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Food spend drives retail sales growth in August, but consumers still cautious
Retail sales were higher than last year in August despite already strong comparatives in 2023, though growth was relatively subdued amid a "challenging" environment that's likely to last until the end of the year, according to a closely watched retail barometer released on Tuesday.
Tuesday preview: US factory sector, Ashtead in the spotlight
Investors' focus on Tuesday will be on the US manufacturing sector.
Europe close: Stocks end mixed amid holiday Stateside
European shares finished on a mixed note on Monday as investors bid their time ahead of the release of a key monthly jobs report due out at the end of the week.
London close: Stocks slip on relatively quiet Monday
London's stock markets closed in the red today, with trading activity subdued as US markets remained closed for the Labor Day holiday.
Volkswagen no longer ruling out plant closures, scraps job security agreement
German automotive giant Volkswagen warned on Monday that it would no longer be able to rule out plant closures across the country amid major cost-cutting efforts to "future-proof" the firm.
Broker tips: Rightmove, Bodycote
Shore Capital reiterated its 'buy' rating on Rightmove on Monday after Australia's REA Group confirmed it was considering an offer for the UK property platform, highlighting the opportunities for shareholders whether or not a takeover happens.
FTSE 250 movers: Kainos slumps on sales warning; Bodycote gains on Berenberg note
FTSE 250 (MCX) 21,001. 82 -0. 40%.
FTSE 100 movers: Rightmove surges on takeover interest; UBS lifts Barratt shares
London’s FTSE 100 was down 0. 1% at 8,364. 87 in afternoon trade on Monday.
Kainos shares slump after revenue warning
IT provider Kainos said it expected full-year revenues to be below market forecasts due to the tougher trading environment in services as clients delayed decisions on projects, but adjusted pre-tax profit would be in line with consensus estimates.
Director dealings: Restore CEO ups stake
Restore revealed on Monday that chief executive officer Charles Skinner had acquired 100,000 ordinary shares in the AIM-listed records management company.
HPE to pursue up to $4bn from Mike Lynch estate - reports
Hewlett Packard Enterprise (HPE) will continue its pursuit of up to $4bn in damages from the estate of the late Autonomy founder Mike Lynch, it emerged on Monday, despite his recent death.
London midday: Stocks stay down but Rightmove surges on potential offer
London stocks were still in the red by midday on Monday in what was likely to remain a fairly quiet session, with US markets closed for the Labor Day holiday.
Europe midday: Weak EZ, China survey data his sentiment as Stoxx falls
European shares opened lower on Monday as investors continued to digest US inflation figures released at the end of last week along with weak manufacturing survey data from the eurozone and China, while trade was expected to be subdued with US markets closed for the Labor Day holiday.
Eden Research product granted temporary approval in Greece
Sustainable biopesticide developer Eden Research announced on Monday that its Cedroz product has been granted temporary approval in Greece for the 2024 growing season.
Shore Capital sticks with 'buy' for Rightmove amid REA takeover speculation
Shore Capital has reiterated a 'buy' rating on Rightmove after Australia's REA Group confirmed it was considering an offer for the UK property platform, highlighting the opportunities for shareholders whether or not a takeover happens.
Intercede secures orders and renewals worth over $1.5m
Cybersecurity software company Intercede Group announced the securing of contract orders and subscription renewals on Monday, exceeding $1. 5m.
MTI Wireless Edge receives order from biggest defence client
Communications firm MTI Wireless Edge said on Monday that its MTI Summit subsidiary has received a new order from its biggest customer in the defence sector.
Ashtead Technology reports record first-half
Offshore equipment subsea equipment rental and solutions specialist Ashtead Technology reported record financial results for the first half of 2024 on Monday, driven by strong demand across both offshore renewables and oil and gas sectors.
Phoenix's Aurora Trust proposes merger with Artemis Alpha
Phoenix’s Aurora Investment Trust has proposed a merger with the Artemis Alpha Trust, it was reported on Monday, aiming to consolidate £353m in assets.
Judges Scientific appoints new group commercial director
Judges Scientific, a company specialising in acquiring and developing businesses within the scientific instrument sector, announced the appointment of Dr Ian Wilcock to its board as group commercial director on Monday.