Market Pulse
Worldpay prices IPO at 240p per share
Payments processor Worldpay announced the successful pricing of its initial public offering at 240p per share, valuing the company at around £4. 8bn and making it the biggest float this year.
US close: Stocks end lower as China data weighs and ahead of key earnings
US stocks ended lower as weak Chinese trade data reignited fears of a slowdown in the world’s second-largest economy and as nerves crept in about the upcoming earnings season.
Barclays says search for new chief still ongoing, despite reports
Reports suggesting Barclays was set to name US investment banker Jes Staley as its new chief over the coming fortnight weighed on the lender’s shares, prompting a reaction.
It would be tough for the Fed to move in October, Bullard says
It would be very difficult for the Federal Reserve to move on interest rates when it meets at the end of October, a top US central bank official said.
Europe close: Equities under pressure amid disappointing data from Germany and China
European stocks were firmly in the red on Tuesday, as negative data from Germany and China weighed on sentiment.
Arrow Global executives sell up as IPO lock-up expires
Arrow Global Group’s executive team have all sold up a portion of their stake in the company following the expiry of the two year initial public offering (IPO) lock-up.
London close: Stocks close lower on UK deflation, weak Chinese trade data
The FTSE 100 ended down 28. 90 points to 6,342. 28 on Tuesday as September data showed the UK experienced deflation and China’s exports and imports declined.
Sector movers: Metal prices drive market down
The London market was pushed lower for most of the day on Tuesday due to falling metal prices throughout most of the day, however started to bounce back as commodities started to rebound.
FX Roundup: Dollar recovers, but pound slips against major crosses
The dollar recovered against a basket of global currencies on Tuesday, while the pound sterling registered declines for much of the European trading session.
Broker tips: Jupiter Fund Management, Ladbrokes, GSK
RBC Capital Markets has upgraded Jupiter Fund Management as it believes current forecasts underestimate the group's inflows and capital returns.
RBC upgrades Jupiter on chunky return estimates
RBC Capital Markets has upgraded Jupiter Fund Management as it believes current forecasts underestimate the group's inflows and capital returns.
AIM fundraisings already being choked by EIS and VCT clampdown
Tighter rules on AIM company fundraising under the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT) are finally expected to be introduced next month, though some firm have already begun feeling the pinch.
European growth expectations drop but appetite for stocks still strong, says BoA Merrill
European growth and earnings expectations have dropped to their lowest levels since the European Central Bank’s quantitative easing was announced, according to the Bank of America Merrill Lynch Fund Manager Survey for October.
Commodities: Oil fluctuates, base metals tumble on China slowdown fears
Base metals registered declines on Tuesday, while oil benchmarks alternated between gains and losses for much of the Asian session, as fears of an economic slowdown in China and oversupply permutations returned to haunt the market.
Possible challenge to Galantas' Northern Ireland gold mine
Galantas Gold Corporation has flagged a possible challenge to its underground mine in Omagh, County Tyrone in Northern Ireland.
General Electric to sell financing unit to Wells Fargo
General Electric has struck a deal to sell GE Capital’s global commercial distribution finance and corporate finance businesses, which have about $32bn of assets and around 3,000 employees, to Wells Fargo.
Wednesday preview: UK jobs data, Chinese inflation, US retail sales
The UK labour market report on Wednesday is expected to show accelerated jobs growth and a pick-up in wages in the three months to August.
M&S reshuffles non-exec board
Andrew Fisher has been appointed to Marks & Spencer Group’s board of non-executive directors, the retailer said on Tuesday.
US open: Stocks decline amid disappointing Chinese trade figures
US stocks edged lower on Tuesday, as Wall Street was left unimpressed by a set of weak Chinese trade data.
FTSE 250 movers: Commodities cause market to slide
The FTSE 250 continued to slide on Tuesday, dropping 94. 11 points (0. 55%) mid-afternoon to 16,892. 84 after much weaker than expected data on Chinese imports in September.