Daily Business Live

Housebuilders lift cautious equity market


6pm: Craneware in $400m swoop

Craneware, the Edinburgh-based data analytics company focused on the US healthcare market, is acquiring a Florida-based data systems company in a $400m cash and shares deal.

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5pm: House builders lift market

Persimmon homes

Among the top gainers was house builder Persimmon, up 2.7% to 3,236p after a Halifax report showed UK house prices last month were 9.5% higher than a year earlier – the biggest annual increase in seven years.

The sector helped ease the FTSE 100 marginally higher to close 8 points, or 0.12%, at 7,077.

The FTSE 250 also gained ground, advancing around 75 points, or 0.33%.

On Wall Street, the Dow Jones was down over 137 points and the S&P 500 fell nearly 13, but the Nasdaq added around 8 points at 13,822.

9.30am: Pubs demand flexible time during Euro 2020

Hospitality groups are calling on the Scottish Government to introduce flexibility for closing times during the Euro2020 tournament to avoid having to evict thousands of fans from pubs before matches end.

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9am: Cautious market open

Equity markets began the new week cautiously following slower export growth in China. The FTSE 100 was up 11 points at 7,079.91.

Shares in Scottish test kit developer Omega Diagnostics were down 3% or 2p at 61p after it admitted to delays in government talks on manufacturing (see below).

8.30am: Bute vegan group sold

Bute Island Foods, a vegan food company which employs around 180 staff, has been sold to Canadian food group Saputo owns labels including Cathedral City, Country Life, and Utterly Butterly.

Full story here

7am: Omega awaiting test confirmation

Omega Diagnostics

Omega, the medical diagnostics company, admitted this morning that the UK Government is taking longer than expected to decide which Covid test it wants the firm to manufacture.

Full story here

Global markets

Equity markets were likely to start the week on a cautious note following Chinese trade data revealing export growth slowed more than expected.

Japan’s Nikkei 225 was 103 points higher this morning, but Hong Kong’s Hang Seng is down 223 points.

US Treasury Secretary Janet Yellen said overnight she would not be averse to higher interest rates in response to an improving economy.

Although US job numbers on Friday fell a little short of expectations, the Dow Jones still rose 179 points while the S&P 500 jumped 37 points to 4,230.

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