Market Pulse
Barclays confirms sale of Africa business as annual profit falls
Barclays confirmed plans to sell its African business on Tuesday as it announced a drop in full year profit and a cut to the dividend.
Glencore's numbers head south in 'robust' 2015
Glencore's numbers were down sizeably in its preliminary 2015 results on Tuesday, with adjusted EBITDA falling 32% to $8. 7bn (£6. 25bn), as the company blamed substantially weaker commodity prices partially offset by cost efficiencies and favourable currency conditions in producer countries.
London pre-open: Stocks seen weaker on China data
London stocks are expected to open lower on Tuesday, taking their cue from a negative finish on Wall Street and some weak data in China.
Rio Tinto sells Bengalla for $617m
Rio Tinto has sold its 40% interest in the Bengalla coal joint venture in Australia for US$616. 7m (£443m).
Tuesday newspaper round-up: LSE/ICE, Apple, Google, ECB
London Stock Exchange’s £20bn merger with Deutsche Boerse could be gatecrashed by the owner of the New York Stock Exchange, according to reports. Intercontinental Exchange (ICE), which operates global exchanges, clearing houses and data services, has appointed Morgan Stanley to advise on a higher offer for the British group, it is claimed. – Telegraph.