Market Pulse
Japan CPI misses forecasts, consumption tax hike may be delayed
A lead indicator for price pressures in Japan fell short of market expectations in April, leading some analysts to caution of the risk that the world´s third largest economy might be on a slippery slope back towards deflation.
Ultra Electronics to sell ID business
Ultra Electronics has agreed to sell its global ID business, Ultra Electronics ID, to private equity firm LDC, for an initial £22m in cash, with additional payments of up to £3m subject to earnings growth over the next two years.
Bodycote revenue drops but full year expectations maintained
Bodycote reported a drop in revenue between 1 January and 30 April, but reiterated its expectations for the year.
Phoenix Group to buy AXA wealth assets
Phoenix Group Holdings has agreed with AXA UK to buy AXA Wealth's pensions and protection businesses, which is the wealth management arm of the French insurer.
Wolseley says Nicholls won't be coming on as CFO
Wolseley said on Friday that Simon Nicholls - the current chief financial officer of Cobham - will not be taking up his role as CFO later this year, as announced back in January.
Friday newspaper round-up: Brexit, Hinkley Point, Sports Direct, BHS
G7 leaders warned on Friday that a British vote to leave the EU next month would seriously threaten the world economy, as they promised “more forceful” policies to boost global growth but papered over differences about fiscal stimulus. “There are potential shocks of a non-economic origin,” the leaders said in a declaration issued during their summit in Ise-Shima, central Japan. “A UK exit from the EU would reverse the trend towards greater global trade and investment, and the jobs they create, and is a further serious risk to growth.