Market Pulse
Spirax-Sarco reaches bottom of trading trough
Steam and peristaltic pumping technology company Spirax-Sarco Engineering reported on a tough year so far on Tuesday, saying growth remained at around zero globally with a continued small deterioration in OECD economies matched by a small improvement in developing economies.
London pre-open: Iron ore steady, miners lower
Britain's top flight index is being called to slightly higher on the back of slightly stronger-than-expected inflation data out of China overnight, although miners were again under pressure in Sydney after another tumble for iron ore futures.
LondonMetric venture sells off three retail properties
LondonMetric’s joint venture with Universities Superannuation Scheme, Metric Income Plus Limited Partnership, announced the sale of its retail parkers in Bridgwater, Chatham and Grimsby for £15. 9m, of which LondonMetric’s share is £8m, reflecting a blended net initial yield of 5. 7%.
Capita confident despite contract delay warning
Outsourcing group Capita said it was confident of growing organic sales 4% in 2016 despite having secured less than half the amount of contracts as at the same time last year as some contract decisions take "a little longer than expected".