The FTSE 100 index closed Monday up 0.4% to 7943 points, in line with global markets, lifted by mining stocks after gold reached another record high and silver came close to a five-year high. Betting-and-gambling group Entain led the bluechip index's top performers, with shares closing up 5.2% after reports that the group could be targeted by U.S. buyout firms. Miner Rio Tinto was the second top performer, up 4.2%, followed by easyJet and Anglo American, up 3.3% and 3.2%, respectively. Shell continued Friday's gains after its 1Q update, closing up 1.2% despite a drop in crude oil prices on easing tensions in the Middle East.
COMPANIES NEWS:
Petra Diamonds Sets Fresh Cost Targets Amid Slower Market Recovery, Finds Buyer for Koffiefontein Mine
Petra Diamonds is trimming its costs further amid a slower recovery in the diamond market due to weakness and economic uncertainty in China, and found a buyer for one of its mines in South Africa.
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European Green Transition Raises GBP6.5 Mln in London Listing
European Green Transition said it has started trading on London's AIM exchange and that it raised 6.5 million pounds ($8.2 million) via a placing, a subscription and a retail offer, which it will use toward existing projects.
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Windar Photonics Expects Further Revenue Growth; Gets New Order
Windar Photonics said it expects its revenue growth in 2024 to be similar to that of 2023 as it has had a strong start to the year with a significant new order.
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Renalytix Sells Stock to Raise Up to $4 Mln
Renalytix is selling some of its shares to raise up to $4 million in financing to support commercial sales activity as it moves forward in its formal sale process.
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Emmerson Raises $2.2 Mln From Share Placing; Plans Retail Offer Up to $300,000
Emmerson raised $2.2 million from two strategic investors and plans to offer an issue of new shares to retail investors of up to 240,000 pounds ($303,312).
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Contango Raises GBP940,000 But Says Not Enough to Repay Loans
Contango Holdings said that although it raised 940,000 pounds ($1.2 million) via a placing, this won't provide enough cash resources to repay outstanding loans of GBP2.7 million.
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Goldway Capital Says Offer for MC Mining Accepted by 83.67% of Shareholders
Goldway Capital Investment said that MC Mining shareholders representing 83.67% of the company accepted its takeover offer, clearing a minimum acceptance condition.
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CAP-XX Settles Litigation With Kyocera AVX
CAP-XX said its litigation with Kyocera AVX in Australia's Supreme Court Of New South Wales has been settled.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
04-08-24 1218ET