Market Pulse
Demand for energy will peak in next 14 years, World Energy Council says
Worldwide energy demand for transport fuel, heating and electricity will peak before 2030, according to a major study by academics, energy companies and the public sector, though positive scenarios are seen for oil and solar and wind energy.
Petards wins £6m contract for GWR surveillance systems
Advanced security and surveillance system software company Petards announced on Monday that it has been awarded a contract to supply Great Western Railway - part of FirstGroup - with Petards eyeTrain systems.
JZ Capital Partners realises two investments for $11.5m
US and European micro-cap and real estate investing company JZ Capital Partners announced on Monday that it has realised two of its investments - Southern Petroleum Laboratories and Metpar - for a combined $11. 5 million.
Europe open: Stocks drift lower as Deutsche Bank declines
European stocks drifted lower in early trade amid weaker oil prices and as Deutsche Bank shares declined.
EasyJet flies lower again as SocGen downgrades, slashes price target
EasyJet flew lower again on Monday as Societe Generale downgraded the stock to ‘sell’ from ‘hold’ and slashed the price target to 820p from 1,150p following the airline’s profit warning last week, pointing to a double whammy of a soft demand environment and FX headwinds.
London open: Stocks little changed; William Hill rallies on merger talks
Stocks in London were little changed in early trade, struggling for direction amid a lack of fresh catalysts, although deal news helped to keep things interesting.
UK growth slows as Brexit worries hinder investment, BCC finds
Growth in the UK services sector slowed in the third quarter but the manufacturing sector improved, according to a survey published on Monday, although more businesses in both sector cut their expectations for hiring and investment.
Randgold's offices shut down by Mali government over tax row
Mining giant Randgold Resources said it was “disappointed” that the government of Mali shut down the company’s offices in the capital, Bamako, on Sunday in a long running dispute over taxes.
Interserve to keep equipment services business
Support services and construction group Interserve has decided to keep its equipment services business RMDK following a strategic review kicked off in February.
Unite Group enjoys valuation uplift in third quarter
Student halls property developer Unite Group said its two main funds had increased their value in the third quarter, driven by rental growth as valuation yields remained stable.
Vedanta makes solid production improvements in first half
Vedanta Resources posted its production results for the second quarter and half-year to 30 September on Monday, with some solid improvements in its oil and gas division.
Mitie appoints Phil Bentley as CEO
FTSE 250 outsourcer Mitie said on Monday that chief executive officer Ruby McGregor-Smith will down on 12 December and be succeeded by Phil Bentley.
Ultra Electronics wins $35m contract with US Navy
Ultra Electronics announced on Monday that it has been awarded a $34. 6m cost-plus-fixed-fee contract by the US Department of the Navy to continue providing cyber-secure critical infrastructure solutions.
London pre-open: Stocks to open in the black
Stocks in London were set for a firmer open on Monday as investors in Europe get their first chance to react to the US presidential debate over the weekend.
Monday newspaper round-up: BCC, foreign investment, William Hill, Gemfields
In a role reversal for the British economy, manufacturers have enjoyed a sales boost since the EU referendum, but the dominant services sector is showing signs of faltering, according to one of the first big economic surveys since the Brexit vote. The British Chambers of Commerce (BCC) said that a mixed picture emerged after it took responses from more than 7,000 companies between August and September, in the largest private sector business survey in Britain. - The Times.