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Ethernity raising £4.2m to support 'growing' 5G offer
Ethernet adapter and networking technology company Ethernity is raising £4. 2m, it announced on Monday, to strengthen its balance sheet, support its growing 5G offering, and for general working capital.
Broker tips: Beeks Financial Cloud, Base Resources, Medica Group
Analysts at Canaccord Genuity raised their target price on software and services firm Beeks Financial Cloud from 150. 0p to 190. 0p on Monday, stating full-year profits were on the horizon.
Futura Medical inks licensing deal with Labtec Pharma
Transdermal drug delivery technology company Futura Medical has entered into a licensing agreement with Labatec Pharma, a Switzerland-based specialty pharma company focussed on commercialisation in the Europe and Middle East and North Africa (MENA) regions, it announced on Monday.
Tuesday preview: Fed's Powell, Ferguson in focus
The market spotlight on Tuesday will be squarely on the head of the US central bank as he testifies before a Senate Committee on the coronavirus and government's CARE act.
Goldman lifts year-end Brent crude forecast to $90
Goldman Sachs upped its forecast for year-end Brent crude to $90 a barrel from $80, after prices reached new highs since October 2018.
Rolls-Royce wins £1.9bn B-52 engine contract
Aerospace engineer Rolls-Royce said it had won a £1. 9bn deal to supply parts for the US Air Force’s (USAF) fleet of B-52 bombers for the next 30 years.
Fed's Evans wary on medium-term outlook for US inflation
A top US central bank official sounded a wary note regarding the outlook for inflation, telling an audience that it might underwhelm over the medium-term.
FTSE 250 movers: Cineworld gets Bond boost; Renishaw retreats
London’s FTSE 250 was flat at 23,619. 79 in afternoon trade on Monday.
Redundancies 'likely' at People's Energy, says administrator
Administrators have been appointed to gas and electricity supplier People’s Energy after it collapsed in the wake of soaring wholesale gas prices, with redundancies 'likely', officials said on Monday.
Pfizer starts trial for post-exposure oral treatment against Covid-19
Pfizer has begun late stage clinical trials for its oral treatment against Covid-19 in patients who have been exposed to the virus or post-exposure prophylaxis.
FTSE 100 movers: Engine maker Rolls-Royce, oil giants rally
London’s FTSE 100 was up 0. 2% at 7,067. 90 in afternoon trade on Monday.
Rolls-Royce secures €1.5bn ITP Aero sale
Rolls-Royce on Monday said it had secured agreement to sell its ITP Aero division for around €1. 7bn (£1. 5bn) to Bain Capital Private Equity, which is leading a consortium of Spanish and Basque companies.
Shield Therapeutics appoints chief medical officer
Commercial-stage pharmaceutical company Shield Therapeutics announced on Monday that Dr Jose Menoyo is joining its senior executive team as vice-president and chief medical officer, with immediate effect.
Retail footfall rises as workers return to the office
Footfall at UK retail destinations rose last week as workers returned to the office, according to research published on Monday by retail analysts Springboard.
Boohoo publishes global factory list
Boohoo has published details of the 1,100 factories it uses worldwide, as the online fashion retailer looks to boost transparency within its supply chain following last year’s outcry over working conditions.
Renishaw delays FY results, says trading in line
Engineer Renishaw said in Monday that full-year trading was in line with the update provided in and hailed a strong start to the year, as it announced that results for the year to the end of June will be a little delayed.
Bluejay partner Rio Tinto approves further spending in Finland
Greenland and Finland-focussed exploration and development company Bluejay Mining announced the approval and extension of further exploration expenditure by its joint venture partner Rio Tinto Mining and Exploration on Monday, at the Enonkoski nickel-copper-cobalt project in eastern Finland.
London midday: FTSE a little higher as Rolls-Royce, oil majors rally
London stocks were off earlier highs but still in the black by midday on Monday, with engine maker Rolls-Royce charging ahead after a contract win.
Grant Thornton fined £4m over Patisserie Valerie collapse
Grant Thornton has been fined £4m for its role in the collapse of café chain Patisserie Valerie.
1Spatial secures 'landmark contract' with UK government
IT services firm 1Spatial has secured a "landmark contract" with Westminster following a competitive tender, in partnership with a consortium.