Market Report
London midday: Stocks slip further as pound gains, but deal talks lift IWG
London stocks had edged a little lower by midday on Monday as the pound rallied against the greenback on Brexit speculation, although serviced office provider IWG stormed ahead on the prospect of a bidding war.
Shopper numbers fall gain in April - BRC
Retail numbers in UK shops have fallen by an "unprecedented" 4. 8% over the past two months, according to a key industry survey.
Vending machines operator Uvenco tanks as cash runs out
Vending machine operator Uvenco is looking into selling off parts of its business as it warned that cash levels has become perilously low.
SkinBioTherapeutics makes new patent filing for SkinBiotix
AIM-quoted life sciences company SkinBioTherapeutics has made a new patent filing for its SkinBiotix product.
Cerillion profits tumble despite higher revenues
Software solutions provider Cerillion saw profits tumble in its last trading year, despite improving revenues and scoring a major contract win in the form of European telecommunications operator Sure.
Morgan Stanley says UK equities set to trump economic uncertainty
UK equities offer fertile ground for stock-pickers, Morgan Stanley says, despite the poor macroeconomic outlook.
Cinven snaps up JLA from Hg
Hg announced the sale of JLA - a major UK player for critical assets solutions in the commercial laundry, catering, heating and fire safety markets - to Cinven on Monday.
Assurant's Tim Clancy to manage books at Park Group
Multi-retailer gift voucher and gift card provider Park Group has appointed Tim Clancy to succeed Martin Stewart as its group finance director, it announced on Monday.
Norman Broadbent losses widen as it continues transformation
Professional services company Norman Broadbent issued its final results for the 2017 calendar year on Monday, reporting a 15% increase in overall revenue to £6. 5m with a “lower but higher quality” headcount.
Europe open: Markets little changed, all eyes on Italian coalition talks
Stocks are little changed in early trading, with investors eyeing political risk in Italy after the two main populist parties, the Five Star and the League, reached an agreement on forming a governing coalition at the weekend.
Burberry to buy leather goods business from CF&P
Luxury fashion brand Burberry has agreed to buy a luxury leather-goods business from longstanding Italian partner CF&P.
Total and Shell to develop new gas resources in Oman
Total has signed a memorandum of understanding (MoU) with the Government of Oman to develop natural gas resources in Oman, the company announced on Monday.
Hardide revenue, profit jump as demand from oil and gas sector improves
AIM-listed Hardide, which develops and provides advanced surface coating technology, posted a jump in interim revenue and profit on Monday as demand from existing customers in the oil and gas sector improved.
Dignity revenues up 2% in Q1, says 2018 trading to be volatile
Funeral services provider Dignity reported a 2% rise in first-quarter revenues on Monday as the number of deaths increase 8%, but underlying operating profit was flat at £37. 5m.
BAE Systems gets £2.5bn contract for Royal Navy's submarine programme
Britain's Ministry of Defence will award a £1. 5bn contract to BAE Systems to build the seventh boat for the new fleet of Astute-class submarines and a further £960m investment for the completion of a fleet of four nuclear-armed Dreadnought submarines.
UK consumer outlook remains depressed, April surveys show
UK consumer spending remained depressed at the start of the second quarter, as April saw households rein in spending for the 11th out of the past 12 months and high street shops being particularly hard hit.
Diploma sees strong first half as it hunts for further acquisitions
Technical products and services provider Diploma issued its half-year results on Monday, reporting increases in revenue and adjusted operating profit of 8% and 9% to £234. 9m and £40. 6m, respectively.
London open: Stocks nudge down but IWG rallies on takeover approaches
London stocks nudged a touch lower in early trade on Monday, although serviced office provider IWG stormed ahead on the prospect of a bidding war.
Entertainment One's Designated Survivor series dropped by network
Entertainment One's major TV series 'Designated Survivor' has been dropped by US network ABC, which could affect the FTSE 250 company's revenue next year depending on the speed and size of a replacement deal.
London pre-open: Stocks seen muted amid stronger pound
London stocks were set for a muted open on Monday despite Asian gains, with the stronger pound likely to weigh.