Market Pulse
US close: Stocks higher ahead of tech earnings
Wall Street stocks were in the green at the close of trading on Monday as market participants looked ahead to key earnings from a number of major tech firms.
Broker tips: Dr Martens, Diageo, M&S, Next and Sainsbury's
RBC Capital Markets cut its price target on Dr Martens on Monday to 65. 0p from 85. 0p as it reduced estimates following the bootmaker's FY25 guidance.
London close: Stocks jump on weaker sterling, easing geopolitics
London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.
Director dealings: Windar Photonics director raises stake
Windar Photonics revealed on Monday that non-executive director Paul Hodges had acquired 220,000 ordinary shares in the AIM-listed wind sensor developer.
CoStar to buy Matterport in $1.6bn deal
CoStar, a US provider of online real estate marketplaces, information and analytics in the property markets, said on Monday that it has agreed to buy Matterport in a $1. 6bn deal.
Chicago Fed's national activity index rises to 0.15 in March
The Chicago Federal Reserve's national activity index rose to +0. 15 in March, up from an upwardly revised reading of +0. 09 for February and beating expectations for a +0. 09 reading for the highest reading since November 2023.
US open: Stocks higher as traders look ahead to tech earnings
Wall Street stocks were in the green early on Monday as market participants looked ahead to key earnings from a number of major tech firms.
FTSE 100 movers: Retailers rally; Fresnillo loses its shine
London’s FTSE 100 was up 1. 7% at 8,026. 12 in afternoon trade on Monday.
Alliance Pharma delays preliminary results
International healthcare group Alliance Pharma announced the postponement of its preliminary results for the year ended 31 December on Monday.
Revenue up, adjusted earnings down for Lok'nStore
Self-storage operator Lok'nStore Group reported a 4. 3% increase in revenue in its interim results on Monday, to £14. 17m, with headline self-storage revenue rising 4. 9% to £13. 33m.
Elixirr International posts solid set of final results
Challenger consultancy Elixirr International reported a solid financial upswing in its final results on Monday, with revenue up 20% year-on-year at £85. 9m.
US pre-open: Futures higher ahead of busy week for tech earnings
Wall Street futures were in the green ahead of the bell on Monday as market participants look ahead to key earnings from a number of major tech firms.
Quanex to buy Tyman in £788m deal
Tyman said on Monday that it has agreed to be bought by US metal window and door manufacturer Quanex in a £788m cash and stock deal.
Jefferies upgrades M&S, Next and Sainsbury’s to 'buy'
Jefferies upgraded its stance on a host of UK retail stocks on Monday.
Thames Water looks to hike consumer bills by as much as 44%
Heavily indebted utility provider Thames Water will look to convince industry regulator Ofwat to allow it to hike consumer bills by as much as 44% over the next five years.
PayPoint considers buyback after strong full year
PayPoint said on Monday that it was mulling a potential share buyback after a strong full-year performance.
Ocado shareholders reportedly pushing for move to NYSE
Ocado shareholders are pushing for a potential shift from its London listing to the New York Stock Exchange, it emerged over the weekend.
Asia report: Markets mixed as PBoC keeps rates steady
Asia-Pacific markets closed in a mixed state on Monday, following a significant sell-off on Friday, with investors closely eyeing fresh data releases from key economies including China, Japan, and South Korea throughout the week.
Asda underlying profit jumps 24% in 2023
Asda reported a jump in full-year underlying profit and sales on Monday as it continued to lower prices.
Angle granted European patent for CellKeep, US patent imminent
Liquid biopsy specialist Angle announced on Monday that it has received a European patent for its ‘CellKeep’ slide, as it anticipated the imminent grant of an equivalent US patent application.