Market Pulse
Atlantic Coal reports 26% rise in revenue
Atlantic Coal said its unaudited turnover for the nine months ended 30 September 2015 rose 26% to around $17. 8m and it expects second-half turnover to at least match the first half.
US to reassert freedom of navigation in South China Sea
Washington will step-up its activity in the South China Sea in a move that may lead to diplomatic frictions with the People’s Republic of China.
Tandem to pay extra £0.3m after finalising ESC deal
Sports leisure company Tandem Group said it has finalised the terms for the acquisition of Airwave, Windbar, Jack Stonehouse and Carpzone brands operator ESC.
Fed may hike, but US Treasury yields are going to drop, HSBC says
If central banks ever get around to hiking interest rates, they will do so only very slowly, one of the world’s largest brokers predicted on Thursday.
Soco International slides on UBS downgrade
Soco International was under pressure on Thursday after UBS downgraded the stock to ‘sell’ from ‘neutral’, keeping the price target at 150p.
Idox completes Reading Room deal
Software supplier Idox has completed the acquisition of digital consultancy business Reading Room for £5. 6m.
Peel Hunt downgrades M&S, highlights lack of growth in General Merchandise
Peel Hunt downgraded Marks & Spencer to ‘sell’ from ‘hold’ and cut the price target to 450p from 530p.
1Spatial partners with Laser Scan over US govt agency contract
1Spatial has entered into a contract with Laser Scan to provide geospatial solutions to a US Federal Government Agency – a contract valued at $1m.
Investec reviews UK industrial stocks; upgrades IMI, downgrades Weir
Investec took a look at the UK industrials space, upgrading IMI to ‘buy’ from ‘hold’, while cutting Spectris to ‘hold’ from ‘buy’ and both Vesuvius and Weir to ‘sell’ from ‘hold’.
Flybe signs Regional & City Airports
Regional airline group Flybe Group has clinched a five-year deal with Rigby Group-owned Regional & City Airports for one E195 aircraft to serve Exeter and Norwich airports.
UK Mail Group's operation director steps down
UK Mail Group’s operations director Carl Moore has stepped down from his role, the delivery company said on Thursday.
Fastjet signs sales deal with Emirates
Fastjet and Emirates have signed a sales and distribution contract that will give passengers access to the African airline’s growing route network.
Telit secures multi-million dollar Dutch contract
Telit Communications has secured a $30m contract to supply modules to the Netherlands for a leading smart meter vendors.
City of London Investment Group funds under management drop
City of London Investment Group said it’s hopeful of adding at least a net $250m to funds under management in the next six to nine months.
Inchcape's Vicky Bindra resigns as non-exec, Nigel Stein appointed
Inchcape said Vicky Bindra has resigned as a non-executive director with immediate effect following his appointment to a new executive role and relocation to San Francisco.
Capita appoints former ITV director to non-executive board
Management services provider Capita has appointed John Cresswell as independent non-executive director.
House price growth slowdown in September only temporary , RICS says
The growth in house prices in Britain slowed down in September but that was unlikely to last, data released overnight on Thursday showed.
German trade balance misses forecast in August
Germany’s trade surplus fell short of forecasts in August, as exports registered their biggest decline in almost seven years.
Europe open: Stocks waver after more disappointing German data; investors eye ECB minutes
European stocks fluctuated between gains and losses as investors mulled over another set of disappointing German data, ahead of the release of minutes from the European Central Bank’s latest policy meeting.
VW's US boss knew of "possible emissions non-compliance" in 2014
Volkswagen’s US boss has admitted he was informed about a "possible emissions non-compliance" in 2014, Sky News reported.