Market Pulse
Results round-up
AFH Financial Group achieved a surge in full year earnings as revenues rose more than market expectations, the company reported on Monday.
First tube strike called off by RMT
Tuesday's 24 hour tube strike has been called off by the National Union of Rail, Maritime and Transport Workers (RMT).
Oil prices to challenge EMEA majors' ratings, Fitch says
Weak oil prices in 2016 will leave five of seven large European oil companies with financial leverage above the level Fitch Ratings normally considers appropriate for their current ratings, by a median of 0. 6x, according to the ratings agency’s latest financial forecasts.
Union calls off London Underground strike
The RMT union has suspended a planned 24-hour strike on the London Underground that was due to go ahead on Tuesday, but said it remained in dispute with Transport for London over pay, plans to introduce Night Tube and station staffing.
Aussie Ex-PM Abbott to remain in politics
Australia’s former Prime Minister Tony Abbott has announced his intention to stay in politics.
Tuesday preview: easyJet reports first quarter interims
easyJet reports its first quarter interims on Tuesday with analysts expecting a positive update on traffic growth and cost reductions.
US open: Stocks decline as oil prices slide
US stocks declined on Monday as oil prices remained under pressure.
GSK, AstraZeneca and J&J join forces with universities for tech transfer fund
AstraZeneca, GlaxoSmithKline and Johnson & Johnson and three leading UK universities are joining forces to try to significantly improve the speed that academic scientific research is translated into new medicines.
FTSE 100 movers: Investors not happy with Kingfisher's transformation programme
The FTSE 100 started the week in the red, with the blue chip market down 21. 22 points (0. 36%) to 5,878. 79 by mid-afternoon Monday.
Tesco in danger of £500m accounting scandal fine, says Cantor
Tesco may be slapped with a fine of up to £500m by the Serious Fraud Office over its £326m accounting black hole, according to Cantor Fitzgerald analyst Mike Dennis.
HSBC cuts targets on global integrated oil majors
Oil markets continued to be strongly oversupplied and the macroeconomic backdrop dire, but 'big oil' was adapting aggressively, which would see it through the storm in the short-term, analysts at HSBC said.
McDonald's fourth quarter numbers beat expectations
Fourth quarter results released by McDonald’s surpassed analysts’ expectations both in terms of earnings and revenue as the launch of all-day breakfasts and unseasonably mild weather provided a boost.
HSBC marks down 2016-18 Brent oil price assumptions
Despite the evidence that crude oil prices were on the mend, and that they were below levels thought to be sustainable, analysts at HSBC lowered their price forecasts for 2016 to 2018 due to the multiple increased risks for the recovery.
Johnson Controls agrees acquisition of Tyco International in tax inversion deal
US industrial conglomerate Johnson Controls and Ireland-headquartered rival Tyco International have agreed to merge, in what is viewed as a sign that US corporates have retained their appetite for large M&A deals despite volatility in global capital markets.
Earthport falls earthwards after focus on margins hits sales
Earthport revealed sales growth slowed in the first half of its new financial year as the cross-border payment group looked to maintain profit margins.
Investec retains 'sell' rating on Kingfisher
Kingfisher’s ‘sell’ rating was reiterated and its target price was put under review by Investec on Monday after the company announced a five-year transformation programme.
US pre-open: Icy atmosphere as oil prices slide again
Despite a blizzard gripping the eastern seaboard, the US markets are expected to open as scheduled but lower as oil prices slide again.
SThree full year profit and revenue jump
Specialist staffing business SThree posted a rise in full-year revenue and pre-tax profit thanks to strength in the group’s ICT and life sciences divisions, which offset a weak performance in the energy unit.
Jefferies keeps 'underweight' rating on property sector
Jefferies has retained its ‘underweight’ rating of the UK property sector and held fast on most of its ratings, but has upgraded Unite Group to ‘hold’.
Europe midday: Stocks in the red as oil drops below $32 a barrel again
European stocks edged lower on Monday as oil prices slid and following softer-than-expected data on German business sentiment.