Market Pulse
Berenberg cuts target price on Marlowe
Analysts at Berenberg slashed their target price on business-critical services and software firm Marlowe from 710. 0p to 400. 0p on Monday following the group's interim results on 5 December.
Ascent Resources taps Giles Thieffry for chairman, launches new JV
Oil and gas exploration firm Ascent Resources has tapped Gilles Thieffry to take over as non-executive chairman of the company.
Inspecs warns on FY earnings following weaker-than-expected Q4 trading
Eyewear manufacturer Inspecs warned on Monday that full-year revenue and underlying earnings were now seen lower than previous expectations as a result of weaker-than-anticipated Q4 sales.
Beijing commits to 'more proactive' stimulus measures
China's leadership committed to "more proactive" fiscal measures and a moderately looser monetary policy for 2025, it emerged overnight on Monday, in a bid to bolster domestic consumption and stabilise key markets.
Synectics set to beat profit expectations for 2024 financial year
Advanced security and surveillance specialist Synectics announced on Monday that profit before tax for the financial year ended 30 November was expected to be materially ahead of market expectations.
Orosur reports strong drilling results from Anza Project
Orosur Mining updated the market on its flagship Anzá Project in Colombia on Monday, highlighting strong drilling results and the completion of its acquisition of the project’s former joint venture partner, Minera Monte Aguila (MMA).
Asia report: Markets mixed as Beijing promises more fiscal stimulus
Markets in the Asia-Pacific region showed a mixed performance on Monday, with Hong Kong leading gains following China's announcement of “more proactive” fiscal policies and a “moderately” looser monetary stance.
Plexus confident after solid full-year performance
Wellhead service provider Plexus reported a significant improvement in financial performance for the year ended 30 June in an update on Monday.
London open: FTSE gains as investors eye Syria developments, Chinese inflation
London stocks rose in early trade on Monday as investors mulled political developments in the Middle East and the latest inflation data out of China.
Brave Bison acquires Engage Digital Partners for £10.6m
Digital advertising and technology service specialist Brave Bison Group announced the acquisition of Engage Digital Partners, a global sports marketing business, for up to £10. 6m in cash and shares over three years on Monday.
Omnicom in mega-merger talks with Interpublic - reports
Two of the biggest global advertising players, Omnicom and Interpublic, are in discussions over a $30bn merger that would create the world’s largest advertising group, it emerged on Monday.
Gunsynd reports exploration progress at Bear-Twit
Gunsynd reported significant progress at its Bear-Twit VMS project in Canada on Monday, where recent analysis of historical data revealed extensive high-grade zinc mineralisation alongside promising new exploration targets.
Greatland pours first gold under its ownership at Telfer
Greatland Gold announced significant operational progress at its recently-acquired Telfer gold-copper mine in Western Australia on Monday.
Pantheon Resources losses widen as development continues
Pantheon Resources, an oil and gas developer focused on the Kodiak and Ahpun oil fields on Alaska's North Slope, reported a total comprehensive loss of $11. 6m for the year ended 30 June on Monday, widening from $4. 6m a year earlier, primarily due to non-cash items.
MaxCyte upgrades revenue guidance after operational review
Cell engineering technology specialist MaxCyte announced upgraded revenue guidance on Monday, following an operational review under its new chief executive officer Maher Masoud.
Foresight extends share buyback by £5m
Investment manager Foresight Group announced an extension of its share buyback programme on Monday, increasing the maximum amount by £5m to £15m.
London pre-open: Stocks to edge up; central bank announcements eyed
London stocks were set to edge up at the open on Monday as investors eyed a week packed with central bank policy announcements.
Monday newspaper round-up: Job vacancies, Mike Ashley, John Lewis Partnership
Rachel Reeves plans to end the UK’s “fractious” post-Brexit accord with the EU, a relationship she said had been defined by “division and chaos”, by promising closer ties in the first speech by a UK chancellor to eurozone finance ministers since 2020. Reeves will say she wants to adopt a “business-like” approach through an “economic reset” with the EU, offering the goal of driving up trade and growth. – Guardian.