Market Report
Elecosoft finance director stands down
AIM-listed software as a service provider Elecosoft announced on Monday that group finance director David Pearson had left the company.
British business still underprepared for cyber-attacks
The preparedness of British businesses when it comes to the threat of cyber-attacks came under the spotlight on Monday, with a new government report suggesting two-thirds of bosses at the country’s largest businesses are not even trained to deal with such a breach.
Chinese conglomerate HNA increases stake in Dufry
Despite new guidelines issued on Friday by the Chinese cabinet to regulate overseas investment in certain sectors, Hainan based conglomerate HNA Group announced it had completed the acquisition of a 16. 2% stake in airport retailer Dufry AG on Monday.
Jefferies ups Hikma to 'hold' as it removes generic Advair from model
Hikma Pharmaceuticals got a boost on Monday as Jefferies upped its stance on the stock to 'hold' from 'underperform'.
Europe open: Stocks slip amid geopolitical tensions in Far East
Stocks have started the morning lower, with aggressive rhetoric out of North Korea ahead of joint US-South Korea military exercises weighing on sentiment amid a sparse economic calendar at the start of the week.
House prices fall at sharpest rate this year - Rightmove
UK house prices fell in August by the largest month-on-month rate this year, but still improved compared to last year and there continued to be a wide variance between the health of the housing market in different parts of the country .
Sempra Energy to buy Oncor for $9.45n
Sempra Energy has agreed to buy Energy Future, the indirect owner of 80% of Texas utility Oncor, beating off Warren Buffett's Berkshire Hathaway.
London open: Stocks nudge lower as risk-off caution continues
London stocks were a touch weaker in early trade on Monday as investors remained cautious amid geopolitical tensions, although strength in the heavily-weighted mining sector helped to keep losses to a minimum.
Rathbone Bros confirms merger talks with Smith & Williamson
Investment manager Rathbone Brothers confirmed on Monday that it was in exclusive merger talks with financial services provider and corporate adviser Smith & Williamson, as the wave of consolidation continues in the wealth management sector.
Sylvania Platinum exceeds full-year output forecast, boosting cash position
Sylvania Platinum posted sharp increases in both top and bottom-line growth as output from its Sylvania Dump Operations reached a fourth consecutive annual record.
Shaftesbury to buy Berwick Street leasehold
FTSE 250 real estate investment trust Shaftesbury has entered into a contract with PMB Holdings to acquire a long-leasehold interest in 90-104 Berwick Street, London W1, at £38. 5m.
Wood Group awarded five-year contract by Philips 66
Wood Group has been awarded a five-year, multimillion dollar contract by Phillips 66 to provide supplemental maintenance services and support for small capital construction projects and turnarounds to the Sweeny Refinery, approximately 65 miles southwest of Houston, it announced on Monday.
Wood Group awarded 5-year contract by Philips 66, Rathbone Bros in merger talks with Smith & Williamson
London open.
London pre-open: Stocks seen lower as geopolitical risks build
London stocks are set for a weaker open on Monday as geopolitical risks continue to dent risk appetite.
Monday newspaper round-up: Brexit, mobile auction, Thomas Cook, pay
Britain could be subject to rulings by the European Court of Justice for years after the UK leaves the European Union, it has emerged. This week the Government will publish its blueprint for how Britain will treat rulings by the European Court of Justice, the EU's highest court, in civil court cases after Brexit. - Telegraph.