Market Report
RBC Capital cuts Moneysupermarket on near-term challenges
RBC Capital Markets cut its stance on Moneysupermarket. com to 'sector perform' from 'outperform', chopping the target price to 350p from 425p, saying that while the company's diversified model makes it a winner over the longer-term, the near-term could be more challenging.
BP begins production at offshore Egyptian asset
BP announced on Monday that it had kicked off gas production at its Atoll Phase One asset off the coast of Egypt after completing the project seven months ahead of schedule at just two-thirds of the total costs it had anticipated.
Proactis sees impressive revenue and EBITDA growth on back of Perfect acquisition
Spend control solutions firm Proactis reported on Monday that it was trading in line to meet management expectations for the full year thanks to a significant growth in revenue and EBITDA over the six months leading to 31 January as a result of its acquisition of Perfect Commerce.
JKX Oil and Gas appoints Christian Bukovics to board
Exploration and production firm JKX Oil and Gas announced on Monday that it had appointed former Shell vice president of exploration Christian Bukovics as an independent non-executive director.
FTSE 250 movers: Victrex rallies on double upgrade, Acacia tumbles on results
London's FTSE 250 was up 0. 8% to 19,366. 89 in afternoon trade on Monday.
FTSE 100 movers: Evraz shines; Barclays SFO probe hits stock
Miner Evraz was the shining light on the FTSE 100 risers list on Monday after a the stock received an upgrade to ‘buy’ from Goldman Sachs.
Wild west crypto market birthing new 'sex coins'
Peddlers of cryptocurrency have come up with a bold plan - or at least a good way to make headlines - which they think would make selling sex legal in places where it is banned.
Chinese loan growth beats forecasts in January
Chinese bank lending picked up sharply at the start of the year, but some economists cautioned about reading too much into the data due to distortions from seasonal effects, pointing out signs of a slowdown evident in broader measures of credit growth.
Cedar Fair extends deal with accesso for five years
Leisure, entertainment, cultural and hospitality technology solutions provider accesso Technology Group announced a five-year extension to its existing agreement with Cedar Fair Entertainment Company on Monday, to provide the ‘accesso Passport’ ecommerce solution across all of its properties.
CSRA shares rocket on $9.6bn General Dynamics deal
Shares in government IT business CSRA rocketed in pre-market trade on Monday after it agreed to be bought by General Dynamics for $9. 6bn.
Peel Hunt ups Cineworld to 'buy' after share price weakness
Peel Hunt upgraded Cineworld to 'buy' from 'hold' and lifted the price target to 270p from 254p on Monday as it changes its forecasts to reflect the acquisition of US rival Regal Entertainment and the related rights issue.
UK growth to start strong in 2018 - BDO
An improvement in the services sector and overall business optimism could see growth 2018 beat the Bank of England's forecasts, according to a BDO survey.
African Potash becomes Block Commodities after pivot to blockchain
A small mining exploration company in London has changed its name to Block Commodities as it pivots from fertiliser to blockchain technology.
Tesco wants to become one of the LADs
Tesco has hired consultants to look into a possible launch of a discount grocery chain to try and thwart the fast-growing rivals Aldi and Lidl.
Vlieghe sees 'huge uncertainty' around path for interest rates
Bank of England policymaker Gertjan Vlieghe set out reasons why he has become increasingly hawkish over interest rates.
TP Group officially opens new 'Advanced Manufacturing Centre'
Specialist services, consulting and engineering company TP Group announced the official opening of its ‘Advanced Manufacturing Centre’ (AMC) on Monday, at the Dukinfield engineering facility in Greater Manchester.
YouGov joins blockchain craze with new digital ad platform
Market research and data analytics group YouGov announced the development of a new digital advertising platform, YouGov Direct, on Monday.
Faroe Petroleum sells 17.5% stake in Fenja to Suncor for $54.5m
Oil and gas company Faroe Petroleum has agreed the sale of a 17. 5% working interest in the Fenja development in the Norwegian Sea to Suncor for a cash consideration of $54. 5m.
Europe midday: Stocks holding onto gains, but traders cautious
Stocks are holding higher, tracking late gains on Wall Street last Friday after the S&P 500 bounced off a key level of technical support, its 200-day moving average, although traders remained wary.
Reabold Resources pleased with progress at Corallian investment
Pre-cash flow upstream oil and gas project investor Reabold Resources updated the market on its investment in Corallian Energy on Monday, having previously announced the signing of two share subscription agreements in Corallian in November last year.