Market Pulse
Repsol to sell EUR6.2bn of assets, slash spending
Spanish oil company Repsol plans to sell €6. 2bn of non-core assets and cut spending by 38% over the next five years in a bid to pay down debt and maintain its dividends amid declining oil prices.
New York manufacturing conditions worsen in October, Fed survey shows
The Empire State manufacturing index improved a tad in October but the results of the survey were nevertheless rather poor.
Citigroup third quarter results beat forecasts slightly
Financial giant Citigroup’s second quarter profits were boosted by a sharp drop in legal and related expenses and repositioning costs.
Obtala Resources to spin off timber business and list it on AIM
Obtala Resources has begun the process of spinning off its forestry division as it looks to list it as a separate company on AIM during the first quarter of next year.
Thursday newspaper share tips: Take a slice of the Domino's profits
It’s time to order a Domino’ Pizza and take a slice of the profits, according to The Times’ Tempus.
US pre-open: Futures tick higher as investors eye data and key bank earnings
US stock futures rose as investors awaited the release of a raft of data, despite weaker earnings from Goldman Sachs released before the opening bell.
Deezer plans to raise EUR300m in IPO
French music streaming business Deezer said it expects to raise €300m from an initial public offering on the Paris Stock Exchange which would value the company at up to €1. 1bn.
Asia: Reform proposals boost Chinese tech, Nikkei bounces on stimulus hope
Asian equity indices enjoyed a stronger session on Thursday, as the prospects for a US interest rate rise receded and Chinese telecoms and tech sectors were boosted by proposed government reforms.
London midday: Stocks boosted by Chinese lending figures ahead of US inflation
London stocks were on the front foot on Thursday, buoyed by a higher than expected increase in Chinese lending figures.
Europe midday: Stocks bounce back as investors eye slew of US data
European stocks rose, bouncing back from three days of losses as expectations of a rate hike by the Federal Reserve were pushed back following disappointing US data in the previous session.
SSE appoints Helen Mahy as non-exec director
Energy supplier SSE has appointed Helen Mahy CBE as a non-executive director.
Bank of England sets GBP2.2bn retail bank ring-fencing requirement
Proposals by the Bank of England would require the UK's big banks to hold up to £3. 3bn of capital under new ring-fencing rules designed to make their retail operations more resilient to potential market crashes.
Alpha Pyrenees extends debt maturity with Barclays
Alpha Pyrenees Trust has agreed a new extension on its €257. 8m debt facilities with Barclays to 15 April 2016.
HSBC cuts pay of London investment banking staff
HSBC has reportedly cut the wages of London contractors at the investment banking business by 10% as part of its efforts to slash costs.
Zytronic boosts second half revenue, expects larger pre-tax profit
Zytronic reported an improvement in revenue for the second half of the financial year.
Burberry plunges after altering outlook on slower sales in second quarter
Burberry has scrambled to cut costs after sales slowed in the second quarter as the luxury market, particularly for Chinese customers, became "increasingly challenging".
German authorities order Volkswagen to recall 2.4m vehicles
Germany’s automotive watchdog has ordered a mandatory recall of 2. 4m diesel Volkswagen vehicles equipped with software that cheats emissions tests.
Bank of Georgia strikes deal with Saxo Bank
Bank of Georgia Holdings has signed an agreement with Saxo Bank to enable clients to access global capital markets and invest on a multi asset basis.
Peel Hunt upgrades WH Smith to 'add' after results
Peel Hunt upgraded WH Smith to ‘add’ from ‘hold’ and lifted the price target to 1,680p from 1,500p following the company’s full-year results.
Exane downgrades Smiths, says outlook for two largest assets has worsened
Exane BNP Paribas downgraded Smiths Group to ‘underperform’ from ‘neutral’ and cut the price target to 830p from 1,000p.