Market Report
FTSE 250 movers: Sophos boosted by global cyber attack; energy shares gain
London's FTSE 250 was flat at 19,764. 63 in afternoon trade, with miners and oil stocks on the rise.
FTSE 100 movers: Miners shine but TUI drops on results
London's FTSE 100 was up 0. 1% to 7,444. 00 in afternoon trade, with miners and oil stocks lending a hand.
K&C says Osprey portfolio outperforming expectations
Residential real estate investment trust group K&C REIT updated the market on its trading and operations in its Osprey portfolio on Monday, after its “active management” in the first 12 months of ownership of the residential portfolio.
Spain calls for revamp of euro area economic architecture
Madrid joined France's call for "a true economic government" in the euro area, saying the recent recession had revealed a need for a well-structured plan and not just short-term solutions.
Results round-up
Dignity reported a 15% jump in revenue for the first quarter as underlying profit and the number of deaths rose and the company reiterated its full-year expectations.
Petropavlovsk founder Hambro to step down to NED role
Following objections by a group of shareholders, Petropavlovsk announced that founder Peter Hambro would step down as executive chairman of the London-listed Russian gold miner.
Empire State manufacturing index slips in May
Manufacturing activity in the New York Fed's jurisdiction cooled perceptibly in May amid sharp falls in gauges for new and unfilled orders.
Cyber security stocks Sophos, NCC rally
Cyber security companies Sophos and NCC rallied on Monday on the back of the WannaCry ransomware attack which started to spread on Friday, hitting the NHS, Renault, Nissan and scores of other organisations across the globe.
Broker tips: Gemfields, Dignity, Ibstock
Analysts at Macquarie sounded a positive note on Gemfields's stock despite what it said was the short-term issue of lower grade production.
London midday: Stocks maintain small gains as oil, metals prices rally
London stocks were still a touch higher by midday on Monday, underpinned by strength in the mining and energy sectors as the FTSE hit a fresh intraday high, although a firmer pound kept a cap on gains.
Macquarie lowers Gemfields target, eyes potential upcoming catalysts
Analysts at Macquarie sounded a positive note on Gemfields's stock despite what it said was the short-term issue of lower grade production.
Investec upgrades Dignity to 'buy' on strong Q1
Investec upgraded funeral provider Dignity to 'buy' from 'hold' following the company's first-quarter update, in which it reported a 15% jump in revenue as deaths rose 7%.
Mortice expecting earnings well above forecasts
Security and facilities management company Mortice updated the market on its trading for the 12 months to 31 March on Monday, saying that due to the “strong” performance of the combined existing and acquired businesses, the financial results for the year were expected to be “materially ahead” of current market expectations.
Royal Mail promotes Stuart Simpson to role of CFO
Royal Mail has promoted group finance director Stuart Simpson to the role of chief finance officer.
Atlantia makes €16.3bn bid for Spain's Abertis
Italian toll roads and infrastructure company Atlantia has made a €16. 3bn cash-and-share offer for Spanish rival Abertis.
Consensus too conservative on Ibstock, Barclays says
Consensus is too conservative on Ibstock, analysts at Barclays said, reiterating their 'overweight' recommendation on the shares with an improved target price of 285. 0p.
EU launches probe into Aspen Pharma cancer drug pricing
European regulators have launched a formal investigation into Aspen Pharmacare over concerns that the South Africa company has been engaged in 'price gouging' over several of its life-saving cancer medicines.
Portugal GDP growth accelerates to 2.8% in first quarter of 2017
Portugal's economy hit its stride at the start of the year with activity expanding its fastest clip since the last quarter of 2007.
TUI cruises confidently despite larger first half losses
Thomson travel owner Tui remains confident it can grow underlying earnings 10% this year even though seasonal losses grew in the first half.
US pre-open: Stocks seen touch higher as oil prices rally
US futures pointed to a marginally higher open on Wall Street as oil prices rallied after Russia and Saudi Arabia agreed to do whatever it takes to keep a floor under prices and extend the production freeze.