Market Pulse
HICL Infrastructure buys stake in Yorkshire toll road from Balfour Beatty
HICL Infrastructure Company has acquired a 30% interest in a 'shadow toll' road near Leeds from Balfour Beatty for £14. 5m.
Zoopla to pay £75m for Property Software Group
Zoopla Property Group was preparing to take another property services business under its wing on Tuesday, announcing the £75m acquisition of the Property Software Group (PSG).
Ashmore assets under management rise in third quarter
Total assets under management at Ashmore rose 4% to $51. 3bn in the third quarter compared with the previous quarter, as net outflows slowed to $1. 1bn.
AB Foods preserves earnings as currency clouds part
First-half earnings from Associated British Foods were better than expected thanks to a long-awaited improvement in its sugar business, while its Primark clothing business endured a tough Christmas and was one of several parts of the business hit by currency movements.
Rio Tinto reports strong first quarter production
Rio Tinto produced some positive production growth in the first quarter of 2016, it reported on Tuesday, with its iron ore and aluminium operations particular standouts.
Meggitt reiterates full year revenue guidance
FTSE 250 defence and aerospace engineer Meggitt reiterated its full-year revenue guidance as it said first-quarter trading has been in line with expectations.
Experian to gobble up CSIdentity in £250m deal
FTSE 100 information services company Experian announced on Tuesday it has signed a definitive agreement to acquire CSIdentity Corporation, which it described as a leading provider of consumer identity management and fraud detection services.
London pre-open: Stocks seen a little lower
London stocks were set for a slightly lower open on Tuesday as oil prices steadied following a rebound in the previous session.
Tuesday newspaper round-up: Negative rates, Sorrell, Tata Steel
Investors looking for income may have to give up on UK equity funds. A spate of FTSE dividend cuts has prompted an industry-wide debate about how the term “income fund” should be defined. Some of the most popular products selected by retail investors, income funds have attracted bumper inflows following years of rock bottom interest rates. To qualify for this label, funds must invest at least 80 per cent of their assets under management into UK equities and also achieve an average yield of more than 10 per cent above the FTSE All Share over a three-year period.