Market Report
![North Sea rig North Sea rig](https://img5.s3wfg.com/web/img/images_uploaded/a/d/north_sea_rig_150_285x185.jpg)
Premier Oil production continues to surge
Premier Oil produced more oil and at a lower cost than expected in the first four months of the year and as its new Catcher project in the North Sea comes on stream, plans to be cash flow positive for the year.
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Haydale Graphene buys 100pc of US subsidiary
Global nanomaterials group Haydale Graphene announced on Monday that it completed the acquisition of the minority equity interest it did not previously own in its US subsidiary Haydale Technologies.
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Asia report: Most markets higher after G7 meeting, Pyongyang missile launch
Markets in Asia were mostly higher on Monday, after a weekend in which trade protectionism was on the agenda as finance chiefs from the world’s seven largest economies gathered for a G7 meeting in Italy.
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Lonmin losses grow as second quarter production disappoints
After its poor mining performance continued in the second quarter Lonmin reported larger losses in the first half of the year and cut its capital expenditure, but kept its sales intact.
![WS atkins, engineering WS atkins, engineering](https://img3.s3wfg.com/web/img/images_uploaded/b/2/ws_atkins_opt_285x185.jpg)
SNC-Lavalin won't raise Atkins offer unless another suitor emerges
SNC-Lavalin said on Monday that it won't raise its offer for UK engineering and construction group WS Atkins, valuing the company at around £2. 1bn, unless another suitor emerges.
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Eco Animal Health expecting revenue, earnings well ahead of expectations
Animal health pharmaceuticals producer ECO Animal Health Group released a trading statement in relation to its results for the year to 31 March on Monday.
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Serabi Gold swings to loss in first quarter
Brazil-focussed gold mining and development company Serabi Gold released its unaudited interim financial results for the three months to 31 March on Monday, with revenue rising to $13. 17m from $11. 68m in the same period last year.
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Victoria rolls out red carpet for new hard flooring director
Flooring designer, manufacturer and distributor Victoria announced the non-board appointment of Jan Debrouwere as the group's director of business development for hard flooring on Monday, with immediate effect, reporting directly to the group's CEO Philippe Hamers.
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Footfall boost for bricks-and-mortar retailers, BRC Springboard finds
UK retailers enjoyed greater footfall in their shops in April, helped by a later Easter and the weak pound boosting tourism and staycation holidays.
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Saudi Arabia and Russia agree nine-month oil output cut deal
Saudi Arabia and Russia agreed to a nine-month extension of the supply cuts agreed to in November 2016, issuing a strongly worded statement that sparked gains in crude oil futures.
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Staffline buys Scottish recruiter Brightwork
AIM-listed Staffline has announced the acquisition of Scottish recruitment business Brightwork for an undisclosed sum.
![Gambling, gaming, betting, bookmakers Gambling, gaming, betting, bookmakers](https://img5.s3wfg.com/web/img/images_uploaded/8/3/gambling_gaming_betting_2_opt_285x185.jpg)
888 Holdings tanks as Gambling Commission launches review
Shares in online gambling group 888 Holdings tanked on Monday after it revealed that it is being investigated by the UK Gambling Commission.
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Europe open: Fresh year-to-date highs for Stoxx 600 after Merkel wins in NRW
Buying pressure from the previous week is carrying through into Monday's session following news of a strong showing for Chancellor Angela Merkel's CDU in elections in the country's most populous state at the weekend.
![Finance, graph Finance, graph](https://img2.s3wfg.com/web/img/images_uploaded/5/6/finance_285x185.jpg)
NEX Group FY revenues and profit rise
FTSE 250 financial broker NEX Group, formerly ICAP, posted a rise in profit and revenue for the year to the end of March but said activity since the start of the year has been subdued.
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London open: FTSE nudges higher as miners, energy shares gain
London stocks edged higher in early trade, supported by strength in the mining and energy sectors, although a pop higher for the pound kept gains to a minimum.
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Monday newspaper round-up: Jobs warning, deficit deceit, energy price cap
British workers should brace themselves for rising unemployment and falling real pay in the year ahead as the impact of a Brexit slowdown is increasingly felt in the jobs market, reports have warned. The era of rapidly increasing employment is over, according to the forecasting group EY Item Club, which on Monday predicted the unemployment rate will rise from 4. 7% now to 5. 4% in 2018 and 5. 8% in 2019. - Guardian.
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Mark Anderson given notice as Ultra Electronics restructures marketing
Ultra Electronics announced its board's decision to restructure the group's marketing function on Monday, with the immediate result that Mark Anderson, group marketing director, would be stepping down from the board as his role had been made redundant.
![victrex, plastics victrex, plastics](https://img4.s3wfg.com/web/img/images_uploaded/9/0/victrex_plastic_peek_285x185.jpg)
Victrex revenue and earnings strong, though H2 visibility low
High-performance polymer company Victrex posted its interim results for the six months to 31 March on Monday, with group sales volumes rising 5% year-on-year to 1,859 tonnes.
Dignity Q1 revenue up 15%, reiterates full-year expectations
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.
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Electra Private Equity collects £26m from TechInsights sale
Electra Private Equity and its investment manager Epiris announced on Monday that its portfolio company AXIO Group has agreed the sale of intellectual property and technology services provider TechInsights to Oakley Capital.