Report
RedT flagship energy storage project now operational
Energy storage technology company redT energy announced on Monday that, in partnership with Centrica, its flagship UK 1MWh energy storage project was now fully operational and connected to the UK grid.
Prospex Oil and Gas begins spudding at Romanian based Bainet-1 Well
Prospex Oil and Gas confirmed on Monday that the Bainet-1 Well at the EIV-1 Suceava Concession, onshore Romania, in which the company has a 50% interest, spudded at approximately 3. 30pm on 10 November 2017.
Qualcomm rejects Broadcom's $130bn takeover offer
Qualcomm’s board of directors has unanimously rejected the $130bn takeover bid made by Broadcom on 6 November.
Mereo BioPharma treatment granted PRIME designation by EMA
Clinical stage biopharmaceutical company Mereo BioPharma Group announced on Monday that the the European Medicines Agency has granted BPS-804 ‘PRIority MEdicines’ (PRIME) designation for the treatment of osteogenesis imperfecta (OI), or ‘brittle bone disease’.
Cellcast confident despite Lexinta Fund delays
Cellcast updated shareholders on the cashing in of an investment in the Lexinta Fund on Monday, having notified authorities that it - along with other investors - had not received payment as agreed.
Smith & Nephew launches robotic assistant for knee ops
Surgeons will be given robotic assistance to carry out knee-replacement operations more accurately and quickly after first trial procedures took place using Smith & Nephew's new Navio surgical system tools.
Europe midday: Selling picks-up, Brexit talks in focus
Selling in European stocks is carrying over from the previous week on the back of weaker-than-expected money supply figures in China and amid negative headlines surrounding the political situation in Britain.
Canadian Overseas Petroleum shuts down Liberian asset to focus on Nigeria
AIM-listed firm Canadian Overseas Petroleum (COPL) filed its third-quarter results on Monday, issuing a brief trading update on its West African operations in the process.
Ultra Electronics warns on FY revenue, CEO steps down
Ultra Electronics warned on revenue on Monday and said it expects a tougher second half, as it announced that Rakesh Sharma has stepped down as chief executive with immediate effect.
CH Bailey agrees conditional sale of Malta property
C H Bailey has announced the conditional sale of 16 Charles Street, Malta, for €1. 73m.
Frontier Smart Tech to power new JBL speakers
Digital audio device technology company Frontier Smart Technologies Group announced on Monday that its smart audio platform has been chosen by audio system and speaker manufacturer HARMAN International Industries to power its new JBL Control Xstream wireless speakers.
Earthquake in Iran and Iraq leaves more than 300 dead
A massive earthquake has struck near the border between Iran and Iraq, leaving 348 people dead.
Consumer spending dives as high street visits decline - Visa, BRC-Springboard
Last month saw a sharp drop in consumer spending, which combined with weak shopper footfall numbers to paint a bleak picture for retailers on Monday.
US pre-open: Stocks set for weak start, tax plans in focus
Wall Street is being called to start the week slightly lower amid somewhat downbeat 'market chatter' regarding the prospects for fiscal reform in the States and President Donald Trump's remarks at the Asia-Pacific Economic Cooperation conference, in Vietnam.
Telit Communications in talks with Richard Kilsby re possible appointment as chairman
AIM-listed Internet of Things provider Telit Communications confirmed on Monday that it is in discussions with Richard Kilsby regarding his possible appointment as chairman.
London midday: Stocks slip into the red as political uncertainty weighs
London stocks had reversed earlier gains to trade a touch lower by midday on Monday amid a new wave of political uncertainty.
CYBG in discussions to acquire speciality lender Kensington - report
Challenger bank CYBG was in talks to buy speciality lender Kensington, according to a report on Monday.
Europe open: Stocks start week lower amid headwinds from China, UK
European stocks have begun the morning lower on the back of weaker-than-expected money supply figures in China and amid negative headlines surrounding the political situation in Britain.
Boeing eyes $730bn Middle Eastern aircraft sales over next 20 years
Aeronautical giant Boeing said on Monday that airlines operating in the Middle East would need as many as 3,350 new aircraft over the next two decades, valued at roughly $730bn.
Concepta confirms £600k order for myLotus meters
AIM-listed Concepta said on Monday that it has received formal confirmation of a £600,000 sales order for 5,200 of its myLotus fertility meters.