Market Pulse
Morgan Stanley first quarter profit slumps but tops views
Morgan Stanley posted a 54% drop in first-quarter net income as revenue from the trading and investment banking divisions were dented by market volatility.
CaixaBank tables second bid for Portugal's BPI
Spain's CaixaBank offered to purchase the remainder of Portugal's Banco BPI SA despite its inability over the weekend to reach a deal with one of the largest shareholders in its rival.
Europe midday: Stocks pare losses as investors continue to digest Doha meeting
European stocks pared earlier losses to trade near the flat line, with oil prices off lows as investors continued to mull over Sunday’s meeting of oil producers in Doha, which did not result in the production freeze many had been expecting.
London midday: Stocks slide as oil prices fall and Osborne warns on Brexit
London stocks were in the red on Monday as oil prices declined after weekend talks between global producers collapsed.
ARM Holdings slides on Apple concerns, Jefferies downgrade
Chip designer ARM Holdings was under the cosh amid reports Apple - one of its biggest customers - will continue its reduced production of iPhones due to sluggish sales. At the same time, a downgrade to ‘hold’ from ‘buy’ from Jefferies weighed on the stock.
UBS bullish on RBS's ability to return capital, but cuts target price
Markets were underestimating the ability of RBS to return capital to shareholders and deliver "significant" earnings per share accretion, UBS said.
Kuwait oil production cut by strike
Kuwait's oil company said its daily production was cut by more than half following a strike by public sector workers.
US pre-open: Stocks seen touch weaker after Doha meeting
US futures pointed to a marginally weaker open on Wall Street as oil prices retreated after this weekend’s meeting of oil-producing countries failed to yield an agreement to freeze output.
Alinda Funds picks up Energy Assets Group for £198m in cash
Energy Assets agreed to be bought by BidCo, a company wholly-owned by Alinda Funds, for approximately £198m in cash.
NewRiver Retail buys South East London shopping centre, retail park
NewRiver Retail has completed the acquisition of a shopping centre and retail park in Bexleyheath, south east London, for £120. 3m.
Asia report: Markets down after Doha failure, Japan quakes
Markets in Asia started the week lower on Monday, with oil tumbling over the weekend and Japan traders left shaken by a series of fatal earthquakes in the country.
Credit Suisse trims Euro Stoxx 50 year-end target
Credit Suisse trimmed its year-end target for the Euro Stoxx 50 to 3,350 from 3,400 as it modestly scaled back its ‘overweight’ in Continental European equities.
Citi says iron ore prices will fall, downgrades UK metals and mining
Commodity markets were stumbling back to normalcy, Citi analysts said on Monday, but less so in the case of iron ore.
TUI, Thomas Cook rally on Berenberg upgrades
Tour operators Thomas Cook and TUI were on the front foot as Berenberg upgraded its recommendations on both stocks.
Sprue Aegis tumbles at it warns over 2016 and 2017 profit
Shares in Sprue Aegis tumbled on Monday after the home safety products supplier downgraded its 2015 profit expectations.
Europe open: Stocks in the red as oil slides after failed Doha meeting
European stocks dropped in early trade, led lower by energy issues as oil prices slid after OPEC and non-OPEC producers failed to reach an agreement on a production freeze at Sunday’s meeting in Doha.
Stock Spirits CEO Chris Heath steps down
Stock Spirits’ chief executive officer Chris Heath will step down from the role with immediate effect to take early retirement.
Brazil's lower house votes to impeach president Dilma Rousseff
Lawmakers in Brazil's lower house of Congress voted overnight to impeach president Dilma Rousseff in what many hope will lead to a change of course in the country's economic policies, although some observers fretted that social instability might lie ahead instead.
Lack of agreement between producers at Doha sends oil futures sharply lower
The world's largest crude oil producers failed to reach an agreement to freeze their levels of production at January's levels, as Saudi Arabia insisted that Iran - who was absent from the talks - needed to contribute to any deal.
John Menzies CFO Paula Bell leaving for Spirent Communications
Aviation services and print distribution company John Menzies said on Monday that chief financial officer Paula Bell is set to resign from her position to become CFO at Spirent Communications.