Market Report
Ocean Outdoor preparing for re-listing on London Stock Exchange
Digital out-of-home advertising operator Ocean Outdoor announced on Monday that it was on track to re-admit to trading on the London Stock Exchange by the end of the year.
Richoux to sell Piccadilly lease for £500k
AIM-listed restaurant owner Richoux said on Monday that it has agreed to sell the lease to Richoux Piccadilly for £500,000 in cash, which will be used for working capital.
Vast Resources begins exploration drilling at Zagra
Romania and Zimbabwe-focussed mining company Vast Resources announced on Monday that surface exploration drilling has begun at the Magura Neagra and Piciorul Zimbrului prospecting licenses, collectively known as Zagra, in northern Romania.
Cradle Arc secures funding extension for troubled Mowana asset
Cradle Arc subsidiary Leboam has secured a $4m extension to its pre-existing loan facility Fujax Minerals and Energy, an Africa-focused raw materials supplier, allowing it to step up operations at its Mowana copper mine in Botswana.
Tristel acquires European medical waste outfit
AIM-listed infection control company Tristel has acquired European medical waste outfit Ecomed Services for a total consideration of €5m.
Ironveld raises £0.4m as it expands operations at Bushveld
Ironveld, the owner of a high-purity iron, vanadium and titanium project on the northern limb of the Bushveld complex in Limpopo Province, South Africa, announced on Monday that it has raised £0. 4m before expenses through a placing of 24,242,420 new ordinary shares at a price of 1. 65p each.
Europe open: Stocks trim initial gains on US-China uncertainty, Nissan hammered
Stocks are paring their initial gains as investors digest news of the reportedly acrimonious end to the Asia-Pacific Economic Cooperation summit at the weekend, with US vice-President, Michael Pence, and China's Xi Jinping staking out conflicting visions for the region.
Amur lays out strategic plan at Kun-Manie, looks for partners
Nickel-copper sulphide mineral exploration and development company Amur Minerals Corporation updated the market on its fully integrated strategic plan for its Kun-Manie nickel copper sulphide project on Monday.
Still too early to re-enter UK domestic stocks, says JPMorgan
It's still too early to re-enter domestic UK stocks such as banks, housebuilders and property and retail names, JPMorgan said on Monday, arguing that the chances of Theresa May's Brexit plan being approved by parliament "look slim".
Mitie to sell social housing business to Mears for up to £35m
Outsourcer Mitie has agreed to sell its social housing business - Mitie Property Management and MPS Housing - to Mears Group for up to £35m in cash.
Versarien inks funding agreement for Chinese manufacturing centre
Engineering outfit Versarien has entered into a memorandum of understanding with Jinan High-tech Financial Investment with regards to the AIM-listed firm's ongoing plans to establish a manufacturing centre in China's Shandong Province.
London open: Stocks rise as May seeks business backing for Brexit deal
London stocks rose in early trade on Monday, with all eyes firmly on Brexit developments as Prime Minister Theresa May prepared to seek the backing of business leaders for her Brexit plan.
CYBG COO Debbie Crosbie to step down as she heads to TSB
Debbie Crosbie will step down as chief operating officer at CYBG, the owner of the Clydesdale Bank and Yorkshire Brands, to take up the role of chief executive officer at TSB Bank, a subsidiary of Spain’s Sabadell.
International PPL upbeat on outlook after decent start to year
Public infrastructure project and business investor International Public Partnerships updated the market on its portfolio performance for the period from 1 July to 16 November on Monday, reporting a 0. 9% increase in its net asset value per share to 146. 3p for the six months ended 30 June.
Babcock plays down write-downs
Babcock International played down a weekend report about a large write-down that the defence contractor will have to take to its accounts this week.
House prices drop in November as sellers lower expectations - Rightmove
House prices in the UK fell this month as new sellers priced their homes more realistically in the run-up to Christmas, against a backdrop of stretched affordability and Brexit uncertainty.
BHP agrees to settle dispute with Aussie tax office, Babcock plays down write-down reports
London open The FTSE 100 is expected to open 19 points lower on Monday, having closed down 0. 34% at 7,013. 88 on Friday.
London pre-open: Stocks seen muted as Brexit remains in focus
London stocks were set for a muted open on Monday as all eyes remained firmly fixed on Brexit developments.