Market Pulse
Jefferies downgrades Dairy Crest on valuation
Jefferies downgraded Dairy Crest to ‘hold’ from ‘buy’ on valuation grounds, following confirmation of the Dairies unit sale and last week’s first half results.
Asia: Fresh concerns over China drag stocks lower across the region
Most Asian markets declined on Tuesday, as worries over a slowdown in China intensified after another poor set of economic data.
Barclays cuts European mining sector to 'neutral' on cloudy outlook
Barclays downgraded its stance on the European mining sector to ‘neutral’ from ‘positive’, noting that 2015 has been another bad year.
ITV on track for double digit full year growth
ITV is on track for a double digit growth in full year profit, after posting a strong third quarter book where a thrilling start to the Rugby World Cup made up for England's poor showing.
easyHotel signs deal to expand Middle East footprint
Budget hotel operator easyHotel has signed a master development partnership with MAN Investments to develop its brand in the Middle East.
Barclays downgrades Premier Oil, Cairn Energy
Barclays has downgraded Cairn Energy and Premier Oil and initiated on Faroe Petroleum with a neutral stance as it believes the trio are eclipsed by other stocks in the sector that currently offer a more attractive valuations.
Rockhopper expects $7m revenue from Italian offshore project
Oil and gas explorer Rockhopper Exploration said its partner at the Guendalina gas field offshore Italy had successfully completed the drilling of the GU2-Dir A well.
Rolls-Royce slides as Exane highlights short-term risks
Shares in engineering giant Rolls-Royce slid after Exane BNP Paribas slashed its price target on the stock to 685p from 840p to reflect an additional pullback in the civil aerospace margin and further pressure on shorter-cycle activities.
Oilex workover programme on Cambay field advances on schedule
Oil and gas explorer Oilex has completed the workover on the Cambay -19z well in India and it expects production to begin shortly.
bwin's non-exec director steps down
Daniel Silvers has stepped down from bwin. party’s board of non-executive directors, the online gaming group said on Tuesday.
Redrow confident over full year performance as selling prices rise
In a statement ahead of its annual general meeting, Redrow said it was confident of making significant progress this year following a strong sales performance.
UK retail sales slump as non-food growth slows, BRC-KPMG says
UK retailers endured subdued sales during October, with a disappointingly flat reading for the BRC-KPMG Retail Sales Monitor and a like-for-like decline for the month.
Morrison and Tesco slump on Deutsche Bank downgrade
Tesco and Morrison were under pressure after Deutsche Bank downgraded the stocks as it took a look at the UK food retail sector.
Chinese consumer inflation slows down in October
China’s consumer inflation slowed down more than expected last month, figures released on Tuesday showed.
London open: Equity markets nudge higher as earnings lend support
Stocks in London nudged a touch higher in early trade following losses in the previous session, as investors took heart from some encouraging earnings.
Europe open: Stocks edge higher as investors sift through earnings
European stocks edged higher in early trade following losses in the previous session as investors sifted through corporate releases.
DCC's interim profit grows as lower costs offset decline in revenue
Distribution and logistics group DCC reported an increase in interim pre-tax on the back of an improvement in gross margins, although revenue suffered a slight decline.
BTG's interim profit soars thanks to solid growth across the board
Healthcare group BTG has posted an increase in interim pre-tax profit, boosted by solid growth across all of its divisions.
Aveva swings to first half loss as Schneider deal remains on track
Aveva said it swung to a pre-tax loss in the first half of the year on the back of declining oil prices, adding that it hopes to reach definitive terms on the reverse takeover by Schneider Electric in December and complete the deal by mid-2016.
Experian half year revenue hit by forex headwinds
Experian’s half year revenue has been hit by exchange rates, and the company predicts its going to be an issue for the rest of the financial year.