Market Report
Spanish CPI undershoots forecasts in May
Spanish inflation slowed sharply last month on the back of smaller gains in electricity and gasoline prices.
Aptitude Software to sell Microgen in £51m deal
Business software and services provider Aptitude Software Group has entered into an agreement to sell the entire issued share capital of its wholly-owned subsidiary Microgen Financial Systems (MFS) to Moscow Bidco, it announced on Thursday.
Sir Hossein Yassaie formally appointed as Frontier Smart Technologies chairman
Digital radio and smart internet-of-things (IoT) device company Frontier Smart Technologies announced on Thursday that its existing senior independent non-executive director Sir Hossein Yassaie had transitioned to, and been formally appointed as, chairman of its board.
Panthera Resources takes option to purchase 'promising' Labola Project
India and West Africa-focussed gold exploration and development company Panthera Resources has decided to move to a full option-to-purchase agreement following its successful due diligence investigation of the Labola Project in Burkina Faso, West Africa, it announced on Thursday.
De La Rue boss to depart after losing UK post-Brexit passport gig
UK banknote printer De La Rue announced on Thursday that Martin Sutherland had agreed with the Board of the company to step down as Chief Executive Officer and as a Director of the Company.
KRM22 buys Dutch risk management tech firm Object+
Risk management technology and software company KRM22 has entered into an agreement to acquire Object+ Holding, it announced on Thursday, with completion of the acquisition expected to take place within three business days of the date of signing the agreement.
Mereo BioPharma releases 'encouraging' data from setrusumab study
Clinical stage biopharmaceutical company Mereo BioPharma Group announced encouraging six-month data from the open label arm of its phase 2b dose-ranging clinical study in adults with type I, III or IV osteogenesis imperfecta (OI) treated with BPS-804 (‘setrusumab’), or the ‘ASTEROID’ study, on Thursday.
Greencoat UK Wind raises £375m through share issuance programme
Greencoat UK Wind announced the results of its initial placing and initial offer for subscription on Thursday, under its share issuance programme, which was initially announced on 2 May.
Equiniti completes technical separation of US division from Wells Fargo
Technology-led services and payments specialist Equiniti Group announced the completion of the technical separation of its EQ US division from Wells Fargo on Thursday.
Restaurant Group trading in line as it confirms CEO handover plans
Casual dining operator The Restaurant Group confirmed on Thursday that, following the appointment of Andy Hornby as its new chief executive officer on 2 May, he would join the business as CEO and be appointed to the board with effect from 1 August.
Europe open: Stocks edge up despite trade tensions, Axel Springer rockets higher
Stocks across the Continent are trading slightly higher despite the ongoing budget battle between Brussels and Rome, even as traders continue to monitor the ongoing trade war between the US and China.
TR Property looking stable amid wider market uncertainty
TR Property Investment Trust reported a 5. 8% improvement in its net asset value per share in its full-year results on Thursday, to 418. 54p.
Inmarsat partners with Airbus for massive GX network upgrade
Satellite communications giant Inmarsat announced on Thursday that Airbus Defence & Space has been selected as its satellite manufacturing partner, as part of what it called a “ground-breaking” development of its ‘Global Xpress’ (GX) network.
Imperial Brands refutes Nielsen sales estimates
Imperial Brands said on Thursday that industry figures published the day before by Nielsen showing a big drop in sales were wide of the mark.
London open: Stocks edge higher even as China claims US is 'bullying' it
Stocks were moving slightly higher on Thursday morning, with all eyes on the US central bank's number two official and what he had to say regarding the outlook for monetary policy in the world's largest economy, even as an official from China's Ministry of Commerce said that "US bullying will eventually hurt itself" and that the country "won't accept a deal that hurts its sovereignty or its pride".
London pre-open: Will fear keep winning?
Stocks are set for a slightly higher start on Thursday morning, with all eyes on the US central bank's number two official and what he has to say regarding the outlook for monetary policy in the world's largest economy.
Johnson Matthey posts decent rise in profits, Inmarsat picks Airbus as manufacturing partner
London open The FTSE 100 is expected to open 15 points higher on Thursday, having closed down 1. 15% at 7,185. 30 on Wednesday.
Thursday newspaper round-up: Aveva, Trainline, Populists
Aveva looks set to break into the FTSE 100 after the industrial software developer’s combination with a French rival helped to boost annual earnings by a fifth. The Cambridge-based software-maker is on course to replace Easyjet in the index of Britain’s biggest publicly listed companies after its union with Schneider Electric in March last year. It would become the third software company in the top 100 after Sage and Micro Focus. - The Times.
Bonds: US yield curve inverts further, analysts question BoE forecasts for hike
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.