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Retail sales slide as inflation bites
Retail sales fell in June, industry research showed on Tuesday, as surging inflation and the cost-of-living crisis caused shoppers to cut spending.
Europe close: Germany's Dax paces losses amid angst over natural gas supplies
Most major European stock market indices finished off their lows of the session but not Germany's Dax, due to concern that its supplies of natural gas from Russia might soon be cut.
London close: Miners lose on mixed Monday for stocks
London stocks were in a mixed state at the close on Monday, with miners under the cosh after China reimposed Covid curbs.
Tuesday preview: German economic confidence index, US small business optimism in focus
Financial markets' focus on Tuesday will be on the euro area where Germany's ZEW Institute will release its closely-followed gauge of economic confidence for the euro area's largest economy covering the month of July.
Sector movers: Autos and Parts, Miners pace losses in nearly flat day on the FTSE 350
Autos&Parts and Travel Leisure paced losses in a down day for the FTSE 350 as the war in Ukraine dragged into its 138th day amid reports in recent days that Moscow had begun to mobilise reservists.
UK asks for more details on French billionaire Drahi's BT stake - report
The UK has reportedly stopped the clock in a probe to request more information about French billionaire Patrick Drahi’s stake-building at BT Group, under a new law which could let officials impose conditions or even block the tycoon.
FTSE 250 movers: Tui drops amid travel chaos; Drax powers ahead
London’s FTSE 250 was down 0. 4% at 18,834. 97 in afternoon trade on Monday.
FTSE 100 movers: Miners under the cosh; Centrica, SSE rally
London’s FTSE 100 was flat at 7,195. 08 in afternoon trade on Monday.
Broker tips: Molten Ventures, Domino's Pizza
Analysts at Berenberg lowered their target price on venture capital firm Molten Ventures from 1,300. 0p to 1,050. 0p on Monday but said a recent portfolio stress test proved the group's stock was "too cheap".
Director dealings: Likewise Group CEO among recent share buyers
Floor coverings distributor Likewise Group had a number of entries in the list of director buys on Monday, after its chief executive officer, a non-executive director, and two other managers made purchases.
US open: Stocks head south ahead of Q2 earnings
Wall Street stocks were in the red early on Monday as market participants prepped for the beginning of Q2 earnings season.
BiVictriX upbeat on recent pipeline progress
Biotechnology company BiVictriX Therapeutics updated the market on its pipeline on Monday, reporting “significant progress” with its lead candidate, ‘BVX001’.
Induction Healthcare signs reseller agreement with System C
Digital health platform provider Induction Healthcare has signed a non-exclusive software reseller agreement with System C Healthcare - a supplier of health and social care information technology systems and services - for the ‘Induction Zesty’ product in the UK.
Mpac warns on full-year profits amid 'challenging' trading
High-speed packaging and automation company Mpac Group said in a trading update on Monday that it continued to make progress during its first half despite a “challenging” trading environment, although it warned on profit for the full year amid some serious operational difficulties.
Norman Broadbent carries strong trading into first half
Executive search and interim management company Norman Broadbent said in a trading update on Monday that, following a “strong” fourth quarter in 2021, net fee income in the first half of 2022 increased 20% to £3. 3m year-on-year, driven by growth in executive search net fee income.
Byotrol achieves full-year market expectations
Infection prevention technology developer Byotrol reported full-year sales of £6. 3m in a trading update on Monday, consisting of £5. 2m from product sales and £1. 1m from intellectual property sales and royalties.
Eco Animal Health signs new £10m facility with NatWest
Animal pharmaceuticals developer Eco Animal Health Group has signed a new bank facility agreement with its existing bank NatWest, it announced on Monday.
AFC Energy inks deal to deploy 'Power Tower' in London
Hydrogen power technology developer AFC Energy announced on Monday that an agreement has been reached for the deployment of a further ‘Power Tower’ fuel cell generator system, in support of the decarbonisation of a London-based construction site.
Serica Energy announces spudding of North Eigg well
North Sea-focussed upstream oil and gas company Serica Energy announced the spudding of the North Eigg exploration well on Monday.
Kistos completes acquisition of Greater Laggan Area interest
Gas producer Kistos completed the acquisition of a 20% interest in the Greater Laggan Area (GLA) producing gas fields and associated infrastructure on Monday, from TotalEnergies.