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Market Pulse
12 May
usa, america, liberty, statue, eeuu, us
US close: Stocks mixed on oil price rise, Fed speeches

US stocks were mixed at the close on Thursday as oil prices rose and investors weighed a worse-than-expected weekly jobless claims report and speeches from Federal Reserve policymakers.

12 May
Bank of England, BoE, banking, financial services, money, City, London
Market overview: Grocers hit by lower consumer spend

1630:Close Stocks ended a volatile day of trading lower weighed down by a retreat in miners and after another leg move higher in the oil price faded in afternoon trading. Sainsbury was also lower after going ex-dividend while Tesco was facing a strike in Ireland on 16 May. As well, data from Barclaycard showed consumer spending fell for the second month in a row in April, as slowing wage growth, flat employment rates, and Brexit uncertainty kept growth down at 1.

12 May
Easyjet, aircraft, Gatwick Airport, transport, travel
Thursday newspaper share tips: Easyjet, Compass

The best is behind us in Easyjet shares as the cycle in the sector turns towards a typical phase of excess capacity, The Daily Telegraph's Questor column said.

12 May
bayeraspirina
Europe close: Chemicals stocks lead losses, oil also a drag

European stocks slipped going into the close of trading to end the day lower as crude oil futures headed lower on reports of recovering output in Canada and stock in German chemicals firm Bayer was marked down after reports it might be studying making a bid for US rival Monsanto, with another peer, BASF, said to also be waiting in the wings.

12 May
corn, field, farm
US open: Monsanto jumps on bid speculation

Wall Street slipped lower after an initial feint higher as crude oil futures changed course and headed lower, with traders also waiting on speeches from several Federal Reserve policy-makers for hints on interest rates.

12 May
Antofagasta
Broker tips: Antofagasta, ITV, Compass

Antofagasta’s shares were under pressure on Thursday after Canaccord Genuity cut its full year earnings forecast for the miner.

12 May
london eye
London close: FTSE ends lower after BoE slashes GDP forecasts

The FTSE 100 finished in the red as the Bank of England slashed its economic growth forecasts and raised concerns about the European Union referendum.

12 May
shopping consumer spending money purse cash inflation sterling pound cpi
Director dealings: Kennedy Wilson Europe director splashes out

Mary Ricks, president and chief executive of Kennedy Wilson, the manager of the Kennedy Wilson Europe Real Estate investment trust, has splashed out more than £216,000 to swell her stake in the property developer.

12 May
compass, food
Morgan Stanley praises excellent first half performance at Compass in US

Compass's first half performance in the US was "excellent", offsetting a "sharp deterioration" in its "Rest of the World" segment.

12 May
Monsanto
Bayer, BASF lining up for Monsanto

Multibillion dollar seed company Monsanto was right in the thick of premarket trading in New York on Thursday, after reports emerged that German chemical conglomerates BASF or Bayer are considering a takeover bid.

12 May
compass, food
FTSE 100 movers: Compass marches north, grocers retreat on consumer crunch

The FTSE 100 index started weakly, built up steam and then lost it again on Thursday, sitting 0. 8% lower at 6,113. 32 late in session.

12 May
Royal Bank of Scotland, RBS, banks, banking, financial services
RBS to cut 200 more branch jobs

Royal Bank of Scotland reportedly plans to axe around 200 branch jobs in Scotland, southwest England and Wales, with the lender confirming cuts were being made but not the exact number.

12 May
the gherkin, londres, rascacielos, edificio
FTSE 250 movers: Investors rush to Superdry, leaving 3i behind

The FTSE 250 was just above the line in afternoon trading on Thursday, after the Bank of England voted unanimously to keep interest rated under lockdown while also warning of uncertainty should the UK leave the EU.

12 May
Antofagasta
Canaccord cuts production forecasts, target price on Antofagasta

The outlook for Antofagasta continues to be positive but additional short-term weakness in the share price is likely, Canaccord Genuity told clients.

12 May
Bank of England, BoE, banking, financial services, money, City, London
BoE cuts GDP forecasts and warns of Brexit effect on sterling, growth

The Bank of England has cut its growth forecast for 2016 gross domestic product to 2% from the previous 2. 2%, but admitted its estimates could be significantly affected by a Brexit vote.

12 May
queenvictoriaITV2110a-690x460
ITV confident of first half growth despite advertising slump

In spite of a 13% decline in net advertising revenue in April, ITV said it expected it to be "broadly flat" for the first half of the year and for the group to deliver "good profit growth".

12 May
ITV-Logo1-300x150
Credit Suisse lowers ITV target price but retains 'outperform' recommendation

The uncertainty surrounding the Brexit referendum will drag on ITV's advertising revenues, but investors would be wrong to try and put a 'structural' spin on what is in fact a 'cyclical' slowdown, Credit Suisse said.

12 May
Wall Street, New York Stock Exchange, markets, traders, US, America
US pre-open: Stock futures rise as oil prices rally, Fed speakers eyed

US stocks were expected to open higher on Thursday as oil prices rose and traders awaited speeches from Federal Reserve policymakers for hints on interest rates.

12 May
bayeraspirina
Europe midday: M&A news, oil prices lift stocks

European stocks rebounded on Thursday afternoon as M&A news gave sentiment a boost, alongside better than expected results out of Zurich Insurance and RWE.

12 May
BT to share Europa and Champions League finals for free on YouTube

BT Group will stream its live footage of the Champions League and Uefa Europa League finals on YouTube, allowing UK viewers access even if they do not subscribe to its BT Sport service.