Market Pulse
Deutsche Bank starts coverage of Trainline at ‘buy’
Deutsche Bank initiated coverage of Trainline on Monday with a ‘buy’ rating and 470p price target.
Serica Energy gets final approval for Belinda field development
Independent upstream oil and gas company Serica Energy announced the final approval from the North Sea Transition Authority (NSTA) to develop its wholly-owned Belinda field on Monday.
Chinese banks hold benchmark lending rates steady
Chinese banks kept their benchmark lending rates unchanged after the People's Bank of China also chose to stay put on a key rate on loans it offers to lenders.
Nexxen reaffirms guidance after strong first quarter
Advertising technology company Nexxen International reported record programmatic revenue and significant growth in adjusted EBITDA in its first-quarter results on Monday.
PureTech Health launches $100m tender offer
Clinical-stage biotherapeutics company PureTech Health launched a proposed $100m tender offer on Monday, aiming to repurchase shares at a fixed price of 250p each, or £25. 00 per American depositary share (ADS).
Asia report: Markets rise as China holds loan prime rates
Asia-Pacific markets mostly rose on Monday, with mainland China extending its eight-month highs as investors awaited economic data from across the region.
Helical sells 50pc stake in City redevelopment
Helical announced on Monday that it has sold a 50% stake in the redevelopment of 100 New Bridge Street, London EC4, to a vehicle led by Orion Capital Managers, for £55m on a preferred equity basis.
Harworth Group on track with development pipeline
Land and property regeneration specialist Harworth Group said in an update on Monday that it was on track to achieve an EPRA net development value (NDV) of £1bn by the end of 2027.
London open: Stocks gain as investors mull Rightmove data; inflation eyed
London stocks edged higher early trade on Monday as investors mulled the latest UK house price figures and looked ahead to key inflation data later in the week.
Keywords Studios confirms £2.2bn approach from Swedish PE firm EQT
Keywords Studios said on Monday that it was "minded to accept" a £2. 2bn takeover proposal from Swedish private equity firm EQT Partners if it makes a firm offer.
AstraZeneca announces $1.5bn Singapore manufacturing facility
AstraZeneca announced plans to construct a $1. 5bn manufacturing facility in Singapore on Monday, dedicated to the production of antibody drug conjugates (ADCs).
UK house prices hit record high in May - Rightmove
The average UK house price hit a new record of £375,131 in May, driven by pent-up demand and momentum from the Spring selling season, according to data released on Monday by Rightmove.
London pre-open: Stocks seen up as investors mull Rightmove data
London stocks were set to rise at the open on Monday as investors mulled the latest UK house price figures.
Monday newspaper round-up: Border checks, house prices, apprenticeships
Post-Brexit border checks will cost UK businesses £470m a year, the government’s public spending watchdog has said. Plans to bring in border checks on goods coming from the EU faced “significant issues” including critical shortages of inspectors before their introduction last month, the National Audit Office said in a report. – Guardian.