Latest News
Canaccord raises target price on Sage following H1 results
Analysts at Canaccord Genuity raised their target price on software and services firm Sage from 680. 0p to 700. 0p on Monday after the group's first half trading results were broadly in line with expectations.
Deutsche Bank casts doubt on Rolls-Royce achieving guidance
Engine maker Rolls-Royce reaffirmed its FY21 guidance last week but Deutsche Bank said on Monday that achieving the guidance "looks a bit daunting".
Asia report: Markets mixed as China retail sales disappoint
Markets in Asia closed in a mixed state on Monday, as investors pored through a slew of economic data out of China.
Volatile trading sees Bitcoin slide to three-month low
Bitcoin tumbled over the weekend before rebounding sharply on Monday, as investors reacted to a series of comments by Tesla head Elon Musk.
Inspiration Healthcare gets another ventilator order from China
Medical technology company Inspiration Healthcare announced on Monday that its wholly-owned subsidiary SLE, which was acquired in July last year, has received an order worth more than £1. 25m to supply ventilators to China.
Cora Gold losses narrow as it presses on with exploration
West Africa-focussed Cora Gold reported a total loss of $0. 73m (£0. 52m) in its final results for 2020 on Monday, narrowing from $1. 48m in the prior year.
Solid State inks three-year contract extension with defence technology customer
Electronic component manufacturer Solid State's value-added supplies division has secured a three-year contract renewal with an unnamed "global defence technology customer" to supply components for its defence aerospace programme.
Landore reports exploration progress at Junior Lake
Landore Resources updated the market on progress of the drilling programme for 2020-2021 on the BAM gold deposit at the Junior Lake property in Ontario, Canada on Monday.
Citi upgrades Drax, Centrica
Citi upgraded its stance on shares of Drax on Monday to ‘buy’ from ‘neutral’ following the recent UK power price rally of more than 20% in the last month.
Velocys revenues narrow as it focuses on fuel technology
Sustainable fuel technology company Velocys reported revenue of £0. 2m in its final results on Monday, down from £0. 3m year-on-year.
Blue Prism grows bookings in H1
Software company Blue Prism said on Monday that during the six months ended 30 April, bookings were up 35% year-on-year at £98. 0m.
Xtract identifies potential extensions to Racecourse resource
Xtract Resources said on Monday that an induced polarisation geophysical survey has identified potential extensions to the Racecourse Mineral Resource on the Bushranger copper-gold exploration project, in the Lachlan Fold Belt of New South Wales, Australia.
Pelatro improves FY visibility with multiple contract change requests
Software firm Pelatro has secured several contracts for change requests adding up to approximately $300,000, improving visibility for the rest of the year.
Andrew Shepherd to be promoted to Brooks Macdonald CEO
Brooks Macdonald Group announced the appointment of Andrew Shepherd as group chief executive officer on Monday, with effect from 1 July, subject to regulatory approval.
Novacyt test for variants of concern included in NHS framework
Clinical diagnostics company Novacyt announced on Monday that its ‘SNPsig’ SARS-CoV-2 polymerase chain reaction (PCR) genotyping portfolio has been included in the NHS England framework for detecting Covid-19 ‘variants of concern’.
UK property asking prices hit record as households head north
UK property asking prices hit a high of more than £333,000 in May as the boom triggered by the response to the pandemic spurred high demand in northern England and Wales, Rightmove said.
Europe open: Shares muted on India Covid strain worries, China data
European shares made a nervous start to the week, as wary investors watched the latest stage of Britain’s path out of the Covid-19 pandemic, tempered by rising cases of the India variant.
London open: Stocks edge lower as restrictions ease further
London stocks edged lower in early trade on Monday as worries about the Indian variant offset cheer over the easing of Covid-related restrictions in England.
Petropavlovsk swings to FY loss despite increased gold production
Gold miner Petropavlovsk posted a full-year loss of $48. 9m, despite an increase in gold production boosting both revenues and underlying earnings.
China industrial production slows and retail sales disappoint
Chinese industrial production growth slowed as expected in April but retail sales disappointed, suggesting the world's second-biggest recovery faces a bumpier recovery path.