Market Report
AMC Entertainment surges as it wards off bankruptcy
Shares of AMC Entertainment surged on Monday after the Odeon owner said it had secured $917m of new equity and debt capital that should enable it to weather "this dark coronavirus-impacted winter".
Filta seeing some green shoots after Covid-19 pandemic
Fryer management and commercial kitchen service provider Filta Group updated the market on its trading for 2020 on Monday, reporting that the impact of Covid-19 on the restaurant and leisure sector saw it focus on its cash position in a bid to navigate an “unexpectedly challenging” period.
Frasers Group to close Jenners site in Edinburgh
Frasers Group will close its House of Fraser store in Edinburgh in May, after it failed to secure a deal to continue its tenancy.
AstraZeneca will fail to meet Covid-19 vaccine delivery targets in Europe
AstraZeneca will fail to deliver the number of Covid-19 vaccine doses which it had committed to with the European Union for the first quarter.
Merck to refocus efforts on developing Covid-19 therapies
Merck&Co. will close its Covid-19 vaccine development programme after clinical trial results came up short.
Berenberg raises target price on Synthomer
Analysts at Berenberg raised their target price on chemicals group Synthomer from 430. 0p to 515. 0p on Monday, stating continued upgrades from nitrile latex provided "an auspicious backdrop" for 2021.
Playtech in exclusive talks over $200m sale of Finalto
FTSE 250 gambling software company Playtech confirmed on Monday that it is in exclusive talks with a management consortium regarding the possible sale of its financials division, Finalto, for up to $200m in cash.
AFH Financial to be taken over by US private equity firm in £225m deal
AFH Financial has agreed to be taken over by US private equity firm Flexpoint Ford in a £224. 5m deal.
Bahamas Petroleum given right to respond to judicial review
Bahamas Petroleum Company updated the market on the court process it was going through in the Bahamas, reporting that on 22 January the Honourable Justice Petra Hanna-Adderley provided her ruling on the subject of the company being added as a primary respondent to the application brought by environmental groups against the government of the Bahamas.
US pre-open: Stocks mixed ahead of earnings-heavy week
Wall Street futures were pointing to a mixed session before the opening bell on Monday ahead of some key corporate earnings later in the week.
Synairgen enters clinical trial deal with US government
Respiratory drug discovery and development company Synairgen announced a clinical trial agreement on Monday, to include its inhaled interferon beta-1a treatment ‘SNG001’ in the ACTIV-2/A5401 phase 2 and 3 trial in patients with Covid-19 not yet requiring hospitalisation.
Europe midday: Tech stocks help hold gains as travel shares battered
European shares were clinging on to positive territory at lunchtime on Monday morning, as tech stocks found favour among investors, while the prospect of extended Covid lockdowns on the continent battered travel and leisure companies.
London midday: FTSE a little weaker as travel, leisure stocks slump
London equity markets were a little weaker by midday on Monday, with travel and leisure stocks under the cosh as the prospect of tighter border restrictions and a prolonged lockdown weighed on sentiment.
Minds and Machines FY revenues broadly flat
Domain name registrar Minds and Machines said on Monday that full-year 2020 revenues were largely in line with those seen in the prior year.
Asia report: Markets higher as China beats US for foreign investment
Markets in Asia finished positive across the board on Monday, as investors kept a watchful eye on the Covid-19 pandemic, as various mutated strains were tracked worldwide.
IG Design YTD revenues surge amid ongoing pandemic
Gift card manufacturer IG Design said on Monday that trading in the nine months ended 31 December had resulted in a marked increase in revenues.
Altus Strategies gets confirmation on Egypt licences
Altus Strategies announced on Monday that the Egyptian Mineral Resource Authority (EMRA) had confirmed that its wholly-owned subsidiary Akh Gold would be awarded a number of gold exploration licences in the country’s Eastern Desert.
Savannah Energy trades well in 2020
Africa-focussed Savannah Energy updated the market on its trading in 2020 on Monday, reporting total revenues of $235. 9m, up 23% on 2019 and ahead of its previously-issued guidance for at least $200m.
Sopheon FY revenues in line with prior year following strong Q4
Software and services firm Sopheon said on Monday that the final quarter of 2020 was the strongest of the year for the group despite the resurgence of Covid-19 concerns.
German business sentiment deteriorates in January
German business sentiment deteriorated in January as the second wave of the Covid-19 pandemic took its toll, according to a survey released on Monday by the Ifo Institute.