Market Pulse
Markit's US manufacturing PMI ticks up in July
Markit’s final US manufacturing purchasing managers’ index rose to 52. 9 in July from 51. 3 the month before, in line with the flash reading.
DJI placing shares admitted to trading
Online bookings, mobile payments and lottery sales technology provider DJI Holdings announced on Monday that, further to the announcement it made on 19 July, admission of the placing shares commenced at 0800 BST.
Loews posts unexpected loss on asset writedowns on eight rigs
Loews missed analyst estimates for its second quarter earnings as the conglomerate´s contract driller company Diamond Offshore booked impairment charges on the value of eight rigs.
Verizon to clinch deal to acquire Fleetmatics for $2.4bn
US telecommunications giant Verizon is spreading its wings once again as it plans to acquire Dublin-based telematics company Fleetmatics in a deal believed to be valued at around $2. 4bn.
Lonmin shares slide on production update
Platinum producer Lonmin announced its production results for the quarter ended 30 June on Monday, and provided a business update.
Avacta revenue in line with forecasts, but losses mount
Life sciences company Avacta said on Monday that revenue for the year to the end of July grew by around 19% but losses nearly doubled due to a change in accounting policy.
Northbridge sees no upturn from oil clients in second half
Northbridge Industrial Services admitted trading conditions in its client markets had “worsened slightly” during the second quarter but that the recent collapse of sterling would enable a sizeable reduction in its debts.
Shire gains US approval for Baxalta's improved Baxject haemophilia system
Shire has received US regulatory approval for an improved haemophilia-A treatment developed by recently acquired Baxalta.
Business lending to fall in light of Brexit
Business lending is expected to fall as customer credit and mortgage demand weakens due to people being put off making big purchases in light of Brexit.
Real Good Food swings to FY profit but revenues drop
Diversified food business Real Good Food swung to a full-year profit thanks to the sale of its sugar division Napier Brown, but revenue dropped sharply.
OPG Power revenue and earnings ahead as chairman steps down
Developer and operator of power generation assets in India, OPG Power Ventures, announced its preliminary results for the year ended 31 March on Monday.
Deutsche Bank sees scope for ABF to increase dividend payout ratio
Deutsche Bank bumped up its recommendation and target price on shares of Associated British Foods.
Tesla and Solar City announce intention to merge
Tesla and Solar City announced their decision to merge in an all-cash deal worth approximately $2. 6bn.
Japan's Panasonic locks in on GHD hair straighteners
Japanese giant Panasonic has reportedly expressed an interest in buying UK hair straightener maker GHD, which is being sold off by its private equity owner Lion Capital.
O'Neill baffled by Hinkley Point delay as China questions UK's post-Brexit openess
Treasury minister Jim O’Neill threatened to quit over Theresa May’s handling of China’s involvement in the Hinkley Point nuclear power plant project, as China’s news agency questioned whether Britain was truly open for business post-Brexit.
BMR set to agree larger facility for Kabwe plant
Zambia-focused mineral processing business BMR Group said it expects to agree a $3. 5m loan facility alongside a sale-and-purchase deal with a private South African firm later this week.
Keller Group earnings down as Asian market remains depressed
Geotechnical contractor Keller Group posted its results for the six months to 30 June on Monday, with record first half revenue of £850m, up 12%, but guided markets towards the lower end of the Board´s range of expectations.
David Robinson jumps to Conviviality from Argos
Independent alcohol wholesaler Conviviality announced on Monday the appointment of David Robinson to the board as managing director of Conviviality Retail with immediate effect.
Europe midday: Stocks turn lower as banks slide
European stocks reversed earlier gains to trade lower on Monday, with banks under the cosh as investors digested the results of the latest stress tests.
Royal Dutch Shell needs growth delivery, higher oil, Citi says
Analysts at Citi sounded a cautious note on the outlook for Royal Dutch Shell´s performance in the short-term.