Market Pulse
London open: FTSE flat ahead of busy reporting week
London stocks began the week in rather indecisive fashion as investors mull meetings this week from the Federal Reserve and the Bank of Japan and eye a busy week of corporate earnings reports.
Cranswick Q1 sales up, sells sandwich business
FTSE 250 food producer Cranswick said it has made a positive start to the year, with first-quarter revenue ahead of 2015, as it announced the sale of its sandwich business to Greencore.
Hiscox earnings soar thanks to currency gains and robust retail
Insurer Hiscox increased gross written premiums and enjoyed surging profits and earnings thanks to sizeable currency gains.
HICL invests £29m in quarter, remains cautious after referendum
Infrastructure investment firm HICL Infrastructure Company issued its quarterly update statement on Monday, for the period from 1 April to 24 July.
Issues at Tongon force Randgold to downgrade targets
Randgold Resources announced on Monday that its Tongon mine in Cote d’Ivoire has completed the final phase of its crusher expansion and mill circuit upgrade project, though recent issues had forced it to downgrade production targets.
Aberdeen posts rise in assets under management
FTSE 250 fund manager Aberdeen Asset Management reported a rise in third-quarter assets under management on Monday.
Greencore acquires The Sandwich Factory from Cranswick
Greencore has acquired The Sandwich factory from Cranswick for up to £15m, which will be funded from existing debt facilities.
Hammerson rental income up while profit halves
Hammerson posted its half-year report for the six months to 30 June on Monday, with net rental income improving 5. 1% to £167. 7m during the period, or 2. 1% on a like-for-like basis.
London pre-open: Stocks seen flat as investors eye central bank meetings
London stocks were expected to open flat on Monday as investors eye meetings this week from the Federal Reserve and the Bank of Japan.
Newspaper round-up: Brexit blueprint, G20, BHS, oil surplus
The Government will aim to outline a Brexit blueprint "later this year", according to the Chancellor, in a move that he said would send a "reassuring signal" to businesses and markets. Global finance chiefs warned on Sunday that the UK's decision to leave the EU had raised the risks facing a world already in danger of slipping into a low growth trap. - Telegraph.