Market Report
HSBC cuts British Land as political concerns weigh on property stocks
British Land is likely to see its valuation under pressure for the foreseeable future, said HSBC on Monday, downgrading the property developer and cutting its target price.
ECO Animal Health gets Egypt approval for Aivlosin
ECO Animal Health Group announced on Monday that it has received a marketing authorisation from the Drug Authority of the Ministry of Health of Egypt, for the use of Aivlosin 625 mg/g water soluble granules in chickens laying eggs for human consumption.
SSE appoints Martin Pibworth as wholesale director
SSE has appointed Martin Pibworth as wholesale director and he will join the board on 1 September.
Europe midday: Stocks come off lows, Jackson Hole in focus
Stocks are holding in the red but have come off their lows of the session despite renewed aggressive rhetoric out of North Korea as the US and South Korean militaries kicked-off their annual 10-day joint exercises.
Household finances still under pressure in August - Markit
UK households were a little less downbeat about their finances in August, according to the latest survey from IHS and Ipsos, although they continued to expect a deterioration over the next 12 months.
PowerHouse completes first extended gasification trial
Ultra high temperature gasification waste-to-hydrogen and waste-to-energy company PowerHouse Energy Group announced on Monday that, following the re-commissioning operation of the G3-UHt gasification unit as announced at the end of July, it completed its first extended technical trial of the Distributed Modular Gasification process at the Energy Center of Thornton Science Park.
Announcement of Jurassic World video game tie-in sends Frontier shares roaring ahead
Video game studio Frontier Developments announced its third major self-published video game, Jurassic World Evolution was slated for release in June 2018 and would be based on the popular Jurassic World universe.
London midday: Stocks flat as risk-off mood prevails; Provident Financial slumps
London stocks had pared earlier small losses to trade flat by midday as investors remained cautious amid geopolitical tensions.
Asia report: Markets mixed amid US military exercises, Bannon quits
Markets in Asia finished mixed on Monday, as investors were faced with political and military movements in the US and the Korean peninsula.
Monday broker round-up
Hikma Pharmaceuticals: Jefferies upgrades to Hold with a target price of 1045p.
Empyrean Energy confirms four new gas zones at Dempsey 1-15
Empyrean Energy confirmed the existence of four gas zones in the shallower parts of its Dempsey 1-15 well in Sacramento, California which the company believes will provide enough cash-flow to at least cover the costs of the well, as they had hoped for.
US pre-open: Stocks seen a little lower as investors shun risk
US futures pointed to a slightly weaker open on Wall Street on Monday as geopolitical risks keep investors cautious.
Yellen likely to be replaced as Fed chair by Cohn, economists think
Janet Yellen is not expected to get a second term as Federal Reserve chair, with Donald Trump's chief economic adviser Gary Cohn seen as the favourite to take over as head of the US central bank.
Total to buy Maersk oil and gas division for $7.45bn
Danish shipping company Moller-Maersk has agreed to sell its oil and gas division, Maersk Oil, to Total for $7. 45bn in a combined share and debt transaction.
RBC upgrades Imperial Brands, says selloff is a buying opportunity
RBC Capital Markets upgraded Imperial Brands to 'outperform' from 'sector perform' on Monday, lifting the price target to 3,600p from 3,500p.
Ofgem warns power network operators over poor performance
Energy regulator Ofgem told Britain's electricity distribution network operators on Monday that their revenue could be cut, following a review of how well they were dealing with new customers that request connections.
Mercia Technologies completes £2m follow-on investment in Oxford Genetics
AIM-listed Mercia Technologies has completed a £2m follow-on direct investment into synthetic biology company Oxford Genetics.
BT's EE to challenge Ofcom mobile spectrum auction rules
BT’s mobile arm EE was said to be planning a legal challenge against telecoms regulator Ofcom on Monday, over its planned auction of new mobile spectrum.
Scisys signs strategic contract with German broadcaster
Scisys said on Monday that its subsidiary, Annova Systems, has signed a strategic €0. 8m contract with the German public broadcaster ARD-aktuell for a cross-media planning portal for its national prime news programmes.
Spectra Systems soars after confident trading update
Spectra Systems announced Monday it had seen strong trading in the year to date thanks to unexpectedly high sales of its phosphor products and a full year of stronger margins in its in-house manufacturing.