Market Pulse
Broker tips: WPP, Shire, Anglo American
WPP’s shares declined on Monday on the back of third quarter like-for-like sales missing analysts’ estimates, but Investec issued the advertising giant an ‘add’ rating, citing growth in digital and emerging markets.
Citi lowers target price on Anglo American
Analysts at Citi lowered their target price on metals miner Anglo American on the back of the company’s latest production guidance for fiscal year 2015.
Omega Diagnostics increases first half revenue but profit growth to be flat
Omega Diagnostics Group is expecting to report an 8% increase in its revenue for the first half of the year.
US expands Deutsche Bank probe to include possible sanctions violations
An investigation into possible money laundering activities by Deutsche Bank was expanded to include possible sanctions violations, the first such instance against a Wall Street firm.
Manchester United appoint new CFO
Cliff Baty has been appointed as the new chief financial officer of Manchester United, the Premier League club confirmed on Monday.
Fnac's takeover of Darty could create €85m of synergies a year
Fnac, the France-based music and book retailer, said its proposed acquisition of London-listed Darty could create approximately €85m (£61. 1m) per year of synergies before tax.
Investec says 'add' WPP after third quarter trading update
WPP’s shares declined on Monday on the back of third quarter like-for-like sales missing analysts’ estimates, but Investec issued the advertising giant an ‘add’ rating, citing growth in digital and emerging markets.
Europa Oil & Gas sees once-in-a-decade opportunity to drill offshore Ireland
Europa Oil & Gas believes there is a once in a decade opportunity to drill offshore Ireland thanks to the sharp drop in the prices for drilling equipment.
Magnitude 7.5 quake hits Afghanistan
A strong earthquake has struck Afghanistan, with reports it was felt as far away as Pakistan and northern India.
WPP third quarter revenues rise to GBP2.9bn
WPP has reported a healthy rise in revenue for the third quarter, and expects an even better fourth quarter.
Aldi to pay employees £8.40 per hour
Discount retailer Aldi has become the latest supermarket to introduce an increase in staff wages.
Mortgage approvals hit four-month low in September, BBA says
The number of mortgages approved by British banks in September fell to its lowest since May, data released on Monday showed.
Standard Chartered to close two more divisions
Standard Chartered will close its equity derivatives and convertible bonds businesses, Reuters reported.
Electra posts 25% net asset value return for year
Electra Private Equity has increased its net profit by 78% to £332m for the year and posted a net asset value return of 25%.
Europe open: Stocks start modestly lower ahead of Chinese plenum, US Fed meeting
Investors took some money off the table at the start of the week ahead of a much anticipated policy meeting of the US central bank, although the focus was expected to be on the results of the Chinese Communist Party’s plenum to thrash out the country’s next five-year economic plan.
Alent warns of difficult trading conditions in third quarter
Specialty chemicals supplier Alent has warned slower-than-expected trading it experienced in the first half has continued in the third quarter.
London open: Stocks slide ahead of Fed's interest rate decision
London stocks opened the week in the red, reversing gains on Friday after the European Central Bank hinted a further stimulus in December and China cut rates.
Caledonia Investment acquires Gala Bingo
Investment trust Caledonia Investment has completed the acquisition of retail bingo operator Gala Bingo from Gala Coral for £241m.
Randgold Resources pays off Tongon mine shareholder loans
Randgold Resources has paid off its shareholders' loans used to partially fund the Tongon gold mine.
London pre-open: Investors focused on Chinese government's plenum
The Footsie was being called to start the session 18 points lower from Friday’s closing level of 6,444. 08.