Market Pulse
Experian slumps after T-Mobile US customers' info breached in hack
T-Mobile customers and potential customers in the US are among the 15m people who may have had their private information exposed after credit agency Experian was hacked.
Emerging markets set to register first capital outflows since 1988 in 2015
Capital flows to emerging markets are set to reverse in 2015 for the first time in almost three decades, following what some observers described as a staggering increase in their levels of indebtedness.
Rentokil completes Steritech Group deal
Pest control and hygiene services provider Rentokil Initial has completed the acquisition of The Steritech Group for $425m in cash.
Electrocomponents sales growth dips in key markets
Electrocomponents’ sales growth in continental Europe kept the company’s revenue up, despite a slow start to July in its key markets.
Tritax Big Box secures new £500m debt facility
Tritax Big Box REIT has agreed a new five-year £500m secured debt facility with a syndicate made up of Barclays Bank, Helaba, Wells Fargo Bank, and N. A. and ING Real Estate Finance UK B. V.
Legal&General in first US risk transfer transaction
London open The top flight index is seen starting the session up to 22 points higher from Thursday´s close of 6,072. 47.
Firstgroup trading in line; UK Rail stands out
Transport operator Firstgroup said overall trading is in line with management’s expectations and its mult-year transformation plans continue to progress, despite a more challenging trading environment in some of the group’s markets.
Friday newspaper round-up: Emerging economies, Syria, Europe
Global investors will suck capital out of emerging economies this year for the first time since 1988, as they brace themselves for a Chinese crash, according to theInstitute of International Finance. Capital flooded into promising emerging economies in the years that followed the global financial crisis of 2008-09, as investors bet that rapid expansion in countries such as Turkey and Brazil could help to offset stodgy growth in the debt-burdened US, Europe and Japan.
Paragon acquires Five Arrows Leasing Group
Paragon Group has acquired Five Arrows Leasing Group through its subsidiary Paragon Bank for £117m.