Market Pulse
Auto Trader adds mobile industry veteran to board
Auto Trader welcomed a mobile industry stalwart on Thursday, announcing the appointment of Jeni Mundy as an independent non-executive director and member of the Audit, Remuneration and Nomination Committee from 1 March.
Eurozone current account surplus narrows
The current account surplus in the Eurozone narrowed in December, according to data from the European Central Bank.
JPMorgan upgrades Rolls-Royce, expects more positive news flow
JPMorgan Cazenove upgraded Rolls-Royce to ‘neutral’ from ‘underweight’ and lifted the price target to 690p from 395p.
Centrica profit and earnings slip but beat expectations
British Gas owner Centrica reported a 15% drop in pre-tax profit for 2015 as revenue declined, but earnings were still ahead of expectations.
Tullow Oil slumps as it flags potential issue on Jubilee field vessel
Shares in Tullow Oil sank after the oil and gas exploration company said it had identified a potential issue with the turret bearing on the vessel serving its Jubilee field offshore Ghana.
Indivior lifts profits but promises last dividend for foreseeable future
Profits and sales from Indivior both fell by less than expected as the speciality pharmaceuticals business completed an encouraging first year as a public company since being demerged from Reckitt Benckiser.
London open: Stocks decline after China inflation misses forecasts
The FTSE 100 was in the red on Thursday as mining stocks declined and China inflation rose less than expected.
BAE Systems hits targets and sets growth sights for 2016
BAE Systems has posted full year results that are in line with City expectations and issued guidance that underlying earnings per share will rise between 5-10% in 2016 as it enters what it says is an improved business environment.
Excessive delays on London buses mar Go-Ahead's first half
It was full steam ahead for most of Go-Ahead on Thursday, with the company reporting good numbers across most of its operations in six months to 26 December - though excess delays on its London bus network marred the results.
Exane downgrades Hammerson on balance sheet constraints
Exane BNP Paribas downgraded Hammerson to ‘neutral’ from ‘outperform’ and cut the price target 9% to 260p, saying balance sheet constraints will cap future earnings growth.
Europe open: Stocks waver as investors pause for breath
European stocks wavered in a tight range in early trade, as investors paused for breath following strong gains in the previous session.
Segro creates big box partnership with Roxhill
Segro has created a partnership with Roxhill Development Group that will give the FTSE 250 real estate investment trust access to a portfolio of big box logistics warehouse development sites in the South East and Midlands.
Vodafone launching £2.9bn bond offer
Vodafone was looking at a £2. 9bn fundraise on Thursday, through the issue of mandatory convertible bonds.
Rexam volumes up, earnings down ahead of Ball takeover
Rexam was looking at a year of positive sales growth on Thursday, but fluctuations in currency and lower prices saw earnings head south in the 12 months to 31 December.
London pre-open: Stocks seen flat as investors pause for breath
London stocks looked set for an unchanged open on Thursday as investors pause for breath following strong gains in the previous session.
Thursday newspaper round-up: Apple, BT, William Hill, workers' rights
The chief executive of Google and the founder of WhatsApp, the Facebook-owned messaging service, have voiced their support for Apple in its fight with the FBI over encryption. Apple has said it would challenge a federal court order to unblock an iPhone used by one of the San Bernardino shooters, as the FBI tries to investigate their links to Isis militants. – Financial Times.