Market Pulse
Man Group enjoys strong third quarter despite tough background
Man Group sailed happily through the volatile markets of the third quarter as its quantitative fund and discretionary strategies attracted investors and helped the hedge fund company enjoy net inflows during the period.
Redefine International acquires 25% stake in International Hotel Group
Redefine International has acquired a 25. 35% stake in hotel and leisure focused property investment company International Hotel Group Limited (IHGL).
Merkel agrees to work 'constructively' with UK on EU reform
Angela Merkel said Germany would work “constructively” with the UK on EU reform, according to reports on Thursday.
London open: FTSE rebounds ahead of US inflation report
The FTSE rebounded on Thursday from three days of declines as investors dusted off disappointing data in the previous session.
Virgin Money highlights strong growth in mortgage sector
Virgin Money said it has delivered a strong trading performance for the third quarter of the year, with a substantial increase in mortgage lending being the key highlight.
Europe open: Equity markets rebound from two days of losses
European stocks rose in early trade, rebounding from recent losses as expectations of a rate hike by the Federal Reserve were pushed back following disappointing US data in the previous session.
Unilever's third-quarter sales surge and lift full year hopes
Household goods giant Unilever posted a jump in revenue in the third quarter and said it now expects underlying sales growth for the year to be towards the top end of its target range.
WH Smith full-year profit boosted by travel business
Shares in WH Smith rallied after the retailer posted a rise in pre-tax profit for the year on the back of a good performance across the group, with the travel business in particular providing a boost.
Ashmore suffers 13% drop in first-quarter AUM
Fund manager Ashmore reported a 13% drop in assets under management in the first quarter, dented by net outflows and negative investment performance.
Booker interim profit jumps 10%, current trading ahead
Food wholesaler Booker posted a 10% rise in interim pre-tax profit as it said trading in the first four weeks of the current half is ahead of the same period last year.
London pre-open: Stocks to edge higher ahead of US data, Fed speakers
Equity markets in Europe were expected to move higher at the start of trading on the back of overnight gains in the Asian trading session, as investors digest the potential implications of the dovish US Federal Reserve Beige book published on Wednesday night.
Rank Group increases revenue, board confident on outlook
Rank Group’s revenue for first 15 weeks of its new financial year has risen by 7%, giving the board confidence in the company’s prospects for the full period.
Tesco sells Spenhill development sites for GPB250m
Tesco has agreed to sell 14 sites managed by its Spenhill property development arm across London, the South East and Bath for £250m.