Market Pulse
London close: Stocks slip on relatively quiet Monday
London's stock markets closed in the red today, with trading activity subdued as US markets remained closed for the Labor Day holiday.
Volkswagen no longer ruling out plant closures, scraps job security agreement
German automotive giant Volkswagen warned on Monday that it would no longer be able to rule out plant closures across the country amid major cost-cutting efforts to "future-proof" the firm.
Broker tips: Rightmove, Bodycote
Shore Capital reiterated its 'buy' rating on Rightmove on Monday after Australia's REA Group confirmed it was considering an offer for the UK property platform, highlighting the opportunities for shareholders whether or not a takeover happens.
FTSE 100 movers: Rightmove surges on takeover interest; UBS lifts Barratt shares
London’s FTSE 100 was down 0. 1% at 8,364. 87 in afternoon trade on Monday.
Director dealings: Restore CEO ups stake
Restore revealed on Monday that chief executive officer Charles Skinner had acquired 100,000 ordinary shares in the AIM-listed records management company.
HPE to pursue up to $4bn from Mike Lynch estate - reports
Hewlett Packard Enterprise (HPE) will continue its pursuit of up to $4bn in damages from the estate of the late Autonomy founder Mike Lynch, it emerged on Monday, despite his recent death.
London midday: Stocks stay down but Rightmove surges on potential offer
London stocks were still in the red by midday on Monday in what was likely to remain a fairly quiet session, with US markets closed for the Labor Day holiday.
Eden Research product granted temporary approval in Greece
Sustainable biopesticide developer Eden Research announced on Monday that its Cedroz product has been granted temporary approval in Greece for the 2024 growing season.
Intercede secures orders and renewals worth over $1.5m
Cybersecurity software company Intercede Group announced the securing of contract orders and subscription renewals on Monday, exceeding $1. 5m.
MTI Wireless Edge receives order from biggest defence client
Communications firm MTI Wireless Edge said on Monday that its MTI Summit subsidiary has received a new order from its biggest customer in the defence sector.
Ashtead Technology reports record first-half
Offshore equipment subsea equipment rental and solutions specialist Ashtead Technology reported record financial results for the first half of 2024 on Monday, driven by strong demand across both offshore renewables and oil and gas sectors.
Phoenix's Aurora Trust proposes merger with Artemis Alpha
Phoenix’s Aurora Investment Trust has proposed a merger with the Artemis Alpha Trust, it was reported on Monday, aiming to consolidate £353m in assets.
Judges Scientific appoints new group commercial director
Judges Scientific, a company specialising in acquiring and developing businesses within the scientific instrument sector, announced the appointment of Dr Ian Wilcock to its board as group commercial director on Monday.
Ethernity confident despite delay in US aerospace contract approval
Data processing and semiconductor technology provider Ethernity Networks updated the market on its $1. 05m contract with a tier-one US-based aerospace system products provider on Monday.
SigmaRoc completes final acquisition of three-part strategy
Northern Europe-focussed lime and minerals group SigmaRoc announced on Monday that it has completed the acquisition of CRH’s Polish lime operations.
Sareum granted US patent on autoimmune therapeutic candidate
Clinical-stage biotechnology company Sareum Holdings announced on Monday that it has received a notice of allowance from the US Patent and Trademark Office (USPTO) for its patent on SDC-1801, a dual TYK2/JAK1 kinase inhibitor.
New Tristel CEO starts work, executive director leaves board
Infection prevention products manufacturer Tristel confirmed on Monday that Matt Sassone had officially assumed the role of chief executive officer, following the retirement of Paul Swinney.
UK manufacturing sector grows at fastest pace in more than two years
UK manufacturing activity grew at its fastest pace in more than two years in August, according to a survey released on Monday.
SRT Marine Systems secures two follow-on contracts
Maritime technology firm SRT Marine Systems has received two follow-on contracts with existing sovereign agency customers in Asia worth a total of $4. 6m over the next 12 months.
Asia report: Markets mixed as China manufacturing data disappoints
Asia-Pacific markets finished with a mixed performance on Monday as investors reacted to China's latest manufacturing data, which showed a significant decline.