Market Pulse
ICE said to line up financing for LSE bidding war
Intercontinental Stock Exchange is reportedly lining up financing for a bid for the London Stock Exchange to rival Deutsche Boerse’s offer.
Credit Suisse adds to overweight position on insurers
Credit Suisse on Wednesday reiterated its upbeat stance on the insurance sector, adding to its ‘overweight’ position and recommended investors on “sustainable” yield plays.
US pre-open: Stocks set for a rebound as oil prices advance
Stocks on Wall Street were on track for a rebound as oil prices rallied and European indices gained ground.
US mortgage applications bounce back, says MBA
US MBA mortgage application volumes grew 0. 20% in the last week, according to data from the Mortgage Bankers Association, versus the previous week's 4. 8% decline.
Burberry shares tank after holder of mystery position revealed
Shares in Burberry came off sharply following a report that the ‘mystery investor’ who had built up a greater than 5. 0% stake in the company’s stock was in fact the result of a series of trading positions taken on by HSBC.
Europe midday: Stocks extend gains as oil advances; ECB in focus
European stocks extended earlier gains amid rising oil prices, as investors looked to Thursday’s European Central Bank meeting for fresh catalysts.
London midday: Stocks rise as manufacturing data beats forecasts
London stocks rose on Wednesday after better-than-expected data on manufacturing and industrial production.
Ryanair offers extra legroom and 'fine dining' with corporate jet launch
Budget airline Ryanair has launched a corporate jet charter service with a Boeing 737-700 customised to offer wider seats and more leg room.
SSE and Centrica rally on JPMorgan upgrades
Utilities Centrica and SSE were among the top performers on the FTSE on Wednesday morning after JPMorgan Cazenove upgraded its ratings on the stocks.
Amazon to create 1,000 jobs with new Manchester distribution centre
Amazon is poised to being recruiting for 1,000 new jobs at a new distribution centre in Manchester, taking its expected hiring across the UK to 2,500 in 2016.
Berenberg upgrades RBS to 'hold'
Berenberg upgraded Royal Bank of Scotland to ‘hold’ from ‘sell’, keeping the target price at 250p.
Software Radio Technology wins maritime deal with Asian country
Software Radio Technology has shaken hands on a maritime domain awareness deal in Asia that it expects to generate revenues of up to €90m over three years.
Tesco said to consider buyout of O2's stake in mobile JV
Supermarket chain Tesco is reportedly looking to expand its presence in the UK mobile market by buying O2’s stake in their 50:50 mobile joint venture as it takes advantage of the fallout from Hutchison’s takeover bid.
Gulf Intelligence: Energy macroeconomics - Top five factors to watch out for in 2016
By Sean Evers, founder and managing partner of Gulf Intelligence.
Asia report: Markets mixed over renewed China concern
Asian markets ended Wednesday in a mixed state, with China shares in the red and analysts pointing to fresh concerns over the country's economy, following poor trade data for February.
Tandem slides as it warns over bicycle division
Shares in AIM-listed Tandem Group slid as the company said its bicycles and mobility division was in for a challenging year.
Proxama ties in with Google Chrome for London ad service launch
Marketing group Proxama has teamed up with Google to employ its Chrome browser and Eddystone advertising 'beacon' to launch its MyStop real-time transport update service in London.
UK industrial production bounces back, ONS data shows
UK industrial performance improved in January but not as much as expected, with freshly released data from the Office for National statistics painting a mixed picture on Wednesday.
Imaginatik reports solid third quarter trading
AIM-listed Imaginatik said trading in the third quarter was positive, continuing momentum from the first half of the year.
G4S tumbles as profit and revenue drop on onerous contracts, restructuring
Shares in G4S tumbled on Wednesday after the security firm posted a drop in 2015 pre-tax profit and revenue, mainly on the back of onerous contracts and restructuring costs.