Market Report
Lufthansa warns on profits amid growing competition
Lufthansa cut its 2019 outlook on Monday as it warned that market-wide overcapacities and "aggressively" growing low-cost competitors are putting pressure on yields in the European short-haul market.
Bank of Georgia buys e-commerce platform extra.ge
Bank of Georgia has announced the acquisition of Georgian e-commerce platform, extra. ge, for an undisclosed sum.
Premier Technical witnesses continued sales growth and strong order levels
Niche specialist services provider Premier Technical Services Group said on Monday that it has continued to witness sales growth and strong order levels so far this year.
FairFX hails another year of 'significant' growth
E-banking and payments group FairFX said on Monday that 2018 had been "another year of significant growth", with further progress made towards its strategic goals.
Starcom pipeline grows as group progresses 'as planned'
Wireless solutions developer Starcom told investors at its annual general meeting on Monday that it had progressed "as planned", with trading in its current financial year growing in line with market expectations.
Reabold's West Newton field 'potentially' UK's biggest gas discovery in 46 years
AIM-listed investment firm Reabold Resources saw its shares surge on Monday after saying that its newest discovery at West Newton has the potential to be the UK's largest onshore gas field.
Keywords Studios CFO steps down
Keywords Studios said on Monday that David Broderick will be stepping down as chief financial officer for personal reasons.
Terveystalo taking over operations of Finland's Welfare District of Forssa
Finnish healthcare provider Terveystalo announced on Monday that it would buy the occupational health operations of the Welfare District of Forssa via an agreement signed on 17 June.
Uniphar seeking EUR 150m listing in London and Dublin
Irish pharmaceuticals wholesaler and retailer Uniphar announced its intention to raise up to €150m by placing new ordinary shares, and to seek admission of all of its shares to trading on the AIM and Euronext Growth markets of the London Stock Exchange and Euronext Dublin on Monday.
Actual Experience research quantifies cost of 'poor digital quality' in business
Analytics-as-a-service company Actual Experience published a white paper detailing the potential significant cost to businesses of “poor digital quality" on Monday, entitled ‘The Economic Consequences of an Unmeasured and Unmanaged Digital Business’.
Vast Resources reaches agreement over Heritage Diamond Concession
Vast Resources updated the market on the Heritage Diamond Concession on Monday, reporting that following a number of meetings in Harare last week between its senior management, local community leaders and the parastatal Zimbabwe Consolidated Diamond Company (ZCDC), a road map to closing the agreements that would enable the firm to mine on the concession had now been established.
London open: Stocks steady but airlines hit by Lufthansa profit warning
London stocks were steady in early trade on Monday, with airlines under the cosh after a profit warning from Lufthansa.
Tritax Big Box REIT agrees new £200m revolving credit facility
Tritax Big Box REIT has entered into a new £200m unsecured revolving credit facility with a syndicate of its relationship lenders, it announced on Monday.
AstraZeneca upbeat on latest 'Calquence' trial data
AstraZeneca announced detailed results from the interim analysis of the phase 3 ‘ASCEND’ trial on Monday, showing Calquence (acalabrutinib) significantly prolonged the time patients lived without disease progression in relapsed or refractory chronic lymphocytic leukaemia (CLL).
London pre-open: Stocks to rise as investors eye this week's Fed policy announcement
London stocks were set to rise at the open on Monday as investors looked ahead to the Federal Reserve's latest policy announcement mid-week.
Babcock rejects takeover approach from Serco, AstraZeneca upbeat on latest 'Calquence' data
London open The FTSE 100 is expected to open 11 points higher on Monday, having closed down 0. 31% at 7,345. 78 on Friday.
Monday newspaper round-up: Brexit, climate crisis, UK aerospace
Economic growth in Britain is expected to slow to the lowest levels since the financial crisis as firms run down Brexit stockpiles, according to a leading business lobby group. After a stockpiling rush this year that pumped up the rate of economic growth, the British Chambers of Commerce said growth would slow in 2020 and 2021. – Guardian.