Market Pulse
Europe open: Stocks bounce back as investors eye Yellen's testimony
European stocks pushed higher in early trade, bouncing back from heavy losses in the previous session as investors sifted through a slew of earnings and looked to Federal Reserve chair Janet Yellen’s testimony before Congress.
Atkins remains stable despite some trading headwinds
WS Atkins continued to trade in line with expectations in the three months from 1 October 2015, the company's fiscal third quarter, despite difficulties in some markets.
Kier Group awarded extension to Surrey highways contract
Kier Group's road maintenance contract with Surrey County Council has been extended.
Qinetiq reaffirms guidance but warns defence market "uncertain"
Qinetiq reaffirmed its guidance for the full year but cautioned the UK defence market remains uncertain.
Bellway on target for 10% full year volume growth
Housebuilder Bellway reported strong growth in first half housing completions and said it remains on target to deliver a 10% rise in full year volumes.
London pre-open: All eyes on Yellen, negative bond yields
Markets were expected to tread water at the start of trading on Wednesday, as investors waited on a speech by the chair of the US Federal Reserve, Janet Yellen, later in the day.
Hikma cuts cash consideration for Roxane by £370m
Hikma Pharmaceutical's takeover of Roxane Laboratories took on a new shape on Wednesday, with the cash consideration being almost halved off the back of significantly lower revenue projections.
Wednesday newspaper round-up: Deutsche Bank, UBS, Royal Mail, oil
Deutsche Bank is considering buying back several billion euros of its debt, as Germany’s biggest bank steps up efforts to shore up the tumbling value of its securities against the backdrop of a broader rout of financial stocks. After European banks suffered a second consecutive day of sharp falls, Deutsche Bank is expected to focus its emergency buyback plan on senior bonds, of which it has about €50bn in issue, according to the bank. The move was unlikely to involve so-called contingent convertible bonds [cocos] which, along with the bank’s shares, have been the butt of a brutal investor sell-off in recent days, people briefed on the plan said.