Market Pulse
Valeant Pharma names new finance chief
Valeant Pharmaceuticals changed finance chiefs as it sought to distance itself from accusations of price-gouging and dodgy accounting practices that saw its share price drop by more than 90% over the course of just above one year.
Wireless Group profits punctured by ad slowdown, News Corp takeover nears
TalkSport owner Wireless Group, which is awaiting regulatory clearance for its acquisition by Rupert Murdoch's News Corp, saw an advertising slowdown in recent months hit first-half profits.
AerCap interest in an Easyjet take-over highly debatable, Credit Suisse says
AerCap's interest in participating in a take-over of EasyJet was "highly debatable", analysts at Credit Suisse said.
Yujin International leaves AIM for ISDX due to Healthperm Resourcing acquisition
Ship owner Yujin International is to cancel admission of its shares to AIM and trade on the ICAP securities and derivative exchange (ISDX) growth market instead, following the acquisition of Healthperm Resourcing.
Tuesday preview: Persimmon to report strong first half results
Persimmon is expected to shrug off Brexit uncertainty with a jump in profits in its first half results, due on Tuesday.
Medivation surges on Pfizer deal
Medivation shares surged in pre-market trade after the biopharmaceutical firm agreed to be bought by Pfizer Inc for $81. 50 a share in cash, or a total enterprise value of about $14bn.
DJI Holdings says Xinhuatong partnership running 'ahead of schedule'
DJI Holdings, a provider of online bookings, mobile payments and lottery sales in China, said on Monday the Xinhuatong partnership is running ahead of schedule.
Image Scan Holdings to break even due to large x-ray order
X-ray screening system supplier Image Scan Holdings is due to approach financial break-even when it reports its yearly results in September due to a large order for its portable x-ray system.
Commodities: Oil price rally set to fade, Maquarie says
Energy futures managed a higher close despite data showing that US oil firms brought another 10 rigs into operation in the latest week.
Europe midday: Stocks waver in quiet trade as investors eye Yellen speech
European stocks wavered on Monday as investors eyed the US Federal Reserve’s Jackson Hole meeting later in the week in the hope that it might provide further clues on the timing of an interest rate hike.
Nektan sells three gaming brands to Buckingham
AIM-listed mobile gaming provider Nektan has agreed to sell three of its wholly-owned gaming brands to Buckingham for an initial £1. 75m in cash, with a further £200,000 expected to follow shortly.
Ballot papers sent out for Labour leadership contest as Dugdale, Khan back Smith
After court cases, rallies and shadow cabinet resignations, ballot papers for the Labour leadership contest were sent out on Monday, as Scottish leader Kezia Dugdale followed London mayor Sadiq Khan in declaring her support for challenger Owen Smith.
Tracsis's revenues rise, boosted by acquisitions
Tracsis increased revenue for the full-year after two acquisitions and investments, announcing its 'core' operations had traded in line with expectations.
Broker tips: William Hill, Bodycote, KAZ Minerals
Barclays reinstated coverage of William Hill at ‘overweight’, raising the price target by 3% to 340p.
BoJ Governor keeps door open to further stimulus, if needed
Japanese central bankers kept the door open to further policy easing, if needed, when they met in September.
US pre-open: Stocks seen flat as investors eye Yellen speech
US futures pointed to a broadly flat open on Wall Street with little in the way of fresh corporate or economic news to drive sentiment as investors looked ahead to Federal Reserve Chair Janet Yellen’s speech at Jackson Hole on Friday.
Asia: Stocks mostly higher as investors await Yellen speech
Asia stocks were mostly higher on Monday as investors awaited remarks from Federal Reserve chair Janet Yellen at the central bank’s annual conference this week.
Bioventix profits will beat forecasts, boost eyed from Siemens link
Bioventix revealed that revenues and profits will be ahead of expectations for the full year thanks to currency effects and continued demand for its monoclonal antibodies.
MayAir unaware of reason for share price surge
AIM-listed air purifier manufacturer MayAir noted the surge in its share price on Monday and said it was not aware of any reason for the move.
Idox buys full-service digital agency Rippleffect for £2m
Idox has acquired full-service digital agency Rippleffect for £2m.