Market Pulse
Supreme buys Typhoo Tea for £10.2m
AIM-listed Supreme confirmed on Monday that it has bought Typhoo Tea out of administration for £10. 2m in cash.
K3 Business Technology proposes sale of NexSys Solutions arm
K3 Business Technology has proposed the sale of its NexSys Solutions unit to Advent-backed software firm SYSPRO for £36. 0m.
Brooks Macdonald expands in East Anglia with Lucas Fettes acquisition
Brooks Macdonald Group announced the completion of its acquisition of Lucas Fettes Financial Planning, a Norwich-based financial planning provider, on Monday.
UK manufacturing output falls to nine-month low
UK manufacturing activity fell to a nine-month low in November as new orders fell, according to a survey released on Monday.
Boohoo repays £50m of its £97m term loan
Boohoo Group announced the repayment of £50m from its £97m term loan on Monday, as part of its recently completed refinancing arrangements.
Asia report: Markets rise as China's manufacturing activity expands
Asia-Pacific markets advanced on Monday as investors turned their attention to key economic readings across the region, buoyed by strong data out of China and Australia.
Topps Tiles hits back after MS Galleon criticism
Topps Tiles hit back on Monday after its largest shareholder MS Galleon criticised the tile specialist for a series of "costly blunders" and called on the board to overhaul its senior management and strategy.
Metals Exploration makes takeover bid for Condor Gold
Condor Gold said on Monday that it has received a non-binding takeover offer from AIM-listed group Metals Exploration.
Review could see UK data releases return to mid-morning
The UK government is poised to decide early next year whether to shift the release of key economic data to within financial market hours, it emerged on Monday, in response to concerns from traders and market participants over volatility caused by the current pre-market timing.
RBC Capital downgrades Persimmon, Vistry
RBC Capital Markets upgraded Barratt Redrow and Crest Nicholson on Monday but downgraded Persimmon and Vistry as it took a look at UK housebuilders.
Pulsar Group sells most of its Trailight stake
Pulsar Group announced the sale of most of its 21% stake in TrackRecord Holdings, the parent company of compliance management firm Trailight, for £1. 4m in cash on Monday.
BATM receives $2.4m Edgility order
Technology firm BATM Advanced Communications has received an order from an unnamed Tier 1 communications service provider for its Edgility platform.
London open: Stocks steady as investors mull UK house prices, French politics
London stocks were flat in early trade on Monday as investors mulled a jump in UK house prices, encouraging Chinese manufacturing data and political instability in France.
Citi reiterates 'buy' rating on BAE Systems
Citi reiterated its ‘buy’ recommendation on BAE Systems on Monday after the shares slumped on Friday on the back of a downgrade by Bank of America Merrill Lynch.
International Public Partnerships performs steadily, reaffirms dividend target
Infrastructure investor International Public Partnerships (INPP) reaffirmed its 2024 dividend target of 8. 37p per share in a portfolio update on Monday, making for a 3% increase from 2023 and maintaining its record of annual dividend growth since its 2006 initial public offering.
London pre-open: Stocks seen flat as investors mull Nationwide data, China PMI
London stocks were set to kick off the final month of the year steady, as investors mulled a jump in UK house prices and encouraging Chinese manufacturing data.
Monday newspaper round-up: Zuber Issa, Thames Water, BAE Systems
There is “no route to net zero” that ignores the real concerns of businesses, a cabinet minister has warned, as the government prepares to reduce financial penalties handed to carmakers not selling enough electric cars. Ministers are also looking at how cheaper loans could be introduced to help people buy an electric vehicle (EV), after a wave of job losses and closures in which carmakers blamed the onerous fines they were facing. – Guardian.
UK private sector braced for tough start to 2025 - CBI
UK companies expect 2025 to get off to a poor start, an industry survey showed on Monday, weighed down by rising labour costs and weak sentiment.