Market Pulse
FX Roundup: Yen spike extends into fourth successive session
The yen surged against major crosses on Thursday for a fourth successive session, with the preferred carry trade currency’s safe haven status well and truly intact.
Commodities: Oil futures slide on Iraqi production data
Oil futures fell back into negative territory on Thursday, after bullish calls following an unexpected dip US crude oil inventories petered out and Iraqi data pointed to an above average crude exports figure.
Sector Movers: Resource stocks weigh on London indices
Resource stocks headed lower on Thursday, in tandem with an oil and metal futures decline.
Thursday newspaper share tips: Premier Foods, Next
Mc. Cormick’s swoop for Premier Foods follows the time-honoured tradition by which a company that has successfully restructured is picked up at the bottom, depriving long-suffering shareholders of a reward for their patience, The Times’s Tempus said.
Prime Minister says he paid all taxes on profits from off-shore fund
In an interview with ITV News, Prime Minister David Cameron said he had paid all the taxes due on the stake he held in his father’s offshore investment fund.
Europe close: Banks, Basic Resource stocks drag equity markets lower
European stocks reversed early gains as oil prices turned came under selling pressure, with risk-appetite broadly lower across asset classes as investors focused on the negative narrative of a more gloomy global economic outlook after the latest European Central Bank and Federal Reserve minutes.
Unite Group promotes Richard Smith to CEO
Unite Group has promoted its managing director of operations Richard Smith to chief executive officer, as incumbent Mark Allan has decided to join St Modwen.
London close: Stocks fall as oil prices reverse gains
UK stocks closed in the red on Thursday as oil prices reversed gains after rising exports in Iraq fuelled concerns about an oversupplied market.
Director dealings: Bodycote's outgoing FD halves stake before ex-div date
Bodycote's outgoing finance director David Lawless has sold half his shares in the metal heat treatment group.
Indivior to appoint Lizabeth Zlatkus as non-executive director
Speciality pharmaceuticals firm Indivior will appoint Lizabeth Zlatkus as an independent non-executive director with effect from 1 September.
St Modwen appoints Mark Allan as CEO
St Modwen Properties has appointed Mark Allan as chief executive officer with effect from 1 December.
Mondi launches €500m Eurobond
Paper and packaging group Mondi announced the successful launch of a €500m (£403. 5m), eight-year Eurobond, the proceeds of which will be used for general corporate purposes.
Friday preview: Week winds down with UK economic data
The week is set to wind down with a few economic data releases which include UK trade.
US open: Stocks drop as oil declines and dollar takes a hit
US stocks fell in early trade as oil prices slipped back and the dollar tumbled against the yen, although there was some better-than-expected news on the jobs front.
FTSE 250 movers: Kaz and Vesuvius lead midcaps lower
By mid-afternoon on Thursday, the FTSE 250 was down 0. 41%, amplifying the falls of its blue chip brother as weakening oil and copper prices undermined earlier index gains.
Buy inflation break-evens in Chile and Mexico, BofA-Merrill says
There was money to be made by investors on inflation breakevens in Latin America and in Eastern Europe, Middle East and Africa, Bank of America-Merrill Lynch believed.
Asos closes lossmaking China operations, boosting analyst forecasts
Asos has pulled its local China operation, a decision that is likely to cost the online fashion retailer roughly £10m, but will continue to supply customers in the People's Republic from its UK base.
Alliance Pharma 2015 profit up on Sinclair Healthcare acquisition
Alliance Pharma posted a rise in 2015 pre-tax profit as revenue grew following its acquisition of the Sinclair Healthcare Products division.
Strong run in emerging market currencies set to continue, UniCredit says
The recent better tone in emerging market currencies had further to run, UniCredit told clients, thanks to the 'green shoots' visible in China.