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London midday: Stocks move lower as housebuilders retreat
London stocks had fallen into the red by midday on Monday, led lower by weakness in the housebuilding sector, as worries about Brexit and Sino-US relations weighed on investor sentiment.
HSBC calls Merlin overvalued, cuts from 'buy' to 'reduce'
HSBC has downgraded its rating on Merlin Entertainments, citing concerns about the leisure group’s long-term growth plans.
Lower prices put dent in higher production numbers for Volga Gas
Oil and gas exploration and production company Volga Gas updated the market on its activities and operations on Monday, reporting that between 1 January and 30 April, group production averaged 5,859 barrels of oil equivalent per day.
Sigma Capital locks in £200m-worth of debt facilities for PRS REIT
Residential development and urban regeneration specialist Sigma Capital's wholly-owned subsidiary Sigma PRS Management has secured an additional £200m worth of debt facilities on behalf of The PRS Real Estate Investment Trust.
Rose Petroleum names new chairman following subscription issues
Natural resources business Rose Petroleum tapped Colin Harrington to take over as executive chairman on Monday after chairman designate Robert Bensh was unable to meet the full terms of his irrevocable subscription commitment to the company.
Coral Products makes waves as results better-than-feared
Coral Products' shares shot up on Monday as the company stated that its results for the year ended 30 April will not fall as far below expectations as it had previously warned in March.
Scancell partnership with Cancer Research moves closer to clinic
Immunotherapy developer Scancell Holdings updated the market on its clinical development partnership with Cancer Research UK for the development of the ;ImmunoBody’ vaccine, SCIB2, as a potential treatment for patients with solid tumours, including non-small cell lung cancer (NSCLC), on Monday.
Thomas Cook under pressure as payments intermediary seeks to hold onto cash
Shares of Thomas Cook are coming under continued selling pressure at the start of the week, at least in part after Sky News reported that a payments intermediary in Scandinavia was negotiating holding onto holidaymakers' cash for several weeks instead of two days.
Allergy Therapeutics flags positive outcomes from recent treatment trial
Biotechnology company Allergy Therapeutics announced positive Phase 1 safety and tolerability results of subcutaneous ‘Acarovac MPL’ (monophosphoryl lipid A) in patients with house dust mite-induced allergic rhinoconjunctivitis on Monday.
Rockfire continues work at Cardigan Dam after recent gold results
Gold and base metal-focussed resource company Rockfire Resources announced on Monday that recent soil sampling at the Cardigan Dam Prospect - part of the Lighthouse tenement in Queensland, Australia - has returned a “promising” gold-in-soil anomaly.
Reabold Resources upbeat on recent work in California
Reabold Resources announced on Monday that its contract operator in California, Integrity Management Solutions, has informed it that the perforating and swabbing operation at the Burnett 2B and Burnett 2A wells has been completed.
May touts 'bold' Brexit offer as Tories face Euro election hiding
Prime Minister Theresa May started the week of the European elections touting a “bold” new offer to MPs on her Brexit withdrawal plan.
OptiBiotix inks deal with Nutrilinea for hypertension supplement
Life sciences company OptiBiotix Health announces on Monday that its wholly-owned subsidiary ProBiotix Health has signed a license agreement with Nutrilinea for the use of its ‘LPLDL’ product in a food supplement for the reduction of high blood pressure, or hypertension.
Europe open: Stock markets slightly lower amid losses in technology space
Stockmarkets across the Continent have started the morning slightly lower as investors bide their time ahead of the elections to the European Parliament next weekend.
British households increasingly concerned about their financial health - survey
British households are becoming increasingly pessimistic about their financial wellbeing, despite record levels of employment, a survey showed on Monday.
AB Dynamics launches £50.1m placing an open offer
AIM-listed AB Dynamics, which designs, manufactures and supplies advanced testing systems, has announced plans to raise around £50. 1m in a placing and open offer, partly to help finance any potential acquisitions.
Liberal-National coalition scores surprise Australia election win
Australian Prime Minister Scott Morrison's Liberal-National coalition defied expectations over the weekend, beating out Bill Shorten's Labor Party in a shock federal election victory.
Purplebricks appoints Phil Felice as interim CEO of US business
Hybrid real estate agency Purplebricks has appointed Phil Felice as interim chief executive officer of its US business.
Google to curtail Huawei's Android access after US blacklisting
Google has restricted mobile phone giant Huawei from some features of its Android operating system following the Trump administration's blacklisting of the Chinese outfit.
CentralNic acquires domain name and hosting reseller TPP Wholesale
Subscription internet service CentralNic has agreed to acquire Australian and New Zealand domain name and hosting reseller TPP Wholesale for AUD $24m in cash.