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Inchcape to exit UK retail and return £100m to shareholders
Shares in Inchcape raced ahead on Monday after the automotive distributor announced the disposal of its UK Retail operations to Group 1 Automotive UK for £346m.
Eurozone industrial production rebounds slightly in February
Industrial output in the eurozone rebounded slightly in February after a significant downturn the month before, according to figures released on Monday by Eurostat.
BNP Paribas to buy 9% stake in Ageas
French banking giant BNP Paribas announced on Monday that it is buying a 9% stake in Belgian insurer Ageas from Chinese conglomerate Fosun Group for €730m.
Mitie shares surge on profit upgrade, £50m buyback
Mitie shares soared on Monday as the cleaning-to-security services outsourcer upgraded its annual profit forecast and launched an extra £50m share buyback on the back of record revenues.
Renold FY results seen 'materially ahead' of market expectations
Industrial chains manufacturer Renold said on Monday that its full-year results would now be "materially ahead" of current market expectations as "strong" first-half momentum continued throughout H2.
Checkit secures three contract wins, launches new product
Software solutions firm Checkit said on Monday that it has secured new contract wins from two existing customers worth a minimum of £417,000 in total lifetime revenues over their three-year terms.
Getech secures three separate contract wins
Subsurface resources locator Getech said on Monday that it had secured three separate contract wins related to the exploration of natural hydrogen.
Asia report: Most markets fall on fresh geopolitical concerns
Asia-Pacific markets were mixed but mostly lower on Monday, against a backdrop of escalating geopolitical tensions and ahead of key economic indicators.
CyanConnode gets big order from IntelliSmart
Narrowband radiofrequency and smart mesh network technology specialist CyanConnode announced receiving an order for 265,331 Omnimesh modules from Madhyanchal One Infrastructure on Monday, a subsidiary of IntelliSmart Infrastructure.
Faron Pharmaceuticals CFO stands down
Clinical-stage biopharmaceutical company Faron Pharmaceuticals revealed on Monday that chief financial officer James O'Brien would be leaving the group to "pursue another career opportunity".
Ixico inks supply agreement with LMI
Analytics company Ixico has inked a supply agreement with Life Molecular Imaging that will see it supply that latter's Neuraceq Amyloid PET tracer for use in pharma-sponsored clinical trials.
Revenue slips but gross profit rises at Engage XR
Engage XR reported total 2023 revenue of €3. 7m in its final results on Monday, down slightly from €3. 9m year-on-year.
London open: Israel-Iran tensions weigh on stocks early on
Iran's attack on Israel overnight was weighing on London's stock market on Monday morning, with the FTSE 100 dropping 0. 4% to 7,960 early on.
Seed Innovations gets £2.4m balance from Leap Gaming sale
Health, wellness and medical cannabis investor Seed Innovations announced the receipt of £2. 4m (€2. 76m) from the final instalment of the sale proceeds of its portfolio company Fralison Monday, which operated as Leap Gaming.
Europe open: Shares shrug off MEast tensions; Temenos surges 15%
European shares opened higher on Monday despite increased tensions in the Middle East after Iran fired drones and missiles at Israel on Saturday in retaliation for what it claimed was an Israeli attack on its consulate in Syria on April 1.
HgCapital invests £21.3m into Focus Group
HgCapital Trust announced an investment in prominent UK essential business technology provider Focus Group on Monday.
Kainos profit before tax set to meet expectations
Digital services and IT provider Kainos Group said in an update on Monday that it expected solid revenue growth and robust growth in adjusted profit before tax for the financial year just ended.
Ashmore reports $2.1bn fall in assets under management
Specialist emerging markets asset manager Ashmore said in an update on Monday that assets under management decreased by $2. 1bn in the March quarter, which it attributed to negative investment performance of $0. 1bn and net outflows of $2bn.
Ceres Power says it's on track for a 'strong' 2024
Ceres Power posted higher full-year sales and gross profits and said that it was on track for a "strong" 2024.
Sanderson Design renews, expands licensing deal with Blinds 2go
Sanderson Design Group announced the renewal and expansion of its licensing agreement with Blinds 2go, an e-commerce entity specialising in made-to-measure blinds, curtains, and shutters, on Monday.