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London midday: Stocks maintain gains after raft of UK data; French elections in focus
London stocks were off earlier highs but still in the black by midday on Monday as investors mulled a raft of UK data and French election results suggesting the Far Right will fall short of an absolute majority in the second round of voting.
Sareum announces positive results from kinase inhibitor trial
Sareum Holdings announced positive topline results from its phase 1a clinical trial of SDC-1801, a dual TYK2/JAK1 kinase inhibitor under development for treating autoimmune diseases.
Boeing to buy Spirit Aerosystems in $4.7bn deal
Boeing said on Monday that it has agreed to buy Spirit AeroSystems in a $4. 7bn all-share deal.
Feedback secures contract with Queen Victoria Hospital
Clinical infrastructure business Feedback has scored a contract with the Queen Victoria Hospital to provide its Bleepa Community Diagnostics Centre solution.
JPMorgan puts Trustpilot on ‘positive catalyst watch’, shares rally
JPMorgan Cazenove placed Trustpilot shares on ‘positive catalyst watch’ on Monday ahead of the first-half trading update on 11 July, saying it expects another period of adjusted EBITDA ahead of expectations.
Vivendi settles long-running dispute with institutional investors
French media conglomerate Vivendi announced the resolution of a long-running legal dispute on Monday, concerning financial communications from the early 2000s.
UK mortgage approvals dip in May
UK mortgage approvals dipped in May as higher mortgage rates continued to take their toll, according to data released on Monday by the Bank of England.
Rainbow Rare Earths raises $10m through Ecora Resources partnership
Rainbow Rare Earths has raised $10m through a royalty agreement with Ecora Resources and a share placing that will allow it to complete a definitive feasibility study (DFS) for its Phalaborwa project in South Africa.
UK manufacturing growth slows in June
Growth in the UK manufacturing sector slowed slightly in June, according to a survey released on Monday.
Seb James stepping down as Boots managing director
Walgreens Boots Alliance announced on Monday that Sebastian James, managing director of Boots, had decided to leave the company to pursue a new role in the healthcare sector.
Asia report: Most markets rise amid mixed data from China, Japan
Asia-Pacific markets experienced an overall positive start to the second half of the year, with investors reacting to mixed economic indicators from China and revised GDP figures from Japan.
Air France-KLM warns of revenue pressure from Paris Olympics
Air France-KLM Group warned of revenue pressure over the summer on Monday, as a direct result of the Paris Olympic Games.
Greatland Gold appoints Dean Horton as new finance chief
Greatland Gold announced the appointment of Dean Horton as its new chief financial officer on Monday.
Zenova receives trial order from University of Sheffield
Fire safety business Zenova said on Monday that it has received a trial order from the University of Sheffield.
SigmaRoc enters partnership to repurpose quarry spoil
SigmaRoc announced a 10-year strategic alliance with Duo Group on Monday, to produce and sell sustainable limestone aggregates in the UK, a move projected to generate over £150m in incremental revenue while reducing environmental impact through the repurposing of limestone quarry waste.
Eurozone manufacturing PMI revised higher but downturn continues
The downturn in the eurozone's manufacturing sector wasn't as bad as initially feared in June, with initial estimates being revised higher on Monday, though the contraction across the region remained firmly entrenched.
Northamber acquires Irish cybersecurity distributor
Audiovisual and information technology distributor Northamber said on Monday that it has acquired Irish cybersecurity solutions firm Renaissance Contingency Services in a deal worth up to €900,000.
Porvair H1 profits slightly lower, headline revenues rise
Environmental technology business Porvair said on Monday that profits had moved slightly lower in the six months ended 31 May despite seeing a modest uptick in headline revenue throughout the period.
BlackRock snaps up UK data provider Preqin for £2.6bn
BlackRock is to take over UK data provider Preqin in a $3. 2bn (£2. 55bn) deal as the American investment giant expands further into the fast-growing private markets data segment.
Berenberg upgrades British Gas owner Centrica to ‘buy’
Berenberg upgraded British Gas owner Centrica on Monday to ‘buy’ from ‘hold’ and lifted the price target to 155p from 130p.