Market Pulse
UK Mail relocation challenges send profits tumbling
UK Mail’s transition to a new automated facility in Ryton has seen the company’s profits tumble for the first six months of the financial year.
Picton Property sells retail unit for £3.25m
Picton Poperty Income has sold its freehold interest in a high street retail unit in Guildford for £3. 25m, reflecting a net initial yield of 4. 3%.
Transatlantic strategy pays off for Eckoh
Eckoh has seen positive growth on both sides of the Atlantic, according to its interim results reported on Wednesday.
London open: All eyes on US Fed minutes
US rate-setters certainly seem to want to begin raising interest rates as soon as possible, but will they? Should they? Analysts believed the minutes of the Federal Reserve's last policy meeting, which were set to be published on Wednesday evening, might help to shed some light on the debate going on within the central bank.
Peel Hunt cuts Esure to 'hold', says recovery in motor business will take time
Esure shares were on the back foot after Peel Hunt downgraded its stance on the stock to ‘hold’ from ‘buy’, saying the company’s performance has disappointed this year relative to some of its peers as it struggled to raise prices above claims inflation.
UK coal power stations to the phased out by 2025
The UK’s coal power stations will be shut down within the next 10 years, Energy Sectretary Amber Rudd said on Thursday.
Informa to dispose of Dutch businesses
Informa on Wednesday said it was selling its two Dutch conference businesses.
Europe open: Stocks retreat as basic resources drop on copper prices
European stocks slipped in early trade, led lower by basic resources as copper prices declined, with investors looking ahead to the minutes from the Federal Reserve’s October meeting.
Deltex Medical Group launches e-learning initiatives
Deltex Medical Group has launched its first open access Oesophageal Doppler Monitoring (ODM) e-learning courses.
Hastings Group nine month operating profit up 19%
UK insurer Hastings Group Holdings, which listed on the London Stock Exchange in October, posted a 19% rise in operating profit for the first nine months of the year, as gross written premiums advanced.
London pre-open: All eyes on US Fed minutes
UK equities will begin the session slightly lower, weighed down by losses overnight on Wall Street after reports hit the wires of multiple bomb threats in Hannover, Germany.
LondonMetric buys Reading warehouse for £28.8m
LondonMetric Property has acquired a 230,000 square ft distribution warehouse from a private vendor for £28. 8m, which will be funded from existing resources, reflecting a net initial yield of 5. 8%.
Wednesday newspaper round-up: Barclays, Coal, Challenger banks
Barclays faces the prospect of paying a further $100m fine over allegations that it rigged foreign exchange markets. The sum could be finalised as soon as next month, coinciding with the arrival of Jes Staley as the bank’s incoming chief executive. The Wall Street veteran has said that he wants the bank to cultivate a better relationship with industry regulators, as well as customers. - The Times.
US close: Markets finish flat on CPI data
US equities closed flat early on Tuesday, as investors digested inflation data and a report on industrial production.