Market Pulse
US close: Stocks mixed as traders await more Q3 earnings
Wall Street stocks turned in a mixed performance on Monday as Q3 earnings season gets set to pick up steam.
IDS subsidiary GLS to buy 20% stake in Greek courier firm ACS
International Distribution Services - the parent company of Royal Mail - said on Monday that subsidiary GLS has agreed to buy a 20% stake in Greek courier firm ACS Postal Services from Quest Holdings for €74m (£62m).
Broker tips: Intertek, Cerillion, Future, Midwich
RBC Capital Markets downgraded Intertek on Monday to 'sector perform' from 'outperform' and cut its price target on the stock to 5,000. 0p from 5,200. 0p.
London close: Stocks give up gains to finish in the red
London stocks ended lower on Monday, after the People’s Bank of China made bigger-than-expected cuts to loan prime rates, while UK house price growth stagnated.
FTSE 100 movers: Fresnillo shines; Intertek hit by downgrade
London’s FTSE 100 was down 0. 2% at 8,338. 67 in afternoon trade on Monday.
Tristel full-year results top market expectations
Infection prevention products manufacturer Tristel announced its audited results for the year ended 30 June on Monday, surpassing market expectations.
Yellow Cake confident despite fall in uranium prices
Yellow Cake, a specialist company holding physical uranium for long-term investment, reported a 4. 4% decrease in the value of its uranium holdings during the September quarter on Monday.
US open: Stocks little changed ahead of busy earnings week
US stocks were little changed in early trade on Monday as investors eyed a week jam-packed with high-profile earnings results.
Ocado lining up former Microsoft executive as next chairman - report
A former Microsoft executive is reportedly being lined up as the next chairman of Ocado Group.
Midwich revises expectations amid challenging market
Audio-visual distribution specialist Midwich Group revised its expectations for the year on Monday, amid persistently challenging market conditions.
Sanofi to sell 50% stake in Opella to CD&R
Sanofi said on Monday that it has agreed to sell a 50% stake in its consumer healthcare business, Opella, to US private equity firm Clayton, Dubilier & Rice in a €16bn deal.
Elixirr acquires Hypothesis Group in $45m deal
Elixirr International announced the acquisition of Hypothesis Group, a US-based insights and strategy firm, for a maximum consideration of $45m on Monday.
Director dealings: Audioboom chairman snaps up shares
Audioboom revealed on Monday that chairman Michael Tobin had acquired 10,620 ordinary shares in the AIM-listed podcasting business.
Cerillion FY profits seen 'comfortably ahead' of expectations
Software group Cerillion said on Monday that full-year adjusted pre-tax profits would be "comfortably ahead" of consensus estimates thanks to record new orders.
EnergyPathways to collaborate with govt on hydrogen storage, shares surge
AIM-listed EnergyPathways surged on Monday as the Department of Energy Security and Net Zero (DESNZ) invited the company to participate in the Hydrogen Storage Business Model (HSBM) Design Group.
US pre-open: Futures lower following Dow's record close
Wall Street futures were in the red ahead of the bell on Monday as Q3 earnings season gets set to pick up steam.
Berenberg lowers target price on Midwich Group
Analysts at Berenberg lowered their target price on technology distributor Midwich Group from 620. 0p to 500. 0p on Monday following the company's unscheduled trading update.
Canaccord Genuity hikes target price on Cerillion
Analysts at Canaccord Genuity hiked their target price on software firm Cerillion from 1,675. 0p to 2,000. 0p on Monday following the group's FY24 trading update.
London midday: Stocks pare gains as investors mull PBOC policy move
London stocks had pared gains by midday on Monday as investors mulled the latest policy move by the People’s Bank of China and UK house price data.
UK consumer confidence picks up in October
UK consumer confidence improved in October, according to fresh survey data released on Monday, with the S&P Global UK consumer sentiment index rising to 47. 3, from 46. 0 in September.