Market Pulse
Serco agrees amendments for Australian contract
Outsourcing firm Serco Group and the Australian government have reached a deal to amend the terms of a loss-making deal for Armidale Class Patrol Boats.
Europe open: Equity markets flat to lower with autos under the cosh
European stocks were flat to slightly weaker in early trade as investors paused for breath following the rally sparked by Friday’s bumper US jobs data.
Capital & Counties may sell venues business
Capital & Counties Properties confirmed on Monday that it is conducting a strategic review that could lead to the sale of its venues business.
Hiscox gross written premiums rise in first nine months
Lloyd’s of London insurer Hiscox posted a jump in gross written premiums for the first nine months of the year on the back of a strong performance in insurance lines, particularly in its US and London markets.
Elementis confirms new CEO appointment
Specialty chemicals company Elementis said Paul Waterman will become the new group chief executive (CEO) early next year.
US close: Wall Street ends on mixed note despite strong jobs report
Wall Street finished the week comfortably higher even after the release of a much stronger-than-expected October jobs report that put the possibility of a December interest rate hike by the US Federal Reserve back on the table.
London pre-open: Markets brush off weak Chinese trade data
Investors were set to push the Footsie higher despite the release of weaker than expected foreign trade numbers out of China over the weekend and a strong US jobs report for October, last Friday, that led markets to re-price the likelihood of a Fed hike next month.
Asia-focused investment manager appointed to Merlin board
An Asia-focused investment manager has been appointed to the board of Merlin Entertainments as the company looks to expand its reach in China.
Aggreko sticks to full year guidance despite tough backdrop
Aggreko maintained its full year profit expectations despite a challenging market backdrop, as it reported a fall in third quarter sales.
Inmarsat signs GX Aviation deal with Singapore Airlines
Singapore Airlines will deploy Inmarsat's GX Aviation on-board internet service on its long-haul fleet starting next year, the satellite communications services company said on Monday.
National Grid asks Massachusetts for price increase
National Grid has filed a request with the Massachusetts Department of Public Utilities to update its electricity distribution rates.
InterContinental Hotels says not mulling sale or merger
InterContinental Hotels responded to recent market speculation on Monday, saying it is not considering a potential sale or merger of the company.