Market Pulse
Broker tips: XPS Pensions, John Wood Group
RBC Capital Markets lifted its price target on XPS Pensions on Monday to 395. 0p from 355. 0p ahead of first-half results.
London close: Stocks mixed ahead of UK inflation data
London's financial markets delivered a mixed performance on Monday, as traders digested fresh housing market data and braced for upcoming catalysts, including Nvidia's earnings and the latest UK inflation figures.
Director dealings: McBride chairman raises stake
McBride revealed on Monday that chairman Jeff Nodland had acquired 50,000 ordinary shares in the London-listed manufacturer.
US open: Stocks mixed following last week's heavy losses
Wall Street trading got off to a mixed start on Monday after major indices turned in their worst weekly performance in two months last week.
NAHB housing market index rises to 46 in November
The National Association of Home Builders/Wells Fargo housing market index rose to 46 in November, up from 43 in October.
FTSE 100 movers: Melrose surges on results, HSBC in the black
London’s FTSE 100 was up 0. 2% at 8,081. 95 in afternoon trade on Monday.
Most Microlise customer systems back up after cybersecurity incident
Microlise Group provided a final update on Monday, on the cybersecurity incident first disclosed on 31 October.
RBC Capital lifts XPS Pensions price target
RBC Capital Markets lifted its price target on XPS Pensions on Monday to 395p from 355p ahead of first-half results.
ValiRx subsidiary makes first sale
ValiRx, a life science company focussed on early-stage cancer therapeutics and women's health, announced the first sale from its wholly-owned subsidiary Inaphaea BioLabs on Monday.
Spirit Airlines files for Chapter 11 bankruptcy protection
Budget carrier Spirit Airlines has filed for Chapter 11 bankruptcy protection as it looks to restructure its debt after merger talks with Frontier collapsed.
Powerhouse Energy division awarded Australian FEED contract
Powerhouse Energy announced on Monday that its engineering consultancy division Engsolve has been awarded a £0. 35m front-end engineering design (FEED) contract by National Hydrogen for a project in Western Australia.
US pre-open: Futures mixed as investors await Q3 retail earnings
Wall Street futures were mixed ahead of the bell on Monday as investors awaited more Q3 earnings reports.
Greatland Gold positive after 'transformative' year
Greatland Gold reported a ‘pivotal period’ in its final results on Monday, driven by the acquisition of the Havieron gold-copper project and Telfer gold-copper mine from Newmont Corporation.
Boku launches buyback of up to four million shares
Payment technology specialist Boku announced the start of a share buyback programme on Monday, involving the repurchase of up to four million shares, representing about 1. 31% of its issued common stock.
Shein planning £50bn London listing early next year - reports
Singapore-domiciled Chinese fast fashion giant Shein is preparing for a highly anticipated initial public offering on the London Stock Exchange in early 2025, it was reported on Monday, targeting a valuation of £50bn.
B&M to issue £250m in senior secured notes
B&M European Value Retail announced plans to issue £250m in sterling-denominated senior secured notes on Monday, due 2031, to repay its existing senior secured notes maturing in 2025.
Sirius Real Estate upbeat after first half
Sirius Real Estate reported a 14. 5% rise in funds from operations (FFO) to €60. 7m in its half-year results on Monday, supported by a strong operational performance.
Segro offer for Tritax EuroBox lapses
Segro confirmed on Monday that its all-share offer to acquire Tritax EuroBox has lapsed after failing to meet key conditions by the specified deadline.
Berenberg lowers target price on John Wood
Analysts at Berenberg slashed their target price on engineering and consulting business John Wood Group from 150. 0p to 60. 0p on Monday, stating an independent review into its projects business had created "substantial uncertainty".
Polar Capital reports solid first half
Polar Capital reported a strong first-half financial performance on Monday, driven by a 4% increase in assets under management (AuM) to £22. 7bn, up from £21. 9bn at the end of March.