Market Pulse
SocGen downgrades AB Foods on valuation grounds
Societe Generale downgraded Associated British Foods to ‘hold’ from ‘buy’ on valuation grounds as the stock has hit its 3,300p price target.
Aggreko director steps down
Debajit Das has stepped down from his role of director at Aggreko, the power and temperature control solutions provider confirmed on Friday.
Rio Tinto posts mixed bag of production results
Rio Tinto has increased production in most areas, but further declines in copper production let the company down.
Evraz posts mostly positive operational results
Evraz has posted a mostly positive set of operational results, with increases in steel and coal production for the quarter.
Essentra buys pharmaceutical packaging assets
Essentra has agreed to buy the pharmaceutical packaging assets of Kamsri Printing & Packaging for an undisclosed sum.
FDA asks for more data on AstraZeneca diabetes combination drug
The US Food and Drug Administration has issued a complete response letter regarding AstraZeneca’s new drug application for the investigational fixed-dose combination of saxagliptin and dapagliflozin for the treatment of adult patients with type 2 diabetes.
Europe open: Stocks track upbeat sessions in the US and Asia
European stocks rose in early trade, taking their cue from upbeat sessions in the US and Asia.
London open: Stocks open higher on expectations of loose policy by central banks
The FTSE opened on the front foot on Friday after gains in the US as sluggish economic data reduced the chances of an interest rate hike by the Federal Reserve this year.
UKOG granted extension for West Sussex well
UK Oil and Gas (UKOG) said it has begun working on a field development plan after its extension plans for the Markwells Wood-1 well in West Sussex was given the green light by local authorities.
Falkland's Humpback project finds oil and gas but remains behind schedule
Exploring group Falkland Oil and Gas said the Humpback exploration well has found oil and gas shows, while wireline logging indicate there are hydrocarbon bearing sandstones within the main target area.
London Stock Exchange launches CurveGlobal derivatives venture
London Stock Exchange Group has launched a new interest rate derivatives venture, CurveGlobal, with a number of major dealer banks and the Chicago Board Options Exchange.
Vodafone strikes deal with Russia's MTS in Ukraine
Vodafone has struck a deal to extend its strategic partnership with Russian mobile group MTS and expand its scope in Ukraine.
British American Tobacco poised to take Brazil's Souza Cruz private
British American Tobacco has purchased the final necessary number of shares in Brazilian subsidiary Souza Cruz, the country's largest cigarette maker, to enable it to take the company private in coming months.
London pre-open: Stocks set to rise sharply at start of trading
Stocks are expected to start the session comfortably higher thanks to the strong showing put in by Wall Street overnight.
US close: Biotechnology bounces back, good tone in financials
US stocks ended the day sharply higher as investors digested a raft of mixed data, possibly reinforcing the case for the Federal Reserve to stand pat on rates for longer, along with key earnings reports.