Market Pulse
Rose Petroleum upbeat on results of Schlumberger study
Natural resources business Rose Petroleum updated the market on its operations for the Gunnison Valley Unit (GVU) in the Paradox Basin, Utah on Monday, reporting that the fracture characterisation study undertaken by Schlumberger had now been completed.
Sound Energy makes solid progress on TE-10 well
Morocco-focussed upstream gas company Sound Energy updated the market on its TE-10 exploration well on Monday, following the identification of gas bearing sands within and below the currently-mapped TAGI structural closure, which it said potentially de-risked the stratigraphic upside in North East Lakbir in its Greater Tendrara licence area.
London open: Stocks steady as investors eye trade talks; Dunelm surges
London stocks were steady in early trade on Monday as investors eyed the latest round of trade talks between the US and China, with Brexit also firmly in focus ahead of next week's Commons vote on Theresa May's deal.
88 Energy begins ice road construction to Winx-1 well
88 Energy updated the market on its oil and gas operations on the North Slope of Alaska on Monday, reporting that ice road construction for the Winx-1 exploration well had now commenced.
Mattioli Woods confident in face of geopolitical risks
Specialist wealth management and employee benefits provider Mattioli Woods updated the market on its trading on Monday, ahead of its interim results for the six months ended 30 November, reporting “strong growth” in adjusted EBITDA and adjusted profit before tax year-on-year.
Equiniti wins Ofcom contract for radio spectrum clearance
Equiniti has won a contract to run the UK media and telecoms watchdog's scheme to compensate users of low-frequency radio spectrum that is being cleared for use in 5G mobile services.
Vertu Motors buys Newport-based Vans Direct for £7.5m
Automotive retailer Vertu Motors has bought Newport-based online van retailer Vans Direct for £7. 5m in a deal that will be immediately earnings-enhancing.
Monday newspaper round-up: US-China talks, Brexit, Morrisons, manufacturing
US officials arrived in China for the first face-to-face negotiations since a 90-day truce was declared in a trade war between Washington and Beijing, in the hope of ending a bruising confrontation between the world’s two largest economies. Hopes that the sixth round of negotiations between the two sides could yield a breakthrough helped Asian shares rise on Monday, combined with optimism about the state of the global economy on the back of strong US jobs figures on Friday.
ContourGlobal acquiring Alpek portfolio in Mexico for $724m
ContourGlobal has agreed to acquire Alpek's Mexico portfolio of two natural gas-fired combined heat and power (CHP) plants, together with development rights and permits for a third plant, for $724m in cash, it announced on Monday.
London pre-open: Stocks to nudge up ahead of Sino-US trade talks
London stocks were set to nudge up at the open on Monday as investors eyed the latest round of trade talks between the US and China, with Brexit also still firmly in focus ahead of next week's Commons vote on Theresa May's deal.