Market Report
Savannah Resources still awaiting government approval
While waiting for the outcome of an analysis by the Mozambique government, diversified resources group Savannah Resources said it was making "progress" in carrying out "critical work" at its Mutamba project.
US close: Stocks end flat to slightly lower as bond yields rise
US stocks ended Monday’s session flat to slightly lower as bond yields set four-year highs.
Market buzz: Pound falls to five-week low, Deutsche Bank upgrades UK
1700:Close Company-specific news and broker talk was the main driver of individual moves in stocks at the start of the week against a backdrop of a sharp move higher in Gilt yields, at both the short and long-ends of the curve.
Commodities: Aluminium futures sink as US softens Rusal sanctions
Traders sold metals' futures with a vengeance after the US softened its stance on sanctions against United Co. Rusal.
Europe close: Stocks jump on earnings optimism, weakness in single currency
Stocks found their footing late in the session, boosted by a retreat in the single currency and optimism from some analysts concerning the outlook for corporate earnings on both sides of the Atlantic.
Results round-up
Double glazing group Safestyle was under the cosh yet again on Monday after another profit warning, as it scrapped its dividend and announced the resignation of its non-executive chairman.
London close: Stocks rise as geopolitical and trade tensions wane
London stocks finished higher as the pound fell to its worst level in five weeks against the dollar, as an easing in geopolitical and trade tensions and optimism around the outlook for corporate earnings in the States and in euroland buoyed stockmarkets around the world.
Sector movers: Rotork and Weir lead gains, utilities hit by rising yields
The industrial engineering was on the up on Monday as bullish quarterly results from Rotork followed other positive numbers from the sector to lift sentiment.
Summit Therapeutics discovers antibiotic candidates for gonorrhoea cure
Biopharmaceutical company Summit Therapeutics highlighted its discovery of new mechanism antibiotic candidates for the treatment of gonorrhoea and said it will select a candidate to enter investigational new drug-enabling studies during the second half of the year.
FTSE 250 movers: Capita rallies as investors welcome cash call; Clarkson sinks
London's FTSE 250 was up 0. 4% to 20,293. 10 in afternoon trade on Monday as geopolitical tensions eased, with Capita the standout gainer.
FTSE 100 movers: Smith & Nephew gets leg up, NMC convertible doesn't impress
Monday saw the FTSE 100 reach its highest level since February as the pound weakened further.
China welcomes potential Mnuchin visit but analysts remain pessimistic
Beijing has welcomed plans for by US Treasury Secretary Steven Mnuchin to visit China for trade discussions amid heightening economic tensions between the two countries.
Angus Energy completes financing for Balcombe acquisition
Conventional oil and gas production and development company Angus Energy has issued a £3m unsecured convertible security at an interest rate of 0%, completing the financing for its acquisition of a 25% interest in PEDL244 on the Balcombe Licence.
Director dealings: Independent Investment Trust chairman lowers stake
Douglas McDougall, chairman of the Edinburgh-based Independent Investment Trust, disposed of 25,000 ordinary shares in the firm on Monday, collecting £185,000 in the process.
Supreme eyes AIM float funds to power up battery and vaping growth
E-cigarette liquid manufacturer and battery distributor Supreme plans to raise some new cash as it floats on London's AIM junior market next month, with Grant Thornton as nominated adviser and Berenberg broker.
US open: Mixed open on the Street as yields continue to rise
Wall Street trading opened on a slightly mixed note on Monday as Treasury yields continue to rise, with earnings on tap from the likes of Halliburton and Hasbro.
Kromek awarded funding to deliver low-dose breast imaging technology
Radiation detection company Kromek has been awarded funding from Innovate UK for a three-year programme to deliver, in partnership with Newcastle-upon-Tyne Hospitals NHS Foundation Trust, a low-dose molecular breast imaging (LDMBI) technology based on its CZT-based SPECT detectors.
Driver Group enters sale-and-leaseback agreement on its central offices
Construction and engineering professional services consultancy Driver Group has entered into an agreement with Jetglobal for the sale of the freehold property interest in the group's central administration offices located in Haslingden, Lancashire, and the immediate leaseback of those premises, it announced on Monday.
FairFX swings to profit as aggressive expansion plans continue
Electronic banking and international payments group FairFX issued its audited full-year results for the year ended 31 December on Monday, reporting group turnover of more than £1. 1bn - an increase of 41%.
Paragon Entertainment warns on 2017 profit, begins immediate restructure
Attractions design, production and fit-out business Paragon Entertainment updated the market on its trading on Monday, warning shareholders of a dip in previously-anticipated profits for the 2017 calendar year.