Market Pulse
Share PLC to miss full-year expectations amid subdued dealing levels
Share PLC said a continuation of current subdued dealing levels for the rest of the year will likely lead to results for 2015 being below market expectations.
JPMorgan downgrades Barratt, Persimmon on valuation but says outlook still positive
JPMorgan Cazenove downgraded its stance on Barratt Developments and Persimmon, but upgraded Crest Nicholson as it took a look at UK housebuilders.
RWS Holdings nabs Corporate Translations for USD70m
RWS Holdings has acquired US-based life sciences translation and linguistic validation provider Corporate Translations Inc (CTi) for a cash consideration of $70m, which is expected to be "immediately and significantly" earnings enhancing.
LPA Group on track to beat full-year market expectations
LPA Group said that after a much stronger performance in the second half, results for the year are likely to be ahead of market expectations.
Compass moves south after Credit Suisse downgrade
Compass Group slumped after Credit Suisse (CS) downgraded the catering company's stock to ‘underperform’ from ‘neutral’ and trimmed its target price to 1050p from 1,100p.
WPP snaps up video design agency ManvsMachine
Media behemoth WPP has strengthened its creative video offering with the acquisition of London design studio ManvsMachine.
UK manufacturing sector gains momentum in October
Growth in the UK manufacturing sector gained momentum in October, data released on Monday showed.
HSBC grounds EasyJet and IAG
HSBC downgraded EasyJet to ‘reduce’ from ‘hold’ and cut the price target to 1,600p from 1,800p.
Mondi gobbles Korean pet food pouch maker
Paper and packaging company Mondi has signed an agreement to acquire a 95% stake in South Korean flexible packaging company KSP for an undisclosed sum.
Eurozone manufacturing PMI higher than expected in October
The Eurozone manufacturing sector expanded at a slightly faster pace than anticipated in October, data released on Monday showed.
HSBC posts jump in third-quarter profit, but underlying numbers miss estimates
HSBC posted a better-than-expected 32% rise in third-quarter pre-tax profit thanks to the bank’s cost-cutting programme and reduced fines, but underlying profit missed estimates.
Ryanair first-half profit soars 37%
Ryanair posted a 37% rise in first-half profit after tax as it said full-year net profit will be towards the upper end of its guidance range and lifted its traffic target.
Henderson acquires Australian businesses
Investment company Henderson Group has completed the acquisition of Perennial Fixed Interest Partners Pty and Perennial Growth Management Pty from IOOF Holdings for an undisclosed amount.
Europe open: Stocks nudge lower after Chinese manufacturing data
European stocks nudged a touch lower in early trade as investors digested mixed Chinese data.
Old Mutual unveils new CEO, says Nedbank posts increase in Q3 profit
UK insurer Old Mutual said Nedbank Group, its majority-owned South African banking subsidiary, posted an increase in net interest income for the first three quarters of the year.
London open: Stocks slide on further contraction in China manufacturing
UK stocks dropped after a worse-than-anticipated report on Chinese manufacturing added to concerns about the slowdown in the world’s second largest economy.
Shell completes sale of two downstream businesses
Royal Dutch Shell has completed the sale of its Butagaz liquefied petroleum gas business in France to DCC Energy for €464m following the announcement in May.
London Stock Exchange completes Proquote sale
London Stock Exchange Group has completed the sale of Proquote to supplier of technology for financial markets IRESS.
Ophir Energy plugs and abandons Soy Siam prospect well
Ophir Energy has plugged and abandoned the G4/50-10 exploration well that was testing the Soy Siam prospect in Thailand after all reservoirs were dry and no hydrocarbon shows were encountered.
Mixed Chinese October manufacturing PMIs
At 49. 8 China's 'official' manufacturing sector purchasing managers' index for October came in just shy of the 50. 0 mark expected by the market, reflecting a third consecutive month of contraction in the sector.