Market Report
Office chain to close 100 stores as it plans CVA
The shoes chain Office owned by Truworths International is set to close 100 stores in the UK and hired advisers to draw up plans for a voluntary arrangement for restructuring.
UK economic growth stalling - survey
The British economy struggled in the second quarter, a survey showed on Monday, as Brexit and increasingly tougher global conditions held back growth.
London close: Stocks jump in the wake of G20 trade truce
London's top flight index extended its recent gains on Monday as the pound was hit by weak manufacturing data and sentiment was boosted by the Sino-US trade truce reached over the weekend.
Northamber soars after selling Surrey warehouse for £16.4m
Northamber's shares rocketed on Monday after it confirmed it had exchanged contracts on the sale of its 80,000 square foot warehouse facility in Weybridge, Surrey to OXW Catalina Limited for £16. 4m.
Director dealings: Kingswood chairman's wife acquires shares for trust
Kingswood Holdings revealed on Monday that Farmilon Investment, of which chairman Buzz West's wife Lena was a beneficiary, had purchased 1. 35m ordinary shares in the wealth planning and investment management company.
Berenberg stays at buy on Hurricane Energy after Warwick Deep
Analysts at Berenberg reiterated their 'buy' recommendation for shares of Hurricane Energy despite the disappointing the results of its Warwick Deep well on Monday, arguing that what most mattered for the oil explorer were its assets at the Lancaster field.
Broker tips: AB Dynamics, Hurricane Energy
In Liberum's eyes, the acquisition of rFpro, a developer and provider of simulation software, for an initial cash consideration of £18. 1m and £3. 5m contingent was an "excellent strategic acquisition" for AB Dynamics, which designs, manufactures and supplies advanced testing systems.
FTSE 250 movers: Future climbs, Funding Circle spirals lower
London's FTSE 250 climbed 0. 91% higher to 19,639. 21 in afternoon trade on Monday, with Future leading the index higher.
US open: Stocks turn green as US-China truce takes S&P 500 to record high
Wall Street surged at the open on Monday as participants digested news coming from China, Japan and North Korea over the weekend.
FTSE 100 movers: Melrose rallies; Fresnillo loses its shine
London's FTSE 100 was up 1. 2% at 7,512. 43 in afternoon trade on Monday as investors cheered a Sino-US trade truce over the weekend and as weak UK manufacturing data dented sterling.
US manufacturing holds up better than expected in June
American manufacturing held up better-than-expected last month albeit amid a widespread impact from trade tariffs, the results of a closely-followed survey showed.
Analysts somewhat divided on results of US-China trade talks
Last Saturday's meeting between the Presidents of China and the US played out roughly as expected, save for the positive suprise in the form of a partial reprieve for technology giant Huawei, but there was some division among analysts on either side of the Pond regarding what most likely lay ahead next.
Pret A Manger boss Clive Schlee to step down in September
Pret A Manger said on Monday that Clive Schlee will step down as chief executive officer at the end of September after 16 years in the role.
Liberum ups price target on AB Dynamics following 'excellent strategic acquisition'
Analysts at Liberum upped their target price on AIM-listed AB Dynamics from 2,625p to 2,750p, after the group snapped up rFpro on Friday afternoon.
London midday: Stocks extend gains as pound hit by manufacturing data
London stocks had extended gains by midday on Monday as the pound was hit by weak manufacturing data, while sentiment got a boost from the Sino-US trade truce reached over the weekend.
RA International wins $7.8m project with humanitarian organisation
Support services provider RA International has been awarded a new contract by an unnamed global humanitarian organisation to supply and install modified shipping containers as accommodation and offices in an East African country, it announced on Monday.
Condor Gold awarded adjacent concession at La India
Condor Gold announced on Monday that the Ministry of Energy and Mines of Nicaragua (MEM) has officially notified it of the grant of a 25-year exploration and mining concession over a 132. 1 square kilometre area to the northwest of La India Project, called the Cerro Los Cerritos concession.
Serinus Energy makes good operational progress in Romania and Tunisia
Serinus Energy updated the market on its operations on Monday, reporting that in Romania, the commissioning of the Moftinu gas plant had proceeded as planned with a 30 June daily production exit rate of 10. 3 million standard cubic feet per day (mmscf/d), with condensate production above expectations and minimal water production within expectations.
Renalytix AI prepares for US roll-out with CPT code
Artificial intelligence-based kidney disease clinical diagnostics developer Renalytix AI announced on Monday that the American Medical Association (AMA) has granted a ‘CPT Proprietary Laboratory Analyses’ (PLA) code for its lead product, ‘KidneyIntelX’.
Apple shares poised to surge if trade war ends - Wedbush
Shares in Apple could rise by as much as $25 if talks to end the bitter trade war between the US and China prove successful, Wedbush Securities believes.