Market Pulse
Liberum downgrades Jimmy Choo amid increasing competition
Liberum downgraded Jimmy Choo to ‘hold’ from ‘buy’ and slashed the price target to 160p from 210p.
Fenner slumps as it issues another profit warning
Fenner said results for the current financial year are likely to miss its previous expectations, as it swung to a loss in the year to the end of August amid difficult trading conditions.
Sophos Group lifts growth outlook on strong interim trading
Security software and hardware developer Sophos Group has lifted its growth and margin outlook for the full year, after it traded ahead of expectations in the first half.
Drax operations director to step down
Drax’s operations director Peter Emery will leave the company and cease to be a director at the end of the year as part of the group’s transition to a new executive management structure.
Tullett Prebon plunges after sealing deal for Icap's voice broking business
Tullett Prebon has agreed to buy rival inter-dealer brokes Icap's hybrid voice broking and information business in an all-shares deal.
Motoring premiums strengthen esure's year-to-date revenue
esure’s gross written premiums have increased marginally in the year to date, driven by its motoring premiums.
Carlsberg rallies as investors welcome cost-cutting measures
Danish Brewer Carlsberg said it will book $1. 4bn in impairment and restructuring costs and cut staff by around 15% as its third-quarter profit took a hit from its businesses in Russia and China.
Ophir Energy shortlists buyers for Fortuna FLNG project
Ophir Energy has finalised commercial terms for LNG offtake from the Fortuna FLNG Project.
Icap half-year results 'saved' by voice disposal
On the day it confirmed the sale of its voice broking unit, Icap posted half-year results that showed group revenues declined 4%, but that the businesses it has retained both enjoyed positive sales growth.
Tullow Oil lowers production guidance, confirms revenue in line with expectations
Oil and gas explorer Tullow Oil adjusted the full year production guidance from its West Africa operations as it confirmed revenue and costs are in line with annual expectations.
Europe open: Stocks push higher but euro slips ahead of Draghi speech
European stocks rose in early trade as investors looked ahead to a speech by European Central Bank chief Mario Draghi.
London open: Employment data, BoE, ECB in focus
Ahead of today's employment figures in the UK and a speech from ECB president Mario Draghi, in London, data pointing to signs of a possible stabilisation in the Chinese economy helped to shore up market sentiment in early trading.
BBA Aviation reshuffles board of directors
Nick Land has announced his intention to step down from the board of BBA Aviation in 2016, the aviation support and services group said.
Ultra Electronics confident of meeting full year expectations
Defence, security and transport group Ultra Electronics expects its full year performance to be in line with expectations.
Sainsbury's profits slump 18% in first half as price war bites
As like-for-like sales shrank 1. 6% in the first half, Sainsbury's pre-tax profits crashed 17. 9% lower to £308m, though were ahead of the average analyst forecasts of £300m.
SABMiller and AB InBev seal takeover
Anheuser Busch-InBev has made a formal offer to buy London-listed rival SABMiller for £44 a share in cash, the companies confirmed on Wednesday.
Great Portland first half profit, NAV rise on solid leasing activity
Great Portland Estates posted a 15. 7% rise in first half pre-tax profit and a 14% jump in net asset value per share on the back of solid leasing activity.
SSE interim profits boosted by wholesale energy and weather
SSE has posted a jump in adjusted profit, driven by revenue from its wholesale energy portfolio management and electricity generation division.
Chinese investment data for October point to stabilisation
The latest macroeconomic data out of China pointed to fiscal stimulus from Beijing gaining some traction in supporting economic activity, according to one economist, although some analysts were more cautious.
British Land Company signs up 11 new retailers at Meadowhall
British Land Company has secured 11 new lettings at Meadowhall in Yorkshire.