Market Report
Dillistone performing below expectations as it develops new product
Recruitment industry software supplier Dillistone Group updated the market on its trading and its new product under development on Monday, ahead of its annual general meeting to be held on 7 June.
Porvair makes 'good progress' in first half
Specialist filtration and environmental technologies group Porvair updated the market on its trading on Monday, ahead of the publication of its interim results for the six months to 31 May 2017, scheduled for 27 June.
PowerHouse Energy enters £0.5m partnership
Ultra-high temperature gasification waste-to-energy systems provider PowerHouse Energy Group announced a collaboration agreement with an unnamed UK partner involved in the development of energy and waste projects on Monday.
JPMorgan upgrades Wolseley to 'overweight'
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.
Eurozone business activity steady in May
Business activity in the eurozone was steady in May, according to data released on Monday.
Russia's Polyus Gold eyes London return and top-four status
Russia's largest gold miner Polyus Gold has announced its return to the London Stock Exchange after delisting in 2015 amid sanctions imposed by the West over Russia's annexation of Crimea.
WPP buys digital transformation agency The Cocktail
WPP's global digital agency Wunderman has acquired digital transformation consultancy, The Cocktail, in Spain.
Cape sees FY 'materially ahead' of expectations
Cape announced new contracts wins on Monday as it said it expects full-year results to be "materially ahead" of previous expectations following strong trading, although its view on 2018 was a little more cautious.
Royal Mail sells Nine Elms plots to Greystar, Telford Homes to build
Royal Mail has agreed to sell two of the seven plots on the site of its former south London mail centre at Nine Elms site to US-based developer Greystar for £101m cash, which has appointed AIM-listed Telford Homes to deliver 894 build-to-rent homes.
London open: Stocks edge higher as oil prices gain amid Gulf rift
London stocks nudged higher in early trade, helped along by rising oil prices.
BBA Aviation CEO Pryce disembarks after 10 years
BBA Aviation chief executive Simon Pryce has stepped down after 10 years at the aviation support services provider, with non-executive director Wayne Edmunds taking the role on an interim basis until a permanent successor is found.
Monday newspaper round-up: Rate sensitivity, manufacturers, cars, sugar war
One in 25 businesses, or nearly 80,000 enterprises, would struggle to handle an increase in interest rates of as little as a quarter of a percentage point, according to research by the insolvency trade body, in the clearest sign yet of the fragile state of corporate balance sheets. It is thought that some 79,000 businesses would be unable to repay their debts if rates were to rise, four times as many as in September when the Association of Business Recovery Professionals, or R3 as it is known, conducted a similar survey.
AstraZeneca releases positive results for breast cancer treatment
AstraZeneca presented positive results from its Phase III OlympiAD trial on Monday, which showed a “statistically significant” and “clinically meaningful” improvement in progression-free survival for BRCA-mutated metastatic breast cancer patients treated with Lynparza (olaparib) tablets - 300mg twice daily - compared to treatment with physician's choice of a standard of care chemotherapy.
Wizz Air passenger numbers up 22% in May
Central and Eastern European-focused low-cost airline Wizz Air reported a rise in passenger numbers for May.
London pre-open: Stocks expected to edge higher
London stocks were set for a slightly firmer open on Monday despite the terror attack in London over the weekend.