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Europe open: Shares up as all eyes on US CPI; Vistry surges
European shares made a strong start to the week on Monday as investors looked ahead to a critical US inflation reading and an interest rate decision from the European Central Bank (ECB) later in the week for any indication on the path of global interest rates.
Iofina confident as first-half earnings jump 60pc
Iodine explorer and producer Iofina reported 60% growth in adjusted EBITDA in its first half on Monday, to $5. 9m.
US pre-open: Futures rise with Apple and Tesla in the spotlight
US stock futures headed higher on Monday morning, taking their cues from European indices, ahead of a raft of key economic data later in the week.
Seed Innovations partially offloads stake in Avextra
Health, wellness and medical cannabis investor Seed Innovations announced a major sale on Monday, offloading 2,900 shares of Germany-based European medical cannabis enterprise Avextra, formerly known as Eurox Group.
Vistry shares surge on move to unite partnerships, housebuilding
Shares in Vistry surged on Monday as the company said it planned to merge its housebuilding operations with the partnerships business by the end of the year as it also set new medium-term earnings targets.
Journeo chosen for county-wide project in Hertfordshire
Transport information systems specialist Journeo announced on Monday that it had been selected by Hertfordshire County Council (HCC) for a new project.
Cora Gold agrees extension to loan note maturity date
West Africa-focussed Cora Gold announced the extension of the maturity date for specific convertible loan rights on Monday, that were set to mature on 9 September.
Engage XR losses narrow as client list grows
Metaverse and virtual reality technology specialist Engage XR reported group revenue of €2. 1m for the first half on Monday, up 18% year-on-year.
MP Evans production rises but profitability slides in first half
Indonesia-focussed palm oil producer MP Evans announced its unaudited interim results on Monday, reporting a 2% rise in the total crop processed, amounting to 721,100 tonnes.
Wilko on the brink after rescue talks collapse
A rescue bid to save the Wilko discount retail chain and thousands of jobs has failed, after talks between administrators and HMV owner Doug Putman collapsed.
European Commission cuts economic growth expectations
The European Commission unveiled its summer 2023 economic forecast on Monday, cutting its expectations for growth across the eurozone and the wider 27-member European Union.
Asia report: Stocks mixed on China inflation, BoJ comments
Asia-Pacific stock markets presented a mixed picture by the end of trading on Monday, ahead of major economic data releases set to come later in the week.
BMW to invest £600m in Oxford Mini plant
BMW is expected to announce a £600m investment to upgrade its Oxford Mini factory following the UK government's backing of the project.
Passenger numbers rise as Heathrow recovers from last summer's chaos
Heathrow Airport reported strong growth in August’s passenger numbers on Monday, as well as heightened passenger satisfaction, making for a stark contrast to the travel chaos of summer 2022.
Burford Capital responds to US court decision in YPF litigation
Legal-focussed finance and asset management company Burford Capital updated the market on the Petersen and Eton Park litigation against the Republic of Argentina and YPF on Monday, in the United States District Court for the Southern District of New York.
Bitcoin falls back below $26,000, "looking uninspired"
New falls in the cryptocurrency market. Bitcoin (BTC) trades below $26,000 again and settles around $25,800, while Ethereum (ETH) drops to $1,610.
WANdisco hopes rebrand will change fortunes after a "traumatic" first half
Shares in WANdisco dropped on Monday morning after the struggling data activation platform confirmed first-half bookings had slumped following a "traumatic time" for the company.
London open: Miners pace gains ahead of busy week
London stocks rose in early trade on Monday, with miners pacing the advance as investors looked ahead to a busy week.
Melrose Industries valuation 'up with events', says RBC Capital
RBC Capital Markets downgraded Melrose Industries on Monday to ‘sector perform’ from ‘outperform’ as it argued the valuation was "up with events", but lifted the price target to 540p from 525p.
China inflation recovers in August
China's consumer inflation recovered in August after dropping into negative territory the previous month, according to official data published on Saturday.