Market Pulse
Credit Suisse starts Equiniti at outperform
Equiniti was “far more” than a registrar and could look forward to profitable growth, a top broker said at the start of the week.
Citigroup upgrades Man as it hails dividend yield and M&A potential
Citigroup upgraded Man Group to ‘buy’ from ‘neutral’ and lifted the price target to 186p from 164p.
Asia: Equities struggle for direction as energy stocks decline
Asian equities began the week on a mixed note, after Friday’s stronger-than-expected US jobs report paved the way for the Federal Reserve to hike interest rates for the first time in almost a decade.
Candover Investment completes exit from Stork investment
Candover Investment said private equity manager Arle Capital Partners has reached a deal to sell asset integrity services provider Stork to Fluor Corp for €695m (£498m).
Glencore set to outperform, Macquarie says
Management at Glencore would not waste the chance to reassure investors about its ability to safeguard its credit metrics at its next investor update, analysts at Macquarie said.
Thalassa expects up to $10m in revenue in seismic service deals
Thalassa Holdings said it expects to generate between $7. 5m (£4. 9m) and $10m (£6. 6m) from its group's two seismic services agreements.
Europe open: Stocks rebound from last week's losses; Electrolux tumbles
European stocks rose in early trade, rebounding from last week’s losses as investors took heart from Draghi's latest comments.
Coal of Africa secures funding for Universal Coal deal
Mining group Coal of Africa has secured financing for its bid for South Africa-focused coal miner Universal Coal.
AO World surges as Ruane, Cunniff & Goldfarb takes 5% stake
Shares in AO World surged on Monday after the online electrical appliance retailer said fund manager Ruane, Cunniff & Goldfarb has taken a 5% stake in the business.
Helical Bar acquires Chiswick site
Property development group Helical Bar has reached a deal to acquire a two-acre office complex in west London from Sapcote Developments.
Barclays' Staley said to be considering deeper cuts at investment bank
Barclays’ new chief executive Jes Staley is reportedly considering deeper cuts at the bank’s securities unit that could see an additional 20% of bankers lose their jobs.
Eurozone investor confidence advances in December
Eurozone investor confidence improved for the second consecutive month but fell short of forecasts, official figures released on Monday showed.
LGO Energy may put itself up for sale as part of strategic review
LGO Energy has begun a formal strategic review of its business and assets to consider all options to maximise shareholder value, as it announced the cancellation of its sale and purchase deal with Trinity Exploration & Production.
Kingfisher slips on Nomura downgrade
B&Q owner Kingfisher was under pressure after Nomura downgraded the stock ‘reduce’ from ‘neutral’ and trimmed the price target to 335p from 340p as it took a look at the general retail sector.
Sentiment among Japanese corporates remains mixed in December
Optimism among Japanese corporates was mixed in December, according to the results of a widely followed survey.
Capital outflows from China pick-up in November
Capital outflows from the People’s Republic of China picked up significantly in November, but that does not foreshadow a “significant” weakening in the currency, according to one think-tank.
London open: Stocks gain as traders process major events
London stocks opened in positive territory on Monday as investors continued to process the previous week's events including the US non-farm payrolls report and OPEC and European Central Bank decisions.
Glencore to axe majority of jobs at Australian mine
Glencore has announced it will cut 180 jobs at its Collinsville mine in north Queensland, Australia, ABC News reported on Monday.
Indivior agrees to repurchase $75m debts
Pharmaceutical group Indivior has agreed a deal to buy back $75m ($49. 8m) worth of syndicated debts.
German output of capital goods jumps in October
Industrial production in Germany grew in October by 0. 2% month-on-month, according to the Federal Office of Statistics.