Market Pulse
German business sentiment deteriorates in June - Ifo
German business sentiment deteriorated in June, according to a survey released on Monday by the Ifo Institute.
Shepherd out, Montague in as Brooks Macdonald CEO
Brooks Macdonald Group announced the retirement of Andrew Shepherd on Monday, who has served the company for 22 years, most recently as group chief executive officer (CEO) for the last three years.
Chemring appoints Tony Wood as its next chairman
Chemring Group announced the appointment of Tony Wood as an independent non-executive director and chairman-designate on Monday.
London open: Stocks nudge up as investors eye US inflation, UK GDP
London stocks were just a smidgen firmer in early trade on Monday, paring opening losses as investors eyed the release of key US inflation and UK growth figures later in the week.
GSK reports regulatory progress for Omjjara, Jemperli
GSK announced on Monday that it has received approval from Japan's Ministry of Health, Labour and Welfare (MHLW) for ‘Omjjara’, or momelotinib, as a treatment for myelofibrosis.
PepsiCo agrees to waive bottling clause as Carlsberg pursues Britvic
Carlsberg confirmed on Monday that PepsiCo has agreed to waive the change of control clause in the bottling arrangements it has with Britvic, removing a potential challenge for the Danish brewer looking to buy the UK drinks company.
Supreme buys Clearly Drinks for £15m
Supreme said on Monday that it has bought Clearly Drinks, a UK manufacturer of specialised canned and bottled-at-source spring water and soft drinks, for £15m.
London pre-open: Stocks seen lower after Nvidia selloff
London stocks were set to fall at the open on Monday following a selloff in Nvidia shares in the US on Friday.
Monday newspaper round-up: John Lewis, heat pumps, THG
The outgoing chair of John Lewis has insisted that the retail group is “back on track” and “more fit for the future” with an improving financial position enabling it to spend money refurbishing Waitrose supermarkets and opening convenience stores. Sharon White, who will retire as chair of the John Lewis Partnership in September, said the upmarket Waitrose brand was “underrepresented in convenience” as it sought new avenues of growth. – Guardian.
First time mortgage payments up 61% since last election - Rightmove
First-time buyers have seen mortgage payments soar by nearly two thirds since the last general election, industry research showed on Monday.