Market Pulse
Unicredit names ex-investment bank head Mustier as new chief
Struggling Italian lender UniCredit named a former head of its investment bank to the post of chief executive, potentially opening the door to asset sales, according to multiple reports.
US initial jobless claims rise touch more than expected
The number of Americans filing for unemployment benefits rose just a touch more than expected last week, according to the Labor Department.
JP Morgan downgrades Reckitt Benckiser after strong run in share price
Analysts at JP Morgan downgraded their recommendation on shares of Reckitt Benckiser, arguing that the boycott on its goods in South Korea would weigh on the group´s rate of growth in like-for-like sales.
BMW to team up with Intel and Mobileye for driverless car initiative
BMW is planning to announce an initiative together with technology firms Intel and Mobileye which aims to make the German car manufacturer the pioneer in self-driving technology, according to reports.
Shire drug tests shows first ever effects on reducing prenatal complications
While a drug being tested by Shire failed to a treat a form of infant blindness as hoped, it instead demonstrated positive effects on severe complications related to lung and brain damage.
LSE-Deutsche Boerse tie-up may be on the ropes
Chances are the mooted tie-up between the London Stock Exchange and Deutsche Boerse will not go ahead as planned following the UK´s vote to leave the European Union, according to some financial market measures.
Lionsgate agrees to buy Starz for $4.4bn
Film and TV studio Lionsgate has agreed a takeover of cable broadcaster and programming producer Starz for $4. 4bn in cash and stock, the Hunger Games and Twilight producer said on Thursday.
Esure denies buyout report
Insurer Esure said on Thursday that it has not received an approach for the company.
US pre-open: Stocks to eke out gains; Bullard in focus
US futures pointed to a marginally higher open on Thursday as investors continued to assess the implications of the UK’s vote to leave the European Union.
Mercia Technologies' cautious about Brexit as revenues fall
Mercia Technologies reported a full year loss as it expanded its investment portfolio and was cautious about the uncertainty Brexit has bought to the technology investment industry.
Europe midday: Stocks turn higher; UK politics in focus
European stocks reversed opening losses to trade higher in choppy markets, with investors continuing to mull over the impact of Brexit as it emerged who would be running for Prime Minister in the UK.
South Africa approves SABMiller's merger with AB InBev
The Competition Tribunal of South Africa has approved with conditions Anheuser-Busch InBev’s combination with SABMiller.
UBS slashes FTSE 100 and Stoxx 600 year-end targets on Brexit
UBS has slashed its year-end targets for the FTSE 100 and Stoxx 600 indices, and downgraded its forecasts for UK and eurozone growth in the wake of the UK’s vote to leave the European Union.
AB Inbev probe begins over rigging of Belgian beer market
As it looks to seal the acquisition of SAB Miller, Anheuser-Busch InBev will face an antitrust probe the European Commission over possible abuse of its dominant position in the Belgian beer market.
UK current account deficit remains near record high in first quarter
The UK’s current account deficit remained near a record high in the first quarter due to shortfalls in trade.
Eurozone inflation reappears in June
Inflation unexpectedly returned to the eurozone in June after a negative trend that stretched across three of the four prior month.
Stobart trucks higher on bumper dividend plans
Stobart Group pledged to hike the level and frequency of its already generous dividend after generating cash from an asset sale and seeing encouraging developments from its three divisions.
Asia report: Markets lose post-Brexit momentum
Markets in Asia lost some of their drive on Thursday, after a turnaround Tuesday and a winning Wednesday in the unstable wake of last week’s Brexit vote.
Berenberg downgrades Travis Perkins on Brexit uncertainty
Berenberg downgraded builders’ merchant and home improvement retailer Travis Perkins to ‘hold’ from ‘buy’ and slashed the price target to 1,540p from 2,300p pointing to effect of Brexit uncertainty on the housing market.
UK first-quarter GDP growth confirmed at 0.4%
The final release of first-quarter UK gross domestic product from the Office for National Statistics confirmed growth at 0. 4%, in line with expectations.