Market Pulse
Asda confirms redundancy talks, 'hundreds' reported to be cut
Asda has confirmed it is beginning staff consultations on Monday ahead of what could be hundreds of job cuts.
SpaceX rocket falls and explodes on landing
Elon Musk’s SpaceX has suffered another setback after its Falcon 9 rocket fell over and exploded shortly after landing.
William Hill given a 'sell' rating by Investec but target price lifted
William Hill was under the cosh on Monday after Investec reiterated its ‘sell’ rating on the stock following the gaming group’s trading update.
BT promises 1,000 new call centre jobs in next 15 months
BT Group plans to double the size of its UK customer services workforce with an extra 1,000 new jobs before April 2017.
China raises offshore yuan reserve requirements, yuan strengthens
Chinese authorities moved to tighten liquidity in the offshore yuan market on Monday, in what observers said amounted to a short-term move towards increased capital controls to deter speculation against its currency.
World's richest 1% has more wealth than remaining 99%, says Oxfam
The world’s richest 1% now has more wealth than the rest of humanity put together, according to a new briefing paper from Oxfam.
Stagecoach appoints Tim Shoveller as MD of UK Rail
Transport operator Stagecoach has appointed Tim Shoveller as managing director of the group’s UK rail division, which includes South West Trains and East Midlands Trains.
Ceres Power signs development deal with Honda
Ceres Power Holdings has signed a new joint development agreement with Japan’s Honda to develop solid oxide fuel cell stacks using its metal-supported steel cell technology for a range of potential power equipment applications.
Empyrean Energy agrees sale of Sugarloaf interest for initial $62m
Empyrean Energy, the AIM-listed oil and gas developer, has agreed to offload its 3% interest in the Sugarloaf AMI shale oil development for up to $71. 5m cash to Riverstone Holdings vehicle Carrier Energy Partners II (CEP II).
Asia: Stocks mostly lower as oil prices plunge
Asia stocks were mostly lower as oil prices headed further south and China’s central bank introduced measures to stem capital outflows.
GVC appoints Peel Hunt's Batram as head of investor relations
Online gaming operator GVC Holdings has appointed former Peel Hunt analyst Nick Batram to the newly-created role of head of investor relations and corporate strategy.
HSBC upgrades ITV on prospects of strong year
HSBC has upgraded ITV from ‘hold’ to ‘buy’ and increased its target price from 275p to 305p on prospects of what it thinks will be another strong year.
London open: Stocks gain on China measures
UK stocks gained on Monday as China’s central bank introduced measures to stem capital outflows.
Europe open: Stocks push higher despite oil slide; Ericsson, LVMH rally
European stocks rose in early trade, rebounding from last week’s heavy losses and showing some resilience amid a slide in oil prices and weak Asian markets.
Gold production has already peaked, analysts and miners say
The world's production of gold was set to break a seven-year string of increases in 2016, due to a lack of new assets and falling grade ores, the Financial Times said citing analysts and industry executives.
Credit Suisse upgrades Premier Oil on valuation
Credit Suisse upgraded Premier Oil to ‘neutral’ from ‘underperform’, noting the big drop in the share price since it initiated coverage of the stock in December.
Oil futures slide after IAEA gives greenlight for Iran sanctions to be lifted
Oil futures moved sharply lower again at the start of the week after the world’s nuclear watchdog gave the ‘green-light’ for some of the economic sanctions on Iran to be lifted.
Exane upgrades Shire on Baxalta deal
Exane BNP Paribas upgraded Shire to ‘outperform’ from ‘neutral’ and reiterated its 5,700p price target following the company’s agreed merger with Baxalta.
London pre-open: Stocks set to rise despite another slide in oil futures
Equity indices in the UK are being called to begin the session trading slightly higher on the back of a small rise in the Chinese currency and despite another leg lower in crude futures.
Amec Foster Wheeler CEO steps down
Amec Foster Wheeler’s chief executive Samir Brikho is stepping down from his role, the oil and gas engineer announced alongside a very brief trading update.