Market Pulse
SysGroup issues profit warning amid slow business transition
Managed IT services and cloud hosting provider SysGroup updated the market on its trading for the six months to 30 September on Monday, saying that during the period it focused on executing the continued transformation of the business to managed IT services and cloud hosting.
Xpediator takes delivery of Regional Express in £1.2m acquisition
Freight management services provider Xpediator has acquired Regional Express, a UK-based freight forwarder and international courier, it announced on Monday.
May commits to Brexit transition period, Corbyn to 'common ground'
Theresa May indicated to British businesses that the government is intent on arranging a post-Brexit transition period in order to avoid a “cliff edge” split from the European Union in 2019, while opposition leader Jeremy Corbyn stressed Labour had more "common ground" with business than was thought.
Solo Oil confident despite Aminex troubles at Kiliwani
Solo Oil noted on Monday today that Aminex - the operator of the Kiliwani North Development Licence in Tanzania - reported that production from the Kiliwani North-1 well has been temporarily reduced to gas rates of below 1 million cubic feet per day.
Mitie's property management sale 'key step' for Jefferies upgrade
Outsourcing firm Mitie Group was trading higher at the start of the week after analysts at Jefferies made a double upgrade to its recommendation to ‘buy’.
Boxhill reaches deal with PDU to market high-value transfer service
Boxhill Technologies updated the market on Monday, after its announcement that it is launching a new high-value transfer service (HVTS) for transactions of more than €10m through its wholly-owned subsidiary Emex Technologies, on 28 July.
Kosmos Energy increase oil and gas revenue threefold, still posts loss
US oil company Kosmos Energy saw losses widen in its third quarter despite more than trebling revenue from its oil and gas businesses.
Union Jack takes 20pc chunk of Egdon's Fiskerton
UK-focussed onshore oil and gas production and exploration company Union Jack Oil announced on Monday that it has signed a sale and purchase agreement to acquire a 20% economic interest in licence EXL294 containing the producing Fiskerton Airfield Oilfield, from operator Egdon Resources.
Europe midday: Stocks dip after recent strong run
European stocks are continuing to trade slightly lower despite the release of stronger-than-expected readings on the economy, weighed down by a somewhat more cautious stance on stockmarkets from strategists at JP Morgan.
Satellite Solutions Worldwide makes three bolt-on acquisitions
Alternative broadband services specialist Satellite Solutions Worldwide has completed three acquisitions, it announced on Monday, consisting of two fixed wireless broadband ISPs and a satellite broadband customer base.
Grafenia grows turnover but warns costs will hit full year earnings
Operating losses remained flat for Manchester-based printing business Grafenia in the first half as it grew turnover 31% and completed its largest acquisition.
FTSE 100 movers: Convatec boosted by UBS upgrade; Sky down as Ofcom censures Fox News
London’s FTSE 100 was flat at 7,562. 3 in afternoon trade on Monday as investors paused for breath after a busy week.
Belvoir Lettings brand wins prestigious Negotiator Award
Property franchise Belvoir Lettings announced on Monday that its Belvoir brand was crowned ‘Franchise/ Network of the Year’ at the Negotiator Awards.
US pre-open: Stocks seen muted as investors pause after record highs
US futures pointed to a muted open on Wall Street on Monday, with investors likely to take a step back after indices notched record all-time high closes on Friday following the release of a decent non-farm payrolls report.
Asia report: Markets mixed amid earnings reports, Trump visit
Markets in Asia finished in a mixed state on Monday, with investors sifting through a deluge of earnings reports, and President Trump touching down in the region.
London midday: Stocks nudge lower despite strong miners
London stocks had nudged a touch lower by midday, with a strong showing in the mining sector failing to provide any upward momentum as investors paused for breath after a record close on Friday.
RBC Capital downgrades IWG 'sector perform'
RBC Capital Markets downgraded flexible workspace provider IWG to ‘sector perform’ from ‘outperform’ and cut the price target to 220p from 370p after its profit warning last month.
Carillion secures two contracts with Network Rail
Construction and support group Carillion has announced two contract awards in respect of Network Rail's Midland Mainline improvement programme.
Purplebricks on track for full year
In the briefest of updates on Monday, AIM-listed hybrid estate agency Purplebricks confirmed it remains on track to meet the board’s full-year expectations.
Gambling Commission slaps Ladbrokes Coral with fine
The Gambling Commission has slapped Ladbrokes Coral with a £2. 3m fine after its Gala Interactive business breached regulations which protect consumers.