Market Report
Tern invests in surgical simulation firm FundamentalVR
Specialise ‘internet of things’ (IoT) investment company Tern has raised £0. 7m before expenses through an unconditional placing of 3,783,784 new ordinary shares, it announced on Monday.
Mirada board expresses sympathies after sudden death of chairman
Mirada’s board has confirmed the sudden death of the company's chairman Javier Casanueva on 12 May.
Brave Bison launches advertising partnership with Unruly
AIM-listed social video company Brave Bison has launched an advertising partnership with video marketplace Unruly.
Europe midday: All eyes on Italy and Spain
All eyes are on the euro area periphery on Monday, with investors focused on ongoing coalition talks in Italy but also on events in Spain, where the regional Catalan assembly has voted-in its new President, possibly easing the way for approval of the 2018 state budget.
Italy parties close to power sharing deal ahead of talks with president
Italy’s 5-Star Movement and League parties were close to signing off on a power-sharing deal on Monday they could take to the nation's president later in the day.
Bernstein upgrades Compass after pullback
Catering company Compass got a boost on Monday as Bernstein upped the stock to 'outperform' from 'market perform'' and lifted the price target to 1,750p from 1,650p following a recent pullback in the shares and ahead of what it reckons will be a stronger second half.
OPEC forecasts new supplies will outpace demand growth in 2018
The Organisation for Petroleum Exporting Countries nudged higher its forecast for growth in crude supplies from outside the cartel this year, predicting it would outpace the expected increase in demand.
Harvest Minerals gets KPfertil registered as remineraliser in Brazil
Natural fertiliser producer Harvest Minerals has been informed by the Ministry of Agriculture (MAPA) in Brazil that its application to register KPfértil as a remineraliser has been conditionally approved, pending the submission of additional materials.
Petro Matad prepares for Snow Leopard 1 drilling
Mongolian oil explorer Petro Matad updated the market on its planned 2018 exploration drilling programme on Monday, confirming that environmental permitting for Snow Leopard 1 was now complete.
Circle Property agrees 15-year office lease for Birmingham's Somerset House
Specialist regional UK property investment, development and management company Circle Property has agreed a new 15-year lease with BE Offices at its recently-completed Somerset House redevelopment on Temple Street in Birmingham city centre, it announced on Monday.
Scottish Mortgage boosted by strong showing from Amazon, Tencent
FTSE 100-listed investment trust Scottish Mortgage lifted its net asset value 23. 6% to 443. 5p year on year, though its portfolio's earnings will be "insufficient" to keep its dividend equivalent flat.
Midwich says trading in line, confident over outlook
AIM-listed specialist audio visual and document solutions distributor Midwich said on Monday that trading was in line with its expectations.
Eckoh ends year on a high
Secure payment products and customer contact solutions provider Eckoh updated the market on its trading for the year ended 31 March on Monday, reporting that the year ended in line with market expectations, with growth in revenues, margin and profit.
Expansion-hungry Angling Direct lands bumper set of results
Specialist fishing tackle and equipment retailer Angling Direct issued its audited financial results for the 12 months to 31 January on Monday, reporting a 44% rise in group revenue to £30. 24m.
Asia report: Most markets higher as Trump extends olive branch to ZTE
Most markets in Asia were higher on Monday, as oil prices continued to fall back from their three-year highs seen last week.
Mohamad ousts incumbent party in shock Malaysian election result
Malaysian opposition party Pakatan Harapan upset the ruling Barisan Nasional coalition in the Asian nation's general election last week, ousting the party that had run the country for the past six decades.
Hemogenyx inks development agreement with new pharma partner
Blood disease-focused biotechnology company Hemogenyx Pharmaceuticals will receive support in the research, development and marketing of new drugs in return for licensing out the resulting product to the unnamed new partner.
Cleveland Fed's Mester says "too soon to say inflation goal has been met"
A top Federal Reserve official welcomed the recent rise in inflation to the central bank's target level, but said it was too soon to say its inflation had been met, apparently placing her in the camp of those rate-setters who were expecting just two more interest rates hikes in 2018 and not three.
City Pub hails 'strong' recent trading, sales up 23%
AIM-listed City Pub said on Monday that recent trading was "strong", with sales up and the company on track to meet its expectations for the year as its estate of trading pubs grew to 36 from 33.
RBC sees 'good chance' of a takeover deal at IWG
Following IWG's announcement that it had received a takeover approach from one private equity company and proposals from two others, analysts at RBC Capital Markets think there is a "good chance of a deal" for a number of reasons.