Market Pulse
iEnergizer makes some top level changes
iEnergizer was making some top-level changes to its management team on Tuesday, announcing the re-appointment of Anil Aggarwal as Chief Executive Officer and the appointment of Richard Day as Chief Financial Officer.
Glencore's cost cuts, equity move convince RBC to upgrade
Glencore has been upgraded from ‘sector perform’ to ‘outperform’ by RBC Capital Markets, and had its target price raised from 115p to 135p.
InternetQ reveals sizeable growth courtesy smartphone revolution
InternetQ was riding the wave of the smartphone revolution on Tuesday, revealing sizeable growth in revenue across its operations in a trading update for the year to 31 December 2015.
FCA fines ex JPMorgan banker for part in 'London Whale' trades
The Financial Conduct Authority has fined the former head of JPMorgan’s CIO International division £792,900 for failing to be open and cooperative with the financial watchdog at the time of the ‘London Whale’ trades.
British Airways launches flights from Stansted
British Airways will start flying from Stansted this summer as it looks to take on the low-cost airlines.
Tungsten Corp says third quarter in line with market views
Tungsten Corporation said trading in the third quarter was in line with market expectations and revenue for the full year is expected to be broadly in line with previous guidance.
Asia: Nikkei slides as investors flee to safety
Stocks in Japan fell more than 5% on Tuesday, and the yield on the country's benchmark government bond slid into negative territory for the first time as investors showed signs they were huddling under safe havens.
Legal & General updates market on bond portfolio
As it looked to assuage investors’ fears over its bond portfolio, insurer and investment manager Legal & General updated the market with details of its annuity bond portfolio on Tuesday.
Antofagasta slumps on Goldman Sachs downgrade
Antofagasta was under pressure on Tuesday after Goldman Sachs downgraded the stock to ‘sell’ from ‘neutral’ and slashed the price target to 250p from 440p on the back of lower copper price forecasts.
Britvic appoints SuperGroup boss and SABMiller MD to board
Britvic has appointed Euan Sutherland and Sue Clark as independent non-executive directors.
London open: Stocks waver in early trade; miners weak
Stocks in London flitted between small gains and losses as concerns about global growth continued to weigh on investors’ minds, with miners suffering the heaviest declines.
Europe open: Equity markets in the red as bank stocks weigh
European stocks edged lower in early trade, unable to hold on to opening gains following downbeat sessions in the US and Asia, as concerns over global growth took hold again.
Northgate appoints former Spirit Pub CFO as FD
Light commercial vehicle hire specialist Northgate has appointed Patrick Gallagher as group finance director with effect from 22 February.
Grocery sales return to slow growth after disappointing Christmas
After a disappointing Christmas sales period, the British grocery market has returned to slow growth according to Kantar Worldpanel.
ICAP third quarter revenues dip on difficult market conditions
ICAP’s third quarter revenues have dipped due to a drop in revenue from its electronic markets division.
Retail sales surge back in January, BRC data shows
UK retail sales in January were much stronger than expected, expanding by 2. 6% on a like-for-like basis compared to the same month last year, versus a consensus forecast of 0. 3%.
Allied Minds marks 2015 as year of investment
Allied Minds laid out 2015 as a year of investment, rather than cashflow, as it updated the market on Tuesday of its trading in the 12 months to 31 December 2015.
Inchcape appoints Richard Howes as CFO
Automotive retail and services company Inchcape has appointed Richard Howes as its new chief financial officer.
Redrow doubles dividend as first half profit rises
Housebuilder Redrow posted a rise in first half pre-tax profit as revenue and completions grew.
Tui maintains course despite shifting sands in first quarter
Tui rode out the shifting geopolitical sands in the first quarter and reiterated its full year guidance, as demand for sunny holidays shifted away from south eastern Europe to safer climes.