Market Report
Superdrug profits drop in 'challenging times', but sales rise
Profits at Superdrug fell last year amid "challenging times", but revenues at the retailer rose on the back of new store openings and as the hot summer boosted sales.
UK property demand may be 'breaking through', says report
House prices in England and Wales returned to annual growth with a 0. 3% rise in May as foreign buyers returned to the property market and demand may be beginning to break through, according to a report released on Monday.
US Chamber of Commerce pushes for end to trade war
The US Chamber of Commerce called on the Trump administration to stop its trade war against China, pointing to an estimated $1trn in costs over the next decade as its main argument.
Global equities will end the year higher - Credit Suisse
Credit Suisse believes equity markets will end the year higher, despite a range of global tensions continuing to weigh on equities.
Airbus and Virgin ink $4.15bn deal for new A330s
Airbus has clinched a deal valued at around $4. 15bn at list prices to sell eight A330neo wide-body passenger jets to Virgin Atlantic with an option for six more.
Huawei will cut production by $30bn as international sales slide
The founder of Huawei said the company will slash its production by $30bn over the next two years as a result of the restrictions placed by the US on the Chinese telecoms giant.
Labour costs rise across the eurozone
Eurozone labour costs increased in the first quarter, as wage growth picked up across the bloc, official data showed on Monday.
US pre-open: FOMC meeting in focus, Wilbur Ross downplays chances of major deal
Wall Street futures were tracking slightly higher ahead of the open on Monday, with investors looking ahead to a key meeting of the Federal Reserve later in the week even as the upcoming G-20 leaders' summit in Japan loomed ever closer.
London midday: Stocks tick lower ahead of central bank announcements; airlines in the red
London stocks were a touch lower by midday on Monday as traders kept their powder dry at the start of a week that's jam-packed with central bank policy announcements.
Europe midday: Stocks edge higher ahead of central bank decisions
Stocks have started the week on the front foot, with investors looking out to a spate of central bank policy decisions over the next few days, including in the US, UK and Japan.
Kier to cut 1,200 jobs as it looks to make annual savings of £55m
Construction group Kier will cut about 1,200 jobs as it looks to reduce debt and deliver annual cost savings of around £55m from 2021.
Asia report: Markets mixed as investors turn to next Fed meeting
Markets in Asia were in a mixed state on Monday, as investors held their breath ahead of the next Federal Reserve meeting in the US, and continued to react to disappointing industrial data out of China on Friday.
Eurasia Mining applies for new exploration license area at Tipil
Palladium, platinum, iridium, rhodium and gold production company Eurasia Mining reported on Monday that an application for a new exploration license area, Tipil, adjacent the current West Kytlim mining license, had been lodged for approval.
Staffline shares tumble as it scraps dividend, plans capital raising
Recruiter Staffline saw its shares tumble on Monday as it scrapped its dividend and announced plans to raise £37m to reduce debt.
BATM launches new network technology in partnership with NXP Semiconductors
Real-time networking and medical laboratory systems provider BATM Advanced Communications has developed a new technology under its long-standing partnership with NXP Semiconductors, to enable a “significant increase” in network traffic without requiring an increase in computing power when licensing its ‘NFVTime’ product on certain NXP processors built on ARM core technology, it announced on Monday.
Jangada makes good progress with proposed sale of Pedra Branca
Natural resources company Jangada Mines updated the market on the proposed sale of Pedra Branca do Brasil Mineracao - the entity that holds Pedra Branca - to the TSX-V listed ValOre Metals Corporation on Monday.
Audioboom agrees $4m special purpose vehicle to secure 'top talent'
Podcast production and distribution company Audioboom has agreed a new content funding facility with SPV Investments - a special purpose vehicle (SPV) which has been established and is owned equally by Michael Tobin, the company's chairman, and Candy Ventures, the firm’s largest shareholder, it announced on Monday.
Deutsche Bank looks to form 'bad bank' as part of serious overhaul
Deutsche Bank will form a "bad bank" as part of a serious overhaul of its operations as chief executive Christian Sewing looks to turn the German lender away from investment banking.
Intosol shares slide despite double-digit increase in Q1 bookings
Luxury travel company Intosol saw its shares slump on Monday morning despite witnessing a double-digit increase in bookings at its boutique hotels during the first quarter of its trading year and predicting that its new business model would lead to higher margins over the remainder of the year.
Petro Matad's loss almost doubles on higher exploration costs
Mongolia-focused oil explorer Petro Matad on Monday reported that its annual loss almost doubled, though the drilling of two exploration wells was completed on schedule and within budget.