Market Pulse
US close: Stocks end touch lower despite strength in energy sector
US stocks ended a touch lower on Monday as investors weighed last week’s stronger-than-expected jobs report and disappointing Chinese trade data, with weakness in the healthcare sector offset by strength in energy shares.
OPEC to hold informal talks at conference in September
The president of the oil cartel said on Monday informal talks would be held at an energy conference in September in response to plummeting oil prices.
FX round-up: Cable weakens on follow-through selling, rand stronger
Cable was slightly lower on follow-through selling in the wake of the previous session´s strong reading on the state of the US jobs market.
Commodities: Oil futures advance on speculation around informal OPEC meeting
All eyes were on the energy patch at the start of the week, after a report from the Journal indicated that the Organisation for Petroleum Exporting Countries would hold informal talks on the sidelines of an industry event in September.
Europe close: Basic resource, bank stocks lead gains
Equities pushed higher on Monday as investors shrugged off disappointing Chinese trade data amid rising expectations of an interest rate hike by the Federal Reserve this year.
New members can vote in Labour leadership race, court rules in boost to Corbyn
The High Court ruled on Monday that Labour party executives were unlawful in barring 130,000 new members from voting in the upcoming leadership contest.
CYBG exploring bid for Williams & Glyn, Sky News says
CYBG , the owner of Clydesdale Bank, hired Morgan Stanley to "help it explore a bid" for RBS´s Williams & Glyn unit, Sky News reported.
Telit Communications issues upbeat full-year guidance
Telit Communications reported a drop in profits at the half-year stage despite improved margins, as the company continued to invest in research and developments and due to setbacks in the ramp-up for some of its products in the US.
Aggregated Micro Power completes one acquisition, progresses another
Wood fuels and distributed energy projects company Aggregated Micro Power Holdings announced on Monday that, further to its previous announcement on 4 August 2016, it has completed the acquisition of the entire issued share capital of Midlands Wood Fuel Limited.
Haydale funds new professional chair in Swansea
Graphene and nanomaterials commercialisation company Haydale Graphene Industries announced on Monday that its wholly-owned subsidiary Haydale Limited has funded a new professorial chair appointment within Swansea University's Welsh Centre for Printing and Coating.
Trump to push for trade tariffs, protectionist measures
Donald Trump was set to deliver a speech promoting trade protectionism following his recent setbacks in the polls, the Financial Times reported.
Ideagen buys Ocalent Software
Ideagen, a supplier of information management software, on Monday announced the acquisition of Ocalent Software for a net cash consideration of £3. 5m.
Circle Oil reduces Morocco production after 'earth movement'
International oil and gas exploration, development and production company Circle Oil announced a temporary reduction in gas production rates in Morocco on Monday.
Director dealings: Banszky sells down Law Debenture stake
Caroline Banszky, managing director of the Law Debenture Corporation has sold almost £343,000 worth of shares in the investment trust and independent fiduciary services provider.
Glenwick's losses narrows as cash shell plumps up board
Investment company Glenwick’s losses narrowed for the first six months of the year while it restructured its board.
XLMedia subsidiary granted Facebook Marketing Partner status
Digital performance marketing services company XLMedia announced on Monday that wholly-owned subsidiary EDM - trading under the brand name DAUUP - has been granted official status as a “Facebook Marketing Partner”, with specialties in advertising technology and gaming.
Lok'nStore's revenues grow due to store expansion
Storage company Lok’nStore’s revenues increased due to store expansion.
Riverstone Energy makes USD123m gain on US oil and gas investment
Riverstone Energy (REL) will make a $123m gain on the sale of a US oil and gas asset, more than doubling its initial investment.
EverBank agrees to all-cash bid from TIAA
EverBank accepted an all-cash take-over offer from not-for-profit pensions group TIAA.
US open: Stocks mixed as investors weigh data
US stocks were mixed on Monday as investors continued to weigh a stronger-than-expected jobs report and weaker-than-forecast Chinese trade data.