Market Pulse
Craven House Capital NAV falls on Pressfit write-down
Merchant bank Craven House Capital posted a drop in net asset value for the year to the end of May, as the company took a hit from the write-down of Pressfit Holdings.
Investec downgrades Pennon Group on strong share performance
Investec has downgraded Pennon Group from ‘buy’ to ‘hold’ after the company’s strong share performance.
BCA Marketplace to pay maiden interim dividend
Used vehicle marketplace BCA Marketplace will pay a maiden interim dividend, on the back of a strong performance in the first nine months of its financial year.
French Connection rallies as it reports strong winter trading
Shares in French Connection surged after the fashion retailer said its performance in winter was better than expected and announced the closure of more stores.
Acal interim revenue and earnings jump; remains confident on European markets
Electronic parts distributor Acal said it was on track to meet its full year expectations after posting a strong set of interim results.
London open: Stocks fall on commodity slump
UK stocks opened in negative territory on Monday as a commodity slump continued to provide a drag.
Volkswagen said to recall 2.46m German cars
Beleaguered car maker Volkswagen will reportedly have to recall 2. 46m cars that were fitted with illegal emission control software in Germany.
Japanese housing starts decline for first time in eight months
Growth in the Japanese housing sector cooled down in October, official figures released on Monday showed.
Europe open: Stocks in the red as investors look to ECB meeting
European stocks were a little weaker in early trade as investors looked ahead to Thursday’s rate announcement from the European Central Bank.
Northgate appoints new non-exec director
Claire Miles has been appointed as non-executive director of commercial vehicle hire group Northgate.
German retail sales miss forecast in October
German retail sales suffered an unexpected decline in October, figures released on Monday showed.
Carillion renews main bank facility
Support services group Carillion has renewed its main revolving bank facility and extended the maturity by nearly three years, from March 2018 to November 2020.
IG Group second quarter revenue to be slightly ahead of first
Spreadbetting and financial firm IG Group said revenue in the second quarter of the financial year would be slightly ahead of the first, although it is too early to predict how the full year will turn out.
Playtech wins five-year deal to operate Sun Bingo
Playtech’s bingo division Virtue Fusion has won a five-year deal with News UK to operate Sun Bingo and Fabulous Bingo.
Aberdeen Asset hit by EM outflows, BHP joint venture facing £3.4bn lawsuit
London open The top flight index is seen starting 13 points lower than Friday’s close of 6,375.
London pre-open: Stocks seen lower on Asian cues
London stocks are called to open lower on Monday following a volatile session in China ahead of the International Monetary Fund’s decision on whether to include the yuan in its basket of global currencies.
Monday newspaper round-up: Climate talks, Deutsche Boerse, bank stress tests, Cyber Monday
India’s prime minister has issued a blunt warning that rich nations still have a moral imperative to lead the fight against global warming, highlighting the challenges facing the UN climate talks starting in Paris on Monday. Weighing into one of the most divisive issues at the talks, Narendra Modi writes in Monday’s Financial Times that advanced countries that “powered their way to prosperity on fossil fuel” must continue to shoulder the greatest burden. “Anything else would be morally wrong,” he says.