Latest News
Science Group accuses Frontier Smart Tech of 'frustrating' its takeover offer
Science Group updated the market on its ongoing takeover bid for Frontier Smart Technologies on Monday, following the latter’s announcement on Friday that suggested the “alternative approach” it was investigating with an unnamed third party could result in a joint venture, but were now “unlikely [to] result in an offer” for Frontier.
M&G Real Estate drops legal action against Debenhams
M&G Real Estate has withdrawn its legal challenge to Debenhams’ restructuring plans, it was announced on Monday.
Barclays spies bottom of the cycle for European oilfield services
Analysts at Barclays Research reiterated their 'positive' view on the European Oil Services&Drilling sector, taking issue with the fact that it had traded as a proxy for the oil price even as major projects have begun to come to market, so that activity for the beginning of the following decade was firming up.
Condor Gold raises more than £4m for development at La India
Condor Gold announced a placing of 20,192,520 units at a price of 20p each, including a directors' and chief financial officer’s subscription of 6,350,000 units, to raise gross proceeds of approximately £4. 039m on Monday.
China's Wang argues for country to stay course on global integration
A top Chinese official called on Monday for greater global economic integration, arguing that the best path forward for his country was to seek to develop through reform and innovation and that it was "determined to open up to learn the advantages of other nations".
CFOs increasingly downbeat as Brexit inches closer - survey
British companies are increasing pessimistic about UK’s impending departure from the European Union, with a majority believing it will harm the long-term business environment, a survey of chief financial officers has found.
Agriterra jumps after winning Mozambican cattle grant
Agriterra's shares climbed on Monday after the company's wholly-owned Mozambican subsidiary won a $822,674 grant to create and develop centres for cattle trading and received the first tranche of the funds.
Hardide receives 'major' new orders from mystery US oil and gas firm
Advanced surface coating technology group Hardide has received major orders to coat components for a relatively new American multinational oil and gas customer.
Tesco to open 750 new stores in Thailand
Tesco is to dramatically ramp up its presence in Thailand, one of its most successful overseas markets, by opening 750 new stores.
Physiomics signs agreement with Cancer Research UK
Virtual tumour software developer Physiomics signed an agreement to with Bicycle Therapeutics and Cancer Research UK on Monday.
US pre-open: Futures point to losses as jobs data dampens hopes for rate cuts
Wall Street futures had major US indices opening lower on Monday as last week's strong jobs data dampened expectations that the Federal Reserve would cut interest rates by 50 basis points when rate-setters next met at the end of the month.
Monday broker round-up
Computacenter: Barclays upgrades to equal weight with a target price of 1,260p.
German industrial production ticks up in May
German industrial production ticked higher on the month in May, according to the latest figures released by Destatis.
JP Morgan sounds bullish note on global equities
Strategists at JP Morgan continued to sound a 'bullish' note on the outlook for global equities at the start of the week, pointing to upside for price-to-earnings multiples and earnings estimates.
ASOS said to be considering head office job cuts
Online fashion retailer ASOS is said to be preparing to cut jobs amid slowing sales and falling profits.
Morgan Stanley downgrades global equities to 'underweight'
Morgan Stanley has cut its stance on global equities to 'underweight', taking its allocation down to the lowest level in five years, as it argued that the risk/reward over the next three months looks "poor".
London midday: Stocks dip into the red but Imperial Brands smokes higher
London stocks had dipped into the red by midday on Monday as investors continued to mull last week's better-than-expected non-farm payrolls report and looked ahead to some key events later in the week.
Europe midday: Stocks dip as analysts mull outlook for central bank policy
Stocks on the Continent are trading mostly lower after a better than expected US jobs report for June, released during the previous session, led economists to pare their bets for rate cuts by the Federal Reserve when rate-setters next meet to decide on policy on 30-31 July.
Active Energy raises £3.43m for Lumberton site
Biomass-based renewable energy business Active Energy raised £3. 43m on Monday after both existing and new European and Asian institutional investors made a further subscription for series B convertible loan notes.
Lidl UK expansion plans ramp up with Scottish push
Lidl is stepping up its UK expansion plans with 12 new stores in Scotland, the German discounter announced on Monday.