Market Pulse
FX round-up: Sterling jumps after UK services PMI then drifts back
Sterling and the yen were the focus of trading at the start of the week, with both currencies witnessing big gains, although by the end of trading those in the former had been largely erased.
Commodities: Burst of volatility grips crude oil futures
Oil futures witnessed unusually high volatility after initial reports of a "significant" announcement between Russia and Saudi Arabia on the sidelines of the G-20 gatherings in Hangzhou, China turned out to be significantly overstated, judging by markets´ initial reaction.
Europe close: Stocks end on mixed note after short-lived surge in oil futures
European stocks finished on a mixed note on Monday, helped by strength in Oil and Gas and Basic Resources.
Japan warns of departure of companies from UK
The Prime Minister of Japan and the country's UK ambassador warned of the implications of Brexit on European economies on Monday, after the government published a 15-page long list of demands for a post-Brexit Britain.
Dods Group announces new appointments to board
Dods Group, a provider of information, events and publishing, announced the appointment of a new chief financial officer (CFO) and director with immediate effect on Monday.
London close: Stocks dip as traders digest UK services data
London stocks dipped on Monday as investors weighed the implications of positive UK services data on monetary policy.
EU citizens and UK businesses need reassurance of their status, says BCC
Theresa May needs to reassure British businesses and existing European Union workers on their residency rights, following the country’s decision to leave the trading block, an industry body said on Monday.
RedstoneConnect 'trading well' in first half
Provider of technology and services for smart buildings and commercial spaces RedstoneConnect announced on Monday that trading for the six months ended 31 July continued to be strong, with the business performing in line with expectations.
BAE Systems best-placed to benefit from increased spending in UK and US
Company-specific drivers were the reason for the European Aerospace and Defence sector´s outperformance year-to-date, but in the remainder of 2016 and in 2017 companies´ ability to 'execute' would be the deciding factor, analysts at Goldman Sachs said.
Frontier IP portfolio company receives Innovate UK grant
Intellectual property commercialisation specialist Frontier IP noted an announcement from its portfolio company Nandi Proteins Limited on Monday.
Instem acquires Notocord in EUR 4.2m deal
Provider of IT solutions to the global early development healthcare market, Instem, announced on Monday that it has acquired Notocord.
Director dealings: Breedon's Marwyn man takes some profits
Breedon Group director David Williams, who brought the company to AIM in 2008, has sold £4. 8m of shares as they trade not far off their all-time high a month after the building materials group completed a transformational acquisition.
IAG traffic up in August, but load factors nudges lower
British Airways and Iberia parent International Consolidated Airlines Group said group traffic rose in August but the load factor nudged lower.
Lloyd's of London could move some business to EU if access to single market isn't guaranteed
Revered insurance market and one of the country’s oldest institutions, Lloyd's of London, said it would move part of its business to the European Union if the UK does not maintain access to the single market after voting to leave the trading bloc.
Marks & Spencer announces plans to cut around 525 jobs
Marks & Spencer has announced proposals to cut around 525 jobs as it looks to make savings following a detailed review.
Vela Technologies improves minuscule revenue, widens loss
Vela Technologies, the investing company focused on early-stage and pre-IPO disruptive technology investments, announced its results for the year ended 31 March on Monday.
StatPro signs £1.5m deal with US asset manager
Cloud-based portfolio analysis and asset pricing services provider StatPro Group announced on Monday it has entered into a three-and-a-half-year contract with a US-headquartered “top ten global asset manager” for its Global Investment Performance Standards (GIPS) Composites service, for a minimum value of £1. 5m.
Vipera narrows first half loss as revenues rise
Vipera, a specialist provider of mobile financial services, narrowed its first half loss as revenues jumped 43%.
Results round-up
Contracts-for-difference trading platform Plus500 reported a 25% jump in first-half revenue as net profit rose amid continued growth in active and new customers.
Cambria Automobiles reports strong second half trading
Trading at Cambia Automobiles during the first 11 months of the financial year was substantially ahead last year´s tally.