Market Report
Canaccord Genuity initiates coverage on Capital Limited
Analysts at Canaccord Genuity initiated coverage on Africa-focussed full-scope mining services company Capital Limited on Monday with a 'buy' rating and a 140. 0p target price.
Spectris 'pleased' with first half progress
Precision measurement technology company Spectris reported 6. 1% growth in first-half sales from continuing operations on Monday, to £570. 2m, with adjusted profits growing while reported earnings tumbled.
Revenue up, operating losses widen at Ascential
Information, analytics and e-commerce services company Ascential reported first-half results in line with market expectations on Monday, with revenue rising to £260. 7m from £154. 3m, although its reported losses widened.
RHI Magnesita maintains expectations as prices rise
RHI Magnesita reported a 33% improvement in first-half revenue on Monday, to €1. 59bn (£1. 33bn), and by 25% in constant currency terms.
Berenberg raises target price on NatWest
Analysts at Berenberg raised their target price on lender NatWest from 300. 0p to 350. 0p on Monday, stating the group's second-quarter results had provided "a valuable glance" at its "attractive" return prospects.
London open: Pearson and HSBC pace gains on FTSE 100
London shares were modestly higher in early trading with the buying seen across July having carried over into the start of the month.
JLEN acquires Norwegian aquaculture project and Scottish energy storage project
Environmental infrastructure fund JLEN announced two new acquisitions on Monday - one of a controlled environment aquaculture project in Norway and one of an energy storage project in Scotland.
HICL Infrastructure on track to deliver targeted dividends
Infrastructure assets investor HICL Infrastructure said on Monday that it remains on track to deliver its target dividend of 8. 25p per share for the year ending 31 March 2023.
London pre-open: Stocks set to dip, poor China PMIs drag
London's top-flight index is being called to start the session slightly lower following the release of weaker than expected readings for key factory Chinese factory sector surveys overnight.
Pearson delivers 'strong' H1 financial performance, HSBC interim profits drop
London pre-open The FTSE 100 was being called to open 14. 5 points lower ahead of the bell on Monday after closing 1. 06% higher on Friday at 7,423. 43.
Cranswick Q1 revenues grow
Food producer Cranswick said on Monday that revenues had grown 7. 6% year-on-year in the 13 weeks ended 25 June.
Pearson delivers 'strong' H1 performance, reaffirms FY guidance
Publishing company Pearson said on Monday that it had delivered a "strong financial performance" in the six months ended 30 June, leading the group to reiterate guidance for the full year.