Market Report
Touchstar ends year above market expectations
Mobile data computing and managed services provider Touchstar said in a trading update on Monday that its unaudited full-year outcome for 2021 was above market expectations in terms of profitability and cash generation.
Serabi Gold meets full-year production guidance
Brazil-focussed miner and developer Serabi Gold reported fourth quarter production of 7,678 ounces in an update on Monday - a 6% improvement year-on-year.
Morgan Stanley reiterates 'buy' for FTSE 100, highlights 'defensive' qualities
Analysts at Morgan Stanley sounded a 'bullish' note on the outlook for the FTSE 100, highlighting its greater 'defensive' properties relative to rivals, higher dividend yields versus global peers, exposure to energy and record low expectations for growth in the profits of its constituent companies.
Europe midday: Shares extend losses as Ukraine tensions increase
European shares were 2% lower at midday on Monday as investors continued to fret about the pace of interest rate rises and growing US/Russian tensions over Ukraine.
US pre-open: Futures in the red as investors look ahead to Fed policy decision
Wall Street futures were pointing to losses yet again on Monday as market participants braced for another week of corporate earnings and a key policy decision from the Federal Reserve Bank.
London midday: Stocks slide as UK business growth hits 11-month low
London stocks were firmly in the red by midday on Monday after a survey showed that business growth in the UK slid to an 11-month low in January, while growing tensions between Russia and Ukraine also weighed on sentiment.
Asia report: Markets mixed as investors look to Fed
Stock markets in Asia closed in a mixed state on Monday, as investors kept a hold on their wallets ahead of the US Federal Reserve’s policy meeting later in the week.
Spectra Systems scores three new contract awards
Banknote authentication and security software provider Spectra Systems Corporation said on Monday it had secured three new contract awards, generating $700,000 of additional unforecasted revenue for the 2022 calendar year.
Jefferies considers cladding issues, downgrades three UK housebuilders
Jefferies downgraded its recommendation on three UK housebuilders on Monday as it assessed the impact of cladding issues.
MaxCyte ends year with strong trading
Cell engineering company MaxCyte said on Monday that it expected total revenue for its fourth quarter to be at least $10m, up from $8. 5m year-on-year, reflecting growth of at least 17% in total revenue and at least 37% in core business revenue.
Seeing Machines upbeat on new US industry guidelines
Driver monitoring technology company Seeing Machines responded to the United States Insurance Institute for Highway Safety (IIHS) on Monday, after the latter released new safeguard ratings for partial automation on 20 January.
Temasek nearing deal to buy Bridgepoint testing business - report
Singapore state-owned investor Temasek was said to be nearing a deal to buy Bridgepoint’s testing business Element Materials Technology for almost $7bn.
Pantheon Resources spuds Theta West 1 well
Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on the spudding of the Theta West #1 Well on Monday, reporting that following the completion of preparation work, the Nordic Calista #3 rig had mobilised 8. 5 miles to the Theta West location where it spudded the well at 2200 GMT on 21 January.
Big Technologies delivers 'robust performance' in 2021
People monitoring technology firm Big Technologies said on Monday that it had continued to deliver "a robust performance" in 2021 as it continued to win new customers, underpinning its revenue forecast for 2022.
IQE forms ESG board committee
Semiconductor wafer and materials supplier IQE announced the formation of an environmental, social and governance (ESG) board committee on Monday.
Corero Network Security FY EBITDA seen 'materially ahead' of expectations
Cyber defense solutions provider Corero Network Security said on Monday that it had "performed strongly" in 2021, with revenues expected to be broadly in line with market expectations and underlying earnings anticipated to be "materially ahead" of expectations.
Vodafone said to have explored Three UK deal; in talks over Iliad tie-up
Vodafone has reportedly explored a potential acquisition of rival Three UK and been in talks about a potential merger of its Italian business with Iliad.
Endeavour mining ends strong year in line with guidance
Endeavour Mining reported “strong” fourth quarter production of 398,000 ounces on Monday, up 4% over the third quarter, while its all-in sustaining costs remained stable at around $900 per ounce.
KKR-led consortium agrees to Accell takeover bid
Buyout firm KKR and a consortium of others agreed to a takeover bid for bicycle maker Accell Group on Monday that valued the firm at €1. 56bn.
Polymetal's Novopet deposit estimated to hold 2.4m ounces of gold-equivalent
Mining company Polymetal International revealed on Monday that its Novopet deposit in Bashkortostan was estimated to hold 2. 4m ounces of gold-equivalent at an average grade of 8. 0 grams per tonne.