Market Pulse
Quindell confirms capital return plans and Watchstone rebrand
Insurance technology group Quindell outlined its capital return plans on Monday and said it was seeking shareholder approval to rebrand itself as Watchstone Group.
EKF Diagnostics boosted by kidney disease study results
A clinical study part-funded by EKF Diagnostics has provided encouraging data about its soluble biomarker in predicting the progression of diabetic kidney disease, which could lead to recruitment of more suitable patients for further trials.
US open: Dow declines as investors seek clues over timing of rate hike
US equities slid early on Monday as investors continued to digest the ramifications of Friday's stronger-than-expected jobs report.
Lonmin launches rights issue at 94% discount as losses widen
Beleaguered platinum miner Lonmin has launched a $407m (£270m) rights issue – a 94% discount to its share price last week – as it struggles to keep afloat amid declining platinum prices and rising costs.
Zurich Insurance plans to cut 440 UK jobs
Zurich Insurance is looking to cut 440 jobs in its UK general insurance business as part of cost-cutting measures and plans to simplify its operating structure announced in May.
FX Round-up: Dollar continues uptick against yen
The dollar corrected against a basket of global currencies on Monday, but continued to trade higher against the yen.
Renault share price drops as French PM rules out Nissan merger
Renault has seen a drop in its share price after the France’s Prime Minister said it does not want a merger with the French car maker Nissan.
Patagonia Gold agrees Uruguay earn-in deal
Patagonia Gold has agreed an earn-in deal whereby it will fund exploration of Canadian company Trilogy Mining’s gold mines in Uruguay in return for up to 100% ownership of the projects.
Unicredit to announce up to 12,000 more job cuts
Italy´s largest bank by assets was set to unveil a radical restructuring plan in a bid to avoid having to go cap in hand to investors for fresh capital, which might cost some managers their seats, according to the Financial Times.
Growth stocks may suffer as Fed begins to raise rates, JP Morgan says
The beginning of monetary policy tightening by the US Federal Reserve should not worry investors, who would do well to continue overweighting consumer discretionary stocks, although the shares of companies that have seen an increase in their price-to-earnings multiples "might suffer", according to analysts at JP Morgan.
Royal Mail CEO says future is about tech innovation
The future of the parcel and logistics business will rely heavily on investment in innovation, according to Royal Mail chief executive Moya Greene.
Redcentric interim profit drops on acquisition costs
IT managed services provider Redcentric posted a drop in first half pre-tax profit as it booked one-off acquisition and integration costs from its purchase of of Calyx Managed Services.
Catalan parliament approves motion to start secession
Meeting in an extraordinary session, the parliament of Spain´s north-eastern region of Catalonia on 9 November approved a text calling for the start of a political process to break-away from Spain and create a Republic.
Range Resources gets drilling operation underway in Trinidad
Oil and gas explorer Range Resources has begun drilling its second exploration well in Trinidad, which will be drilled deeper than originally planned.
AFH Financial set to beat market expectations for the full year
AFH Financial expects its results for the twelve months to the end of October to be above market expectations following a strong second half performance.
JQW warns on profit as operations still on hold
Chinese e-commerce operator JQW has been hit by temporary official restrictions which the board said will hit profit for the full year.
London midday: FTSE little changed as investors digest US rate expectations
Housebuilders were the standout losers on the FTSE 100 after after Friday´s much stronger-than-expected US jobs report for October stoked speculation of rising interest rates worldwide.
Large banks must hold much more capital, Financial Stability Board says
The world's biggest banks will be required to further increase the amounts of capital they hold, increasing their total loss-absorbing capacity (TLAC) in a bid to avoid a repeat of the situation that led to the collapse of Lehman Brothers in 2008.
US pre-open: Futures edge lower as Wall Street awaits further clues on rate hike
US stock futures were slightly lower on Monday, as investors remained wary of making big bets after Friday’s jobs report shortened the odds of an interest rate hike in December.
Europe midday: Equities slip into the red as auto sector skids
European equity markets slipped into the red on Monday as the rally sparked by Friday’s bumper US jobs data lost steam, with auto stocks under pressure.