Market Pulse
Empiric Student buys new Bath property, agrees new facility
Student accommodation owner and operator Empiric Student Property announced on Monday that it has acquired the freehold of a 31-bed student accommodation property in Bath for £2. 6m excluding costs.
London midday: M&A activity boosts equities
London stocks gained on Monday, driven by merger and acquisition activity as ARM Holdings agreed to a £23. 4bn takeover offer from Japan's Softbank.
US pre-open: Stocks seen touch higher ahead of key earnings
US futures pointed to a slightly firmer open on Wall Street as investors mulled over a failed military coup in Turkey and ahead of some key earnings reports.
Transense Technology wins General Electric sensor deal
Transense Technology has signed a licensing agreement for its Surface Acoustic Wave (SAW) sensor with General Electric, with the US colossus agreeing to pay an upfront fee plus a perpetual royalty on the sale of each unit that uses the technology.
Asia report: Most markets up on Marine Day
Asian markets ended mostly higher on Monday, as traders brushed off the failed military coup in Turkey and ahead of a light week for data in the region.
Randall & Quilter swallos APIC for $1.4m
Randall & Quilter Investment Holdings announced on Monday that it has acquired Agency Program Insurance Company from its diverse base of predominantly individual shareholders.
BoE needs more evidence before rate cut, says Weale
Bank of England policymaker Martin Weale said on Monday the central bank needs more information on the impact of the UK’s vote to leave the European Union before cutting interest rates.
Earthport inks deal with Bank of the Bahamas
Earthport has partnered with Bank of The Bahamas to provide local payment capability into the Bahamas.
Opera Software agrees partial sale after Chinese takeover misses deadline
Opera Software has agreed to sell its internet browser division after failing to win regulatory approval for a full takeover by a Chinese consortium.
Lowcosttravelgroup collapse disrupts 140,000 travellers
Brexit claimed its first scalp in the travel industry at the weekend, with Lowcosttravelgroup ceasing all trading, disrupting the plans of more than 100,000 holidaymakers.
Range Resources starts drilling MD 251 development well
Range Resources has started drilling the MD 251 development well in Trinidad.
UBS downgrades European banks on Brexit
UBS downgraded its position on European banks to ‘underweight’ from ‘neutral’ following the UK’s vote to leave the European Union and upgraded emerging market banks to ‘neutral’ from ‘underweight’ with an ‘overweight’ position in the US.
Credit Suisse downgrades Glencore to 'neutral'
Credit Suisse downgraded Glencore to ‘neutral’ from ‘outperform’ and lifted the price target to 200p from 160p.
Europe open: Stocks rise as ARM surges on deal news
European stocks rose in early trade, with sentiment underpinned by M&A activity as investors digested news of a failed military coup in Turkey.
House prices drop 1% but FOMO driving activity outside London
UK house prices fell in recent weeks as worries around the Brexit vote took the wind out of the property market even more than the usual summer slowdown, though fear of missing out on a deal continues to drive demand outside the capital.
London open: Stocks rise as Turkish military coup fails
London stocks rose on Monday as investors breathed a sigh of relief that the Turkish government has taken back control following an attempted military coup.
Retail footfall drops at worse rate in two years, BRC-Springboard finds
The number of shoppers at UK retailers in June dropped by sharpest rate in more than two years, as high street stores, shopping centres and retail parks all endured a difficult month.
Hansteen buys 66.7% of Ashtenne Industrial Fund
Property investment company Hansteen Holdings has bought 66. 7% of the share capital of Ashtenne Industrial Fund (General Partner) from Norwich Union for £120,000 in cash.
AstraZeneca celebrates success in latest Tagrisso trial
AstraZeneca announced on Monday that the Phase III AURA3 trial has met its primary endpoint, demonstrating superior progression-free survival (PFS) compared to standard platinum-based doublet chemotherapy.
London pre-open: Stocks seen higher as Turkish coup fails
London stocks were expected to open higher on Monday as investors breathe a sigh of relief that the Turkish government has taken back control following an attempted military coup.