Market Pulse
Ryanair cuts traffic forecast as H1 profits drop
Ryanair cut its full-year traffic forecast on Monday and reported a drop in first-half profits, as it took a hit from lower fares and Boeing delays.
Asia report: Markets rise ahead of US election, China legislative session
Asia-Pacific markets rallied on Monday as investors awaited key developments in the United States and China.
RBC Capital Markets lowers 3i Group to 'sector perform'
Analysts at RBC Capital Markets downgraded 3i Group from 'outperform' to 'sector perform' on Monday, citing valuation grounds.
AFC Energy ends year ahead of expectations
AFC Energy reported solid trading for the financial year just ended on Monday, underscoring growth in its hydrogen power solutions and expanding presence in the Middle East.
Tertiary Minerals announces start of drilling at Mukai
Tertiary Minerals announced on Monday that First Quantum Minerals had started drilling at the Mukai Copper Project in Zambia.
PCI-PAL secures re-tender with DWP
Secure payment solutions provider PCI-PAL said on Monday that it has been successful in winning the re-tender for its business with the Department for Work and Pensions in the UK.
DP Poland sales rise YTD
Eastern European pizza restaurant operator DP Poland said on Monday that sales had risen in the nine months ended 30 September.
RBC Capital ups Frasers Group to ‘outperform’
RBC Capital Markets upgraded Frasers Group on Monday to ‘outperform’ from ‘sector perform’ with a ‘speculative risk’ qualifier.
Croma Security Solutions reports solid final results
Croma Security Solutions Group reported solid financial results for the year ended 30 June on Monday, with group revenue rising 8. 9% to £8. 74m, after the first full year under its new strategic direction.
Berkshire Hathaway lowers stake in Apple
Warren Buffett has further lowered his stake in tech giant Apple, downsizing Berkshire Hathaway's biggest equity holding for a fourth consecutive quarter.
Moncler said to consider bid for Burberry, shares rally
Burberry shares shot higher on Monday after online fashion publication Miss Tweed suggested over the weekend that Italy’s Moncler could be considering a bid for the luxury fashion brand.
Conroy Gold appoints John Sherman as its new chairman
Conroy Gold and Natural Resources announced the appointment of John Sherman as its new chairman on Monday, following the recent passing of its founder and former chairman Richard Conroy.
Physiomics announces new modelling and data sciences manager
Physiomics announced the appointment of Mark Davies as its head of quantitative pharmacology and data science on Monday.
London open: Stocks gain as investors eye US election, rate announcements
London stocks rose in early trade on Monday as investors eyed a busy week that includes the US presidential election and policy announcements in the UK and across the pond.
Chemring wins major contracts worth £278m
Chemring Group announced two major contract wins valued at a combined £278m on Monday, through its subsidiaries Chemring Nobel in Norway and Chemring Energetic Devices (CED) in the United States.
Wizz Air reports rise in October traffic, seat capacity
Wizz Air reported a 4. 1% jump in passenger numbers for October on Monday, and an uptick in the load factor.
London pre-open: Stocks seen flat ahead of US election
London stocks were set for a flat open on Monday as all eyes turned to the US election on Tuesday and policy announcements in the UK and the US this week.
Monday newspaper round-up: Four-day week, UK energy, Apple
Fraudsters may have stolen £500,000 from a taxpayer-funded scheme aimed at accelerating the removal of dangerous cladding from buildings, the public spending watchdog has revealed. The National Audit Office said the government decision to prioritise speed in handing out money to building owners had increased its risk of losses from fraud. The warning came in an NAO report into the government’s progress in remediating dangerous cladding from blocks after the Grenfell Tower fire in 2017.