Market Pulse
London close: Stocks manage gains ahead of key rate decisions
London stocks closed slightly above the waterline on Monday, as investors exercised caution ahead of key interest rate announcements scheduled across the globe later in the week.
FTSE 100 movers: M&S boosted by broker note; Phoenix slumps
London’s FTSE 100 was up 0. 2% at 8,285. 18 in afternoon trade on Monday.
Director dealings: FirstGroup CEO buys shares, Deliveroo chief sells
FirstGroup announced on Monday that its chief executive officer and executive director, Graham Sutherland, had purchased 20,000 shares of the company at 153. 4p per share.
Sareum shares rise on China patent allowance
Cambridge-based biotechnology firm Sareum Holdings announced on Monday that it has received a notice of allowance from the China National Intellectual Property Administration for its patent application concerning crystalline forms of SDC-1801.
Berenberg lifts JTC price target after Citi Trust deal
Berenberg lifted its price target on JTC on Monday to 1,400p from 1,300p on the back of news it has acquired Citi Trust - the global fiduciary and trust administration services business - from Citigroup for $80m.
Manx Financial buys rest of Payment Assist earlier than planned
Manx Financial Group, a diversified financial services provider in the Isle of Man and the UK, announced the accelerated acquisition of the remaining 49. 9% interest in Payment Assist on Monday.
Flutter closing in on £2bn acquisition of Playtech’s consumer operations - report
Paddy Power owner Flutter Entertainment is reportedly closing in on a £2bn swoop for the consumer operations of Playtech.
London midday: Stocks flat as investors eye policy announcements
London stocks had pared earlier small losses to trade flat by midday on Monday ahead of a busy week that includes rate announcements from the Bank of England, the US Federal Reserve and the Bank of Japan.
US pre-open: Stocks seen mixed as investors eye Fed policy announcement
US stock futures pointed to a mixed open on Wall Street on Monday as attention turns to this week’s rate announcement from the Federal Reserve, with a cut widely expected.
Greencoat Renewables confident despite lower wind in first half
Greencoat Renewables said in its interim results on Monday that despite experiencing a period of low wind resource, it generated 1,927 GWh of clean electricity, up from 1,489 GWh in the same period last year.
Pantheon Resources announces new Houston-based finance chief
Alaska-focussed oil and gas explorer Pantheon Resources announced changes to its board on Monday, with the appointment of Philip Patman Jr as its new chief financial officer.
Thoma Bravo acquisition of Darktrace clears regulatory hurdles
Cybersecurity specialist Darktrace announced on Monday that all regulatory and competition conditions for its acquisition by Luke Bidco had been satisfied.
Henry Boot sells nearly 500 residential plots to Barratt subsidiary
Henry Boot announced on Monday that its land promotion and planning subsidiary Hallam Land has completed the sale of 491 residential plots at the Pickford Gate development in Coventry to David Wilson Homes, a division of Barratt Developments.
MP Evans reports strong first half, extends share buyback
Indonesian palm oil producer MP Evans announced a strong set of unaudited interim results for the six months ended 30 June on Monday, with increases in production, profitability and dividends.
Watchstone Group narrows first-half losses
Watchstone Group announced its results for the six months ended 30 June on Monday, reporting a substantial reduction in operating losses compared to the same period last year.
MaxCyte enters licence agreement with Kamau Therapeutics
Cell engineering technology company MaxCyte announced a strategic platform licence agreement with Kamau Therapeutics, a clinical-stage firm specialising in stem cell gene correction therapies, on Monday.
Asia report: Markets mixed after weekend data dump from China
Asia-Pacific markets presented a mixed picture on Monday amid a relatively quiet trading session, as investors evaluated recent economic data from China and looked ahead to the US Federal Reserve's upcoming monetary policy announcement.
RBC Capital lifts Marks & Spencer target price
RBC Capital Markets lifted its price target on Marks & Spencer on Monday to 400p from 350p as it raised estimates on the ‘outperform’ rated stock, pointing to sales momentum and the recent re-rating of the UK food retail sector.
TT Electronics downgrades full-year outlook, shares tumble
TT Electronics tumbled on Monday as it downgraded its full-year outlook, citing "operational efficiency issues" in two North American sites.
Keywords Studios reports profitability challenges ahead of acquisition
Keywords Studios, a provider of creative and technology services to the global video game and entertainment industries, reported a modest increase in first-half revenue in its interim results on Monday, but faced challenges with profitability.