Market Pulse
Tuesday newspaper round-up: HSBC, Brexit polls, Alliance Trust
HSBC’s Stuart Gulliver is the European bank chief executive who investors would most like to be replaced, according to a recent poll of large shareholders. When 74 institutional investors were polled by Autonomous Research and asked to each name three banks in Europe “most in need of a change in CEO”, Mr Gulliver, who has run the region’s biggest lender since 2011, won by a chunky margin. - Financial Times.
Monitise no longer in discussions over content business
AIM-listed mobile payments processor Monitise said discussions regarding a possible sale of its content business, Markco Media, have now ended.
German retail sales unexpectedly drop in April
German retail sales unexpectedly fell in April, according to the latest figures from Destatis.
London pre-open: Stocks seen flat as traders return after long weekend
Stocks in London were expected to open flat on Tuesday as traders returned to their desks after the Bank Holiday weekend.
IG Group sees full-year earnings slightly ahead of views
Spreadbetting firm IG Group reported solid trading in the fourth quarter and said earnings for the year are set to be slightly ahead of expectations.
Alliance Trust confirms RIT Capital's informal merger approach
Alliance Trust said it has received an unsolicited, informal approach from fellow FTSE 250 investment trust RIT Capital Partners that proposed a merger of the two companies.