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Market Pulse
21 Apr
rio tinto, sam walsh
Rio Tinto to buy back $1.5bn of near-term debt

Rio Tinto has begun to use its healthy levels of cash to pay off around $1. 5bn of its near-term debt.

21 Apr
travis perkins
Thursday newspaper share tips: Travis Perkins, Connect Group

Travis Perkins’s business model, based on steady progress, should reap rewards for its investors in the long-term, The Times’s Tempus said.

21 Apr
factory, factories, manufacturing, manufacturer
Philly Fed factory index tumbles in April, back in the red

Manufacturing conditions in the Philadelphia region deteriorated a lot more than expected in April, according to the latest report from the Federal Reserve Bank of Philadelphia.

21 Apr
usa, america, liberty, statue, eeuu, us
US economy slowed down further in March, Chicago Fed index shows

Economic activity Stateside slowed down further in March, according to a widely followed gauge.

21 Apr
general motors sede
General Motors first-quarter profit more than doubles

General Motors rallied in pre-market trade as it said first-quarter net income more than doubled compared with the previous year.

21 Apr
Iron ore, mining, BHP Billiton
JP Morgan stays at underweight on BHP, ups target price

BHP Billiton’s reduced forecasts for iron ore production led JP Morgan to further trim its projections for output in 2017, but the broker continued to believe the miner’s valuation premium was “difficult to justify”.

21 Apr
sky tv bskyb television
Profits up as Sky claims to reach 40 million households

FTSE 100 subscription broadcaster Sky reported strong growth in customer numbers on Thursday, claiming it surpassed the 40 million homes mark in the UK and Ireland.

21 Apr
Cannabis drugs for medical use
GW Pharma wins US orphan status for tuberous sclerosis complex drug

GW Pharmaceuticals has received 'orphan drug' designation from the US regulator for the company's cannabis-derived treatment for a rare genetic disorder.

21 Apr
Pace TDS865NS - high-definition hybrid PVR set-top box for Sky Italia
Sky left at 'add' rating by Numis after interims

Numis reiterated an ‘add’ rating and target price of 1,250p for Sky after the broadcaster reported its quarterly interims.

21 Apr
petrofac
Thursday broker round-up

Petrofac: Jefferies downgrades to hold with a 855p target.

21 Apr
enquest, rig, oil
IEA warns of large drop in non-OPEC oil production in 2016

Governments needed to strike a delicate balance between continued investment in conventional sources of energy, so as to avoid sharp moves in prices, while also investing in the renewable sources which would be needed to take up the slack if long-term targets for limiting damage to the world’s climate were to be met, the rich-world’s energy watchdog said.

21 Apr
European Central Bank, ECB, euro, eurozone, single currency
Europe midday: Stocks edge lower ahead of ECB announcement

European stocks fell on Thursday as investors looked to the European Central Bank’s latest rate announcement and amid steadying oil prices.

21 Apr
the gherkin, londres, rascacielos, edificio
London midday: Stocks fall after UK retail sales data misses forecasts

The FTSE 100 was under pressure on Thursday after official data showed UK retail sales fell more than expected in March.

21 Apr
Wall Street, New York Stock Exchange, markets, traders, US, America
US pre-open: Flat start seen as oil prices steady

US futures pointed to a broadly flat open on Wall Street as oil prices hovered around the flat line.

21 Apr
standard chartered, stanchart
UBS downgrades Standard Chartered to 'sell' on overoptimistic premium

UBS has downgraded Standard Chartered to 'sell' from 'neutral' after the emerging markets-focused bank recovered more than 40% from its February lows and stands at a hefty premium to many peers.

21 Apr
draghi
Comment: Beyond the ECB's monetary policy and the EURUSD impact

By Ipek Ozkardeskaya, analyst at London Capital Group.

21 Apr
zoopla
Barclays downgrades Zoopla, says valuation up with events

Barclays downgraded Zoopla to ‘equalweight’ from ‘overweight’ but lifted the price target to 295p from 270p, saying the valuation on the core property services business is up with events.

21 Apr
Yuan, China
Asia report: Markets leave China behind amid liquidity concerns

Major markets in Asia advanced on Thursday, with Japan extending gains, though Chinese equities ended down after a choppy day of trading.

21 Apr
victrex, plastics
Berenberg downgrades Victrex to 'hold'

Berenberg downgraded Victrex to ‘hold’ from ‘buy’ and cut the price target to 1,620 from 1,800 citing a lack of earnings catalysts from consumer electronics capacity.

21 Apr
ladbrokes, gvc holdings, betting, gaming, bookmakers, gambling
Ladbrokes gets off to a flier in first quarter

Unlike some of its rivals, Ladbrokes got off to a flier in the first quarter, with encouraging sales growth indicating new chief executive Jim Mullen's turnaround plan is working but also helped by a tailwind of favourable sporting results.