Market Pulse - Europe
Week ahead: Fed and BoE rate decisions, US jobs in focus
Investors will have their work cut out for them over the coming week with an economic calendar full of significant risk events, including interest rate decisions from the US Federal Reserve and Bank of England, as well as the all important monthly US jobs report.
Sunday newspaper round-up: Heathrow, GSK, Roll-Royce
Plans for a third runway at Heathrow may have been dealt a fatal blow after Ferrovial balked at further investment. The Spanish infrastructure investor, Heathrow's top shareholder, signalled the move in protest over the Civial Aviation Authorities's decision to block a 90% rise in landing charges from 2022, which the company said meant shateholders would have to make do with lower returns. - Sunday Telegraph.
Sunday share tips: Speedy Hire, Life Science REIT, ProCook and Atrato Onsite Energy
Speedy Hire has a new chief executive officer, is expanding, has gone green and stands to benefit from Britain's £650bn of spending on infrastructure in the year ahead, so "buy" is the Sunday Times's Sabah Meddings's tip for readers.
Europe close: Stocks end week on a mixed note
European shares ended the week on a mixed note as results overnight from tech giants Amazon and Apple missed expectations and euro zone inflation rose came in higher than forecast.
Euro area CPI shoots past forecasts in October, energy main culprit
The cost of living in the Eurozone jumped past economists' forecasts in October on the back of nearly across-the-board gains in prices.
Euro area Q3 GDP beats forecasts, Spain lags behind
Economic activity in the single currency area edged past forecasts in the third quarter, thanks in large part to faster than expected growth in France and Italy.
US activist investor calls for break up of Royal Dutch Shell
Activist US investor Daniel Loeb called for the breakup of Royal Dutch Shell.
Europe close: Stocks end lower amid mixed earnings reports
European stocks were lower on Wednesday as investors mulled the implications of the latest UK Budget and mulled mixed earnings reports.
German import prices rise at their fastest pace since second oil price crisis
German import prices rose at their fastest clip since the second oil price crisis of 1981 in September.
Deutsche Bank post fifth straight quarterly profit
German lender Deutsche Bank said on Wednesday that it had managed to post a fifth straight quarterly profit despite declining revenues in its investment banking unit.
Europe close: Stocks move higher going into US tech results
European shares jumped on Tuesday, as strong earnings from Facebook overnight were augmented by solid results from UBS and Reckitt Benckiser.
Europe close: Stocks start week on a positive note
European shares were mostly higher at the start of the week as investors sat on the sidelines ahead of a deluge of big corporate earnings reports.
Ashtead Technology prepares to ride wave of investment in offshore wind
Subsea energy equipment rental and solutions provider Ashtead Technology announced plans to float on the London Stock Exchange's junior market.
Co-op Bank makes unsolicited bid for TSB
Co-op Bank surprised investors at the weekend with an unsolicited offer for TSB.
Small business confidence drops amid inflation and tax hikes
The Federation of Small Businesses warned the Chancellor that concerns about inflation and high taxes had already led some companies to cut back on their hiring and investment plans.
Europe close: Stocks stage relief rally on Evergrande news
European stocks finished higher on Friday with investors cheering news of an interest payment by debt-ridden China Evergrande Group and brushed aside a survey that showed growth in euro zone business activity slowed in October due to inflation fears.
UBS stays at sell on Unilever, cites concern about 'deterioration' of market share
Analysts at UBS reiterated their 'sell' recommendation on shares of Unilever, expressing to clients their concern over the "quality" of the company's margins in the back half of the year, which they said implied a "substantial" reduction in its marketing spend.
Berenberg raises target on Barclays, says lender set to benefit from recovery in UK and US consumer
Analysts at Berenberg bumped up their target price for shares of Barclays from 230. 0p to 245. 0p, telling clients that the lender's third quarter numbers had confirmed that it was "well placed" to profit from a recovery among UK and US consumers.
Euro area business activity hits six-month low, IHS Markit says
Economic activity in the single currency bloc got off to a slow start in the fourth quarter, amid increasing supply bottlenecks and ongoing Covid-19 worries, the results of a closely-followed survey revealed.
Friday preview: Global factory and services PMIs, Airtel Africa in the spotlight
The focus in financial markets at the end of the week will be on a raft of preliminary readings for manufacturing and services sector activity surveys out of the euro area, UK and US for the month of October.