Market Pulse
Toyota recalls 6.5m vehicles due to window defect
Toyota, which has already recalled around 10m cars worldwide as a result of faulty air bags linked to a number of deaths, said it will recall 6. 5m vehicles globally due to a faulty window switch.
ARM Holdings quarterly profit surges as full-year revenues remain in line
Shares in ARM Holdings surged after the chip designer posted a jump in third-quarter pre-tax profit as revenue grew on the back of premium chip pricing and the broadening adoption of its technology, and said it has entered the final quarter of the year with strong royalty momentum.
EU rules tax breaks for Fiat and Starbucks illegal
The European Commission has ruled that tax breaks granted to Fiat Chrysler and Starbucks were illegal under EU state aid rules, and the companies will have to pay tens of millions in back taxes.
Ortac Resources raises GBP800m in discounted share placing
AIM-listed exploration and mine development company Ortac Resources has raised £400,000 in a discounted share placing.
Acacia set to fall short of targets after 'challenging' quarter
Acacia Mining is expecting to fall short on its guidance for 2015, after a “challenging” third quarter.
BoE and PBoC extend sterling/renminbi swap line
The Bank of England and the People’s Bank of China have agreed to renew an existing reciprocal sterling/renminbi currency swap line for another three years.
Lonmin rallies on debt restructuring plans
Lonmin shares rallied as investors welcomed the platinum miner’s announcement of a rights issue and debt restructuring to combat declining prices.
Electra Private Equity slams Sherborne's Bramson for ill-informed claims
Electra Private Equity has hit back at US activist investor Edward Bramson's "ill-judged, ill-informed and ill-founded" attempt to join the board.
UK public finances decline more than expected in September
British public finances were healthier than expected in September, data released on Wednesday showed.
NextEnergy completes multiple acquisitions in £22m deal
Investment company NextEnergy Solar Fund has completed the acquisition of three solar power plants for a combined value of £22. 1m and a combined 18. 3 megawatt peak (MWp).
Smiths Group rallies on Citigroup upgrade
Smiths Group got a boost after Citigroup raised the stock to ‘buy’ from ‘neutral’ and lifted the price target to 1,200p from 1,050p to reflect an improved pension position and stability in the medical and detection businesses.
UBS downgrades Genel Energy on gas business concerns
UBS downgraded Genel Energy to ‘neutral’ from ‘buy’ and cut the price target to 400p from 500p, highlighting concerns that an increasingly complex geopolitical landscape is raising the risk profile of the gas business.
Fidessa on track to pay further special dividend in February
Investment management and information services provider Fidessa revealed it expects to announce a further special dividend when it publishes its full year results in February.
BHP sees copper and petroleum declines but maintains positive outlook
BHP Billiton has seen a drop in petroleum and copper production in the three months to 30 September.
Reckitt Benckiser hikes full-year revenue target
Consumer goods group Reckitt Benckiser lifted its full-year like-for-like sales growth estimate to 5% from a previous range of between 4% and 5% as it posted better-than-expected third-quarter revenue.
Credit Suisse announces capital increase as quarterly profit misses estimates
Credit Suisse announced a capital increase as it posted weaker-than-expected results for the third quarter.
Computacenter's on line to meet annual expectations, despite strong currency headwinds
IT provider Computacenter said trading in the third quarter was hampered by strong currency headwinds, but its outlook for the full year remains in line with expectations.
London open: Stocks open lower as investors sift through earnings
London stocks opened in the red tracking US markets which closed lower for the first time in three days.
Home Retail issues profit warning on Black Friday uncertainty
Argos owner Home Retail Group warned its full-year profits will fall short of expectations due to trading uncertainty caused by Black Friday.
Europe open: Equities undermined as caution creeps in ahead of ECB meeting
European stocks were mostly lower in early trade, with caution setting in ahead of Thursday’s European Central Bank meeting as investors sifted through a raft of earnings.