Market Pulse
Valeant Pharmaceuticals chief to step down, shares bounce
Shares in beleaguered drugs giant Valeant Pharmaceuticals were halted after the company announced its chief J. Michael Pearson would be stepping down after an internal committee found the company had misstated its financial statements for 2014 and the first three months of 2015.
Sports Direct boss Ashley refuse to face parliamentary questions
Sports Direct boss Mike Ashley has confirmed that he will refuse to attend questioning from a parliamentary business committee, despite being threatened with a charge of contempt of parliament.
Sky CFO Griffith to take on wider role
Sky has announced that chief finance officer Andrew Griffith's role has been expanded to also include that of group chief operating officer.
Cantor doubles Ferrexpo target price to 79p
Cantor Fitzgerald has doubled its target price for Ferrexpo, after recent results from the iron ore pellet producer beat market consensus and the company became the lowest-cost pellet producer in the world.
Goldman Sachs sticks to call for three 2016 Fed rate hikes, calls ECB action "misfire"
The 'dovish' shift in the US central bank´s policy stance after its 15-16 March meeting was a "surprise", but it would only temporarily arrest strength in the dollar, Goldman Sachs said.
Chemring first quarter misses expectations
Defence company Chemring said on Monday that trading in the first quarter of this year was below management’s expectations due to a lower margin sales mix and customer acceptance delays.
JP Morgan prefers StanChart to HSBC
Shares in StanChart were offering close twice the value of those in HSBC, JP Morgan said, leading it to recommend them to clients over those in rival HSBC.
Broker tips: Tullow Oil, Sainsbury's, Shire
Jefferies downgraded Tullow Oil to ‘underperform’ from ‘hold’ with an unchanged price target of 166p.
Shire rallies as Exane says it's just too cheap
Pharmaceuticals group Shire was the standout gainer on the FTSE 100 on Monday as Exane BNP Paribas said the stock looked too cheap.
LPA Group's gallop continues thanks to LED lighting demand
Transport components specialist LPA Group has assured investors that the strong "gallop" at which it entered the new year has shown no sign of letting up, with a new contract announced in Qatar.
Market overview: JP Morgan prefers StanChart to HSBC
1216: Analysts at JP Morgan have reiterated their preference for StanChart shares over those of HSBC. Positive news-flow relating to a key exposure in India reinforced the broker´s view that asset quality pressures peaked in 2015. Lloyds continued to be its top-pick among UK banks, it said.
Upside risks to inflation have increased noticeably, Fed´s Lacker says
Upside risks to inflation had recently increased "noticeably", which was something that needed to be taken into account, one of the US Federal Reserve´s more hawkish policy-makers said.
London midday: Stocks fall as survey shows weakness in UK manufacturing
London stocks fell on Monday as a survey on UK manufacturing showed continued weakness in the sector and as oil prices slid.
Europe midday: Stocks waver as oil slips and investors look for fresh catalysts
European stocks wavered on Monday amid lower oil prices as investors looked for fresh catalysts at the start of a shortened trading week.
Filtronic wins large follow-up telecoms antenna order
Filtronic has won a sizeable $7. 9m follow-on wireless telecoms antenna order.
ECB´s Liikanen says further stimulus possible, Citi agrees
The European Central Bank stands ready to add to its monetary stimulus to boost growth and inflation should it be deemed necessary, a top rate-setter said on Monday.
US pre-open: Stocks seen flat amid mixed oil prices; Apple in focus
Stocks on Wall Street looked set for a flat open on Monday amid mixed oil prices, as investors looked for fresh catalysts.
UK manufacturing sector stuck in decline, CBI industrial trends show
UK manufacturing sector activity remained stuck in the doldrums in March, according to the CBI Industrial Trends survey, with factory output falling at the fastest pace in more than six years.
IHS and Markit agree $13bn merger
UK data company Markit has agreed to merge with its US rival IHS in a deal valued at more than $13bn (£9bn).
Asia report: Cheaper margin loans see China leap ahead
Stocks in China leapt higher on Monday amid mixed trading in Asia, after Beijing indicated it wanted to make borrowing to buy shares easier.