Market Pulse
Tuesday preview: Chinese trade data, UK inflation figures
Following a quiet start to the week, the pace is set to pick up on Tuesday with the release of Chinese trade data and UK inflation figures.
HSBC whistleblower fails to show up to trial
Herve Falciani, the former employee of HSBC’s Swiss private bank who leaked information on the bank and its clients, failed to appear at his trial on Monday.
AB InBev said to have sweetened its approach to SABMiller
Belgium-based Anheuser-Busch InBev has reportedly sweetened its approach to SABMiller after its London-listed rival rebuffed a third approach at £42. 15 a share last week.
Eli Lilly halts phase III evacetrapib heart drug trials
Eli Lilly called off its phase III trials for its heart drug evacetrapib due to a lack of efficacy, sending its stock sharply lower.
Value of bulk annuity deals to decline in 2015
The total value of deals involving transferring the risk of company-defined pension schemes to insurers is likely to decrease this year, a consultancy group said on Monday.
Hastings shares drop below IPO price
Shares in UK insurer Hastings Group have dropped below their IPO on the first day of trading.
Princeton's Angus Deaton wins 2015 Nobel Prize in economics
Angus Deaton of Princeton University was awarded the 2015 Nobel Prize in Economics for “his analysis of consumption, poverty, and welfare", including in the specific case of the developed world, with the aim of helping design better economic policies.
Investec cuts StanChart to 'hold', says consensus remains far too high
Investec downgraded Standard Chartered to ‘hold’ from ‘buy’ with an unchanged target price of 820p.
Dell to buy EMC for about $67bn
Dell Inc has agreed to buy data storage maker EMC Corporation in a deal worth around $67bn.
One in five jobs paid less than living wage
Approximately six million employees in the UK are being paid below the living wage.
ITV set to scoop up UTV Media this week
ITV was set to scoop up Northern Ireland broadcaster UTV as soon as the current week as company chief Adam Crozier continued on his expansion plans.
Tesco launches immediate price match guarantee
Tesco will become the first UK supermarket to offer immediate price matching at its tills to ensure customers never pay more for their branded shop compared with other leading supermarkets.
Facebook pays £4,000 tax bill in UK
Facebook’s financial statements have revealed it only paid £4,327 in tax for 2014.
US pre-open: Futures nudge higher as Wall Street looks to extend gains
US stock futures edged slightly higher on Monday, as Wall Street looked set to stretch last week’s gains.
Asia: Chinese stocks rally as PBOC pledges fresh stimulus
Chinese equity markets rallied on Monday, buoyed by the People’s Bank of China’s pledge to introduce fresh stimulus measures to boost the country’s economy.
Quantum Pharma surges as subsidiary signs out-licensing deal
Quantum Pharma shares surged on Monday after it said its subsidiary Colonis Pharma has signed an out-licensing deal with a major German pharmaceutical group.
Rolls-Royce slumps on European probe report
Shares in engineering and defence group Rolls-Royce fell sharply as investors got their first chance to react to a press report that European airlines are being forced to enter into anti-competitive contracts to keep their 24,000 aircraft flying.
Europe midday: Stocks struggle for direction; German utilities soar but Rolls-Royce tumbles
European stocks were mixed in a tight range on Monday, struggling for direction in fairly quiet trade with no major economic data releases due.
London midday: Stocks slide on quiet day of news and economic data
London stocks were in the red amid a lack of drivers on a quiet day for news and economic data releases.