Market Pulse
EEF survey warns of slowdown in UK manufacturing sector
The British manufacturing sector faces a slowdown in growth, a survey showed on Monday.
Serco slumps as it warns over 2016 profit
Shares in Serco fell sharply after the outsourcer said it expects revenue and trading profit to fall in 2016 partly due in part to the disposal of its offshore call centre, although underlying profit for 2015 is expected to be ahead of guidance.
Scottish Investment Trust posts full year NAV per share total return of 4%
The Scottish Investment Trust said net asset value per share total return in the twelve months to the end of October was 4%.
Derwent completes Wedge House sale
Real estate investment trust Derwent London has received £33. 5m from Ennismore after completing the sale of a property in South London.
Satrazemis steps down from Aggreko executive role
Asterios Satrazemis will step down from his role as president of Aggreko’s rental solutions division.
Sovereign Wealth Funds pull money from asset managers at record pace
The drop in commodity prices forced sovereign wealth funds to raid their piggy banks, by dipping into their funds at asset managers at a record pace.
Meggitt's revenue growth to be minimal in 2016
FTSE 100 engineering company Meggitt has revealed it expects full year 2016 organic growth to be in the “low-single-digits”, continuing on from this year’s second half weakness.
Monday newspaper round-up: Stamp duty, manufacturers, RBS, North Sea
Sales of homes costing more than £1. 5m have fallen by one-fifth in the year since the government introduced reforms to the stamp duty tax on property purchases. Under the changes introduced in December 2014, the “slab” system was swept away in favour of a progressive levy, under which properties that cost more than £938,000 incur a bigger charge. – Financial Times.
UK insurers receive approval for solvency II rules
The top flight index is seen starting 32 points higher than Friday’s close at 6,270.
London pre-open: Stocks seen higher on positive Asian cues
London stocks are called to open higher on Monday, taking their cue from upbeat Asian markets.