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European economic sentiment takes a hit in April
Economic sentiment took a hit across both the eurozone and the wider EU in April, according to survey data released on Monday, alongside a downturn in employment expectations.
Barclays downgrades JD Sports on Hibbett acquisition
Barclays downgraded JD Sports on Monday to ‘equalweight’ from ‘overweight’ and cut the price target to 140p from 165p after the retailer announced the acquisition of US rival Hibbett last week for $1. 1bn.
Tesla teams up with Baidu for assisted driving features in China
Electric vehicle manufacturer Tesla looks set to team up with Beijing-based internet company Baidu in mapping and navigation functions for its advanced assisted driving features in China.
Asia report: Markets rise ahead of US Fed meeting
Stocks in the Asia-Pacific region demonstrated a robust performance on Monday, buoyed by anticipation surrounding the upcoming US Federal Reserve meeting.
Zenova inks £2.4m paint supply deal
Fire suppression specialist Zenova Group announced a two-year contract for 200,000 litres of its FP coating on Monday, with Drips and Sparks.
Philips shares soar on $1.1bn DOJ settlement
Koninklijke Philips, the Dutch healthcare giant, has finally reached a settlement with US regulators over a Respironics product recall back in 2021 worth $1. 1bn, causing shares to soar by more than a third on Monday morning.
Image Scan gets first order for new ThreatScan system
Security and industrial screening specialist Image Scan announced an initial order worth £0. 3m from a partner on Monday, for the supply of ‘ThreatScan-AS1’ portable x-ray systems as part of a framework contract secured by the partner with a European Ministry of Defence organisation.
Frasers to repurchase up to 10m shares in new buyback programme
Sports Direct owner Frasers Group launched a new share buyback programme on Monday, with the business set to repurchase up to £80. 0m worth of ordinary shares.
DP Poland reports robust first quarter of trading
DP Poland, the operator of Domino's pizza stores and restaurants in Poland and Croatia, reported a robust first quarter of trading in Poland on Monday, with double-digit sales growth in both delivery and non-delivery channels.
Sondrel achieves tapeout in automotive chip contract
Chip supplier Sondrel announced the successful completion of a significant milestone in its material turnkey ASIC engagement for a tier-one OEM automotive customer on Monday.
Europe open: Shares up with eyes on rates; Philips surges on payout relief
European shares opened higher on Monday as investors eyed central bank rate decisions this week, while shares in Philips and Atos were in focus.
London open: Stocks gain; Blackstone strikes deal for Hipgnosis
London stocks rose in early trade on Monday following another record high at the end of last week.
Petrofac delays results, says it may need to convert existing debt to equity
Petrofac tumbled on Monday as it announced a delay to the publication of its full-year results and said it may have to convert a significant proportion of its existing debt to equity.
Biome Technologies shares sink as Q1 sales drop 44%
Shares in AIM-listed Biome Technologies plummeted by almost a third on Monday after the bioplastics and radio frequency technology business reported a poor start to the year with first-quarter sales dropping by 44%.
Digital 9 to make additional revolving credit facility repayment
Infrastructure company Digital 9 Infrastructure announced a significant step towards strengthening its financial position on Monday, with the receipt of a deferred consideration payment of $25m (£20m) related to the sale of the Verne Global group, as announced on 15 March.
Oxford Biomedica confident as it moves away from vaccine era
Cell and gene therapy contract development and manufacturing organisation (CDMO) Oxford Biomedica reported stability in its core business on Monday, with a small increase in full-year core revenue for 2023, despite a 36% decrease in total revenue to £89. 5m.
Entain reprices two term loans, revises interest cost outlook
Betting and gambling giant Entain announced the successful repricing of two of its existing ‘Term Loan B’ loans on Monday, along with the pricing and allocation of fungible add-ons, in a bid to optimise its financial position.
N Brown chairman Ron McMillan to retire
N Brown said on Monday that chairman Ron McMillan will be retiring and stepping down from the board with effect from 30 April for personal reasons.
McCarthy out, Adshead in as Ultimate Products chair
Ultimate Products, the parent of homeware brands including Salter and Beldray, announced a change in its leadership on Monday, with James ‘Jim’ McCarthy deciding to step down as non-executive chair from 31 July.
Supermarket Income REIT buys portfolio of Carrefour supermarkets for €75.3m
Supermarket Income REIT said on Monday that it has bought a portfolio of Carrefour supermarkets in France through a sale and leaseback transaction for €75. 3m.