Market Pulse
Hammerson sells Monument Mall in Newcastle
Hammerson has agreed to sell Newcastle-upon-Tyne’s Monument Mall to the Standard Life Investments UK Property Fund for £75m.
Wood Group acquires US-based Kelchner
Wood Group has acquired Kelchner Inc, a privately-owned US-based provider of construction and energy field services.
Monday newspaper round-up: Rolls-Royce, shoppers, steel, minimum wage
Warren East, Rolls-Royce’s chief executive, has flagged new risks to the performance of the aerospace group’s diesel engine business — the only division to have so far escaped a downgrade in the past five profit warnings. Speaking in an interview with the Financial Times, Mr East voiced “disquiet” about trading conditions in the unit that supplies power systems for the mining and offshore oil industries. – Financial Times.
London pre-open: Stocks seen lower at start of quiet week
London stocks are set to open lower following losses in the US on Friday and as investors continue to keep an eye on weak oil prices.
Hammerson sells Newcastle Mall
London’s FTSE 100 is seen starting 31 points lower than Friday’s close at 6021.