Market Pulse
Article 50 lawsuit seeks parliament vote before Brexit
Several lawsuits have been filled in a single claim asking the Supreme Court to rule that the Prime Minister needs to seek approval of parliament before invoking Article 50, the two-year process to leave the European Union.
Allergan Q2 revenues up but losses widen
Botox maker Allergan reported a jump in second-quarter revenue but a wider loss on the back of discontinued operations.
FTSE 250 movers: Meggitt and Interserve soar through the session
The FTSE 250 was in the green on Monday afternoon, as some positive post-Brexit UK data kept London's markets afloat.
Steinhoff to buy Mattress Firm for $3.8bn
Shares in Mattress Firm looked set for a big bounce on Monday after the company confirmed it has agreed to be bought by South Africa’s Steinhoff International for $64. 00 per share in cash.
LoopUp aims to be one of first IPOs since Brexit vote
Conference call provider LoopUp is to go public on AIM, one of the first London flotations since the vote to leave the European Union in June.
FTSE 100 movers: Barclays buoyant while drugmakers sink
The FTSE 100 was just above the waterline in afternoon trading on Monday, with earlier post-Brexit economic data giving the index a small boost.
Quarto Group buys publishing assets of becker&mayer
The Quarto Group's wholly-owned subsidiary Quarto Publishing Group USA has bought the publishing assets of becker&mayer from US-based trade publishing company McEvoy Group.
Average salary for CEOs hits £5.5m as pay gap widens
FTSE 100 chief executives have seen their pay grow by 10% to further widen the gap between bosses and workers, according to a think-tank.
German car production boosts industrial output in June
German industrial production grew by 0. 8% month-on-month in June and 0. 9% in comparison to a year before, according to the country´s Ministry of Economics.
Walmart to buy Jet.com for $3bn
Wal-Mart Stores has entered into an agreement to buy e-commerce group Jet. com for approximately $3bn in cash.
Aureus Mining battles mechanical issues and needs further funding
Gold production at Aureus Mining has continued to be hindered by breakdowns, mechanical issues and low equipment availability at the processing plant at its New Liberty mine in Liberia and with just $4. 2m cash left at the end of the second quarter new management admitted the company "remains undercapitalised".
Amplify gobbles up posh crisp maker Tyrrells in £300m deal
UK crisp maker Tyrrells has agreed to be acquired by US-based Amplify Snack Brands in a £300m deal.
CloudTag reaches preliminary US retail agreement
Personal monitoring technology company CloudTag announced on Monday that it has signed binding heads of terms with Griffin International Companies - part of the CITIES Market Studios Group - for the sale and marketing of CloudTag products in the US and Canada.
China trade data for July misses forecasts
Chinese trade data released on Monday morning pointed to still soft economic conditions in Asia´s largest economy, although some economists were sanguine regarding the immediate outlook.
Chinese FX reserves little changed in July
China´s foreign exchange reserves were little changed in July as a higher trade surplus helped to offset a steady stream of capital outflows, reducing the need for the country´s monetary authority to sell foreign currencies to prop the value of the yuan.
President Energy reports progress in Louisiana and Argentina
Oil and gas exploration and production company President Energy updated the market on its Argentine and Louisianan operations on Monday.
Shire confirms strong product growth in first half
First-half results from Shire confirmed the drugmaker's strong performance so far in 2016, completing two acquisitions and continuing to grow its underlying business.
Risks are rising that rates will need to stay lower for longer, Fed´s Jerome Powell says
Risks were rising that the US economy might be trapped in a lower growth trajectory which would require that interest rates remain lower for longer tan previously expected, a top Federal Reserve official said.
London midday: Stocks boosted by post-Brexit data
London stocks rose on Monday, boosted by post-Brexit UK economic data.
Meggitt surges as Elliott Capital Advisors takes 5.2% stake
Meggitt surged on Monday as it emerged that activist investor Elliott Capital Advisors has taken a stake in the FTSE 250 defence and aerospace engineer.