Market Report
Asia report: Markets mixed on another quiet news day
Markets in Asia bobbed above and below the line for much of the session on Monday, closing mixed after traders carried negative sentiment over from Wall Street’s session on Friday.
Mitie appoints second new CFO in nine months
Mitie Group has appointed ex-Virgin Active boss Paul Woolf as its new chief finance officer, with current CFO Sandip Mahajan, leaving the board and taking a newly created role at the company after less than 10 months in the job.
Zoo Digital swings to interim loss despite jump in revenues
Zoo Digital said on Monday that it swung to a loss in the first half despite a rise in revenues, as it invested in new staff and incurred higher costs of initial dubbing projects.
Pound pummelled as 40 Tory MPs prepare for vote of no confidence in Theresa May
As many as 40 Conservative Members of Parliament were said to be preparing to sign a letter of no confidence in Prime Minister Theresa May ahead of a crucial round of Brexit negotiations, setting the pound sharply lower on what is likely to be a rollercoaster week.
Monday broker round-up
Ultra Electronics: JPMorgan downgrades to Neutral with a target price of 1785p.
Warpaint drums up discounted funds to fund Retra acquisition
Cosmetics firm Warpaint London announced on Monday it had agreed the acquisition of colour cosmetics business Retra, for which it will be drumming up as much as £21. 2m in new funds.
Ethernity joins Intel's 'Network Builders' programme
Technology solutions provider Ethernity Networks has joined the Intel ‘Network Builders’ programme, it announced on Monday.
SDX announces gas discovery at Sebou well in Morocco
North Africa-focused oil and gas company SDX has reported a gas discovery at its KSR-15 development well on the Sebou permit in Morocco on Monday.
Blue Star's SatoshiPay selects Lumen as preferred cryptocurrency
Technology-focussed investing company Blue Star Capital announced on Monday that its investee company, SatoshiPay, has agreed to partner with the Stellar Development Foundation (SDF) as the underlying cryptocurrency ledger for SatoshiPay's settlement system.
Amerisur begins new drill project at Colombia's Platanillo
Cardiff-based full-cycle oil and gas company Amerisur Resources announced on Monday that it had begun drilling at another site within its Platanillo asset in Colombia.
Beeks seeks trading places on AIM to accelerate growth
Profitable fintech operator Beeks Financial Cloud Group is expecting to raise £7m when it floats on London's AIM junior market at the end of this month.
Taylor Wimpey sales rate slows in second half
Housebuilder Taylor Wimpey has reported a slowing in its sales rate in the second half of the year but said it still expected full year results to hit their targets.
London open: Stocks rise as pound hit by political uncertainty
London stocks rose in early trade on Monday as the pound took a hit from political uncertainty.
Ladbrokes Coral revenues return to growth despite retail decline
Bookmaker Ladbrokes Coral's revenues returned to growth in the third quarter but retail revenues fell and declines at its Ladbrokes. com website were worse than expected.
John Laing Infrastructure sees growth as mature markets slow
International infrastructure investment company John Laing Infrastructure Fund updated the market on its trading on Monday, reporting underlying growth in its portfolio value for the nine months to 30 September of 5. 5% to £1. 23bn, on a rebased value of £1. 16bn.
Senior optimistic about profits as King appointed to take chair
Senior has appointed former BAE Systems boss Ian King as its chairman-designate, won a long-term component supply contract with Boeing on a range of its next generation of aeroplanes and said its expected full year results to be slightly better than forecast.
Heath Drewett to take the financial reins at Aggreko
Aggreko announced the appointment of Heath Drewett as its chief financial officer on Monday, following the announcement on 6 June that Carole Cran had tendered her resignation in order to become CFO of Forth Ports.
Polymetal upbeat on initial ore estimates for Nezhda
Polymetal International reported the initial ore reserve estimate for its Nezhda gold property on Monday, in accordance with the JORC Code, confirming that open-pit ore reserves were estimated at 15. 5 Mt of ore with an average gold equivalent grade of 4. 0 grams per tonne for 2. 0 Moz of gold equivalent contained.
Softcat appoints Graeme Watt as new CEO
Softcat, which provides IT infrastructure products and services, has announced the appointment of Graeme Watt as chief executive with effect from 1 April 2018, replacing Martin Hellawell.
Old Mutual sells down OMAM holding to 5.5pc
Old Mutual announced on Monday that the sale of the second tranche of OM Asset Management shares to HNA Capital US has completed.