Market Pulse
Poundland rejects Steinhoff approach
South-Africa based Steinhoff International said on Friday that London-listed discount retailer Poundland has rejected its proposal regarding a possible cash offer for the company.
London midday: FTSE 100 outperforms as pound plumbs 30-year low
Stocks had recovered part of their initial losses come midday as analysts and traders attempted to digest the UK's historic decision to leave the European Union and to anticipate the next move in financial markets.
US pre-open: Stocks set for sharp losses on Brexit vote
Stocks on Wall Street looked set to open sharply lower on Friday, taking their cue from heavy losses in Europe after the UK voted to leave the European Union.
Europe midday: Brexit sends shares, sterling tumbling
The UK’s vote to leave the European Union sparked a bloodbath in European equity markets on Friday, sending the pound tumbling against the dollar and weighing on oil prices, while gilts and gold surged as investors fled to safety.
Polar Capital sees sharp drop in full-year FuM, keeps dividend steady
Polar Capital Holdings experienced a sharp drop in full-year profits as its assets under management shrank significantly.
Brexit: BoE ready to underpin sterling, says Carney
Bank of England governor Mark Carney said the bank was ready to support sterling after the currency plunged in the wake of the UK's decision to leave the European Union.
Brexit: Result will be 'credit negative' for UK - Moody's, Fitch
The UK’s decision to leave the European Union would be "credit negative” for sovereign and other related entities and most sectors in the country, two ratings agencies said on Friday.
Circle Group says payments from Egyptian government continue to be unpredictable
Egypt-focused Circle Oil obtained a measure of relief for its dire financial position after the World Bank’s International Finance Corporation agreed to extend a suspension on a possible tightening of the terms of one of the company’s lending facilities and any repayments due under the same.
Handful of stocks gain ground in equity market bloodbath
Despite the post-Brexit bloodbath in equity markets on Friday, there were a few stocks in the black.
Asia report: Markets plunge on Brexit shock
Markets in Asia crashed on Friday and gold prices rocketed, with the results of the UK referendum on the European Union being gradually released during the session.
Fed unlikely to hike rates until 2017 post Brexit, says ING
As global financial markets tank and the trade-weighted dollar appreciates sharply post Brexit, the chances of the Federal Reserve hiking interest rates this year are slipping away, ING said on Friday.
Brexit has 'significant implications' for the UK, says FCA
Brexit “has significant implications for the UK", the Financial Conduct Authority warned on Friday.
Aviva expects no operational impact from Brexit
Aviva did not expect the vote to ‘Leave’ to have any significant operational impact on the company.
LSE and Deutsche Boerse reaffirm merger commitment after Brexit
Deutsche Boerse and London Stock Exchange said they remained fully committed to their $30bn merger on Friday, reiterating that the outcome of the EU referendum played no part in the deal.
HSBC believes BoE should hold off from cutting Bank Rate
HSBC cut its forecast for economic growth in the UK in 2016 and 2017, while revising its forecast for inflation sharply higher in anticipation of a weaker pound.
Analysts weigh in on Brexit
As the UK’s shock decision to leave the European Union sent risk assets tumbling – with investors pouring into safe havens such as gold, gilts and the yen – analysts weighed in with their thoughts on Brexit.
London open: Stocks reel after UK's shock Brexit vote
Shares reeled at the start of trading, as markets reacted to the 'shock' decision by Britons to withdraw from the European Union, with traders anxious to be better able to gauge what the extent of the fall-out for financial markets and the economy might be.
Europe open: Stocks and sterling tank, gilts and gold surge on Brexit
European stocks tumbled in early trade, the pound slid against the dollar and oil tanked, while gilts and gold surged as the UK voted to leave the European Union.
Swiss central bank intervenes to cut franc
The Swiss National Bank (SNB) acted quickly in the currency markets after the UK voted for a Brexit from the European Union, sending the pound plummeting and l money flow to the traditional 'safe haven' currency.
Brexit will cause protracted political and economic uncertainty, says Morgan Stanley
The UK’s decision to leave the European Union will lead to profound and protracted political and economic uncertainty, Morgan Stanley said on Friday.