Market Report
US close: Markets move higher as dollar remains weak
Commodity-related issues buoyed the main Wall Street averages on Monday as the US dollar continued to trade on the backfoot.
FTSE 250 movers: Ferrexpo flies to the front, Senior creaks
The FTSE 250 had gained 0. 5% by late Monday as miners climbed on the back of encouraging moves in metals prices.
FX round-up: Sterling in 'sea of red' after Tory wobble
Sterling was amid a sea of red as Tory-renewed fears of a hard Brexit came to the fore and the party did a U-turn on its so-called 'dementia tax,' all while Labour accelerated in the election polls.
Europe close: Stocks drift lower amid renewed gains for the euro
Renewed gains for the single currency dampened sentiment in European stockmarkets ahead of a meeting of euro area finance chiefs scheduled for the evening to discuss the disbursement of further aid and possible debt relief for Athens.
London close: FTSE 100 jabs higher as retail rebounds, sterling weakens
Equities in London went for a jog higher on Monday, helped mostly by rebounding retail stocks and sterling weakness, the latter on the back of UK political turmoil surrounding the election and Brexit coming to the fore.
Tuesday preview: Severn Trent, eOne, Shaftesbury, Aveva
In a fairly quiet day for economic data, between the latest election campaign u-turns and soundbites grab the headlines, companies scheduled to report results include water company Severn Trent and Peppa Pig producer Entertainment One.
Deutsche Bank cuts targets on UK aerospace&defence names on pound strength
Analysts at Deutsche Bank trimmed their earnings per share estimates and target prices for UK aerospace and defence names in light of the recent strength in the pound.
BP restarts North Sea production at Schiehallion
Schiehallion oilfield off Shetland in the North Sea has begun producing oil for BP and partners including Shell for the first time since it was shut down for refurbishment in 2013.
BP restarts North Sea production at Schiehallion
Schiehallion oilfield off Shetland in the North Sea has begun producing oil for BP and Shell for the first time since it was shut down for refurbishment in 2013.
Commodities: Oil prices continue to froth on Opec curb hopes
Crude-oil futures began the week as they left off on Friday, frothing higher on market hopes of Opec extending its output curbs when it meets later this week.
Euro too cheap, Germany's Merkel says
Europe's single currency is too cheap, German Chancellor Angela Merkel said, helping to send the greenback to its lowest levels since early October.
FTSE 100 movers: Intertek boosted by Kepler note; Micro Focus slumps
London’s FTSE 100 was up 0. 4% to 7,500. 38 in afternoon trade, with brokers notes providing much of the action on Monday.
US open: Commodity stocks pace gains as dollar slide continues
Commodity-related issues buoyed the main Wall Street averages as the US dollar continued to trade on the backfoot.
Horizon Discovery gains exclusive rights to 'novel' gene editing tech
Gene editing technology company Horizon Discovery Group announced on Monday that it had gained exclusive worldwide rights to use a “novel transposon-based technology platform” that would broaden its gene editing capabilities.
Corero client GTT launches DDoS mitigation service
Corero Network Security updated the market on its recent Tier 1 internet service provider customer win on Monday, confirming that its customer - GTT Communications - had now launched its DDoS mitigation service.
Aquatic Foods Q1 profit drops 8.4% as input costs rise
AIM-listed Chinese marine foods and seafood processor and producer Aquatic Foods Group reported an 8. 4% decline in gross profit for the first quarter as a result of rising input costs, while revenue was broadly flat.
Rio Tinto to cut debt with $2.5bn bond buyback
Miner Rio Tinto has announced a new bond buyback of up to $2. 5bn to further reduce gross debt.
Active Energy enters agreement with Province of Newfoundland and Labrador
International renewable energy, forestry management and timber processing business Active Energy announced on Monday that it entered into an agreement in principle with the Province of Newfoundland and Labrador in Canada that, if finalised, would provide the company and its affiliate, Timberlands International, with a Crown timber licence and forest management agreement relating to two Forest Management Districts covering 1. 2 million hectares.
Two biotech companies take rights to Avacta reagents
Affimer biotherapeutics and research reagent developer Avacta Group announced that two unnamed leading US biotech companies had separately taken exclusive rights to Affimer reagents for research and development use, to support their respective drug development programmes.
BTG trial shows safety and efficacy of pulmonary embolism device
Healthcare company BTG said on Monday that its EKOS combination therapy device for pulmonary embolism is effective over a much shorter period and at safer thrombolytic doses far below the current standard, which will allow for scheduling flexibility and efficiencies in clinician time and drug costs.