Market Pulse
Asia report: Stocks drop as Japan growth, China inflation fall short
Asia-Pacific markets faced broad declines on Monday, with Hong Kong’s Hang Seng Index leading the losses following weaker-than-expected economic data from both China and the US.
Aldi announces big UK investment as sales, profits rise
Aldi announced a record £800m investment to accelerate its expansion in Britain, following its strongest-ever sales performance.
Hostmore abandons pursuit of TGI Fridays, shares tumble
Hostmore tumbled on Monday as the restaurant operator said it was abandoning its pursuit of TGI Fridays after it lost an important revenue stream.
Burberry, Kering slump on Barclays downgrades
Luxury brands Burberry and Kering slumped on Monday as Barclays downgraded its stance on the shares to ‘underweight’ from ‘equalweight’ on structural concerns related to China.
Eagle Eye Solutions signs contract with French retailer
Software-as-a-service business Eagle Eye Solutions said on Monday that E. Leclerc, the largest retail chain in France, has signed a one-year contract for its new AI-powered, "Personalised Flyer" offering, alongside a two-year renewal for its "Personalised Challenges" product.
Synectics wins further contract with 'major' South-East Asian gaming resort
Security and surveillance firm Synectics has been awarded a further contract, worth approximately $3. 2m, relating to the upgrade and expansion of the surveillance system at a major gaming resort in South-East Asia.
Greatland in talks to acquire Newmont interests, shares suspended
Greatland Gold responded to press speculation in Australia on Monday, confirming that it was in advanced negotiations to acquire Newmont Corporation's interest in the Havieron gold-copper project and the 100% ownership of the Telfer gold-copper mine.
London open: Stocks gain after Friday's losses; Entain jumps
London stocks rose in early trade on Monday, recovering from heavy losses at the end of last week on the back of a disappointing US non-farm payrolls report.
Entain trading ahead of expectations in second half
Sports betting and gambling giant Entain reported better-than-expected second-half results in an update on Monday, with online net gaming revenue (NGR) showing stronger growth than forecast.
Assura appoints Steven Noble to newly-created role of CIO
Specialist healthcare property investor and developer Assura said on Monday that it has appointed Steven Noble to the newly-created role of chief investment officer to support the business' short and long-term growth strategy.
London pre-open: Stocks seen higher after last week's losses
London stocks were set to gain at the open on Monday following heavy losses at the end of last week.
Monday newspaper round-up: HSBC, CGT, Asda
HSBC is recruiting hundreds of bankers to serve rich clients in the UK as it looks to head off growing competition from British rivals and take a larger slice of the wealth management market. Europe’s biggest bank is hoping to fortify the UK arm of its wealth and private banking operations by bulking up its team of relationship managers, who offer bespoke services and advice to rich clients in exchange for lucrative fees. – Guardian.