Latest News
Sector movers: Retailers drop ahead of July CPI data
Price action at the start of the week saw both cyclical and defensive 'plays' battle it out for market leadership, with Ibstock and NMC Health pacing gains among Health Care and Construction-related issues, respectively, while retailers dropped ahead of (post-Brexit) CPI figures due out the next day.
US close: Stocks surge as oil prices soar
US stocks gained on Monday as oil prices edged higher and investors shrugged off weaker-than-expected manufacturing data.
Average UK house prices fall in August, Rightmove reveals
Asking prices for homes in England and Wales fell in August compared to a month ago due to Brexit worries and a quieter summer holiday period, Rightmove said on Monday.
Europe close: Shares end on a mixed note amid holiday-thinned trading volumes
European stocks ended on a mixed note on Monday, amid low volumes, with many traders in Europe away from their desks for the Assumption Day holiday.
Uvenco UK enters into new debt facility agreement
Uvenco UK shares plunged on Monday as the company entered into a £1. 3m debt facility agreement.
London close: Stocks finish higher, cable slides
London stocks finished in the green on Monday as oil prices jumped on hopes OPEC will stabilise the market at a meeting in September.
AFC Energy shares rocket after unveiling new colours
Hydrogen fuel cell manufacturer AFC Energy shares rocketed after the company unveiled its new brand identity to mark its transformation from a research and development-focused technology outfit and into a commercial company providing large-scale industrial applications.
Driver Group appoints new CFO
Driver Group has appointed Charles Laurence Cawley as its new group finance director.
Small caps news round-up
Georgia Healthcare reported a stonking rise in half-year sales and profits, with the latter boosted further by a non-recurring tax benefit. Revenues raced ahead by 55. 5% to a record 174. 2m Georgian Liari (GEL) when compared with the year-ago period, allowing the central Asian country's largest hospital operator to ring-up a 239. 6% jump in net profits to GEL45. 2m (£14. 4m).
Georgia Healthcare half-year profits boosted by tax benefits
Georgia Healthcare reported a stonking rise in half-year sales and profits, with the latter boosted further by a non-recurring tax benefit.
Ithaca Energy reports better than expected average production at half-year stage
Ithaca Energy reported a sharp increase in cash flows and reduction in net debt at the half-year stage ahead of the start of production at its Stella field, which management forecast would lead to a step-change in production and hence cash flows.
Sunrise Resources reports positive progress at Pozz Ash project
Sunrise Resources on Monday reported “positive progress” at its Pozz Ash project in Nevada.
Euromoney buys FastMarkets
Euromoney Institutional Investor has signed a binding contract to buy real-time metals market information provider FastMarkets.
Director dealings: Pennant CEO sells two thirds alongside placing
Pennant International chief executive Chris Snook has sold more than two thirds of his stake in the company alongside the support service company's £3. 56m fundraising.
US open: Stocks rise as oil prices gain
US stocks gained on Monday as oil prices edged higher and investors shrugged off weaker-than-expected manufacturing data.
AorTech's full year operating losses widen on bad debt provisions
AorTech International on Monday reported an increase in full year operating losses, reflecting bad debt provisions.
Ocean Wilsons profit rises in face of forex challenges
Ocean Wilsons Holdings provided its interim management statement for the six months to 30 June on Monday, with profit before tax up 43% to $57. 1m, from $39. 9m a year ago.
Rosneft Q2 profit slides but beats estimates
Rosneft posted a drop in second-quarter net profit on Monday amid weaker oil prices, but the figures were still ahead of analysts’ expectations.
Edenville sees opportunity in Tanzania coal import ban
Tanzania-focused coal-to-power project developer Edenville Energy updated the market on the latest developments with regard to the project on Monday.
NAHB housing market index ticks up as expected
Sentiment among US housebuilders improved a touch as expected in August.