Market Pulse
London open: Stocks rally on hopes of China stimulus after weak PMIs
London stocks rallied on Thursday after weak Chinese manufacturing data spurred hopes of further stimulus.
Altice launches EUR1.8bn equity raising to fund Cablevision deal
Altice NV said it will launch a 10% capital raising for around €1. 8bn worth of new equity by issuing up to 70m A shares and 24. 8m B shares through an accelerated bookbuilding to finance part of its acquisition of US cable carrier Cablevision Systems Corp.
Better second half boosts Numis' core revenues
Numis Corporation has said full-year revenues from core activities have risen 5% year-on-year thanks to a better second half.
New directors appointed to Hansteen board
Hansteen Holdings has appointed Margaret Young and David Rough to the board effective Thursday.
LondonMetric Property sells retail parks for over £40m
LondonMetric Property has sold two of its retail parks for £43. 4m, it announced Thursday.
London pre-open: Stock set to start fourth quarter on a strong note
Stocks were set to start the session and the last quarter of the year on a positive note, as traders and analysts continued to try and gauge the extent of the recent slowdown in the global economy and its implications for stocks.
Cranswick says first-half revenue slightly ahead
Food producer Cranswick said revenue in the first half of the year was slightly ahead of its expectations and the business remains well-positioned to deliver further growth this year.
Thursday newspaper round-up: Glencore, Property prices, Syria
The chairman of Glencore snapped up 100,000 shares yesterday as the troubled miner and commodities trader told creditors that fears about its potential demise were overblown. Tony Hayward, the former head of BP and the latest in a succession of directors and executives to make a public display of confidence in Glencore’s future, spent £91,000 of his own cash. - The Times.
Rathbone Brothers buys remaining stake in the Vision Group
Wealth manager Rathbone Brothers has agreed to purchase the remaining 80. 1% that it didn’t already own in the Vision Group, which is a an independent specialist financial advice network focusing on high net worth private clients.