Market Pulse
Europe midday: Stocks lower as investors eye US ADP report
European stocks fell, taking their cue from downbeat sessions in the US and Asia as investors looked to the US ADP employment report for clues ahead of Friday’s non-farm payrolls.
Kennedy talks up Tantalite Valley's tantalising future
Kennedy Ventures was talking up the tantalising future at its majority-owned tantalite operation on Wednesday - the Tantalite Valley mine in southern Namibia.
Barclays and UBS dismiss Hong Kong concerns over Prudential
Barclays and UBS have played down reports that Prudential would be hit by a clampdown on Hong Kong sales of insurance products from mainland China, which sent the shares tumbling 8% on Tuesday.
TechFinancials forms trading platform joint venture
TechFinancials was eagerly looking at an expansion of one of its trading platforms on Wednesday, announcing a joint venture with Hong Kong-based IBID Holdings.
Carnival cruising towards attractive value but Zika a concern, Numis says
Shares in Carnival continues to take on water on Wednesday after sinking almost 8% the day before due to investors reading across from the disappointing results of rival Royal Caribbean Cruises and fears around the Zika virus.
Surface Transforms moving closer to profitability
Surface Transforms was moving closer to profitability with its advanced carbon fibre products on Wednesday, updating the market on its first half results to 30 November 2015.
Walker Greenbank looking at positive year, despite flooding
Walker Greenbank was looking at positive growth in at the end of its financial year, updating the market on Wednesday ahead of its preliminary results.
Mixed broker views on TalkTalk
Exane BNP Paribas has upgraded TalkTalk from ‘neutral’ to ‘outperform’ on the company’s weak share price, however Goldman Sachs downgraded the company from ‘buy’ to ‘neutral’.
Eagle Eye wins big Canadian contract
Eagle Eye Solutions was celebrating its first big international win on Wednesday, having reached an agreement with Canada's Loblaw Companies for its AIR platform.
Johnston Press rallies on pension deficit reduction
Johnston Press said the findings of the study it carried out to assess the liabilities of its pension plan are expected to reduce the present value of the media group’s plan by around £50m.
Canaccord reiterates 'buy' for Foxtons but cuts price target
Shares in Foxtons gained as Canaccord Genuity reiterated its ‘buy’ rating after the UK real estate group reported a solid year of revenue growth.
Home Retail shareholder Old Mutual supports Sainsbury's offer
Old Mutual Global Investors, which has a 3. 6% stake in Home Retail Group, has come out in support of Sainsbury’s bid for the FTSE 250 retailer.
Asia report: Japan leads losses amid oil concerns
Investors were sprinting away from Asian stocks on Wednesday, after a shocker session in the US overnight, with Tokyo leading the downhill run for most of the day.
Eurozone retail sales rise in December
Retail sales in the Eurozone rose 0. 3% in December from the previous month, according to data released by Eurostat.
UK services PMI increase beats forecasts, but order books falling
The UK services sector unexpectedly grew in the first month of 2016, according to the Markit/CIPS services purchasing managers' index (PMI).
Johnson Matthey sales slip but full year outlook in line
Specialty chemicals company Johnson Matthey reported a drop in third quarter sales but said its full year outlook remains in line with market expectations despite challenging conditions.
Hargreaves Lansdown revenue and profit up, just short of expectations
Hargreaves Lansdown has reported an increase in revenue and profit for the first half of the year, however it fell just short of expectations, causing shares to drop over 4% in early trading.
Eurozone businesses see slow start to the year
Markit’s final composite purchasing managers’ index for the Eurozone came in at 53. 6 in January, up a touch from the flash estimate of 53. 5 but weaker than December’s reading of 54. 3.
London open: Stocks drop following declines in Asia, US
UK stocks dropped on Wednesday following declines in Asian and US markets.
Eastern European Property completes sale of Istanbul office
Eastern European Property Fund finalised the sale of its Turkish office space this week, disposing of space at the Nils Passaj property in Beyoglu.