Market Pulse
Circle Oil eyes fundraising or debt restructuring
As its lending facilities are likely to soon contract, Circle Oil has begun to explore a possible equity fundraising as well as, or instead of, a debt restructuring.
Sophos buys Netherlands-based SurfRight for USD31.8m
IT security company Sophos Group has acquired endpoint threat detection provider SurfRight for a cash consideration of $31. 8m (£21m).
Economists split on outlook for Chinese yuan following central bank announcement
Economists were left somewhat divided as to the outlook for the Chinese currency, the yuan, after the country´s central bank indicated it would begin to calculate and track its value versus a basket of currencies instead of just the US dollar.
Experian sells Hitwise and Simmons businesses for $47m
Information services company Experian has completed the sale of its consumer insights businesses Hitwise and Simmons to California-based private equity firm Symphony Technology Group for $47m (£31. 1m) and up to an additional $5m based on an earnout.
Petroneft production wobbles as wells hit snags
Petroneft, the Siberian oil and gas driller, disappointed investors with news that production has not increased as much as expected due to difficulties at several wells.
Rurelec CEO Keegan throws in towel
Following the collapse of a major shareholder and resignation of its chairman, Rurelec's chief executive Mark Keegan has also resigned with immediate effect.
US pre-open: Markets standing by for Fed decision
US stock futures were flat before the market opened on Monday, as investors standby for a decision from the Federal Reserve on interest rates later this week.
US household goods giants agree USD 13.2bn merger
US household goods giant Newell Rubbermaid has agreed to acquire rival Jarden for $13. 2bn to create a new company to named Newell Brands.
UBS says stay long Japanese yen in 2016
Investors are growing weary of waiting for more policy stimulus out of Japanese authorities, but it will happen eventually and push the yen far lower, analysts at UBS believe.
Positive trading update leads Citi to upgrade Bellway to buy
Citi has upgraded Bellway from ‘neutral’ to ‘buy’ on the back on a positive trading update last week.
Europe midday: Stocks give back gains as oil prices slide
European stocks were mostly lower, giving back earlier gains as oil prices slid below $35 a barrel and nervousness set in ahead of this week’s rate Federal Reserve rate decision.
Broker tips: Bellway, Whitbread, Berenberg
Goldman Sachs has removed Whitbread from its Pan-Europe Buy List, downgrading it from ‘buy’ to ‘neutral’ on the back of its third quarter results.
London midday: Stocks gain after Chinese data, before Fed rate decision
London stocks advanced on Monday as Chinese data impressed and as investors looked ahead to the Federal Reserve’s interest rate decision this week.
Whitbread removed from Goldman Sachs' Pan-Europe Buy List
Goldman Sachs has removed Whitbread from its Pan-Europe Buy List, downgrading it from ‘buy’ to ‘neutral’ on the back of its third quarter results.
UK housebuilders boosted by upbeat BoA ML note
Bank of America Merrill Lynch upgraded its stance on Barratt Developments to ‘neutral’ from ‘underperform’ as it took a look at UK housebuilders.
Berenberg downgrades Cobham on end-market headwinds
Berenberg downgraded Cobham to ‘sell’ from ‘hold’ and cut the price target to 260p from 300p.
Tribal crashes to all-time low after second profit warning
Shares in Tribal Group were speared after the education software and services group issued a four-pronged warning: of lower profits, debts that might breach covenants, a £35m rights issue and proposal to move down from London's full list to AIM.
Eurozone industrial production up more than expected in October
Industrial production in the Eurozone rose 0. 6% in October from the previous month, according to data released by Eurostat.
Audioboom warns over full year revenues
Shares in spoken word audio on-demand platform Audioboom slid after the company said revenues for the year to the end of November increased significantly on the previous year but are below market expectations.
Reckitt Benckiser ordered to pull Nurofen range in Australia
Reckitt Benckiser has been ordered to pull part of its Nurofen pain relief range in Australia.