Market Report
Ascent Resources buying compressor unit to re-stimulate wells
Europe-focussed oil and gas exploration and production company Ascent Resources has signed a contract for the purchase of a mobile compressor unit for use at its Petišovci project in Slovenia, it announced on Monday.
Greggs on a roll says Berenberg, but keeps at 'hold'
Analysts at Berenberg upped their target price on bakery chain Greggs from 1,600p to 1,780p, on Monday, praising the group for its "excellent start" to the year.
Jaguar Land Rover books record loss as Chinese market stalls
Jaguar Land Rover posted a record £3. 6bn annual loss on Monday as revenues dipped amid a drop in demand from China, though the business returned to profitability in the final quarter.
Royal Mail to roll out UK's first ever parcel postboxes
Royal Mail introduced Britain's first ever parcel postboxes on Monday, revealing that the revamped boxes would soon be rolled out in locations across the UK following a successful trial in 2018.
US pre-open: Futures point to losses at the bell after White House blacklists Huawei
Wall Street futures pointed to losses at the bell on Monday, with market participants concerned about the potential repercussions of the White House's crackdown on Chinese telecommunications giant Huawei.
Dish serves up $800m deal with EchoStar
American satellite TV broadcaster DISH Network has acquired a swathe of assets from EchoStar in a deal worth $800m.
Europe midday: Technology and travel stocks reel
Stockmarkets across the Continent are seeing heavy losses amid a rout in the technology space after the US blacklisted Chinese telecommunications equipment manufacturer Huawei on Friday, banning US companies, including chipmakers, from supplying it with much needed components.
Asia report: Markets mixed as investors struggle for direction in trade war
Markets in Asia were mixed as investors sifted through a tsunami of geopolitical developments, amid concerns for Huawei’s consumer operations as its license for the official version of the Android operating system was revoked by Google.
Foxtons revenue drops as Brexit uncertainty continues to dent sales
Estate agent Foxtons reported a drop in first-quarter revenue on Monday as volumes in the sales business remained at record lows amid Brexit uncertainty.
UK house price growth eases, London a drag
UK house price growth slowed in May, while all but two London boroughs saw a decline, according to the latest survey from Rightmove.
Hays weakness 'a good buying opportunity', says RBC Capital
RBC Capital Markets upgraded its stance on shares of recruiter Hays to 'outperform' from 'sector perform' on Monday as it argued that recent weakness has created a good buying opportunity.
City Pub sales jump 35% as expansion continues
City Pub Group reported a jump in sales on Monday for the 19 weeks to 12 May, as it said it's on track to meet expectations for the year.
Trump threatens to 'end Iran' as tensions escalate
Trump warned Iran to stop threatening the US and not to contemplate instigating a conflict or it would “end” the Islamic Republic.
Greenpeace blockades BP's global HQ
The global headquarters of BP has been shut down by Greenpeace, after the campaigning charity blockaded the oil giant’s west London office.
Cerillion swings to interim loss but remains optimistic on full year
Cerillion on Monday reported that it swung to an interim loss, though the company stressed that it remains "well positioned" to deliver full-year growth following a strong start to the second half.
London midday: Stocks move lower as housebuilders retreat
London stocks had fallen into the red by midday on Monday, led lower by weakness in the housebuilding sector, as worries about Brexit and Sino-US relations weighed on investor sentiment.
HSBC calls Merlin overvalued, cuts from 'buy' to 'reduce'
HSBC has downgraded its rating on Merlin Entertainments, citing concerns about the leisure group’s long-term growth plans.
Lower prices put dent in higher production numbers for Volga Gas
Oil and gas exploration and production company Volga Gas updated the market on its activities and operations on Monday, reporting that between 1 January and 30 April, group production averaged 5,859 barrels of oil equivalent per day.
Sigma Capital locks in £200m-worth of debt facilities for PRS REIT
Residential development and urban regeneration specialist Sigma Capital's wholly-owned subsidiary Sigma PRS Management has secured an additional £200m worth of debt facilities on behalf of The PRS Real Estate Investment Trust.
Rose Petroleum names new chairman following subscription issues
Natural resources business Rose Petroleum tapped Colin Harrington to take over as executive chairman on Monday after chairman designate Robert Bensh was unable to meet the full terms of his irrevocable subscription commitment to the company.