Market Pulse
European airline stocks hit by oil prices, Credit Suisse downgrade
European airline stocks fell sharply on Wednesday, dragged lower by rising oil prices and a downgrade by Credit Suisse.
FCA begins review into mortgage sector competition
The Financial Conduct Authority (FCA) has begun its review into the mortgage sector as it launched a ‘Call for Inputs’ on competition on Wednesday.
Morgan Stanley lifts stance on European miners; bumps up BHP, Rio and Anglo
London-listed miners Rio Tinto, BHP Billiton and Anglo American got a boost on Wednesday after Morgan Stanley upgraded its stance on all three stocks, as it lifted its view on the European metals and mining sector to ‘attractive’ from ‘in line’.
Tesco interim operating profit more than halves
Supermarket retailer Tesco posted a 55% drop in first-half operating profit as discount retailers continue to take their toll, and warned the grocery market remained challenging.
Over 77,000 cars hit by VW emissions scandal in Australia
Volkswagen has revealed 77,149 vehicles in Australia have been fitted with emissions test cheat software.
Marks & Spencer slides on JPMorgan downgrade
Marks & Spencer was under pressure after JPMorgan Cazenove downgraded the stock to ‘neutral’ from ‘overweight’ and cut its price target to 550p from 600p.
UK industrial production beats expectations in August
Industrial production in Britain grew more than expected in August, data released on Wednesday showed.
UK manufacturing production grows in August
Manufacturing production in Britain grew more than expected in August, data released on Wednesday showed.
EasyHotel annual revenue up year-on-year
Budget hotel operator easyHotel has revealed revenue for the year is “materially ahead” of the previous year.
Japan leading index hits lowest level since 2014 in August
Japan’s leading index, which tracks the future economic activity in the country, dropped to its lowest level since 2014 in August, data released on Wednesday showed.
Europe open: Shares led higher by mining and oil sector; German data shrugged off
European equity markets edged higher in early trade, underpinned by strength in the basic resources and oil and gas sectors, as investors shrugged off another disappointing German data release.
Bank of Japan opts against extending stimulus
The Bank of Japan has opted against extending its stimulus measures, even though its inflation target is under threat amid slumping exports and a decline in oil prices.
London open: Mining shares lift equities higher
London stocks advanced on Wednesday, lifted higher by mining shares as metal prices rose.
Market overview: Miners gain, airlines, Tesco move lower
0849: Miners are in the lead early on and airliners' shares on their back foot out on both the top flight index and its second-tier counterpart. Stock in Tesco is also lower after the grocer announced operating profits more than halved. Industrial output data for August is scheduled for release at 09:30. FTSE 100 up 13. 12 points to 6,339. 39.
Fastjet gets licence to operate from Zimbabwe
Low-cost airline Fastjet has been granted an Air Operator Certificate by the Civil Aviation Authority of Zimbabwe, which gives it a licence to operate both domestic and international routes within and from Zimbabwe.
Ombudsman ruling to have million pound impact on IG Group
IG Group will correct a number of client accounts at a total cost of £1m after a ruling from the Financial Ombudsman Service.
Nostrum withdraws offer for Tethys Petroleum
Nostrum Oil & Gas has withdrawn its proposed offer to acquire Tethys Petroleum and supply it with interim funding.
German industrial production slumps in August
German industrial production slumped in August, amid a sharp decline in the output of capital goods.
Electra Private's subsidiary completes MIMS sale
Investment trust Electra Private Equity has said one of its portfolio companies has completed the sale of MIMS, its Asian healthcare information business, to SMS and Mitsui for $250m.
Spanish industrial production August
Spanish industrial production declined by 1. 4% month-on-month in August, more than reversing the previous month’s rise of 0. 7%, data from the country's statistics office revealed.