Market Report
RBC downgrades Energean, shares slide
RBC Capital Markets has downgraded Energean on valuation concerns, sending shares in the Mediterranean-focused energy firm lower.
Eddie Stobart Logistics's full-year losses balloon, but chairman optimistic
Eddie Stobart Logistics posted a huge increase in its full-year loss before tax even as management tried to draw a line under past accounting shortfalls and sounded a confident note on the firm's finances and outlook.
Investor sentiment rises across Eurozone, but outlook remains uncertain
Investor sentiment has improved across the Eurozone in July for the third month in a row, research published on Monday showed.
Liberum downgrades Boohoo, slashes price target
Liberum cut its rating on shares of Boohoo to ‘hold’ from ‘buy’ on Monday and slashed the price target to 350p from 500p following weekend press reports about alleged illegal practices at a supplier factory in Leicester.
Mobile Streams joint venture launching SaaS platform
Mobile Streams announced on Monday that it is launching, under the terms of its existing joint venture with Krunch, a software-as-a-service (SaaS) insight platform.
Next part of tumour trial begins for 4D Pharma
Biotherapeutics developer 4D Pharma has begin the treatment of the first patients in part B of its phase 1 and 2 clinical trial of ‘MRx0518’ in combination with immune checkpoint inhibitor ‘Keytruda’, or pembrolizumab, it announced on Monday, in patients with acquired resistance to prior immune checkpoint therapy.
Gunsynd raises £0.47m to progress its investments
Gunsynd has raised £0. 47m through the placing of 71,538,462 new shares, it announced on Monday, at a price of 0. 65p each.
London midday: Stocks push higher as housebuilders rally
London stocks were firmly in the black by midday on Monday, underpinned by a strong showing from housebuilders as investors digested a better-than-expected reading on the UK construction sector.
Macfarlane Q2 sales 'more resilient' than anticipated
Packaging and labelling company Macfarlane Group said on Monday that sales had been "more resilient" than previously anticipated throughout the second quarter of its trading year.
ValiRx looks to build on portfolio of drug candidates
Medicines developer ValiRx said on Monday that it was looking to build on its existing portfolio of drug candidates and grow a pipeline of innovative, early-stage projects in the areas of oncology and women's health.
Checkit names Aylsa Muir as CFO designate
Workflow management software provider Checkit appointed Aylsa Muir as its chief financial officer designate on Monday.
Boris Johnson set to keep Huawei out of UK 5G
Boris Johnson said late on Sunday he now has “sound technical reasons” to keep Chinese firm Huawei out of the development of the UK’s 5G infrastructure.
Strong online performance sees Ultimate Products raise expectations
UP Global Sourcing, trading as Ultimate Products, released an unscheduled trading update on Monday, reporting that since its previous update on 8 June, the invoicing and delivery of its order book had continued to progress “at a good pace”.
Berenberg tweaks estimates on IHG following unexpected trading update
Analysts at Berenberg took a fresh look at British hospitality giant InterContinental Hotels Group on Monday after the company's most recent quarterly performance came in "a little weaker" than expected.
New car registrations fall as UK sector reopens
The number of new car registrations fell by over a third in June, industry data showed on Monday, as the UK market tentatively restarted.
Target Healthcare reports strong rent collection, buys Bicester home
Care homes investor Target Healthcare said on Monday that 96% of the rent payable for its most recent quarter had been collected, after allowing for monthly-in-advance agreements for “a limited proportion” of the 71 operational locations in its portfolio.
Europe open: Stocks track sharp gains in Asian trading
European stocks began the week firmly on the front foot, boosted by an overnight surge in Chinese stocks.
Eurozone retail sales rise more than expected in May
Eurozone retail sales rose more than expected in May as coronavirus lockdowns across the bloc eased, according to figures released by Eurostat on Monday.
Cohort scores £20m surveillance equipment contract
Independent technology group Cohort has won a new surveillance equipment contract valued at approximately £20m.
Fusion Antibodies FY revenues continue to grow in 2020
Pre-clinical antibodies group Fusion Antibodies said on Monday that revenues had continued to grow over the year ending on 31 March.