Market Report
House prices are not falling, finds Rightmove
House prices rose for the fifth month in a row in May, according to a new survey that runs counter to recent industry research based on sale completions.
Artilium buys up Digiweb's Belgium business
Telecommunications software and solutions provider Artilium announced the acquisition of the Belgian customer base of Digiweb Telecom through its wholly-owned subsidiary United Telecom on Monday, for an undisclosed sum.
Hummingbird Resources makes good progress at Yanfolila
Hummingbird Resources released a construction update from the company's Yanfolila Gold Project in Mali on Monday.
Water Intelligence signs agreement with American Pool Enterprises
AIM-listed Water Intelligence announced the signing and launch of its first formal national partnership for pool leak detection and repair between its core brand - American Leak Detection - and American Pool Enterprises.
All countries agree on oil output cut deal, Saudi Arabia's Al-Falih says
All countries taking part in the November deal to cut oil production agree on the need to extend the supply cut agreement by another nine months.
Minoan's Steward Travel swallows up Morningside
Minoan Group announced the acquisition of the business of Morningside Travel by Stewart Travel on Monday.
Bacon confident in StatPro outlook at his last AGM
Cloud-based portfolio analysis and asset pricing services provider StatPro Group updated the market on its current trading on Monday, as investors gathered for the company’s annual general meeting.
Premier Oil confirms spudding of Zama-1 exploration well
Premier Oil announced on Monday that the Zama-1 exploration well in Block 7 in the shallow water Sureste Basin, offshore Mexico, was spudded at 0630 local time on 21 May.
Europe open: Investors wait on meeting of finance chiefs, digest Spanish Socialist primaries
European markets have started the day on a mixed note with investors in a holding pattern ahead of an afternoon meeting between euro area finance chiefs to discuss the disbursement of further aid and possible debt relief for Athens.
Safestay buys U Hostels for €3m
AIM-listed Safestay announced the acquisition of U Hostels for a total cash consideration of €3m.
London open: Stocks edge up as pound loses ground on Brexit news
London stocks edged higher in early trade, helped along by weakness in the pound, which fell after Brexit Secretary David Davis warned that Britain will walk out of Brexit talks if the EU demands €100bn to leave.
AstraZeneca agrees deal to sell cardiovascular drug in Europe
Astrazeneca has sold the European rights to a hypertension and angina treatment for a sum of $300m plus royalties and a percentage of sales.
Monday newspaper round-up: Brexit talks, house prices, convenience stores
Britain has “no time to waste” in Brexit talks, Theresa May will warn as she says formal negotiations about leaving the European Union will start just 11 days after the election. The Prime Minister will tell supporters in Wales - which voted overwhelmingly to leave the European Union at the referendum – not to risk letting Jeremy Corbyn lead these talks. - Telegraph.
Vectura to present positive data for VR942 asthma treatment
FTSE 250 inhaler maker Vectura was due to present positive outcomes of its Phase I clinical study on the VR942 inhaled asthma treatment at the American Thoracic Society’s annual conference later on Monday.
HICL completes Affinity Water acquisition, announces partial offload
Listed infrastructure investment firm HICL Infrastructure Company announced on Monday that it has completed the acquisition of a 36. 6% equity interest in the various entities that comprise the Affinity Water Group, including the regulated entity, Affinity Water Limited.
London pre-open: FTSE seen higher as Trump remains in focus
London stocks were set for a firmer open on Monday, taking their cue from a mostly positive session in Asia, with investors keeping an eye on the US as Donald Trump’s inaugural trip abroad gets underway.