Market Report
US close: Five-day win streak sends stocks to new highs
US stocks rose for the fifth straight session on Monday, with all three Wall Street benchmarks hitting new closing highs, as the post-election rally continued.
London close: Stocks maintain gains ahead of UK jobs data
London markets closed higher on Monday, with Croda International among the leaders after the specialty chemicals company reported a strong third-quarter sales update.
FTSE 100 movers: Croda shoots higher on update; miners fall
London’s FTSE 100 was up 0. 7% at 8,124. 50 in afternoon trade on Monday.
US open: Dow, S&P 500 hit new highs as post-election rally continues
US stocks mostly rose on Monday morning as the Dow and S&P 500 reached new heights as post-election optimism continued to lift investor sentiment, with crypto stocks among the best performers as bitcoin prices surged.
Evotec surges as Triton said to consider takeover
Evotec surged on Monday as it emerged that private equity firm Triton Partners is considering a takeover bid for the German drug development company after taking a near-10% stake.
Pantheon Resources announces spudding of Megrez-1 well
Pantheon Resources announced the spudding of the Megrez-1 well on Alaska’s North Slope on Monday, targeting the eastern topsets in the Ahpun field.
Team Internet revenue rises, profit before tax falls
Team Internet reported a 1% improvement in gross revenue in the first three quarters of the financial year on Monday, to $615. 1m, while net revenue increased 4% to $143. 6m, bolstered by a rise in gross margins from 22. 6% to 23. 3%.
Science Group on track for record full-year adjusted profit
Science Group announced on Monday that it remains on track to achieve record adjusted operating profit for the 2024 financial year, meeting market expectations.
Westminster Group confirms it's not seeking AIM delisting
Westminster Group clarified in a statement on Monday that it was not considering a cancellation of its AIM listing in London, despite recent media speculation.
Seeing Machines reports strong growth in installations
Driver monitoring technology company Seeing Machines reported strong growth in its quarterly key performance indicators for the first quarter of the 2025 financial year on Monday.
Deutsche Bank starts coverage of Trustpilot at 'buy'
Deutsche Bank initiated coverage of review platform Trustpilot on Monday with a ‘buy’ rating and 331p price target.
Faron Pharmaceuticals files new patent for Clever-1
Faron Pharmaceuticals, a clinical-stage biopharmaceutical company specialising in immunotherapies for cancer and inflammatory diseases, announced the filing of a new patent application for the use of soluble Clever-1 in targeting T-cell inactivation on Monday, with potential applications in treating autoimmune diseases and inflammatory disorders.
Europe midday: Stoxx rally continues; Evotec surges as Triton takes stake
European shares maintained gains on Monday as the post-US election rally continued, while Evotec shares surged on a report that private equity outfit Triton was mulling a bid for the German drug developer after taking a 10% stake.
London midday: Stocks maintain gains; Croda, NatWest rally
London stocks were still firmly in the black by midday on Monday, with Croda pacing the gains after a well-received third-quarter sales update.
Resolute Mining CEO detained in Mali, shares tumble
Shares in Resolute Mining tumbled on Monday after it confirmed that chief executive Terence Holohan and two other employees have been detained by authorities in Mali.
US pre-open: Markets set to hit new records early, crypto stocks jump
US stock futures were pointing higher ahead of the opening bell on Monday, with all three Wall Street benchmarks set to hit fresh record highs – though volumes are expected to be light due to the Veterans Day holiday.
Caledonia Mining reports mixed third quarter
Caledonia Mining reported a mixed third-quarter financial and operational performance on Monday, driven by fluctuations in gold production, rising costs, and encouraging exploration outcomes at its Zimbabwe-based assets.
PRS REIT amends agreement with adviser amid strategic review
Private rental sector-focussed new build investor PRS REIT announced an amendment to its investment advisory agreement with Sigma PRS Management, its investment adviser, on Monday.
Forterra confident despite challenging trading conditions
Clay and concrete building products manufacturer Forterra reported challenging trading conditions for the four months to the end of October on Monday.