Market Report
Drilling programme to start at Mahenge Liandu, says Armadale
Natural resources investment company Armadale Capital announced an update on its 2017 exploration programme at its Mahenge Liandu Graphite Project in Tanzania on Monday.
BC Partners and Pollen Street sweeten offer for Shawbrook
Marlin Bidco, the buyout vehicle set up by BC Partners and Pollen Street Partners, has upped its offer for Shawbrook Bank.
FTSE 100 movers: Old Mutual rallies as rand recovers; Antofagasta slides
London's FTSE 100 was down 0. 3% to 7,525. 67 in afternoon trade as the pound ticked up on the back of the latest election poll.
FTSE 250 movers: Challenger banks rally; Kaz hit by downgrade
London's FTSE 250 was down 0. 6% to 19,884. 53 in afternoon trade.
Poll predicts May's Tories to fall short of majority, markets prefer other poll
Two new opinion polls on Monday showed a continued wide divergence of predictions just three days ahead of the general election.
Broker tips: Wolseley, Tate&Lyle, Bovis Homes
JPMorgan Cazenove upgraded building materials distributor Wolseley to 'overweight' from 'neutral' and lifted the price target to 5,600p from 4,960p pointing to scope for US earnings upside and a structural case for multiple expansion.
Deutsche Bank upgrades Bovis Homes, lifts target price
Analysts at Deutsche Bank upgraded their recommendation on Bovis Homes from 'hold' to 'buy' on expectations that the company would succeed in improving its returns on capital and what they believed was potential significant upside to its dividend policy.
London midday: Stocks turn lower as pound gains on ICM poll
London stocks had fallen into the red by midday as services data disappointed and the pound gained ground after the latest poll suggested the Tories have an 11-point lead over Labour ahead of Thursday's general election.
Stay defensive, strategists at JP Morgan say
Strategists at JP Morgan recommended clients stick to a defensive stance, referencing the risk of a sharp correction in US stocks, a phase of significant de-risking in Chinese assets and the possibility that Italian political risks might come to the fore sooner than expected.
D.R. Horton offers to buy 75% of Forestar, trumps Starwood price
US housebuilder D. R. Horton has offered to buy 75% of real estate development company Forestar for $16. 25 per share.
Sponda surges on Blackstone offer
US private equity firm Blackstone has made a €1. 76bn bid for Finnish property group Sponda.
ECO Animal Health hen treatment approved in Malaysia
ECO Animal Health Group announced on Monday that its subsidiary, ECO Animal Health Limited, had received a marketing authorisation from the National Pharmaceutical Regulatory Agency of Malaysia for the use of Aivlosin 625 mg/g water soluble granules in chickens laying eggs for human consumption.
Velocys picks IHI E&C for biomass-to-liquids plant
Smaller scale gas-to-liquids company Velocys announced on Monday that it selected IHI E&C International to carry out the pre-FEED engineering for its first biomass-to-liquids (BTL) plant.
Somero Enterprises 'pleased' with growth
Somero Enterprises updated the market on its trading on Monday, ahead of the annual general meeting to be held on Tuesday.
Asia report: Most markets finish Monday lower
Markets in Asia were mostly lower on Monday, as oil prices gained sharply on the news four countries had broken off diplomatic relations with Qatar.
Europe midday: Stocks drift lower as strategists sound cautious note
European stocks continued to trade slightly lower come midday, as traders digested the latest geopolitical news, including the tragic events in London at the weekend, amid caution from some top-ranked strategists.
US pre-open: Stocks seen touch lower as investors eye services data
US futures pointed to a marginally weaker open on Wall Street on Monday as investors eyed the release of some key services data.
Numis upgrades Tate&Lyle, recommends keeping wary eye on NAFTA reform
Analysts at Numis hailed Tate&Lyle's full-year results for the latest fiscal year, bumping up their target price from 849p to 882p in the process, even as they cautioned about the potential negative impact the renegotiation of NAFTA might have.
UK service sector activity slows more than expected in May
Activity in the UK services sector slowed more than expected in May, according to the latest survey from IHS Markit and CIPS.
Europe open: Stocks mixed despite positive economic data
European stocks are trading slightly lower in early trading, amid losses for Basic Resource shares and Banks as traders digest the latest geopolitical news, including the tragic events in London at the weekend.