Market Pulse
Europe open: Hawkish Fedspeak weighs on stocks
European stocks were on the back-foot at the start of the session, with 'hawkish' Fedspeak overnight helping to push the Stoxx 600 lower for a third consecutive week.
London open: Stocks fall as investors digest BoE's 'Super Thursday'
UK stocks fell on Friday as investors continued to digest the Bank of England’s ‘Super Thursday’.
Friday newspaper round-up: PPI, RBS, EU
There are “serious risks” of further mis-selling scandals erupting in the financial services industry and stronger action is needed to tackle problems with the culture of firms, MPs have warned. The public accounts committee (PAC) also said it was a “failure of the system of regulation and redress” that claims management firms have made up to £5bn from PPI (payment protection insurance) payouts – the equivalent of £1 in every £4 recuperated. - The Guardian.
Unite's accommodation fund launches £125m bond issue
Student accommodation developer and manager The Unite Group announced on Friday the launch and pricing of £125m in bonds issued by the Unite UK Student Accommodation Fund (USAF), under its existing debt funding platform established in June 2013.
AB InBev shuffles assets with Ambev ahead of SABMiller combination
Megabrewers Anheuser-Busch InBev and FTSE 100-traded SABMiller did some asset-shuffling with Brazilian brewer Ambev this week, ahead of the proposed combination of the British and Belgian companies.