Market Pulse
Weak global growth weighs on German manufacturing in February, PMI shows
Economic activity in the Eurozone´s largest economy slowed down in February, with a buoyant services sector helping to offset weak manufacturing, according to the results of some of the most widely-followed surveys.
Cairn Energy and EnQuest buy out Kraken development partner
Cairn Energy and EnQuest have raised their holdings in the Kraken development in the UK North Sea.
Exchange rate headwinds prevail at Dechra
Exchange rates were proving a headwind for Dechra Pharmaceuticals, with the firm reporting good revenue growth in its first half to 31 December, muted by the cost of conversion.
Weaker sterling helps lift numbers at Associated British Foods
Associated British Foods was banking on a decline in the pound on Monday, as it prepared the market for a dip in earnings in the current first half.
London pre-open: Stocks seen higher on positive Asian cues
London stocks are expected to open a little higher on Monday, following a positive session in Asia and amid higher oil prices.
Monday newspaper round-up: Brexit, Mastercard, London rents, pensions
The bosses of about half of Britain’s 100 biggest companies are to sign a letter backing David Cameron in his fight to keep the country in the EU in the referendum in June that will shape the future of the UK. As Tory opposition to the prime minister’s strategy mounted, Downing Street rallied the backing of corporate leaders at companies including Shell, BAE Systems, BT and Rio Tinto, who will argue in the letter that Britain is “stronger, safer and better off” in a reformed EU.