HgCapital Trust NAV stabilises despite software valuation squeeze
Investment trust HgCapital Trust said on Monday that estimated net asset values were broadly unchanged in the second quarter, as strong trading across its portfolio offset a further contraction in software valuation multiples.
Credit insurer said to have cut cover to Vistry suppliers, shares slide
Vistry tumbled on Monday following a report that leading credit insurer Allianz Trade is reducing the cover it extends to suppliers of the housebuilder.
London open: FTSE edges lower amid Hormuz uncertainty
London stocks edged lower in early trade on Monday amid continued uncertainty over the reopening of the vital Strait of Hormuz.
Europe open: Shares flat, oil up as Hormuz impasse drags on
European shares were flat at the open and oil prices crept higher as the US appeared no closer to resolving the Strait of Hormuz impasse.
Marshalls H1 profits rise even as revenues ease
Building products manufacturer Marshalls said on Monday that adjusted profits had risen in the six months ended 30 June despite slightly lower year‑on‑year revenues, driven by improved execution and early benefits from its landscaping turnaround plan.
Plus500 interims edge ahead as drive into US continues
Plus500 kept its full-year outlook unchanged after the fintech delivered record interim revenues, although expenditure on US expansion saw profits edge ahead by 1%.
Nichols buys vitamin drink brand VitHit for €75m
Vimto maker Nichols said on Monday that it has bought VitHit, a maker of low-calorie, low-sugar drinks, for €75m in cash.
Plus500 reiterates FY outlook, Marshalls H1 profits rise despite revenue dip
LONDON PRE-OPEN The FTSE 100 was expected to open 41. 2 points lower ahead of the bell on Monday, after wrapping up the previous session 0. 31% firmer at 10,901. 09.
London pre-open: Stocks to drop amid Hormuz uncertainty
London stocks were set to fall at the open on Monday amid continued uncertainty over the reopening of the vital Strait of Hormuz.
Monday newspaper round-up: Harvey Nichols, Heathrow, Lloyds Banking Group
Andy Burnham has promised a series of measures to tackle the cost of living, including a ban on fake discounts and making it easier for people to escape unwanted subscriptions. The crackdown on “rip-off” business practices is expected to benefit consumers to the tune of £400m a year and will be the first in a range of “everyday fixes” to be implemented in the coming months. – Guardian.