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Europe midday: Shares extend gains as investors mull Iran succession
European shares extended gains on Monday as investors eyed events in Iran after the death of President Ebrahim Raisi in a helicopter crash over the weekend, along with the country’s foreign minister.
Europe open: Shares up as investors mull impact of Iran President death
European shares were higher at the open on Monday as investors eyed events in Iran after the death of President Ebrahim Raisi in a helicopter crash over the weekend, along with the country’s foreign minister.
Bradda Head reaches settlement over fraudulent payment
North America-focussed lithium developer Bradda Head announced on Monday that it has reached a settlement agreement over the fraudulent payment initially reported on 29 March 2022.
SDI Group set to end year in line with forecasts
Scientific digital imaging, sensing and control technology company SDI Group said in a trading update on Monday that, pending its final accounts and audit, it expected to report revenue of £65. 9m for the year, in line with current market expectations, but slightly down from £67. 6m in 2023.
Pressures are building for Imperial Brands, says Jefferies
Jefferies has lifted its target price for Imperial Brands following a strong set of first-half results from the cigarette, tobacco and vape group last week, but has maintained a 'hold' rating, saying that pressures are building for the company.
Haydale Graphene lowers revenue expectations
Haydale Graphene lowered its forecast for full-year revenue to £4. 7m in a trading update on Monday, down from current market expectations of £5. 8m, but still an increase from the prior year's revenue of £4. 3m.
ShoreCap says NatWest entering fair value territory, downgrades
Shore Capital downgraded NatWest on Monday to ‘hold’ from ‘buy’ as it said the shares were "entering fair value territory".
Victorian Plumbing acquires online retailer Victoria Plum for £22.5m
Bathroom retailer Victorian Plumbing has acquired Doncaster-based rival AHK Designs for a purchase price of £22. 5m, on a cash-free, debt-free basis.
Deutsche Bank starts coverage of Trainline at ‘buy’
Deutsche Bank initiated coverage of Trainline on Monday with a ‘buy’ rating and 470p price target.
Serica Energy gets final approval for Belinda field development
Independent upstream oil and gas company Serica Energy announced the final approval from the North Sea Transition Authority (NSTA) to develop its wholly-owned Belinda field on Monday.
Chinese banks hold benchmark lending rates steady
Chinese banks kept their benchmark lending rates unchanged after the People's Bank of China also chose to stay put on a key rate on loans it offers to lenders.
Nexxen reaffirms guidance after strong first quarter
Advertising technology company Nexxen International reported record programmatic revenue and significant growth in adjusted EBITDA in its first-quarter results on Monday.
PureTech Health launches $100m tender offer
Clinical-stage biotherapeutics company PureTech Health launched a proposed $100m tender offer on Monday, aiming to repurchase shares at a fixed price of 250p each, or £25. 00 per American depositary share (ADS).
Asia report: Markets rise as China holds loan prime rates
Asia-Pacific markets mostly rose on Monday, with mainland China extending its eight-month highs as investors awaited economic data from across the region.
Citi downgrades Rio Tinto on rising China concerns
Citi has cut its rating for Rio Tinto from 'buy' to 'neutral', saying that macro headwinds are rising for the mining group following a period of share-price outperformance.
Helical sells 50pc stake in City redevelopment
Helical announced on Monday that it has sold a 50% stake in the redevelopment of 100 New Bridge Street, London EC4, to a vehicle led by Orion Capital Managers, for £55m on a preferred equity basis.
Harworth Group on track with development pipeline
Land and property regeneration specialist Harworth Group said in an update on Monday that it was on track to achieve an EPRA net development value (NDV) of £1bn by the end of 2027.
London open: Stocks gain as investors mull Rightmove data; inflation eyed
London stocks edged higher early trade on Monday as investors mulled the latest UK house price figures and looked ahead to key inflation data later in the week.
Kainos shares surge as annual profits rise 14%
Shares in Kainos jumped by a tenth on Monday after the Northern Ireland-based software group reported an increase in annual profits and hiked its dividend for the year to 31 March, as it announced the departure of its chair Tom Burnet.
Keywords Studios confirms £2.2bn approach from Swedish PE firm EQT
Keywords Studios said on Monday that it was "minded to accept" a £2. 2bn takeover proposal from Swedish private equity firm EQT Partners if it makes a firm offer.