Market Pulse
FTSE 250 movers: Just Eat benefits over rivals loss while Tullow oil slips
FTSE 250 index fell by 0. 57% to close at 17,544. 24.
US close: Stocks fall on election uncertainty, slide in oil prices
US stocks finished slightly lower on Monday as strong personal spending data was offset by a drop in oil prices and uncertainty ahead of the presidential elections.
FreeAgent to apply for AIM listing
FreeAgent, a provider of cloud-based Software-as-a-Service (SaaS) accounting software solutions and mobile applications, announced its intention to apply for the admission of its share capital to trading on AIM and to conduct a placing of new ordinary shares with institutional investors.
FX roundup: Sterling on the front foot despite falling against a revitalised rand
Sterling turned in an overall positive performance on most major crosses as a slew of UK economic data helped to partially offset the currency's chronic Brexit-inspired depreciation.
Europe close: Oil price drop hits shares ahead Fed, ECB meetings
European stocks retreated on Monday as crude oil futures fell and markets digested the possible implications of the US Federal Bureau of Investigation´s decision to reopen a probe into US presidential candidate Hillary Clinton, with a surprise drop in German retail sales figures also weighing on sentiment.
Director dealings: ECO chairman's egg-cellent profit
Eco Animal Health chairman Peter Lawrence hatched a tidy £700,000 gain after selling a small batch of shares in the animal pharmaceutical specialist after news of its chicken treatment sent investors cock-a-hoop two weeks ago.
FTSE 100 movers: Shire and Next sold off ahead of results
The FTSE 100 was traipsing lower on Monday afternoon, led down by an assortment of companies across sectors, notably those that are due to report in the coming few days.
Broker tips: IAG, Morgan Advanced Materials, Robert Walters
Credit Suisse reiterated its 'outperform' stance on shares of IAG Group, pointing to the carrier´s upcoming Capital Markets Day as a potential catalyst for confidence in the firm and its self-help measures.
UBS hikes target for Morgan Advanced Materials but stays at neutral
Analysts at UBS lifted their target price on shares of Morgan Advanced Materials from 245p to 285p, but stuck to their 'neutral' recommendation on what they described as a serially underperforming engineer.
US open: Stocks rally as consumer spending rises more-than-expected
US stocks rallied as data revealed a rise in consumer spending, which bolstered expectations of a December rate hike by the Federal Reserve, while the market largely shrugging off the FBI’s second probe into Hillary Clinton’s emails.
Results round-up
Centamin said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and 540,000 ounces as it reported a 41% increase in third quarter output.
Commodities: Crude sours below $50 a barrel amid output worries
Crude-oil futures were continuing to sour below $50 a barrel on Monday afternoon as traders remained rattled by non-Opec producers and their inability to agree an output cap over the weekend.
Chicago PMI falls below expectations in October
Manufacturing activity in the Great Lakes area got off to a weak start in the fourth quarter, the results of a widely-followed survey showed.
Tesco faces £100m damages claim over profit overstatement
Tesco will face a damages claim for more than £100m filed by 125 institutional funds over the grocer's over-statement of profits and alleged misleading statements to the stock market.
Artilium's subsidiary to provide telecom mobile services in Spain
AIM-listed telecommunication software company Artilium’s subsidiary United Telecom has signed a new contract to provide mobile services and support to 107082 Telecom in Spain.
Faron Pharma granted protection for IFN-beta by Finnish patent office
Faron Pharmaceuticals’ patent application to protect the intravenous use of interferon-beta, a cytokine protein, in a novel formulation has been accepted by the Finnish patent office that enables the company to build a global proprietary position for its Traumakine drug.
Motif Bio may need to raise cash as antibiotic trial accelerates
As it prepares to list on the Nasdaq, AIM-listed antibiotics developer Motif Bio said it was likely to need extra funding as enrolments for its latest clinical trial were going faster than expected.
Amur Minerals partners with Chinese miner to assess Russia project
Shares in AIM-listed miner Amur Minerals soared as it announced that it had signed a memorandum of understanding with Jinchuan Nickel & Cobalt Research and Design Institute of Jinchang, China to assess the potential of its nickel and copper project.
Wey Education gains record number of students
Wey Education, an AIM listed operator of the UK’s only online independent secondary school teaching iGCSE and A Levels, obtained 52% more students during the year ended 31 August 2016.
IGas Energy keeps capital options open
IGas Energy, British oil and gas explorer and developer, said it is continuing to discuss a range of options for its capital structure needs.