Market Report
Futura Medical sees 'good progress' despite regulatory delays
Pharmaceutical company Futura Medical told investors at its annual general meeting on Monday that it had continued to make "good progress" in developing and commercialising its pipeline of product opportunities despite regulatory delays to the advancement of its pain relief gel.
Regional REIT raising £50m to take advantage of 'substantial pipeline'
Regional real estate investment firm Regional REIT announced the proposed issue of further ordinary shares on Monday, to raise gross proceeds of around £50m.
Lloyds cracks down on laundering by freezing 8,000 Jersey accounts
Lloyds Banking Group has reportedly frozen 8,000 Jersey-based offshore bank accounts following a crackdown on money laundering, with the account holders having failed to prove their identities.
600 Group buys out US laser specialist Control Micro Systems
Industrial engineering company 600 Group announced the acquisition of US-based Control Micro Systems (CMS) on Monday, which it described as an “industry-leading solutions provider” for integrated laser applications.
RA International score government contract as revenue backlog tops $150m
RA International has been awarded a Government contract worth as much as $9m that will see the firm provide construction and facilities management services over the next three years.
Porvair posts positive growth in first six months
Specialist filtration and environmental technology company Porvair announced a 21% improvement in revenue in its half-year results on Monday, to £72m, or 17% on a constant currency basis.
AFC Energy raises almost £1.1m via subscription
Alkaline fuel cell power company AFC Energy has raised £1. 066m before expenses by way of subscription for 22,214,584 ordinary shares at a price of 4. 8p each, it announced on Monday.
Morses Club acquires current account provider U Holdings
Doorstep lender Morses Club acquired digital current account provider U Holdings on Monday for up to £10. 8m.
German business confidence drops to near 5-year low in June
German business confidence fell again in June, to a near five-year low, according to a widely-followed survey released on Monday.
Velocity Composites board changes disrupted by founders
Advanced composite material kit supplier Velocity Composites updated the market on its process to reconstitute the board on Monday, after a “disappointing” series of events instigated by the company’s founders.
Velocity Composites makes good progress despite board woes
Advanced composite material kits supplier Velocity Composites reported a 5. 3% improvement in revenue in its interim results on Monday, to £12. 2m.
Carrefour to sell 80% stake in Chinese business
Carrefour has agreed to sell an 80% stake in its China business to Chinese retailer Suning. com for €620m.
OptiBiotix Health signs North America manufacturing deal with Agropur
OptiBiotix Health has entered into a manufacturing, supply and distribution agreement with Agropur, it announced on Monday.
Regency Mines hires Nigel Burton as chairman amid reshuffle
Natural resource exploration and development firm Regency Mines has appointed industry veteran Nigel Burton as its next non-executive chairman.
London open: Stocks edge up amid ongoing US-Iran tensions, ahead of G20
London stocks rose in early trade on Monday but gains were muted amid lingering tensions between the US and Iran, and as investors eyed this week's G20 meeting.
Citi starts Melrose Industries at 'buy'
Citi initiated coverage of Melrose Industries with a 'buy' rating and 220p price target on Monday, saying it "uniquely" offers investors an opportunity to invest in a FTSE 100 company with "a consistent track record as an industrials turnaround specialist".
Civitas sees property value jump 60pc, OptiBiotix signs deal for North America manufacturing
London open The FTSE 100 is expected to open 12 points higher on Monday, having closed down 0. 23% at 7,407. 50 on Friday.
London pre-open: Stocks seen lower amid ongoing US-Iran tensions
London stocks were set for a negative open on Monday amid lingering tensions between the US and Iran, as investors eyed this week's G20 meeting.
Monday newspaper round-up: Brexit, Aston Martin, mobile operators, RBS
Most forms of Brexit will worsen the country’s finances and reduce space for new initiatives to address child poverty, social care and left-behind communities that some argue drove the Brexit vote, a report has found. Academics at the UK in a Changing Europe thinktank found a positive outcome depended on politicians being able to move on from the Brexit impasse and focus on longer-term challenges including productivity, regional imbalances and democratic reform.