Market Pulse
US close: Stocks start off H2 trading with modest gains
Wall Street stocks closed higher on Monday after the second half of the trading year initially got off to a mixed start, with both the S&P 500 and Nasdaq Composite later recovering from earlier losses.
London close: Stocks mixed on raft of global PMI data
London stocks ended Monday with mixed results as investors navigated a mix of UK economic data and the outcome of the French elections.
Broker tips: Trustpilot, Centrica
JPMorgan Cazenove placed Trustpilot shares on 'positive catalyst watch' on Monday ahead of its H1 trading update on 11 July, saying it reckons adjusted underlying earnings will come in ahead of expectations.
FTSE 100 movers: Land Securities boosted by upgrade; Centrica in the red
London’s FTSE 100 was up 0. 3% at 8,189. 25 in afternoon trade on Monday.
Director dealings: Challenger Energy chairman ups stake
Challenger Energy revealed on Monday that chair Iain McKendrick had acquired 35. 45m ordinary shares in the AIM-listed oil and gas company.
Maersk no longer interested in bidding for DB Schenker
Shipping giant Maersk rallied on Monday after saying it was no longer interested in bidding for DB Schenker, the logistics unit of Deutsche Bahn.
US open: Mixed start to H2 trading
Wall Street stocks were moving both ways early on Monday as the second half of the trading year got off to a mixed start.
ISM manufacturing PMI fails to pick up as expected in June
Factory sector activity in the US slowed a tad further last month, amid multiple reports of fewer orders or softer demand from various subsectors, the results of a closely followed survey showed.
Helium One reports progress at Rukwa project
Tanzania-focussed helium explorer and developer Helium One Global updated the market on operations at its Rukwa project on Monday, where preparations were underway for an extended well test (EWT) at the Itumbula West-1 (ITW-1) site.
Meta accused of breaching EU rules with new ad model
Facebook's parent company, Meta, was facing allegations from European Union regulators of breaching the bloc's strict competition rules on Monday, through its ad-supported subscription service introduced for Facebook and Instagram in Europe last year.
Unite calls off Port Talbot strike
Works union Unite has called off a strike planned for 8 July in order to allow enter further discussions regarding the future of Britain's largest steel works at Port Talbot, Wales.
Verici Dx reaches Thermo Fisher collaboration milestone
Verici Dx, a developer of advanced clinical diagnostics for organ transplants, announced a significant milestone achievement under its agreement with Thermo Fisher Scientific on Monday.
Chewy shares surge as Roaring Kitty takes 6.6% stake
Chewy shares surged in pre-market trade on Monday after it emerged that meme stock trader Roaring Kitty has taken a 6. 6% stake in the company.
US pre-open: Futures track higher ahead of first session of H2
Wall Street futures were in the green ahead of the bell on Monday as traders get ready for the second half of the trading year to get underway.
London midday: Stocks maintain gains after raft of UK data; French elections in focus
London stocks were off earlier highs but still in the black by midday on Monday as investors mulled a raft of UK data and French election results suggesting the Far Right will fall short of an absolute majority in the second round of voting.
Sareum announces positive results from kinase inhibitor trial
Sareum Holdings announced positive topline results from its phase 1a clinical trial of SDC-1801, a dual TYK2/JAK1 kinase inhibitor under development for treating autoimmune diseases.
Boeing to buy Spirit Aerosystems in $4.7bn deal
Boeing said on Monday that it has agreed to buy Spirit AeroSystems in a $4. 7bn all-share deal.
Feedback secures contract with Queen Victoria Hospital
Clinical infrastructure business Feedback has scored a contract with the Queen Victoria Hospital to provide its Bleepa Community Diagnostics Centre solution.
JPMorgan puts Trustpilot on ‘positive catalyst watch’, shares rally
JPMorgan Cazenove placed Trustpilot shares on ‘positive catalyst watch’ on Monday ahead of the first-half trading update on 11 July, saying it expects another period of adjusted EBITDA ahead of expectations.
Vivendi settles long-running dispute with institutional investors
French media conglomerate Vivendi announced the resolution of a long-running legal dispute on Monday, concerning financial communications from the early 2000s.