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Seed Innovations puts another £50k into South West Brands
Medical cannabis, health and wellness-focussed investor Seed Innovations has invested a further £50,000 in London-based wellness and beauty brand owner South West Brands (SWB), it announced on Monday.
Michael Lynch-Bell appointed as new Serabi Gold chair
Brazil-focussed miner and developer Serabi Gold announced the appointment of Michael Lynch-Bell as a non-executive director and its new chairman on Monday, with immediate effect.
R&Q reports strong premiums growth in first half
Non-life specialty insurance company R&Q reported gross written premiums of $807m in a first-half update on Monday, up 82% year-on-year.
Hutchmed upbeat on latest study results for colorectal cancer treatment
Hutchmed China announced on Monday that the “pivotal” global phase three trial evaluating the investigational use of ‘fruquintinib’ met its primary endpoint of overall survival in patients with advanced, refractory metastatic colorectal cancer (CRC).
Europe midday: Shares maintain gains as investors ponder China trade data
European shares maintained gains at midday on Monday as investors assessed a strong rise in China's trade surplus.
US pre-open: Futures higher as investors look ahead to CPI reading
Wall Street futures were in the green ahead of the bell on Monday ahead of a key inflation report scheduled for later in the week.
London midday: Stocks maintain gains as investors mull China data
London stocks were still in the black by midday on Monday as investors mulled the latest trade data out of China.
PwC, partner sanctioned over audit of BT's 2017 accounts
PricewaterhouseCoopers and one of its partners have been issued sanctions worth an initial £2. 5m, it was announced on Monday, for the audit of BT Group’s 2017 financial statements.
Asia report: Stocks firmer after strong US payrolls report
Stocks were mixed in Asia on Monday, as investors reacted to a much-better-than-expected jobs report out of the United States on Friday.
Barclays raises target price on Hargreaves Lansdown, Deutsche Bank less confident following 'weak Q4'
Analysts at Barclays and Deutsche Bank both took a fresh look at financial services giant Hargreaves Lansdown following the release of the group's full-year results last week.
Diversified Energy boosts dividend after record average production
Diversified Energy declared a second quarter interim dividend of 4. 25 US cents per share on Monday, up 6% year-on-year, after reaching a record average net daily production in the period.
Veolia to sell Suez UK waste business to Macquarie for €2.4bn
French utility Veolia has agreed to sell Suez’s UK waste business to Australia’s Macquarie for around €2. 4bn to address the concerns of the UK’s Competition and Markets Authority.
Lok'nStore FY self-storage revenues up 17.3% YOY
Lok'nStore said on Monday that full-year self-storage revenues had risen 17. 3% year-on-year, following "unprecedented occupancy" and pricing gains in the previous year.
JPMorgan upgrades L&G, downgrades Phoenix
In a note on the UK life insurance sector on Monday, JPMorgan Cazenove upped its stance on Legal & General but downgraded M&G and Phoenix Group.
AstraZeneca gets US approval for breast cancer treatment
AstraZeneca’s breast cancer treatment candidate ‘Enhertu’, or trastuzumab deruxtecan, has been approved in the United States, it announced on Monday.
Joules confirms talks with Next over £15m minority stake
Joules confirmed on Monday that it is in talks with retailer Next about the acquisition of a £15m stake in the lifestyle brand.
China's trade surplus hits record high in July
China's trade surplus hit a record high in July, providing the world's second-largest economy with some much needed support.
TheWorks slashes FY23 outlook, shares tumble
TheWorks slashed its outlook for FY23 on Monday, pointing to a deteriorating market outlook, low consumer confidence and rising inflation, sending shares in the arts and crafts and stationery retailer tumbling.
PageGroup H1 profits grow but outlook cautious
PageGroup backed its full-year expectations on Monday as it posted a rise in first-half pre-tax profit and revenue, but also struck a note of caution in its outlook, sending shares in the recruiter sliding.
Europe open: Shares rally after Friday fall on US jobs data
European shares rallied at the open on Monday after falls last week when a strong US jobs sparked fears of more aggressive interest rate rises by the Federal Reserve.