Market Pulse
RWE, E.ON surge on nuclear stress test results
Shares in German utilities RWE and E. ON surged on Monday after the country’s economy ministry said the companies have set aside enough funds to pay for the shutdown and clean-up of nuclear power plants when decommissioning takes place.
Action Hotels acquires Melbourne Airport hotel
Action Hotels has completed the acquisition of the ibis Budget hotel at Melbourne Airport, Australia.
Oracle Coalfields forms joint venture for new Pakistan power plant
Oracle Coalfields along with the Shangdong Electric Power Corporation of China (SEPCO) will be sponsors of a 600 MW indigenous coal-fired power plant in Pakistan.
Landore Resources boosted by report on Junior Lake site
Landore Resources said a mineral potential investigation on its Canadian base metals delivered positive results.
Babcock wins new five-year contract with MoD
Engineering support services company Babcock has been awarded a five-year contract by the UK Ministry of Defence to deliver engineering services to the Royal Navy at air stations in the south west of England.
BMR Mining shares surge on Zambia update
Shares in BMR Mining surged 14% early on Monday after the company said it had submitted its draft environmental and social impact assessment for the Kabwe project to the Zambian Environmental Management Agency (ZEMA).
Winterkorn to step down from other roles at VW
The ex-chief executive of Volkswagen, Martin Winterkorn, will step down from his other posts at the German car manufacturer, according to Reuters.
Carillion wins GBP1.7bn new business since half year
Shares in Carillion surged after the construction and support services group expressed confidence over its full-year targets, as it said it has signed contracts, secured preferred bidder positions and been awarded frameworks worth around £1. 7bn since 30 June.
Grafton's senior director to step down at the end of the year
Roderick Ryan will step down from its role as chairman of the audit and risk committee and senior independent director of Grafton Group at the end of the year.
Artilium signs deal with Belgium-based MVMO FMS
Telecoms software provider Artilium has signed a contract with Belgium-based MVMO FMS Contact for an undisclosed amount.
NAHL Group to acquire Bush & Company Rehabilitation
NAHL Group is expanding its legal services empire, after it announced it will acquire Bush & Company Rehabilitation.
RBC Capital upgrades Hays, says share price drop is overdone
RBC Capital Markets upgraded Hays to ‘outperform’ from ‘sector perform’, saying the share price drop following the recruitment company’s results last week was overdone despite the slower growth outlook.
Avation completes second Flybe delivery
Commercial passenger aircraft leasing company Avation has completed the delivery of its second aircraft to low-cost airline Flybe.
Westminster Group signs MoU with airport authority
Westminster Group’s aviation subsidiary has signed a long term memorandum of understanding with an unnamed government-owned airport authority.
London open: Stocks drop as US trading closed for holiday
UK stocks dropped on Monday which will prove a quiet day for traders with US closed for a holiday and no major economic data releases.
Europe open: Stocks edge higher in quiet trade; German utilities rally
European stocks edged higher at the start of what is expected to be a fairly quiet session, with US markets closed for Columbus Day and no major data releases due.
Petards Group wins Bombardier contract
Shares in Petards Group jumped 8% early on Monday, after the advanced security and surveillance system producer revealed it won a contract worth over £1m with Bombardier Transportation.
Glaxo makes European application for antiseptic gel
GlaxoSmithKline has submitted a regulatory application to the European Medicines Agency for its antiseptic chlorhexidine gel for the prevention of umbilical cord infections in newborn babies.
Hayward Tyler Group clinches Peter Brotherhood deal
Engineering company Hayward Tyler Group has completed the acquisition of Peter Brotherhood business from Siemens-owned Dresser-Rand Company for $15m in cash.
Fastjet inches closer to flying in Kenya
Fastjet’s Kenya subsidiary has been granted an air service licence by the Kenya Civil Aviation Authority.