Market Pulse
US Federal Reserve will probably raise rates later in 2015
The Federal Reserve would “probably” raise interest rates later in 2015, a top US monetary policymaker said on Monday.
Fed rate hike could hit US energy firms, oil explorers hard
The plunge in energy prices had driven spreads in the market for high-yield debt to worrying levels for the sustainability of debt financing in oil and gas, as well as for those companies who supply to them, an independent strategist warned on Monday.
Spirax-Sarco steams ahead with £6.5m acquisition
Spirax-Sarco Engineering has acquired the steam distribution business of its Colombian distributor, Casaval SA, for a cash consideration of £6. 5m.
FTSE 100 Movers: SABMiller rises on offer speculation; Glencore hammered
The FTSE 100 was trading 96. 88 points or 1. 59% lower at 6,012. 13 by mid-afternoon on Monday.
Apple sells record 13m iPhones in opening weekend
Sales of Apple's new iPhone 6s and iPhone 6s Plus totalled over 13 million in the company's opening weekend, in line with analysts’ expectations.
US personal income and spending grow more quickly than expected in September
US personal incomes slowed slightly in September, but from an upwardly revised level for the previous month.
Cellcast posts drop in revenue as it warns over future profitability
Cellcast posted a drop in revenues for the six months to 30 June, as it warned over future profitability.
Vmoto inks supply deal with Canadian telematics company
Vmoto has inked a new international supply agreement with Canadian telematics company Saturna Green Systems Inc.
SSI's Redcar plant mothballed with loss of 1,700 jobs
SSI, the UK’s second-largest steelmaker behind Tata,has mothballed its Redcar iron and steel operations on Teesside with the loss of 1,700 jobs, blaming the “continuing background of poor steel trading conditions" and declining steel prices.
Alcoa moves to split into two companies, avoid forced sales
US aluminium producer Alcoa said it will separate its main aluminium producing business from its parts-manufacturing operations.
Criminal investigation over Volkswagen emissions scandal
German prosecutors have opened a criminal investigation into former Volkswagen AG chief executive Martin Winterkorn over the VW emissions scandal, Bloomberg reports.
Ultra Electronics boosted by JPMorgan upgrade
Ultra Electronics got a boost as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’.
PeerTV needs to continue raising funds despite narrowing first half losses
PeerTV has increased turnover and reduced losses in the six months to 30 June, but its chairman said it needs to continue to raise funds for the company.
US pre-open: Futures edge lower amid disappointing Chinese data
US stock futures edged lower on Monday, as Wall Street remained wary of the slowdown in the Chinese economy.
Investec downgrades Speedy Hire on profit warning
Investec downgraded Speedy Hire to ‘hold’ from ‘buy’ and put its 100p price target under review until it gets more clarity on a turnaround after the company issued its second profit warning in three months.
Europe midday: Stocks push lower on growth concerns; VW and Vodafone slump
European stocks pushed lower, extending early falls as growth concerns resurfaced following disappointing Chinese data and comments from International Monetary Fund head Christine Lagarde.
Subdued demand leads to Havelock Europa revenue dip
Furniture and interiors provider Havelock Europa has posted a dip in half year revenues as it contends with subdued demand in the UK retail and financial services sectors.
London midday: Mining stocks, China data drag FTSE lower
UK stocks were in the red on Monday, led by Glencore after a broker warned the mining company holds little value for shareholders.
Asia: Equity markets struggle for direction amid more sluggish data from China
Asian markets began the week on a mixed note, as sluggish data from China tempered sentiment in the region.
Glencore tumbles as Investec warns it holds little value for shareholders
Glencore shares tumbled on Monday on the back of a fairly downbeat assessment from Investec, which warned the stock holds little value for shareholders.