Market Report
MP Evans rises on lifting of Indonesian palm oil export ban
Palm oil producer MP Evans confirmed on Monday that the Indonesian government has announced plans to remove its palm oil export ban from 23 May.
Europe midday: Shares slip off highs but still in positive territory
European stocks slipped off morning highs but remained in positive territory as investors shrugged off inflationary worries that have underpinned sentiment in recent weeks.
London midday: Stocks maintain gains as Kingfisher, Kainos rally
London stocks were still firmly in the black by midday on Monday as investors brushed aside concerns about global growth and inflation, at least for now.
Life Science REIT pleased with performance since IPO
Life Science REIT reported a portfolio value of £192. 2m at the end of 2021 in its results on Monday, including a revaluation gain of £14. 5m.
CentralNic reports solid first quarter growth
Online service provider CentralNic reported an improvement in both revenue and adjusted EBITDA in the March quarter on Monday, driven by a combination of acquisitions and underlying organic growth.
Spirax-Sarco considering closure of loss-making French facility
Spirax-Sarco Engineering said on Monday that it considering closing its loss-making Chromalox manufacturing facility in Soissons, France.
Asia report: Most markets rise, Chinese tech shares slide
Most stock markets closed in positive territory in Asia on Monday, with Hong Kong’s bourse being the notable exception as Chinese technology plays listed there headed south.
Berenberg lowers target price on Fevertree, stays at 'buy'
Analysts at Berenberg lowered their target price on drinks maker Fevertree from 2,250. 0p to 2,000. 0p on Monday as it continued to assess downtrading risks.
EnQuest on track to deliver against FY targets
Exploration and production company EnQuest said on Monday that it remained on track to deliver against its full-year targets thanks to a "strong" performance at Kraken, with the FPSO continuing to operate with "top quartile uptime".
Judges Scientific buys Geotek in biggest acquisition yet
Scientific instrument-focussed investor Judges Scientific has acquired Geotek Holding and Geotek Coring, it announced on Monday, which develops and manufactures instruments used to measure and log various characteristics of geological cores, and supplies related services.
German business sentiment improves in May - Ifo
German business sentiment unexpectedly improved in May, according to a survey released on Monday by the Ifo Institute.
Siemens Energy launches EUR 4bn bid for ailing Gamesa
Siemens Energy announced a €4. 05bn (£3. 43bn) bid for the rest of Siemens Gamesa over the weekend, as the ailing wind turbine engineer faced mounting issues with its operations and ongoing product delays.
Harland & Wolff widens revenue expectations on cautious outlook
Shipyard and maritime engineer Harland & Wolff reported revenue of £18. 5m for the 17 months ended 31 December in its annual results on Monday, compared to £1. 48m in the year through July 2020, although it sounded a cautious tone as it broadened its revenue expectations for the year.
Kainos FY revenues surge amid 'robust' underlying market conditions
IT provider Kainos reported growth in both revenues and adjusted pre-tax profits on Monday amid "robust" underlying market demand and high levels of customer engagement throughout the 12 months ended 31 March.
Europe open: Stocks rise as Siemens deal boosts German DAX
European stocks opened the week strongly as investors shrugged off inflationary worries that have underpinned sentiment in recent weeks.
Ince FY revenues seen 'slightly' lower YOY, pre-tax profits to fall short of expectations
Shares in legal and professional services outfit Ince slumped early on Monday after the group revealed full-year revenues had come in "slightly" lower year-on-year following "a challenging last quarter".
London open: Stocks gain as Kingfisher, Moonpig rally
London stocks rose in early trade on Monday as investors brushed aside concerns about global growth and inflation, at least for now.
Moonpig to buy Smartbox for £124m
Shares in online greetings card retailer Moonpig surged early on Monday after the firm announced the proposed acquisition of Smartbox Group for £124. 0m in cash as part of an effort to accelerate its strategy of becoming "the ultimate gifting companion".
Kingfisher reiterates FY guidance, Big Yellow agrees to sale of industrial warehouse scheme
London pre-open The FTSE 100 was being called to open 75. 7 points higher ahead of the bell on Monday after closing out the previous session 1. 19% stronger at 7,389. 98.
London pre-open: Stocks seen higher as Nikkei gains
London stocks were set to rise at the open on Monday despite a mixed session in Asia, following a positive session in Japan.