Market Pulse
Deutsche Bank is not Lehman and this is not 2008, Lex says ...
Deutsche Bank is not Lehman Brothers and this is not 2008.
600 Group slumps as it warns on full year results
600 Group, the AIM-listed distributor, designer and manufacturer of industrial products, said it expects full year results to be below market views amid ongoing weakness in European markets and tough trading in the US.
Babcock secures six year contract with MoD for non-combat vehicles
Babcock International said the UK Ministry of Defence has confirmed its decision to award the group a six-year contract for the provision and management of its 'white fleet' of non-combat vehicles.
Synety Group secures loan facility with Barclays
AIM-listed Synety Group, which provides cloud-based telephony software and services, has secured a £900,000 loan facility with Barclays Bank.
Asia report: Shanghai, Wellington buck regional downturn
The global rally in shares seen at the start of the week ground to a halt in Asia on Wednesday, with most indices in the region slipping as scepticism around a Russia-Saudi Arabia oil production freeze rose.
Negative rates to erode bank profits, says Morgan Stanley
Negative rates are likely to erode bank profits by between 5% and 10%, according to Morgan Stanley.
Gama Aviation acquisition gets clearance to fly
Gama Aviation's Channel Islands expansion received clearance to take off on Wednesday, with the Jersey Competition Authority giving it approval to acquire Jersey Airport-based Aviation Beauport.
Norcon turns around first half disappointment
Norcon was readying the market for good news on Wednesday, hinting at a healthy turnaround from its first half loss, ahead of the release of its full year numbers.
Online retail sales accelerating, IMRG Capgemini data shows
The retail industry shift onto the internet keeps accelerating, with the level of online retail sales growth having more than doubled in January compared to the same month last year.
UK unemployment rate holds steady at 5.1%
The UK unemployment rate remained unchanged at 5. 1% in the three months to December, official data revealed on Wednesday.
Panmure Gordon chairman Ed Warner to step down
Panmure Gordon’s chairman Ed Warner will step down from the role at the company’s annual general meeting in May.
Investec upgrades Reckitt after full year results
Investec upgraded Reckitt Benckiser to ‘hold’ from ‘sell’ and lifted the price target to 6,600p from 5,210p following the company’s full year results.
National Express boosted by Nomura upgrade
National Express was given a boost on Wednesday after Nomura upgraded the stock to ‘neutral’ from ‘reduce’ and raised the price target to 270p from 260p as it took a look at the UK bus and rail sector.
Banking industry veteran appointed to Earthport board
Earthport gained a veteran of the US banking industry on Wednesday, announcing the appointment of John McCoy to its board as a non-executive director.
London open: Stocks gain ahead of UK jobs data
London stocks advanced on Wednesday ahead the release of UK jobs data which is expected to show a fall in unemployment.
London leisure spend lagging provinces, says Coffer Peach Tracker
Trading at the UK’s largest restaurant food-led pub chains saw an encouraging uplift last month, despite London falling behind its provincial cousins and casual dining outperforming pubs and bars in 'dry January'.
Exane upgrades Sainsbury's to 'outperform'
Exane BNP Paribas upgraded Sainsbury’s to ‘outperform’ from ‘neutral’ and lifted the price target to 280p from 250p.
Europe open: Stocks in the black as corporate news provides some cheer
European stocks edged higher in early trade, taking their cue from a positive session on Wall Street as well-received corporate news helped to underpin the mood.
Gatwick's Horse Hill oil well flows naturally
Oil has continued to flow naturally from a discovery well near Gatwick Airport owned by a consortium of oil exploration companies, with the first two tankers of crude sent for refining.
Central bank should not be in a hurry to tighten interest rates, Fed's Rosengren says
The US central bank should not be in a hurry to tighten its policy settings in inflation was set to rise more slowly than predicted, a top policy-maker said.