Market Pulse
Networks to vie for mobile spectrum in GBP70m Ofcom auction
Mobile networks are expected to splash the cash in an expensive battle early next year to ensure they keep their share of mobile market in the UK, with the last similar auction drumming up £2. 3bn for the government.
FTSE 100 movers: Aberdeen rises despite dismissed sale rumours
The FTSE 100 started the week in the red, sitting 11. 26 points (0. 17%) lower at 6,432. 82 mid-afternoon on Monday.
CVS Group acquires Highcroft Pet Care
Veterinary services provider CVS Group has completed the acquisition of Highcroft Pet Care for £7. 4m.
Report Aberdeen said to be sounding out buyers denied
Shares of emerging markers-focused fund manager Aberdeen Asset Management were being called to start the morning higher on unconfirmed press reports the firm might be sounding out possible buyers.
Social and security risks from Syria need to be monitored, Citi says
The Syrian crisis risks creating tensions in Europe which need to be monitored, analysts at Citi said.
Duke Energy to acquire rival Piedmont in $4.9bn deal
Duke Energy was set to take over Piedmont Natural Gas to become the 15th largest local distribution natural gas company in the US.
Run higher in Eurozone equities set to continue, JP Morgan says
The rally in commodities, autos and luxury-exposed equity issues had further to run, analysts at JP Morgan said.
Tuesday preview: UK GDP, US durable goods orders, BP's third quarter
UK gross domestic product data on Tuesday is expected to show economic growth slowed in the third quarter compared to the previous three months.
US new home sales slump to lowest level in 10 months
Sales of new single-family homes slumped to their lowest rate in 10 months in September, official data published on Monday showed.
US open: Stocks broadly flat as investors hold fire pre-FOMC meeting
US equity markets were little changed early on Monday, ahead of the Federal Reserve meeting and big corporate earnings later in the week.
Oil price set for recovery in 2016, UAE official says
Low oil prices are headed higher, a top-ranking policy-maker from the United Arab Emirates has said, with a range of $70-$80 per barrel ideal thereafter.
UK manufacturing sector weakens more than expected in October, CBI reveals
Factory output declined for the first time in two years in the quarter to the end of October, but firms expected to see an improvement over the following three months, one of the most widely-followed sector surveys revealed.
Pearson will replace chairman Moreno with US veteran Sidney Taurel
Pearson has appointed drug industry veteran Sidney Taurel to replace outgoing chairman Glen Moreno in January.
Majestic Wine abandons six-bottle rule to fight back against supermarkets
Specialist wine retailer Majestic Wine has abandoned its long-held strategy of only selling wine by the caseload and start selling wine by the bottle from Tuesday as it seeks to compete with the supermarket chains.
Europe midday: Stocks mixed despite massive surprise in German IFO
Shares were holding slightly lower ahead of the US central bank’s policy meeting on Wednesday and the result of a meeting of China’s top-ranking officials.
Deutsche Boerse could strike deal with Chinese financial market operator
Deutsche Boerse and a Chinese financial market operator could strike a cooperation deal soon, Retuers reported.
US pre-open: Futures edge lower ahead of housing data
US stock futures edged slightly lower on Monday, as investors awaited a number of important earnings reports later during the week.
London midday: FTSE drops as CBI highlights UK manufacturing weakness
The FTSE was in negative territory by midday on Monday after a report highlighted weakness in the UK manufacturing sector.
RBS signs up to Facebook's business social network
Facebook has signed Royal Bank of Scotland up to its business social network Facebook at Work.
Asia: PBoC rhetoric boosts stocks but Chinese banks and ASX fall
Most Asian markets opened the week on an upbeat note after Chinese authorities gave the green light to a new round of stimulus measures.