Market Pulse
Royal Mail parent IDS to offload US freight divisions
Royal Mail parent International Distribution Services (IDS) announced on Monday that its parcel services subsidiary, GLS, would sell its US freight divisions to California-based DC Logistics.
Apax Global Alpha details take-private plans for Thoughtworks
Apax Global Alpha (AGA) updated the market on the planned take-private transaction of technology consultancy Thoughtworks on Monday.
IG Group launches first £75m tranche of share buyback programme
IG Group kicked off the first tranche of its new share buyback programme on Monday, having announced plans to repurchase up to £150m of shares on 25 July.
IWG repurchases £37m principal of convertible bonds
International Workplace Group announced on Monday that it has repurchased £37. 2m in principal amount of its £350m 0. 5% convertible bonds due 2027.
Asia report: Markets make modest gains after last week's turbulence
Asia-Pacific markets mostly rose on Monday as investors cautiously looked to upcoming US inflation data, after a volatile week of trading last week.
HSS Hire appoints Richard Jones as interim CFO
HSS Hire said on Monday that it has appointed Richard Jones as interim chief financial officer.
Genedrive makes first commercial sales of CYP2C19-ID testing kit
Pharmacogenetic testing firm Genedrive said on Monday that it has made the first UK commercial sales of its CYP2C19-ID testing kit.
WH Ireland losses widen in 'extremely challenging' markets
Broker WH Ireland posted a widening of its full-year losses on Monday as revenue fell in an "extremely challenging" market backdrop.
S&U reports difficult half-year for motor finance division
Specialist motor and property finance lender S&U reported contrasting performance across its divisions in an update on Monday, with particular difficulties in motor finance.
Europe open: Stoxx 600 breaks above 500-point mark
European stocks were in the green early again on Monday as the Stoxx 600 index broke above the 500-point mark following a volatile week for global markets.
Marshalls still confident despite tough first half
Landscaping and building products and supplier Marshalls reported a 13% decline in revenue for the first half on Monday, amounting to £306. 7m.
London open: Stocks gain as calm returns to markets
London stocks rose in early trade on Monday as a sense of calm returned to markets after last week’s turmoil.
BoE’s Mann says wage growth still a concern for inflation - report
Catherine Mann, an external member of the Bank of England’s monetary policy committee, has said the UK should not be "seduced" into thinking the battle against inflation is over after a short-term drop in the headline measure targeted by the Bank.
London pre-open: Stocks seen up as investors eye UK, US inflation data
London stocks were set to rise at the open on Monday following a mostly positive Asian session.
Monday newspaper round-up: Inflation, water compensation, FTSE 100 bosses pay
The Bank of England is poised for a setback in the battle against high inflation this week amid expectations for a first increase in the headline rate this year, highlighting the pressure from the cost of living crisis. In a week of key updates from the British economy, official figures on Wednesday are expected to show inflation returned above the Bank’s 2% target in July, driven in part by fast-rising prices for air fares, package holidays and hotels. – Guardian.