Market Pulse
UK retail sales dip slightly amid cool June weather
Retail sales in the UK dipped slightly in June, according to fresh data released on Tuesday, as a result of a markedly cooler summer so far.
US close: Stocks mixed as traders await CPI reading, Q2 earnings
Wall Street stocks turned in a mixed performance on Monday as investors prepared for the beginning of Q2 corporate earnings season later in the week.
HSBC fined £2.4m by Hong Kong's pensions regulator
HSBC has been fined HKD 24m (£2. 4m) by Hong Kong's pension regulator, it was reported on Monday, for offering incentives to unauthorised agents to promote its Mandatory Provident Fund (MPF) scheme in 2020 and 2021.
Broker tips: Shaftesbury Capital, Melrose Industries, LBG Media
Citi has reiterated its 'buy' rating on London-focused property investor and developer Shaftesbury Capital ahead of its interim results in a few weeks, predicting that profits will nearly double over the medium term.
Director dealings: Prudential director makes share purchase
Insurance business Prudential revealed on Monday that independent non-executive director George Sartorel had acquired 8,000 ordinary shares in the London-listed firm.
London close: Stocks mixed as investors assess hung French parliament
London markets showed mixed performance on Monday as investors weighed the implications of a hung parliament in France.
US open: Dow trades higher as investors look ahead to CPI reading, Q2 earnings
Wall Street stocks were in the green early on Monday as investors prepared for the beginning of Q2 corporate earnings season later in the week.
FTSE 100 movers: Beazley follows Hiscox higher; B&M in the black
London’s FTSE 100 was flat at 8,207. 90 in afternoon trade on Monday.
Pulsar reports first-half rise in annual recurring revenue
Marketing and communications software-as-a-service specialist Pulsar Group reported a £2. 2m increase in annual recurring revenue in its interim results on Monday, demonstrating a marked improvement in growth momentum compared to the £1. 3m growth in the first half of 2023.
Eli Lilly to acquire Morphic via tender offer
American pharmaceuticals company Eli Lilly has struck an agreement to acquire biopharma business Morphic in a deal worth approximately $3. 2bn.
Zinc Media trading in line despite slow UK market
Television and content production company Zinc Media Group reported ongoing delays in the UK content commissioning market in an update on Monday.
Devon Energy to buy Grayson Mill’s Williston Basin business in $5bn deal
Devon Energy said on Monday that it has agreed to buy the Williston Basin business of Grayson Mill Energy in a $5bn deal.
Aptamer reports success in ongoing work with Unilever
Aptamer Group, a developer of novel ‘Optimer’ binders for the life sciences industry, updated the market on its ongoing partnership with Unilever on Monday, aimed at creating Optimer binders for use in cosmetic applications.
Canaccord initiates coverage on 10 multi- channel retailers
Canaccord Genuity initiated coverage on 10 multi-channel retail stocks on Monday as it said the outlook is looking brighter.
US pre-open: Stocks flat as investors look ahead to Q2 earnings
Wall Street futures were little changed ahead of the bell on Monday as investors braced for the beginning of Q2 corporate earnings season later in the week.
Hiscox surges as Sompo, Generali said to be interested in takeover
Hiscox surged on Monday following a report that two rivals are considering takeover bids for the insurer.
London midday: Stocks turn positive as investors mull hung parliament in France
London stocks had turned positive by midday on Monday, in line with their European counterparts, as investors mulled the prospect of a hung parliament in France.
Berenberg raises target price on LBG Media
Analysts at Berenberg hiked their target price on digital media publisher LBG Media from 120. 0p to 140. 0p on Monday, citing positive tailwinds.
Metro Bank revives £3bn mortgage sale - report
Metro Bank is reportedly reviving plans to offload a multibillion pound mortgage months after an investor bailout rescued it from the brink of collapse.
Angus Energy Q2 revenues seen at roughly £4.9m
Onshore energy transition business Angus Energy said on Monday that second-quarter revenues were expected to come to roughly £4. 90m after only minor servicing to two compressor engines was required during the period.