Market Pulse
BoE says EU bonus cap will not be applied to smaller banks
New European rules governing bonuses paid at banks and investment companies will not be applied to the UK's smaller operators, the Bank of England has confirmed.
Bernstein downgrades HSBC as it points to unsustainable dividends
HSBC was in the red after Bernstein downgraded the stock to ‘underperform’ from ‘market perform’ and cut the price target to 380p from 550p.
Tesco and Sainsbury stumble after Amazon's UK grocery deal with Morrison's
Shares in Tesco and Sainsbury were sent lower on Monday on news US online giant Amazon is entering the British fresh food market via a deal with Morrison's.
China RRR cut - Analysts react
A move by China´s central bank to cut the reserve requirement ratio for the country´s lenders was both confirmation that policymakers in Beijing retained an 'easing' bias and a signal that they were less concerned about outflows getting out of control. It also meant the seven day repo rate was now - arguably - the key gauge of the monetary stance and was likely to fall over coming weeks. An explicit mention in Monday´s statement about the desire to support credit growth was also "significant".
Slater & Gordon swings to loss of nearly 1bn on UK writedown
Slater & Gordon, the Australian company that bought most of beleaguered UK insurance technology group Quindell nearly a year ago, reported a first half loss of nearly AUD1bn on Monday.
UBS positive on Tesco, Burberry
Were a 'disconnect' between resilient economic indicators and collapsing stockmarkets a reason to go 'contrarian' as an investor?.
US pre-open: Stock futures fall on China slowdown worries
US stock futures pointed to a lower Monday on disappointment that China failed to deliver anything concrete on stimulus plans to turnaround the nation’s ailing economy at the G20 meeting.
Monday broker round-up
IMI: JP Morgan reiterates overweight with a target price of 850p, Credit Suisse and Canaccord stays at underperform, Investec and HSBC keep at buy, 920p and 1000p target respectively, Exane BNP Paribas maintains neutral and Societe Generale reiterates hold.
Labrokes CFO Ian Bull retires
Ian Bull, chief financial officer of Ladbrokes, has retired from the betting company’s board.
China cuts bank reserve requirement ratio
The People's Bank of China has cut its required reserve ratio by 50 basis points, in a move to pump liquidity into its stuttering economy.
Starbucks to enter Italian coffee market
US coffee chain Starbucks is to open its first store in Italy, the company confirmed on Monday.
Morrisons inks grocery supply deal with Amazon
Morrisons announced on Monday that it has inked a new supply agreement with online retailer Amazon. com that will make hundreds of its products available to Amazon Prime Now and Amazon Pantry customers in the coming months.
Chilean mining production plunges in January
Chilean factory output dropped sharply in January as mining output plunged, although retail sales in the Andean country held up.
Brexit could lead to "decade of uncertainty", Whitehall report claims
Voting to leave the European Union in June's referendum will cast the UK into a "a decade of damaging uncertainty", according to analysis by the Cabinet Office.
Genel plummets after slashing reserves estimate
Shares in Genel plunged after the oil explorer slashed its reserves estimate for its largest field almost by half.
Buffet tells CNBC he buys stocks more aggressively when they fall
Warren Buffet said he purchases stocks more aggressively when markets are dropping.
Goldcrest Resources director steps down
Goldcrest Resources director Frederick Bell has stepped down from the company’s board.
Europe midday: Stocks pare losses after PBoC, Eurozone inflation
European stocks came off earlier lows as disappointment over the outcome of the G20 meeting in Shanghai was partially offset by hopes of more stimulus from the European Central Bank and a cut to the reserve requirement ratio in China.
Credit Suisse sees ample scope for cash distributions at IAG
Credit Suisse stuck to its medium-term earnings forecasts for IAG on Monday, telling clients the company offered a "compelling" recipe for free cash flow.
Trinity Mirror 2015 results better than expected, dividend lifted
Trinity Mirror announced a drop in 2015 pre-tax profit and revenue but the results were better than expected and the company lifted its dividend, on the same day it launched new weekday tabloid The New Day.