Market Report
New Look issues profit warning, outlines restructuring plans
Struggling fashion retailer New Look issued a profit warning on Monday and announced a debt-for-equity swap with its bondholders as it looks to slash debt.
Ophir board rejects proposed Medco offer
Ophir Energy has rejected a possible takeover offer by PT Medco Energi Global as the board feels it undervalues the company's shares.
Premier Oil drops on Chevron funding speculation
Shares in Premier Oil dropped on Monday after reports that the explorer was looking to drum up cash for some major asset acquisitions.
Be Heard says full year will be in line with market expectations
Digital marketing services group Be Heard said on Monday that its full-year performance will be in line with market expectations following a "marked" improvement in adjusted earnings in the second half of the year.
Gamma Communications EBITDA set for 'top range' of expectations
Gamma Communications expects full-year EBITDA to be at the top of the range of market expectations as a result of a continued solid performance in the UK.
PageGroup Q4 profit rises, full-year profit seen in line with consensus
Recruiter PageGroup was under the cosh on Monday as it posted record profit for the fourth quarter, but only modest growth in the UK and a slowdown in China.
Revolution Bars warns on profits despite solid festive performance
Revolution Bars warned over full-year profit on Monday despite a solid performance over the Christmas period.
Pantheon Resources to buy holding in Vision firms from Kaiser Francis
Oil and gas exploration company Pantheon Resources announced on Monday that it has reached agreement with Kaiser Francis and associated limited partners (KF) to acquire KF's 66. 6% ownership of Vision Gas and Vision Resources, including its working interest in the VOS#1 well of 33. 3% and associated Tyler County acreage.
Kromek losses widen but margins improve
Detection technology supplier Kromek saw losses widen in the first half of its trading year despite improving margins and narrowing costs throughout the period.
Verona Pharma shares plunge on latest drug trial results
Verona Pharma shares were well into the red on Monday, after the clinical-stage biopharmaceutical company announced top-line data from its latest trial of RPL554, failing to reach its primary endpoint.
London open: Stocks retreat after China data as investors eye Brexit vote
London stocks fell in early trade on Monday following the release of disappointing Chinese trade data, as investors eyed the latest Brexit-related headlines ahead of this week's Commons vote.
Dechra delivers 'above market' revenue growth in first half
Dechra Pharmaceuticals updated the market for the half year ended 31 December on Monday, reporting that trading was “strong” and in line with management expectations.
ITM Power moves into Australia with new electrolyser sale
Energy storage and clean fuel company ITM Power has inked a deal that will see it send four 250kW electrolyser systems to three different customers across Australia.
JD Sports picks up speed in second half
Sales growth picked pace over Christmas around the world at JD Sports Fashion, with the retailer encouraged by the performance in the US as it integrates its Finish Line acquisition.
Monday newspaper round-up: Brexit, banks, Debenhams, AA, PatVal
Theresa May will make one final appeal to the Commons to pass her Brexit deal, amid speculation among many Conservative MPs that the expected defeat could spark a cross-party plan or moves to oust the prime minister. May is to start her most crucial week as prime minister with a speech at a factory in Stoke-on-Trent, where more than two-thirds of people voted to leave the EU. - Guardian.
London pre-open: Stocks seen lower after weak China data; Brexit in focus
London stocks were set to drop at the open on Monday following the release of disappointing Chinese trade data, as investors eye the Commons vote on Theresa May's Brexit deal.
JD Sports speeds up, Acacia beats guidance
London open Traders expect the FTSE 100 is expected to fall by around 26 points on Monday, having finished last week at 6,918. 18.