MARKET REPORT
08 Jan
theresa may conference 2017
May's pledge to 'refresh' Cabinet results in few changes at the top

Prime Minister Theresa May's attempt on Monday to "refresh" her ministerial team ended smelling like a pub before the smoking ban took force, as several refused to go and one resigned rather than move.

08 Jan
Wall street america US USA signs
US close: S&P 500, Nasdaq notch up fresh record highs

Wall Street finished on a mixed note come Monday, following a solid performance last week as traders debated on the outlook for equities and, somewhat strikingly, despite a top Federal Reserve official coming out in favour of modifying the central bank's policy framework and dovish comments from some of his peers.

08 Jan
Results round-up

Software group Micro Focus said interim pre-tax profits rose 28. 7% to $145. 7m after the acquisition of Hewlett Packard Enterprise's software unit helped to increase revenue.

08 Jan
Tokio Japón Tokyo Japan Nikkei Bolsa 630
Asia close: Stocks rise amid heightened risk appetite

Asian stocks were mostly higher at the start of the week, even as traders and analysts continued to ponder aloud about the underpinnings of recent equity market gains.

08 Jan
cbsophos
Sector movers: Software, Pharma drag on wider market

A mixed bag of cyclicals and more defensive issues led to the downside at the start of the week, amid a smattering of company-specific news and a strengthening pound.

08 Jan
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Trump defends his mental health: "I'm a stable genius"

President Donald Trump has hit back at people questioning his mental health by boasting about his intelligence on Twitter.

08 Jan
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Europe close: Analysts a tad cautious on near-term outlook

Stocks on the Continent held onto an early advance, following bumper gains during the prior week and amid an ongoing debate among analysts regarding the outlook for shares in 2018.

08 Jan
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US open: All eyes on Fed speakers

Wall Street is trading on a mixed note come Monday, following a solid performance last week as traders wait on multiple Fed speakers.

08 Jan
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London close: FTSE flops as mixed earnings and housebuilders weigh

After hitting a fresh all-time high in the morning, London's FTSE 100 ended Monday in the red after another retail profit warning and disappointing numbers from Micro Focus on revenues and from Halifax on house prices.

08 Jan
shire, ornskov
Shire splits in two, holds back from ADHD division spin-off

Shire is going to split itself into two, with one arm focused on rare diseases and the other on neuroscience, with separate reporting to begin from the first quarter of 2018 and a decision on a possible spin-off later this year.

08 Jan
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Broker tips: G4S, BP, Shell, Ashtead

Security services and solutions outsourcer G4S is approaching a trough in its growth profile thanks to its leadership position in the cash handling market, supported by quicker growth in emerging markets, analysts at UBS said.

08 Jan
medical surgical instruments hospital health doctor surgeon
Avingtrans secures several notable contracts over first half of trading

Energy and medical sector component manufacturer Avingtrans announced on Monday that its full-year results would likely be in line with market expectations after a strong performance in the first half.

08 Jan
security cctv g4s
UBS sees inflection point in G4S growth in second quarter

Security services and solutions outsourcer G4S is approaching a trough in its growth profile thanks to its leadership position in the cash handling market, supported by quicker growth in emerging markets, analysts at UBS said.

08 Jan
LED lights
Dialight chief executive steps down

Industrial LED lighting technology group Dialight announced on Monday that Michael Sutsko, the firm's chief executive, had stepped down from the board with immediate effect.

08 Jan
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System1 shares fall on profit warning

Shares in marketing and brand consultancy firm System1 Group fell on Monday after the London-based company warned investors that gross profits for the twelve months leading to 31 March would be around 20% less than in the previous year.

08 Jan
morrison supermarket grocer vegetable fruit
Tuesday preview: Morrison leads retail rush, BRC retail sales, EU jobs

January is a big month for retail investors and Tuesday sees this start to become apparent with trading updates from Morrisons and four others, plus industry sales data from the British Retail Consortium and Kantar.

08 Jan
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Xeros signs development agreement with major manufacturer

Polymer-based technologies company Xeros Technology Group has signed a second Symphony Project development agreement with another commercial washing machine manufacturer.

08 Jan
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GoPro to cut more than 250 jobs after disappointing holiday quarter

GoPro announced that it would be undertaking a major restructuring of its business on Monday after issuing an unexpected warning on sales over the holiday period.

08 Jan
BP, oil, gas
Morgan Stanley ups targets for BP and Shell, despite 'peak oil demand' concerns

Analysts at Morgan Stanley revised their price targets for a broad swathe of the European oil majors higher, despite 'peak oil demand' concerns in the marketplace, naming BP and Shell as their 'top picks' in the process.

08 Jan
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UK manufacturers optimistic for 2018 despite Brexit worries

According to EEF/AIG's executive survey, the country's manufacturers are entering 2018 in the most optimistic mood about the global economic outlook since 2014, albeit amid a rising balance of companies who see more risks than opportunities.