Market Report
Gatemore calls on Elementis to replace CEO
Activist investor Gatemore Capital Management said on Monday that Elementis was an attractive company that has "lost its direction" as it called for the chief executive to be replaced.
US pre-open: Futures higher as investors await more earnings
Wall Street futures were in the green ahead of the bell on Monday as investors brace for more corporate earnings, some key labour market data and the outcome of the Federal Reserve's two-day policy meeting.
Europe midday: Shares hold gains as Philips soars 42% on payout news
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 midday: Stocks maintain gains as Frasers, Anglo rally
London stocks were still in the black by midday on Monday, helped along by gains from the likes of Frasers Group and Anglo American, as investors eyed the start of the Federal Reserve's latest policy meeting.
Europe open: Shares up with eyes on rates; Philips surges on payout
European shares opened higher on Monday as investors eyed central bank rate decisions this week, while shares in Philips and Atos were in focus.
France proposes acquisition of key assets from Atos
The French government has floated the idea of snapping up key assets from heavily indebted technology firm Atos in an effort to keep the company within the country.
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.
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.
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.
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.
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.