Market Pulse
Styles & Wood shares plunge as company swings to small profit
Integrated property services and project delivery company Styles & Wood Group posted its interim results for the six months to 30 June on Monday, with revenue rising 2% year-on-year to £47. 1m and gross margin improving to 9. 9% from 8. 4%.
Instem shares up as revenue rises and earnings fall
Healthcare IT solutions company Instem announced its unaudited half year results for the six months to 30 June on Monday, with revenues increasing 21% to £9. 1m and recurring revenues rising 6% to £5. 3m.
US pre-open: Stocks seen higher as oil prices gain
US futures pointed to a firmer open on Wall Street on Monday as oil prices advanced.
Gateley makes second acquisition and swallows Hamer Associates
National full-service commercial law firm Gateley Holdings announce the acquisition of UK surveyors Hamer Associates on Monday.
Chinese housing market boom accelerates in August
China's efforts to cool its housing market are failing to have much effect, with a 33% annual rise in the value of new home sales in August.
Terra Capital NAV improves as profit soars
Value opportunities investor Terra Capital posted its interim results for the six months to 30 June on Monday, with a net asset value of $0. 939, against $0. 925 at the end of 2015.
Finsbury Food Group shares up on impressive results
Speciality bakery manufacturer Finsbury Food Group announced its preliminary results for the year to 2 July on Monday, with group revenue up 24. 8% to £319. 7m, 52 week revenue up 22. 4% to £313. 5m up 22. 4%, or up 5. 0% on a like for like basis.
Lyft predicts self-driving cars to power business in five years
Ride-sharing firm Lyft has predicted that most of its cars will be driverless within the next five years, as the race to get ahead in the autonomous driving competition heats up.
Investec upgrades RBS to 'hold' from 'sell'
Investec upgraded Royal Bank of Scotland to ‘hold’ from ‘sell’.
Asia report: Most markets rise while Sydney stumbles on glitch
Markets in Asia ended mostly higher on Monday, though a technical glitch halted trading on the Australian bourse which, combined with a public holiday closing Japan’s floors, made for a quieter day in the region.
Economic consequences of Trump presidency huge, Stiglitz says
Nobel laureate economist Joseph Stiglitz has warned that the United States economy could be hit if Donald Trump becomes the next president of the country.
Watchstone sees 'no grounds' for Slater & Gordon legal claim
Watchstone Group said it will "robustly" contest a claim brought against it by Slater & Gordon (SGH) over the purchase of its professional services business last year from what was then known as Quindell.
Real Good Food expands cake decorating business into US
Real Good Food announced its expansion in the US on Monday through the creation of new subsidiary Renshaw Americas.
WH Ireland confirms Kuwaiti investors looking to buy stake
WH Ireland confirmed on Monday that Kuwaiti European Holdings Group (KEH) is looking to acquire a shareholding in the company.
Interserve extends contract with Environment Agency
Support services and construction company Interserve won a two-year extension to its contract with the Environment Agency, worth an extra £11m.
High street enjoys best of August footfall rebound, BRC Springboard finds
Numbers of shoppers visiting UK retailers bounced back in August after falling the previous month, with high street shops enjoying the best growth, a report revealed on Monday.
Europe open: Stocks rise as oil prices lend support
European stocks rose in early trade, bouncing back from losses last week as oil prices provided a boost and investors looked ahead to central bank meetings.
Polymetal's Viksha platinum mine 'technically and financially viable'
Precious metals miner Polymetal International said its Viksha platinum mine is “both technically and financially viable” after a mineral resource estimate.
Weir boosted by JPMorgan upgrade
Engineer Weir got a boost on Monday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘underweight’ and lifted the price target to 1,775p from 1,220p, highlighting 18% upside to the revised price target.
Morgan Stanley ups Sky to 'overweight', says it's oversold
Morgan Stanley upgraded Sky to ‘overweight’ from ‘equalweight’ but cut the price target to 1,000p from 1,025p saying the stock was oversold.