Market Pulse
Sector movers: Retailers drop ahead of July CPI data
Price action at the start of the week saw both cyclical and defensive 'plays' battle it out for market leadership, with Ibstock and NMC Health pacing gains among Health Care and Construction-related issues, respectively, while retailers dropped ahead of (post-Brexit) CPI figures due out the next day.
US close: Stocks surge as oil prices soar
US stocks gained on Monday as oil prices edged higher and investors shrugged off weaker-than-expected manufacturing data.
Europe close: Shares end on a mixed note amid holiday-thinned trading volumes
European stocks ended on a mixed note on Monday, amid low volumes, with many traders in Europe away from their desks for the Assumption Day holiday.
London close: Stocks finish higher, cable slides
London stocks finished in the green on Monday as oil prices jumped on hopes OPEC will stabilise the market at a meeting in September.
Driver Group appoints new CFO
Driver Group has appointed Charles Laurence Cawley as its new group finance director.
Ithaca Energy reports better than expected average production at half-year stage
Ithaca Energy reported a sharp increase in cash flows and reduction in net debt at the half-year stage ahead of the start of production at its Stella field, which management forecast would lead to a step-change in production and hence cash flows.
Sunrise Resources reports positive progress at Pozz Ash project
Sunrise Resources on Monday reported “positive progress” at its Pozz Ash project in Nevada.
Euromoney buys FastMarkets
Euromoney Institutional Investor has signed a binding contract to buy real-time metals market information provider FastMarkets.
Director dealings: Pennant CEO sells two thirds alongside placing
Pennant International chief executive Chris Snook has sold more than two thirds of his stake in the company alongside the support service company's £3. 56m fundraising.
US open: Stocks rise as oil prices gain
US stocks gained on Monday as oil prices edged higher and investors shrugged off weaker-than-expected manufacturing data.
Ocean Wilsons profit rises in face of forex challenges
Ocean Wilsons Holdings provided its interim management statement for the six months to 30 June on Monday, with profit before tax up 43% to $57. 1m, from $39. 9m a year ago.
Rosneft Q2 profit slides but beats estimates
Rosneft posted a drop in second-quarter net profit on Monday amid weaker oil prices, but the figures were still ahead of analysts’ expectations.
Edenville sees opportunity in Tanzania coal import ban
Tanzania-focused coal-to-power project developer Edenville Energy updated the market on the latest developments with regard to the project on Monday.
NAHB housing market index ticks up as expected
Sentiment among US housebuilders improved a touch as expected in August.
AFC Energy unveils new brand identity
Industrial fuel cell power company AFC Energy announced on Monday that it has launched a new brand identity.
Nostra Terra clarifies position on TransGlobe dispute
Nostra Terra noted an announcement made by Independent Resources on Monday morning, concerning the company's joint venture vehicle Independent Resources Egypt (IRE).
FTSE 250 movers: Housebuilders collapse while eOne soars
The FTSE 250 was just above the waterline during Monday afternoon trading, as oil prices gained and investors sifted through corporate news.
Aura Energy seeks dual listing in London
Aura Energy was seeking to list on London’s junior market, with admission expected in the third quarter of 2016.
Leed Resources expects to complete deal but too late to save AIM listing
Shell company Leed Resources said its shares will be cancelled from AIM trading on Tuesday but it still hoping to complete a reverse takeover of High Mannor, a Western Australian maker of limestone retaining walls.
FTSE 100 movers: Oil companies float higher while miners slip
The FTSE 100 was in the green in afternoon trading on Monday, as oil prices gained and investors sifted through corporate news and Japanese economic growth data.