Market Report
Biogen to buy Pfizer schizophrenia drug for up to $590m
Biogen has agreed to buy a phase 2b trial-ready schizophrenia treatment from Pfizer for up to $590m.
Boost for GSK as Hikma, Vectura expect 2020 launch for generic Advair
Generic drug-maker Hikma Pharmaceuticals will carry out a clinical trial of its generic version of GlaxoSmithKline's Advair Diskus asthma drug after consultation with the US drug regulator.
London house prices drop 0.8% - Acadata
House prices dropped sharply in London last month, in contrast to the rest of Britain where the country as a whole continued to grow compared to last year but down on the preceding month.
Eve Sleep posts wider losses but expects to be profitable in the UK this year
Eve Sleep said on Monday that it's aiming to be profitable in the UK this year, as it reported a widening of its losses in 2017.
Europe midday: Stocks off best levels, EU's Malmstrom vows to stand-up to bullies
Stocks across the Continent are holding higher but have come down a tad 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.
Oclaro surges as it agrees $1.8bn buyout with Lumentum
Shares in optical components manufacturer Oclaro surged in pre-market trade on Monday as it agreed to be bought by Lumentum Holdings, a provider of photonics products, for $1. 8bn.
Velocity Composites achieves Nadcap Special Process accreditation
Advanced composite material kit supplier Velocity Composites has successfully achieved Nadcap Special Process accreditation for composites scope kitting service provider (KSP), it announced on Monday, as a result of what its board said was an “ongoing commitment” to quality by satisfying customer requirements and industry specifications.
Frontera upbeat after first well drilled at Taribani
Europe-focussed oil and gas exploration and production company Frontera Resources Corporation announced the successful completion of drilling operations at the T-45 well on Monday.
Inland Homes buying out rest of Brooklands College site
Brownfield regeneration-focussed housebuilder Inland Homes announced the unconditional exchange of contracts to acquire its joint venture partner's 80% interest in Brooklands Helix Developments on Monday.
US pre-open: Stocks seen higher again on solid payrolls report
US futures pointed to another positive session on Wall Street on Monday as investors continued to cheer encouraging jobs data at the end of last week.
Asia report: Markets start week strong as steel plays surge
Markets in Asia started the week well on Monday, as investors reacted to a strong Friday on Wall Street after the latest nonfarm payrolls data beat the market’s expectations.
Realm Therapeutics laments conjunctivitis failure
Investors in Realm Therapeutics were weeping after the company's potential conjunctivitis treatment failed to function in clinical tests.
Saudi Aramco IPO likely to be delayed until 2019 - report
British officials have been informed that Saudi Aramco’s initial public offering is likely to be pushed back from the second half of 2018 until 2019.
Sirius Petroleum preps drill rig for delivery to Ororo wells
Nigeria-focused oil and gas exploration and development firm Sirius Petroleum has received preliminary location approval from the Marine Warranty Surveyor for its Ororo-2 and Ororo-3 wells, leading its international rig partner COSL to commence mobilisation of the jack-up rig for delivery straight to the African nation.
Argentine regulations usher in 'exciting new chapter' for Phoenix Resources
Phoenix Global Resources lauded the issue of new Unconventional Oil & Gas Regulations by the government of the Argentine province of Mendoza on Monday.
London midday: Stocks flatten out as Melrose drops after sweetening GKN offer
London stocks had flattened out by midday on Monday, failing 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.
Empyrean to commence tests as equipment arrives at California site
Oil and gas development company Empyrean Energy announced on Monday that preparation is underway for testing at its onshore Dempsey 1-15 well in California.
Musk announces short trips to Mars will be ready by next year
Elon Musk, Tesla and SpaceX founder has announced his intention to send rockets on short trips to Mars by as soon as 2019.
Deutsche Bank says 'sell' Just Eat over investment, competition
Deutsche Bank downgraded Just Eat from 'hold' to 'sell' on Monday as it cut its profit forecasts and target price for the shares due to the online food delivery group's new investment plan.
Trump could win Democrats' support as Republicans consider blocking tariffs
Influential Democratic lawmaker Elizabeth Warren may tip the balance in favour of the White House’s planned international trade tariffs amid divisions within the Republican party on the measures.