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Mobico profits fall despite revenue growth
Mobico Group reported a fall in profit in its 2023 results on Monday, below the expectations it set at the start of the financial year, despite continued revenue growth.
Takeover talks between Salesforce and Informatica fall through - report
Takeover talks between enterprise tech giant Salesforce and smaller sector peer Infomatica have fallen through, according to reports, after the software companies failed to agree on a price.
RBC Capital cuts Dr Martens price target after profit warning
RBC Capital Markets cut its price target on Dr Martens on Monday to 65p from 85p as it reduced estimates following the bootmaker’s FY25 guidance.
China leaves rates unchanged as expected
China left benchmark lending rates unchanged in line with market expectations.
JTC pays $21m for JPMorgan subsidiary, Mobico revenue rises but profits fall
London open The FTSE 100 is expected to open 84 points higher on Monday, having closed up 0. 24% on Friday at 7,895. 85.
London pre-open: Strong gains expected ahead of busy week
UK stocks are expected to rise for the fourth straight day on Monday as investors shake off recent concerns about monetary policy tightening and geopolitics ahead of a busy week for economic data and corporate earnings.
JTC buy JP Morgan Chase unit for $21m
Global professional services business JTC said it had bought JP Morgan Chase subsidiary First Republic Trust Company of Delaware for $21m.
UK house prices grow at fastest annual pace in a year - Rightmove
The average asking price of a UK home rose at its fastest annual pace in a year in April, with "top-of-the-ladder" homes seeing the biggest growth in activity, according to a survey released on Monday by property website Rightmove.
Monday newspaper round-up: Renewable energy, BlackRock, Frasers Group
A development company that sells off land no longer needed by Thames Water has paid out a £14m dividend despite warnings that it could become engulfed by the water group’s financial woes. Accounts filed at Companies House show Kennet Properties paid out a £14. 5m dividend in the year to 31 March 2023 despite the difficulties faced by the wider group, which is facing going into administration. – Guardian.