Market Report
Europe close: Indices edge higher despite simmering trade tensions
Stocks across the Continent managed to hold on to their early gains even after the US president said on Monday he wants the European Union to eliminate the "large" tariffs and barriers that discriminate against his country's farmers and manufacturers.
Salt Lake Potash inks MOU with Australian gold miner
AIM-quoted mineral exploration company Salt Lake Potash has signed a memorandum of understanding with gold mining firm Blackham Resources on the potential development of a potash sulphate project in Australia.
London close: Shares dip despite fresh M&A news
London stocks failed to build on the gains seen on Wall Street at the end of last week as investors mulled over news that London house prices have slumped over the last year, while M&A was in focus as Melrose sweetened its hostile bid for GKN.
EU will hold their ground over protectionism and US tariffs - Malmström
European Union trade commissioner Cecilia Malmström said the bloc “will stand up to the bullies” over protectionism and will not be intimidated by the US on trade tariffs.
Sector movers: Doubts after German energy mega-deal weigh
The electricity sector was the worst performing on Monday, contributing to a decline in London's main equity index, while industrial metals & mining maintained some upward pressure.
US open: Soft start for Dow and S&P but Nasdaq in the black
Wall Street trading kicked off with mixed performances on Monday, as the Dow Industrials came under selling pressure even as many investors continued to cheer encouraging jobs data at the end of the previous week.
FTSE 250 movers: Galliford ghosts higher, AA and Melrose whacked
Two construction groups linked to Carillion led the risers on the FTSE 250 on Monday, Galliford Try and Kier Group.
Multi-billion pound E.ON-RWE asset swap may scupper SSE-Innogy tie-up
Shares of E. ON and RWE were catapulted higher by news of a multi-billion pound asset swap aimed at fending off the entry of European rivals into their main market.
Jefferies upgrades CYBG, downgrades Virgin
Jefferies changed its stance on challenger banks CYBG and Virgin Money on Monday, upgrading the former as it downgraded the latter.
Universe installs next-generation POS at 70th Rontec forecourt
Point-of-sale, payment and online loyalty systems developer and supplier Universe Group has installed its next-generation point-of-sale, back office and head office solution in its 70th site for petrol forecourt operator Rontec, it announced on Monday.
Melrose sweetens GKN bid to £8.1bn
Turnaround specialist Melrose Industries has upped its offer for engineer GKN to 467p per share, or £8. 1bn, from £7. 4bn.
FreeAgent bolsters sales focus with appointment of Nick Longden
Cloud-based software-as-a-service (SaaS) accounting software provider FreeAgent Holdings announced the appointment of Nick Longden as vice-president of sales on Monday, to help spearhead its growth strategy within its accounting practice division.
Intertek buys Malta-based Aldo Abela Surveys
Product testing, inspection and certification company, Intertek, has acquired Malta-based quality and quantity cargo inspection services provider Aldo Abela Surveys (AAS) for an undisclosed sum.
FTSE 100 movers: EasyJet flies higher on Credit Suisse note; SSE slips
London's FTSE 100 was down 0. 4% to 7,198. 98 in afternoon trade on Monday.
Physiomics completes Innovate UK oesophageal cancer project
Cancer treatment prediction technology provider Physiomics has successfully completed the Innovate UK grant project announced in January last year, it announced on Monday.
Kromek wins extension to US dirty bomb detection contract
Radiation detection technology company Kromek has been awarded an extension to its high-volume production contract with the Defense Advanced Research Projects Agency (DARPA), an agency of the US Department of Defense, initially awarded in February 2016.
Diurnal losses widen ahead of maiden revenue
Clinical-stage pharmaceutical company Diurnal saw losses widen in the first half of its trading year as costs rose ahead of the launch of its maiden product.
Market buzz: Hikma speculation, Dovish remarks out of ECB and Fed
1457: Shares of SSE are lower after the Competition and Markets Authority said it would examine the implications of the asset swap between E. ON and RWE for the already proposed tie-up between npower and SSE. 1449: Commenting on Friday's news of a possible Saudi order for 48 Typhoon jets, in a research note sent to clients analysts at JP Morgan highlight the lack of detail around when the formal contract will be signed. Assuming a handful of deliveries in 2019 and eight per year between 2020 and 2024, then the broker's estimates for BAE's earnings per share might get a lift of between 2% and 4% in 2019 and 2020, possibly more if weapons were also provided, they said.
VR Education given warm welcome on AIM arrival
Trading of virtual reality technology company VR Education's shares began in London and Ireland on Monday morning after the firm raised a total of £6m, rising more than 17% on debut.
ECB has not begun discussing changes to forward guidance, Smets says
The European Central Bank had not even begun to discuss possible revisions to its 'forward guidance', a top official clarified.