Market Pulse
Apple Music converts 6.5m users to paid service
Tim Cook has revealed the company has converted 6. 5m Apple Music listeners from the service’s free trial to paying customers, The Wall Street Journal reported.
ASOS posts small jump in annual profit
Online fashion retailer ASOS posted a 1% rise in pre-tax profit for the year to 31 August as revenue grew, with UK sales particularly strong.
Intercontinental Hotels sees increasing momentum in third quarter
Thanks to encouraging current trading trends, InterContinental Hotels Group posted a rise in third-quarter revenue per available room (revpar) and expressed its confidence in the outlook.
German producer prices decline more than expected in September
German producer prices fell more than expected in September, figures released on Tuesday showed.
Europe open: Stocks waver as investors await fresh catalysts
European stocks wavered in quiet trade as investors awaited fresh catalysts.
Polymetal reiterates annual guidance despite decline in third quarter revenue
Precious metals producer Polymetal International said revenue fell in the first nine months of the year on the back of lower prices.
Aveva tops FTSE 250 on Berenberg upgrade
Shares in engineering software company Aveva rallied in early trade after Berenberg upgraded the stock to ‘buy’ from ‘hold’ and lifted the price target to 2,450p from 1,977p.
Canadian dollar softer after Liberals storm to victory
Canada’s Liberal leader Justin Trudeau swept to an unexpected victory, calling time on nine years of Conservative rule.
Informa reiterates full-year guidance as business information improves
Informa reported revenue growth of 6. 9% in the nine months to the end of September thanks to the publishing, data and events group's “consistent performance”, allowing management to reiterate full-year expectations.
Grainger appoints new finance director
Vanessa Simms has been appointed as the finance director of Grainger, the residential property owner confirmed on Tuesday.
Al Noor Hospitals confirms interest from VPS Healthcare
Al Noor Hospitals confirmed it has received a "highly preliminary" indication of interest from Abu Dhabi-based VPS Healthcare, although no formal proposal or indicative terms were received.
Go-Ahead first quarter in line, on track for full year
Transport operator Go-Ahead Group said its overall trading performance in the first quarter has been satisfactory and it remains on track to meet its full-year expectations for bus and rail operations.
Electra and Exponent to acquire PhotoBox for GBP400m
Electra Private Equity is planning to acquire personalised product company Photobox Group with Exponent Private Equity in a deal worth £400m.
Wood Group wins $31m US contract
Wood Group has won a $31m contract to deliver operations management services to Carbon Creek Energy’s coalbed methane field in Wyoming.