Market Pulse
Shop prices continue moving into deflation in September
Shop prices continued to move into deflation in September, with a year-on-year decline of 0. 6%, according to the British Retail Consortium-NielsenIQ Shop Price Index on Tuesday.
London close: Stocks slip on GDP revision, Middle East tensions
London stocks closed in the red on Monday, with heightened geopolitical tensions in the Middle East weighing on investor sentiment.
Berenberg raises target price on Cranswick
Analysts at Berenberg raised their target price on food production company Cranswick from 5,312. 0p to 5,674. 0p on Monday, stating structural factors were driving trading strength.
Director dealings: Funding Circle founder sells shares
Funding Circle revealed on Monday that non-executive director Samir Desai had disposed of 4. 0m ordinary shares in the London-listed lending platform operator.
FTSE 100 movers: Rightmove slides as REA walks away; 3i weak
London’s FTSE 100 was down 0. 7% at 8,259. 42 in afternoon trade on Monday.
Carnival shares dip despite record third quarter, upgraded guidance
Shares in Anglo-American cruise giant Carnival were in the red on Monday afternoon, even after it reported record-breaking financial results for the third quarter, surpassing its earlier guidance and raising its full-year outlook for the third time.
Celadon Pharmaceuticals finance chief to step down
Celadon Pharmaceuticals announced on Monday that Jonathan Turner, its chief financial officer, was stepping down.
US open: Stocks mixed as Q3 trading winds down
Wall Street trading got off to a mixed start early on Monday after major indices managed to notch a third-straight winning week in what has historically been a rough month for stocks.
Versarien sells AAC Cyroma subsidiary for £0.55m
Advanced materials engineering group Versarien announced the completed sale of its wholly-owned subsidiary AAC Cyroma on Monday, to Harper Bennett for £0. 55m.
Rightmove tumbles as REA Group abandons pursuit
Rightmove tumbled on Monday after Rupert Murdoch’s Australian property business REA Group said it was abandoning its pursuit of the property portal after a fourth, £6. 2m takeover proposal was rejected.
Biome secures £0.19m RF technologies contract
Biome Technologies announced that its RF technologies division had secured a £0. 19m contract to upgrade advanced analytical equipment previously supplied to a UK-regulated industry.
US pre-open: Futures point to losses going into final session of Q3 trading
Wall Street futures were in the red ahead of the opening bell after major indices notched a third-straight winning week in what has historically been a rough month for stocks.
London midday: Stocks fall after GDP revision, amid Middle East tensions
London stocks had fallen into the red by midday on Monday amid growing tensions in the Middle East and as data showed the UK economy grew less than initially thought in the second quarter of the year.
Frasers makes £83m takeover bid for Mulberry, shares jump
Mike Ashley’s Frasers Group said on Monday that it had made an £83m takeover bid for Mulberry, as it criticised the luxury handbag retailer for not informing it of plans to raise £10m.
Intercede secures multiple contract wins, renewals
Cybersecurity software company Intercede announced on Monday that it had secured further contract orders and renewals worth a total of more than $1. 9m.
hVIVO gets HSE clearance, launches new lab services
Specialist contract research organisation hVIVO launched the full suite of services provided by its hLAB division - a highly specialised virology and immunology laboratory supporting preclinical and clinical drug development - on Monday.
Marlowe reports solid year-to-date performance
Business-critical regulatory compliance service specialist Marlowe reported a solid performance for the five-month period from 1 April to 30 August in an update on Monday.
Revenue, profits rise for Alliance Pharma
Alliance Pharma reported a 2. 8% increase in revenue on Monday, to £84. 8m on a see-through basis, driven by the robust performance of its Kelo-Cote franchise.
Oracle Power starts ground-based gravity survey at Blue Rock Valley
Oracle Power announced the start of a ground-based gravity survey at its Blue Rock Valley Copper and Silver Project in the Ashburton Basin, Western Australia on Monday.
Asia report: China surges, Japan sinks on wildly mixed day for markets
Asia-Pacific markets saw a day of mixed performance on Monday, with a dramatic rally in China contrasting with steep declines in Japan and South Korea.