Market Pulse
Broker tips: Ocado, Prudential
Bernstein downgraded Ocado on Monday to ‘underperform’ from ‘outperform’ and slashed its price target on the stock to 250. 0p from 1,000. 0p, having been "one of the last bulls standing".
London close: Stocks slide on China data, Burberry warning
London stocks ended Monday in negative territory, influenced by weaker-than-expected Chinese GDP figures and a profit warning from luxury fashion house Burberry.
FTSE 100 movers: Burberry tumbles on profit warning; miners in the red
London’s FTSE 100 was down 0. 8% at 8,183. 33 in afternoon trade on Monday.
Director dealings: Jet2 chairman ups stake
Jet2 revealed on Monday that chairman Robin Terrell had acquired 8,557 ordinary shares in the London-listed leisure travel group.
Sir Paul Marshall could pull out of bidding for the Telegraph
The anticipated takeover bid for the Telegraph by hedge fund tycoon Sir Paul Marshall was facing uncertainty on Monday, just days before the bid submission deadline.
US open: Stocks higher as Q2 earnings season begins to pick up steam
Wall Street stocks were in the green early on Monday as Q2 earnings and an attempt on former president Donald Trump's life were both firmly in focus.
Zenova's FX extinguishers approved for use on UK-flagged vessels
Fire suppression and interdiction specialist Zenova Group announced that its Zenova FX range of six- and nine-litre extinguishers has been approved as marine equipment under the Merchant Shipping (Marine Equipment) Regulations (MER) by BSI.
Macy’s ends takeover talks with Arkhouse, Brigade
Macy’s tumbled on Monday after the department store chain said it had ended takeover talks with private equity firms Arkhouse Management and Brigade Capital Management after months of negotiations.
Goldman Sachs Q2 profits soar amid increased dealmaking
Goldman Sachs said on Monday that profits had soared 150% year-on-year in Q2 on the back of increased investment banking activity during the period.
Cleveland-Cliffs to buy Stelco in $2.5bn deal
US flat-rolled steel producer Cleveland-Cliffs said on Monday that it has agreed to buy Stelco in a $2. 5bn cash and stock deal.
US pre-open: Futures higher following Trump assassination attempt
Wall Street futures were firmly in the green ahead of the bell on Monday as market participants assessed the impact of Donald Trump's attempted assassination on stocks.
BlackRock assets under management reach record $10.6trn
BlackRock announced a robust set of second-quarter results on Monday, as its total assets under management reached a fresh record amid growth across its platform.
London midday: Stocks down but off lows after Burberry warning, China data
London stocks were down but off earlier lows by midday on Monday following disappointing Chinese GDP figures and a profit warning from Burberry.
EnSilica secures $7m order from new customer
EnSilica, a developer of mixed signal application-specific integrated circuits (ASICs), announced a significant new order valued at $7m from a new customer on Monday.
Longboat sells LJN stake, turns focus to Southeast Asia
Southeast Asia-focussed explorer and developer Longboat Energy announced on Monday that it has completed the sale of its 50. 1% stake in Longboat Japex Norge (LJN) to its joint venture partner, Japan Petroleum Exploration (Japex).
Vast Resources raises £0.6m for Baita Plai reorganisation
Vast Resources announced a successful equity placing on Monday, raising £0. 6m through the issue of 600 million ordinary shares at a price of 0. 1p each, to fund its reorganisation plan at Baita Plai.
Advanced Medical Solutions upbeat on first-half growth
Advanced Medical Solutions updated the market on its trading in the six months ended 30 June on Monday, highlighting significant revenue growth and strong performance from its US LiquiBand product line.
Mediazest secures £500,000 of new business in H1
Audio-visual solutions provider Mediazest said on Monday that it had secured an additional £500,000 worth of new business orders over the past two months.
Thor Explorations flags solid progress in Nigeria, Senegal
Thor Explorations reported substantial production achievements at its Segilola Gold Mine in Nigeria in an update on Monday, as well as significant progress in its exploration projects in Nigeria and Senegal.
Gore Street Energy Storage posts solid set of results
Gore Street Energy Storage Fund reported a strong set of audited results for the financial year ended 31 March on Monday, with robust revenue generation, increased operational capacity, and a solid balance sheet.