Market Pulse
Tritax Big Box thrives on continued logistics demand
Tritax Big Box, the real estate investment trust focused on logistics warehouses, lifted net asset values 15. 7% over the course of 2015 and confirmed the final dividend would be 3p per share.
BHP Billiton dividend cut looming large, UBS warns
BHP Billiton will cut its dividend after being mauled by a combination of one-off costs, impairment charges and commodity prices at multi-year lows, UBS predicted on Thursday.
Weaker yuan not in China's best interests, China's Fang says
A weaker currency is not in the best interest of the People's Republic of China, one of the Asian giant's top officials told a panel at the World Economic Forum in Davos, Switzerland.
Europe midday: Stocks in the black as attention shifts to ECB's Draghi
European stocks edged higher on Thursday, recovering from heavy losses in the previous session as investors looked ahead to comments from European Central Bank chief Mario Draghi.
Asia: Stocks remain under pressure amid China woes, oil price slump
Asia stocks were under pressure on Thursday as Japan’s central bank ruled against negative interest rates to boost the economy, while worries over China's economy persisted.
London midday: Stocks rebound after bear market close
UK stocks gained on Thursday, reversing declines in the previous day’s trading and bucking the trend in Asia’s equity markets.
Revenues rise at Laird; sees full-year in line with expectations
Global technology company Laird said it expected full year earnings to be in line with expectations and consistent with its third quarter trading update as 2015 revenues rose.
News Corp says Twitter takeover rumours 'untrue'
Rupert Murdoch's News Corp has denied reports it is looking to acquire Twitter despite the social media company's recent share price weakness.
Kingfisher rallies as BofA ML highlights reasons to be cheerful
B&Q owner Kingfisher got a boost on Thursday as Bank of America Merrill Lynch upgraded the stock to ‘buy’ from ‘neutral’, with an unchanged 380p price target as it pointed to recent share price weakness.
Deutsche Bank tumbles after announcing €6.7bn full year loss
Deutsche Bank slid after it warned that it expects to incur a loss of around €6. 7bn (£5. 2bn) for 2015 due litigation charges, restructuring costs and “challenging” market conditions.
ITV rated 'sell' as UBS begins broadcasting coverage
UBS has initiated coverage on ITV at ‘sell’ with a price target of 230p as it begins covering the European broadcasting sector.
Royal Mail delivers the goods over Christmas
Royal Mail delivered the goods in a strong Christmas period, with UK parcel volumes in December were 6% better than the year before, and said it was on track to reduce UK parcel costs by at least 1% for the full year.
Premier Food leaves sour taste with third quarter result
Mild winter weather and a decision to reduce promotional activity on some products led to Premier Foods disappointing investors with a decline in branded sales over Christmas.
Kennedy Wilson sells off Avon loan portfolio for GBP100.3m
Kennedy Wilson Europe Real Estate has completed the disposal of the underlying collateral to the Avon loan portfolio to an unnamed UK infrastructure fund for £100. 3m.
UK house prices edge higher in November, RICS says
The government’s move to brake home purchases by people looking to rent them out might ironically have had exactly the opposite effect in November, as investors moved to front-run changes in tax legislation, the results of a survey showed.
Acacia Mining to lift gold production
Tanzania-focused Acacia Mining, formerly known as African Barrick Gold, said gold production nudged up in 2015 and announced plans to raise guidance for this year following the ramp-up of the flagship Bulyanhulu mine.
French business confidence holds up in January despite terrorist attacks
French business confidence improved slightly at the start of 2016, showing that sentiment among executives was resilient in the face of falling equity markets, some economists said.
Housing market trends impact Countrywide
Countrywide said it had an “encouraging performance” in the fourth quarter of the year, but current housing market trends have had an impact.
Morana to step down as Zoopla CFO
Zoopla Property Group has announced chief financial officer Stephen Morana intends to leave the FTSE 250 company.
London open: FTSE rebounds after closing in bear market
The FTSE 100 rebounded on Thursday after closing in a bear market in the previous session as China’s central bank made an aggressive cash injection into the country’s financial system.