Market Pulse
Exane BNP downgrades Henderson Group
All the asset managers were facing a difficult second quarter, but a combination of several smaller factors unique to Henderson Group led broker Exane BNP Paribas to downgrade its recommendation on the shares.
Eurozone industrial production bounces back in April
Eurozone industrial production grew more than expected in April, according to the latest figures from Eurostat.
Eurozone employment rises to highest level since late 2008
Employment in the euro zone and across the European Union in the first quarter of the year increased 0. 3% compared to the final three months of 2015, rising to the highest levels since the third quarter of 2008.
UK inflation remains steady as clothing, food and games prices fall
UK inflation remained depressed in May, with the consumer price index (CPI) flat at 0. 3% on an annual basis, short of expectations for a slight increase.
Cannaccord Genuity stays at buy on Ted Baker
Ted Baker clocked in with strong growth for the first 19 weeks of fiscal year 2017, with sales rising by 11. 3% after a 24. 2% increase in the year before, despite "challenging external trading conditions" especially in Hong Kong and mainland Europe.
Spanish economy remains in deflation in May
Spain remained in a deflationary spell in May, with the country’s consumer price index edging only slightly higher from -1. 1% year-on-year to -1. 0%.
Electra cancels large credit facility
Electra Private Equity announced the cancellation of a large credit facility on Tuesday.
London open: Stocks fall as support for Brexit grows
London stocks fell on Tuesday as fears over a possible vote by Britain to leave the European Union continued to drag on investor sentiment.
Europe open: Stocks drop as investors shun risk amid Brexit fears
European stocks fell in early trade while government bonds rallied as risk-averse investors grew increasingly concerned the UK might vote to leave the European Union, and ahead of rate announcements from the Federal Reserve, the Bank of England and the bank of Japan later this week.
Crest Nicholson profits continue to build as housing demand remains strong
Interim results from Crest Nicholson saw profits grow by a quarter as the housebuilder and said demand for new homes was remaining strong despite the clamour around a potential Brexit.
FirstGroup posts rise in FY profit despite drop in revenue
FirstGroup reported a rise in full-year profit despite a drop in revenue following the loss of rail franchises.
Assura CEO Roberts steps down to focus on treatment
Assura CEO Graham Roberts announced on Tuesday that he is to formally step down, as his treatment for cancer remains ongoing.
Telecom Plus revenue, dividend up for the year
Low-cost multi-utility supplier Telecom Plus announced its final results on Tuesday, with revenue up 2. 1% to £744. 7m.
Go-Ahead positive despite slashing outlook for GTR
Passenger transport operator Go-Ahead Group released a pre-close trading update on Tuesday, in which it said its full year expectations for the year to 2 July remain the same.
London pre-open: Stocks seen a little lower amid growth, Brexit concerns
London stocks were seen opening a little lower on Tuesday amid ongoing concerns about global growth and the possibility the UK might vote to leave the EU in next week’s referendum.
Ashtead hoists final dividend and plans buyback as profit margins surge
After a strong fourth quarter where profit margins grew to record levels, Ashtead has announced a bumper dividend and a £200m share buyback.
Tuesday newspaper round-up: Sterling, retail jobs, Barclays, Apple
Mounting fears that Britain will vote to leave the European Union this month have sent the cost of insurance against a collapse in the pound soaring. As the pound collapsed back towards $1. 40, traders have been hedging themselves, with euro/sterling one-month implied volatility, a measure based on the cost of insurance options taken to protect investors against movement in the pound over the next month, surpassing levels seen in the financial crisis. - The Times.