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Pod Point expects full-year loss, shares slump
Pod Point slumped on Monday after warning it expects to swing to a full-year loss amid slowing growth.
Pendragon extends deadline for possible offer from Hedin Group
Pendragon announced a further extension to the put-up-or-shut-up deadline on a possible takeover by Hedin Mobility Group on Monday.
Compass hikes dividend as FY operating profit grows
Catering company Compass posted a rise in full-year underlying operating profit and revenues on Monday, as it hailed record net new business, but said that profit growth will slow next year.
Costain amends and extends lending facilities
Costain Group has concluded negotiations with its bank and surety facility providers to secure a one year ‘amend and extend’ of its facilities, it announced on Monday, from September 2023 to September 2024.
Molten Ventures swings to first-half loss
Molten Ventures reported a gross portfolio value of £1. 45bn at the end of its first half on Monday, down from £1. 53bn at the end of March, as its net assets fell to £1. 28bn from £1. 43bn and it swung to a loss.
Endeavour Mining hails 'major discovery' in Cote D'Ivoire
Endeavour Mining said on Monday that it has made a major discovery at its 100%-owned Tanda-Iguela greenfield exploration property in Côte d’Ivoire.
London open: Stocks fall amid China Covid woes; miners hit
London stocks fell in early trade on Monday, with miners pacing the decline amid worries about growing Covid cases in China.
Europe open: Shares edge lower on China Covid worries as deaths reported
European markets edged lower at the open on Monday as investors eyed China’s first Covid-19 deaths in six months.
Diploma delivers FY revenue and profit growth
Technical products and services group Diploma delivered a "very strong" set of full-year results on Monday, with both revenue and profits improving year-on-year.
NextEnergy Solar Fund's NAV grows in H1
Solar and energy storage investor NextEnergy Solar Fund said on Monday that both net asset value and earnings per share had risen in the six months ended 30 September.
China holds interest rates
China held benchmark lending rates on Monday, the People's Bank of China said on Monday.
RHI Magnesita buys Indian refractory business
RHI Magnesita said it had bought the Indian refractory business of Dalmia Bharat Refractories in a share swap agreement.
Interest rates drive profit growth for Virgin Money, Molten Ventures portfolio value slips
London open The FTSE 100 is expected to open 18 points lower on Monday, having closed up 0. 53% at 7,385. 52 on Friday.
London pre-open: Stocks seen down amid China Covid woes
London stocks were set to fall at the open on Monday following a mostly downbeat session in Asia, amid growing Covid cases.
Monday newspaper round-up: Electricity companies, Arm, British Steel
The companies responsible for bringing electricity to UK homes have been accused of “rampant profiteering” by a leading union that is calling for the energy regulator to cap their earnings. Sharon Graham, general secretary of Unite, has written to Ofgem to ask it to clamp down on “excessive” profits generated by regional electricity distribution network operators (DNOs), which raked in £15. 8bn in profits last year and have paid out £3. 6bn in dividends between 2017 and 2021.
Black Friday footfall forecast to jump
Black Friday footfall is expected to be up sharply on the previous year, according to industry research published on Monday, as hard-pressed shoppers seek out bargains.