Market Pulse
React Group adds asbestos removal to decontamination offering
React Group, the rapid-response deep cleaning and emergency decontamination specialist, has added an extra string to its bow of asbestos removal.
JP Morgan cuts stance on global equities to neutral
JP Morgan told investors again at the start of the week not to overstay their welcome in global equities, adding that the current 'bounce' had already run most of its course.
FTSE 250 movers: Vedanta and Just Eat fall on broker notes
The FTSE 250 started the month in the red, down 68. 05 points (0. 41%) to 16,419. 67 by mid-afternoon on Monday.
Deutsche Bank cuts Vedanta Resources' target price
Vedanta Resources shares dropped after Deutsche Bank cuts its target price for the mining company from 200p to 185p on lower than expected iron ore sales and higher power costs.
US manufacturing sector continued to cool down in January, ISM says
American manufacturing activity underwhelmed again at the start of the year, according to one of the most widely-followed surveys for the sector.
North River Resources a step closer at Namib project
North River Resources was celebrating a major milestone towards production at its Namib project in Namibia on Monday, having received a Notice of Preparedness to grant the mining licence from the country's Ministry of Mines and Energy.
US corporate defaults to hit six-year high in 2016, Moody's says
The US speculative-grade default rate will likely climb to a six-year high of 4. 4% in 2016, as the drop in prices continues to pressure cash flows in commodity sectors, according to Moody’s.
China arrests 21 people over £5.3bn financial 'scam'
Police in China have arrested 21 people involved in an online financial scam suspected of defrauding 900,000 alleged investors of 50bn yuan (£5. 31bn).
US construction spending rises less than expected
US construction spending rose less than expected in December, data from the Commerce Department showed.
Conviviality posts solid interims, sees extra benefits from acquisition
Half-year results from off-licence group Conviviality showed solid underlying growth in the retail business and plenty of encouraging signs from recently acquired wholesaler Matthew Clark.
Sainsbury and Home Retail said to near agreement on price
Home Retail shares surged on Monday following a report that it was nearing an agreement with Sainsbury on the price the supermarket retailer will pay for the Argos owner.
FTSE 100 movers: Another Prudential management change leads market down
The FTSE 100 has started the month on a sour note, with the blue-chip market down 66. 82 points (1. 10%) to 6,016. 97 by mid-afternoon on Monday.
US manufacturing PMI rebounds but misses expectations
Manufacturing activity in the US rebounded slightly in January, according to data released on Monday.
Jersey Oil reduces costs, relinquishes licences
Jersey Oil and Gas was working to assure shareholders of its viability on Monday, as it reduced costs and relinquished a number of licences - though the company was positive about the farming out of one of its projects.
US open: Stocks fall after weak China data
US stocks dropped on Monday after disappointing Chinese data added to concerns about the nation’s slowing economy.
English Premier League clubs' spending caps £1bn this season
English Premier League football clubs have spent more than £1bn on transfers in a season for the first time, according to industry data.
Boots to cut up to 350 management jobs
Pharmacy chain Boots plans to cut between 300 and 350 management roles in the UK as part of its three-year growth plan.
Serabi Gold reports solid end to 2015 production
Serabi Gold was looking ahead with optimism on Monday, as it updated the market on its third quarter production at its mining operations at Palito and Sao Chico in Brazil.
Samsung set to debut new Galaxy smartphone in three weeks
Invites have been sent to Samsung’s latest ‘Unpacked’ event on February 21, where it’s expected a new Galaxy smartphone will be released.
US personal spending unchanged in December but incomes rise, data reveals
US personal spending was unchanged in December even as income rose 0. 3%, according to the Commerce Department on Monday.