Market Pulse
US close: Dow, S&P 500 close at records as tech sector rallies
US stocks ended in the black on Monday, with the Dow and S&P 500 at record highs thanks to gains in the technology sector.
FX round-up: Sterling mixed as UK begins negotiations for so-called Brexit 'wonderland'
Sterling was mixed on major crosses as the UK at last disappeared down the burrow of Brexit negotiations in hopes it will emerge in a non-EU wonderland further down the track.
Europe close: German and French shares lead gains
German and French stocks led European shares higher following two consecutive weeks of losses after Emmanuele Macron's En Marche won the legislative elections at the weekend.
Director dealings: Majestic CEO makes small splash with sale
Majestic Wine chief executive Rowan Gormley has sold £529,000 worth of shares in the retailer two years after his Naked Wines business was acquired and a few days after chairman stepped down.
Oilex announces receipt of cash calls worth $1.41m gross
Oilex, the oil and gas exploration and production company announced Monday "material progress" having received outstanding cash calls of approximately $1. 41m gross owed to the Cambay and Bhandut production sharing contracts (PSCs).
US open: Dow Industrials and S&P 500 plow ahead, set new highs
Gains in technology and industrial metals saw the Dow Jones Industrials and S&P 500 hit fresh record highs at the start of the week.
Tuesday preview: Chancellor and BoE Governor to deliver delayed speeches
Chancellor Philip Hammond and Bank of England Governor Mark Carney are due to deliver their delayed Mansion House speeches on Tuesday, while company news includes updates from Wolseley and N Brown.
Touchstone Innovations commits another £3m to Concirrus
Touchstone Innovations issued an announcement to the market on Monday, saying it had committed a new £3m, two-tranche investment into Concirrus, which it described as a “leading” insurance internet-of-things (IoT) solution provider based in London.
Cairn Energy pursuing $1bn tribunal as tax dispute rumbles on
Cairn Energy said it seeking $1bn in damages from an international arbitration case in The Hague over its long-running tax dispute with the Indian government, on top of the $104m (£81. 4m) that Indian tax authorities signed off last week.
Sector movers: Miners pace gains as China eases restrictions on investment
An unlikely combination of miners and grocers was pacing gains at the start of the week.
CyanConnode gets an order for 10,000 smart meters
Narrowband radio mesh networks specialist CyanConnode Holdings announced new purchase orders for 10,400 smart meters from Larsen & Toubro, which expanded the deployment of the company’s smart metering solution at Tata Power Mumbai.
Microsaic Systems warns of lower revenues amid 'difficult' trading
Chip-based mass spectrometry instruments developer for the pharmaceutical industry, Microsaic Systems, issued a trading update on Monday as it approached the end of its first half on 30 June.
FTSE 250 movers: Ocado surges on Amazon/Whole Foods deal; Cairn in the red
London's FTSE 250 was up 0. 2% to 19,854. 06 in afternoon trade as Brexit talks got underway in Brussels.
Credit Suisse downgrades InterContinental Hotels
Even though InterContinental Hotels is as "one of the highest quality companies" covered by Credit Suisse, its shares were downgraded to a 'neutral' rating from 'outperform' on Monday after gaining 40% since early 2016.
Fed's Dudley not paying much attention to signals from bond market, reports say
Stay the course, the head of the Federal Reserve bank of New York said at the start of the week.
Integumen receives orders from trio of global firms
Human integumentary system-focussed personal healthcare company Integumen announced on Monday that it had received orders from La Prairie, Merck & Co. , and Galderma.
Silvana Tenreyro appointed to MPC to replace Kristin Forbes
Chancellor Philip Hammond has approved the appointment of Professor Silvana Tenreyro as an external member of the Bank of England's interest rate-setting Monetary Policy Committee (MPC).
FTSE 100 movers: G4S sitting pretty again; housebuilders slump
London's FTSE 100 was up 0. 6% to 7,508. 95 in afternoon trade as Brexit talks got underway in Brussels.
Velocys invited to apply for USDA loan guarantee
Smaller-scale gas-to-liquids and biomass-to-liquids technology developer Velocys announced on Monday that the US Department of Agriculture (USDA) had invited it to submit a Phase II application to obtain a loan guarantee for a commercial-scale biorefinery.
Ocado rallies on double upgrade at Exane
Ocado got a boost on Monday as Exane BNP Paribas upgraded the stock to 'outperform' from 'underperform' and lifted the price target to 325p from 220p following last week's news that Amazon is buying Whole Foods Market.