Market Pulse
UK has exited period of heightened risk, FPC says
Britain’s financial system has exited from the period of heightened risk aversion and balance sheet repair which followed the financial crisis, the Financial Policy Committee said in its December report.
Eurozone manufacturing sector gathers pace in November
The manufacturing recovery in the Eurozone gathered momentum in November, data released on Tuesday showed.
African Potash inks fertiliser JV with Beryl Holdings
AIM-listed exploration company African Potash has signed an agreement with South African investment firm Beryl Holdings to expand and enhance its fertiliser trading operations in Southern and Eastern Africa.
Digital Barriers wins £1.9m of Asia Pacific contracts
AIM-listed Digital Barriers said it has won two contracts in the Asia Pacific region, valued at a total of £1. 9m.
German unemployment hits record low in November
German unemployment declined more than expected in November, figures released on Tuesday showed.
London open: Stocks boosted by banks after BoE's stress test results
UK stocks rebounded on Thursday, supporting by banking stocks after the Bank of England’s stress tests showed Britain’s biggest lenders were strong enough to survive another recession.
Linde tumbles after cutting 2017 profit forecast
Shares in Linde tumbled after the German industrial gases company cut its 2017 profit targets as it highlighted slowing production growth.
Datatec's subsidiary completes Thomas Duryea deal
Information and communications technology (ICT) group Datatec said one of its subsidiaries has completed the acquisition of sector peer Thomas Duryea Consulting.
Petra Diamonds buys interest in South Africa's Kimberley Mines
Petra Diamonds has acquired an interest in the Kimberley Mines in South Africa from De Beers Consolidated Mines Proprietary Ltd, in a consortium with Ekapa Mining for around $7. 2m.
All seven UK banks pass BoE stress tests
All seven of Britain's largest banks have passed stress tests by the Bank of England, with Governor Mark Carney assuring that no new wave of higher capital requirements was incoming.
Europe open: Stocks waver after mixed Chinese data as investors eye ECB
European stocks wavered in early trade as investors digested some mixed Chinese data amid growing expectations that the European Central Bank will announce additional stimulus measures on Thursday.
Brady bombs following after-hours profit warning
Shares in Brady tanked on Tuesday morning after the commodity trading software company warned sales and profits would be materially below expectation after its markets went from bad to worse, with a major deterioration in trading conditions.
HomeServe appoints new non-exec director
Chris Havemann has been appointed as non-executive director at HomeServe, the home emergency and repair services provider said.
Aggreko non-exec director steps down
Rebecca McDonald is set to retire as non-executive director of Aggreko, the temporary power and temperature control solutions provider said on Tuesday.
AirAsia crash caused by faulty part and subsequent crew actions
A faulty part and subsequent actions by the crew have been cited by Indonesia’s national transport safety committee as the cause of the AirAsia crash in December 2014.
China manufacturing PMI slips to three-year low but services more upbeat
Data released by the National Bureau of Statistics showed China’s manufacturing sector contracted for the fourth month in a row, falling to its lowest level in more than three years.
Tuesday newspaper round-up: Aberdeen Asset Management, Barclays, BoE
The embattled boss of Aberdeen Asset Management has insisted the emerging market specialist is not up for sale as it continued to haemorrhage money from nervous investors. The investment giant – which runs £283. 7bn – has seen almost a third wiped off its value over the past 12 months. This has fuelled speculation that the company is looking for a buyer. But chief executive Martin Gilbert, 60, said he was ‘upset’ by the rumours and insisted he plans to remain at the helm for the next decade, emulating his hero Sir Alex Ferguson, who managed Manchester United until he was 71.
KAZ Minerals produces first copper from Aktogay project
KAZ Minerals has produced its first copper cathode from oxide ore at the Aktogay project in the east of Kazakhstan.
Northgate posts small drop in first half profit but lifts dividend
Northgate posted a slight decline in pre-tax profit for the first half, although it lifted its dividend and reiterated its expectations for the year.
London pre-open: Footsie to edge higher despite China PMIs
Stocks were expected to start the day moderately higher ahead of the release of a raft of manufacturing sector survey results from around the world.