Market Pulse
Tracsis boss sells stake
Tracsis’ chief executive John McArthur sold 120,000 shares in the AIM-listed data capture, reporting and resource optimisation company on Friday 8 January.
US close: Stocks end choppy session mixed as oil tumbles
Stocks on Wall Street ended a choppy session mixed, with energy shares lower on the back of tumbling oil prices, as the earnings season gets into swing.
Sector movers: Oil drop pummels resource stocks
Resource stocks saw another familiar drop on Monday following a slump in oil prices and concerns over lacklustre global demand for key commodities.
Commodities: WTI dips below $32 for first time in 12 years
Oil markets saw yet another bearish session on Monday, with the WTI front-month futures contract falling to a fresh 12-year low as oversupply concerns continued to dominate market chatter.
Europe close: Stocks end lower as oil skids lower, China worries persist
European stocks resisted an initial bout of selling pressure on Monday after Chinese stocks ended lower again overnight, but a late bout of selling sent them into the red just before the close of trading as oil prices continued to crumble.
NAHL buys Searches UK for £2.01m
UK marketing and services business NAHL will buy conveyancing search provider Searches UK for £2. 01m, it was announced on Monday.
London close: Stocks close lower on oil price slump, China worries
UK stocks closed lower on Monday as oil prices tumbled again and worries over China’s economic slowdown showed no signs of letting up.
FX Roundup: Euro, commodity currencies head lower
The euro and a plethora of commodity linked currencies headed lower on Monday, while the pound sterling staged a marginal recovery.
Unions vote for three days of tube strikes
Tube drivers have voted to take three days of strike action over pay, the night tube and cuts to station staffing numbers.
FTSE 250 movers: Ocado continues to slump
The FTSE 250 stayed in the red on Monday, down 43. 10 points (0. 26%) to 16,689. 56 by mid-afternoon.
GVC Holdings reports jump in annual revenue ahead of Bwin.party merger
Gaming company GVC Holdings on Monday reported a 10. 2% increase in 2015 net gaming revenue to €247. 7m (£180. 03m) ahead of its merger with Bwin. party.
JP Morgan says sell into any bounce in equities
Some tactical indicators might be pointing to an impending bounce in stock prices, but the longer-term trend remained lower, so investors should sell into any ‘rally’, JP Morgan said on Wednesday.
Uber expands into public transport with new partnership
Uber has joined forces with transportation technology company TransLoc to expand the taxi-ordering service into public transport.
FTSE 100 movers: Anglo surges on report Brazil business sale process underway
The FTSE 100 continued to bounce around on Monday, with the market up 6. 36 points (0. 11%) to 5,918. 80 points by mid-afternoon.
BoE's MPC should be abolished, think-tank claims
The Bank of England’s Monetary Policy Committee has done a “very poor job of managing our money", a think-thank has claimed.
US open: Stocks gain despite China market slump
US stocks gained on Monday as a further slide in China’s market fuelled hopes for additional stimulus measures.
Ladbrokes Coral merger investigation fast-tracked by CMA
The Competition and Markets Authority (CMA) announced it will fast track the proposed merger between Ladbrokes and Coral to an in-depth phase two investigation.
SocGen lowers Brent and WTI oil price forecasts for 2016
Oil would be significantly lower than previously expected in 2016 after the Organisation of the Petroleum Exporting Countries eliminated its production target and with Iranian exports possibly returning to the market sooner than had been anticipated, analysts at SocGen said.
Northgate finance director Chris Muir to leave
Northgate’s group finance director Chris Muir, who has been with the company for over 12 years, will leave with effect from 31 March.
HMRC boss Lin Homer to quit in April
HM Revenue and Customs chief executive Lin Homer is set to leave in April after more than four years in the role, during which time she came under fire for HMRC’s failure to answer millions of calls.