Latest News
FTSE 100 movers: Miners dull on China woes; Ashtead leads risers
Miners were on the back foot and dominated the FTSE 100 fallers board on Monday, weighed down by concerns about China's economic growth and a stronger dollar, with Rio Tinto, Anglo, Glancore, Fesnillo and Antofagasta all in the red.
Morgan Advanced Materials rallies on Berenberg upgrade
Morgan Advanced Materials rallied on Monday as Berenberg upgraded its stance on the stock to 'buy' from 'hold' and upped the price target to 420p from 330p as it said the first half results showed significant progress.
Arix buys small chunk of Australia's Pharmaxis
Healthcare and life science company Arix Bioscience has acquired an 11% interest in Australian pharmaceutical research company Pharmaxis, it announced on Monday.
Urals Energy makes decent operational progress
Independent exploration and production company Urals Energy updated the market on its recent operations on Monday, reporting that the drilling of ots planned exploration well, ‘well 1’, at the South Dagi field on Sakhalin Island had reached a depth of approximately 1,400 meters.
Sabien tumbles on profit warning
Energy efficient technology manufacturer Sabien Technology expects to report revenues of around £600,000 and a pre-tax loss of as much as £700,000 from its last trading year.
Solo Oil raises £2.41m through firm and conditional placings
Solo Oil has raised £2. 41m before expenses, it announced on Monday, through a firm placing and conditional placing, with the board also planning an open offer to existing shareholders.
Europe midday: Stocks dip on trade tensions, German factory orders crash
Stocks are under slight selling pressure at the start of the week, with investor sentiment taking a knock from the headlines around the going trade spat, mainly between China and the US.
Bahamas Petroleum CEO package slashed in cost-cutting exercise
Oil and gas exploration firm, Bahamas Petroleum Company, announced a number of permanent changes to the contract of its chief executive officer on Monday, which it said “significantly reduces” the basic salary, wrote off accrued cash payments, and ended the accrual of conditional share entitlements, while at the same time continuing to align management and shareholder interests.
FTSE 250 movers: IWG slumps but John Laing rallies on takeover
London's FTSE 250 was flat at 20,629. 05 in afternoon trade on Monday.
Belimo Holding sees solid growth in first half
Belimo Holding reported a “dynamic” first half on Monday, with double-digit sales growth of 12. 7%, or 10. 8% in currency-adjusted terms, to CHF 325. 1m (£236. 57m).
InfraStrata says it's well on track with FEED progress
Natural gas storage development company InfraStrata updated the market on its front-end engineering design (FEED) progress on Monday, having now achieved over 50% of the pre-established milestones.
Vast Resources subsidiary submits application to mine at Baita Plai
Romania and Zimbabwe-focussed mining company Vast Resources announced on Monday that, following acceptance of the agreement by the Minister of Economy as announced on 22 June, the state-owned company Baita SA - the holder of the Baita Plai Head Licence - and Vast’s 80% subsidiary African Consolidated Resources, had now submitted their joint formal application to Romania’s National Agency for Mineral Resources.
UK's Hammond reportedly warns of French move on City after Brexit
UK Chancellor of the Exchequer Philip Hammond has reportedly warned senior City figures to prepare for a French-led attempt by the EU to bind Britain’s financial services sector in red tape after Brexit and grab business from London.
UK equities look overbought, says Credit Suisse
Since April, UK equities have outperformed euro area stocks by around 3% and global stocks by around 1%, but with oil prices felt to have peaked and shares looking "overbought", Credit Suisse strategists have downgraded their stance.
Asia report: Markets finish mixed as traders react to China tariff news
Markets in Asia finished their sessions in a mixed state on Monday, with an early surge tempered by a reaction to reports China was preparing a new round of tariffs on US goods in an ongoing trans-Pacific trade spat.
Netcall lands £1.4m contract with US-listed customer
Customer engagement software provider Netcall on Monday secured a contract worth a minimum of £1. 4m with an unnamed New York Stock Exchange listed group.
HSBC interim profits up 5% as operating expenses increase
HSBC said interim pre-tax profits rose 5% to $10. 7bn (£8. 23bn), reflecting a net favourable movement in significant items and favourable currency translation, but higher expenses were still a drag on the results.
Ascent Resources in discussions with multiple parties following strategic review
Following a strategic review of the company back in April, natural gas company Ascent Resources has entered into discussions with several parties covering a range of different transactions aimed at keeping its head above water.
Flying Brands taps David Smith to head up operating businesses
Flying Brands has added David Smith to its board to take on the roles of chief operating officer and chief executive of its two operating businesses, StoneChecker Software and Imaging Biometrics, with immediate effect.
Condor Gold secures environmental permit from Nicaraguan authorities
Condor Gold shares shot up on Monday morning after revealing it had obtained an environmental permit for the development, construction and operation of a processing plant in the Department of Leon, Nicaragua.