Market Pulse
Wetherspoon shares down after chain cancels Christmas dinner
Shares in pub chain JD Wetherspoon were down on Monday morning, after the company announced it was bringing the axe down on the traditional Christmas dinner.
Gemfields' profits soar as production growth continues
AIM listed coloured gem stone miner Gemfields’ full year revenues and profits rose as it increased production at its Zambia and Mozambique emerald and ruby mines.
Deutsche Bank drops on rumours over government back-stop
Deutsche Bank was under the cosh on Monday following reports suggesting that Angela Merkel had ruled out state aid for the lender, despite denials by the company and government.
MJ Gleeson hikes dividend 45% as profit surges
Housebuilder MJ Gleeson hiked its full-year dividend by 45% as profit and revenue in the year to the end of June grew.
Condor Gold 'making good progress' at La India project
AIM listed miner Condor Gold said it was “making good progress” de-risking its Nicaraguan mine as it secured an environmental test for its processing plant during the first half of the year.
Verona Pharma appoints sector veteran Morgan as CFO
AIM listed drug development company Verona Pharma appointed sector veteran Piers John Morgan as chief financial officer on Monday, as the company prepares for clinical trials for its flagship drug.
Goldman Sachs to lay off 30% of Asian investment bankers
US investment bank Goldman Sachs is planning to lay off as much as 30% of its dealmakers in Asia amid falling profits in the region.
Asia report: Markets mostly lower ahead of US debate
Markets in Asia ended lower on Monday, as investors turned their attention towards the first presidential debate in the run-up to the US elections, and an informal meeting of producing members of the OPEC oil cartel.
UK mortgage approvals fall for third month in a row - BBA
Numbers of mortgages loans approved in the UK dropped off for the third consecutive month in August, according to data from the banking industry published on Monday.
Greatland Gold to buy Havieron Project in western Australia
Precious and base metals exploration and development company Greatland Gold has agreed to buy the Havieron Gold Project in western Australia from Pacific Trends Resources for an initial payment of AUD25,000 and the issuance of 65. 5m shares.
CityFibre swallows Redcentric network, reports stellar first half
Fibre optic infrastructure designer, builder, owner, and operator CityFibre announced the acquisition of the entire metropolitan local access duct and fibre network assets of Redcentric on Monday.
CSF Group looking to delist from AIM
CSF Group said on Monday that it is seeking shareholder approval to cancel the trading of its shares on AIM amid 'negligible’ trading volumes.
Three quarters of UK companies mulling moving out of UK, survey says
More than 75% of British business leaders have said they are pondering moving their businesses overseas because of the EU referendum, a survey has found.
German business confidence hits highest level since May 2014
German business confidence rose to its highest level since May 2014 in September, according to a widely-followed survey.
Business confidence falls to lowest level since financial crisis, survey reveals
Confidence in Britain's financial services sector has fallen to the lowest level since the financial crisis in 2009, according to a survey on Monday.
Aldi posts record UK sales, pledges £300m investment
Aldi promised on Monday to invest £300m in its British stores, as it rides the wave of its record £7. 7bn sales in 2015 - a 12% increase.
InterContinental Hotels slides on Morgan Stanley downgrade
Morgan Stanley downgraded InterContinental Hotels Group (IHG) to 'underweight' on Monday after the shares' recent outperformance and on concerns that the US hotel cycle is peaking.
Lanxess to buy Chemtura in $2.7bn deal
German specialty chemicals group Lanxess rallied after announcing the acquisition of Philadelphia-based peer Chemtura in a $2. 7bn deal.
Europe open: Stocks on the back foot; Deutsche slumps
European stocks fell in early trade, taking their cue from a negative session in Asia as investors eyed this week’s OPEC meeting in Algeria and a debate later in the day between Hillary Clinton and Donald Trump.
Icap operations chief decides not to join Tullett Prebon
Veteran Icap operations director Ken Pigaga has had second thoughts about moving to Tullett Prebon along with his voice broking colleagues as part of the impending acquisition.