Market Pulse
FCA unveils plans for asset management competition study
The Financial Conduct Authority has unveiled its plans for a study on competition in the UK asset management industry.
Fewer UK households expect rate hike in next six months, says Markit
UK households have scaled back their expectations for an interest-rate hike by the Bank of England, according to Markit’s Household Finance Index for November.
Rolls-Royce profit warning unlikely to be the last, says Investec
Rolls-Royce’s latest profit warning is unlikely to be the last, Investec said on Wednesday as it slashed its price target on the stock to 420p from 520p.
Applications for US home mortgages rebounds, MBA says
Applications for US home mortgages rose last week, data released on Wednesday showed.
Goldman Sachs adds Apple to 'conviction buy' list
Goldman Sachs added Apple to its ‘conviction buy’ list, keeping the 12-month price target at $163.
FCA decision on Playtech/Plus500 deal delayed to December
A decision by the Financial Conduct Authority on online gambling company Playtech's £460m takeover of contracts-for-difference broker Plus500 has been pushed back to December.
US housing starts decline sharply in October
Construction on new US homes suffered a sharp slowdown in October, figures released on Wednesday showed.
Breedon Aggregates to buy Hope Construction for £336m
Breedon Aggregates has agreed to take over its retail rival Hope Construction Materials for £336m.
Bigger portfolio, lower earnings for HICL Infrastructure
Earnings at HICL Infrastructure were down significantly in the six months to 30 September 2015, the company reported on Wednesday morning.
Impact of terrorist attacks will be transitory, Fed's Lacker says
Speaking on CNBC’s “Squawk Box” programme, the president of the Federal Reserve bank of Richmond, Jeffrey Lacker, said he still saw a need for interest rates to rise – immediately – Stateside.
Wednesday newspaper share tips: Smiths Group's pension contributions make it a buy
Both The Times’ Tempus and The Telegraph’s Questor kept a close eye on Smiths Group in the papers on Wednesday.
NewRiver Retail boasts record interim results
NewRiver Retail reported record first half results on Wednesday, with pre-tax profits more than tripling.
London midday: Stocks flatline ahead of Fed minutes
Stocks were flatlining at the mid-point of the sessions, as investors braced for the release on Wednesday night of the minutes of the US Federal Reserve's policy meeting in October.
Market pricing for first rise in Bank Rate may mislead, BoE's Broadbent says
Market pricing around the timing of a Bank of England interest rate rise could be misleading if investors read too much into forecasts, the Deputy Governor of the Bank of England cautioned on Wednesday.
Asia: Markets struggle for direction ahead of release of Fed minutes
Asian equity markets endured a mixed session on Wednesday, as investors remained edgy ahead of the release of the minutes from the latest US Federal Reserve meeting.
US pre-open: Futures edge higher ahead of release of Fed minutes
US stock futures edged slightly higher on Wednesday, as investors awaited the release of the minutes from the latest Federal Reserve meeting.
Europe midday: Stocks push lower as investors await FOMC minutes
European stocks fell on Wednesday, with sentiment knocked by the latest developments in Paris, as investors looked ahead to the minutes from the Federal Reserve’s October meeting.
Hunting rallies as Goldman Sachs says recovery is undervalued
Oil service group Hunting got a boost on Wednesday after Goldman Sachs reiterated its ‘buy’ rating on the stock, adding it to its ‘conviction list’ as it said the valuation offers a good buying opportunity.
Eurozone industrial production declines for first time in three months in September
Industrial production in the Eurozone declined for the first time in three months in September, figures released on Wednesday showed.
Soco International tanks as 2016 output guidance disappoints
Soco International tanked after its 2016 guidance left investors disappointed.