Market Pulse
Mid-America Apartment to acquire rival for $4bn
Mid-America Apartment Communities announced the acquisition of rival Post Properties in all-cash tax-deferred deal.
Boxhill Technologies reports "encouraging" first half
Boxhill Technologies said on Monday that its first-half sales are in line with the company’s expectations following the acquisition of Emexpay and Freepaymaster.
New York business conditions unexpectedly deterioate in August
Business conditions in the New York region unexpectedly deteriorated in August, according to a survey from the New York Fed.
Genus sell-off overdone as patent trial was 'success', say analysts
After a US court decided against Genus over a dispute over 'sorted semen' technology, analysts at house broker Peel Hunt and independent VSA Capital said the ruling was a "positive outcome" and that the sell-off in the shares was an overreaction.
Thor Mining drilling in bid to extend life of Molyhil
Thor Mining announced a new drill campaign on Monday, which its board said is designed to confirm the close proximity of additional tungsten mineralisation within a six kilometre radius of the company's existing Molyhil tungsten deposit in the Northern Territory of Australia.
Metal Tiger posts promising copper data from Kalahari
Strategic natural resource opportunities investor Metal Tiger updated the market on Monday, over the regional exploration results at its joint venture project with MOD Resources in Botswana’s Kalahari Copper Belt.
Genus damages over US patent infringement case lower than feared
After losing its long-running US court case last week, Genus has been ordered to pay its opponents $2m upfront in damages plus an ongoing royalty for two patents its Genus Sexed Semen (GSS) processing technology was ruled to have infringed.
RBS would move HQ out of Scotland in event of independence
The Royal Bank of Scotland would move its registered office out of Scotland if the country were to vote in favour of independence.
Ten Alps liquidises London publishing business
Ten Alps has called time on its London publishing business but said the rest of its businesses remain unaffected and are trading profitably.
Europe midday: Stocks edge higher in quiet trade
European stocks edged higher amid low volumes on Monday, with many traders in Europe away from their desks for the Assumption Day holiday.
Credit Suisse hikes target price on G4S
Credit Suisse hiked its target price for G4S shares as the company de-leveraged, thus reducing the risks surrounding its balance sheet.
Canaccord Genuity cuts Regus target price on uncertainty in UK
Analysts at Canaccord Genuity cut their target price on Regus's shares to reflect part of the risk arising from their worst case scenario for the UK market.
ServicePower Tech pens three new partnerships
Workforce management software company ServicePower Technologies announced on Monday that it has partnered with Bolt Data, Apptituda and Westbrook.
Greatland Gold finds massive sulphide mineralisation at Bromus
Precious and base metals exploration and development company Greatland Gold announced on Monday that massive sulphide mineralisation has been intersected in drilling at the Bromus Project in Western Australia.
US pre-open: Stocks seen touch higher ahead of manufacturing data
US futures pointed to a marginally higher open on Wall Street ahead of reports on manufacturing and the housing market.
Lookers agrees acquisition of Midlands dealerships to deploy parts cash
Car dealership chain Lookers has added to its strength in luxury cars in the Midlands with the conditional £55. 4m cash acquisition of Drayton Group.
Japanese GDP growth stalls unexpectedly in second quarter
Japan’s economy flat-lined over the three months to June as exports and private investment fell.
Asia report: Japan markets trip up on poor GDP data
Most markets in Asia finished the first day of the week in the green on Monday, though shares in Japan fell after fresh data revealed the economy did not grow in the quarter through June.
Clarkson fights to remain buoyant in face of shipping slump
Battling low global shipping rates, Clarkson delivered a stable first-half performance that helped its shares return to their level from before the profit warning last month.
William Hill rejects improved offer from Rank and 888
William Hill rejected an improved cash-and-shares offer from Rank Group and 888 Holdings made over the weekend and continued to turn its nose up at the prospect of talks.