Market Pulse
London property loans suspended by Singapore bank UOB due to Brexit
Singapore’s United Overseas Bank (UOB) has suspended loan applications for London properties due to economic uncertainties surrounding Brexit.
German unemployment rate steady at record low
German unemployment fell more than expected in June while the unemployment rate held steady at its lowest level since German reunification, according to data released by the Federal Statistics Office.
London open: Stocks reverse gains as Brexit worries resume
The FTSE 100 lost steam on Thursday after a two-day rally as worries over Brexit resumed.
UK consumer confidence slumps after Brexit, says YouGov/CEBR
Consumer confidence in the UK has collapsed in the days since the vote to leave the European Union, according to a survey by YouGov and the Centre for Economics and Business Research.
Santander and Deutsche Bank US arms fail Fed stress tests
Deutsche Bank and Banco Santander's US units both came in for censure from the Federal Reserve for the second year running, as the pair were the only banks to fail the regulatory stress tests.
Europe open: Stocks drop as rally runs out of steam
European stocks fell in early trade as the rally from the two previous sessions lost steam.
Tullow Oil expecting significant fall in first-half revenue
Tullow Oil updated the market ahead of the end of its first half on Thursday, with first oil projected from the TEN project expected imminently, but revenue and gross profit taking a dive.
German retail sales rise more than expected in May
German retail sales rose more than expected in May, according to the latest figures from Destatis.
Beowulf Mining roars higher as Swedish discusses mining application
Nordic-focused iron ore explorer Beowulf Mining saw its shares soar when its application for a mining concession was added to the Swedish government's agenda for discussion on Wednesday.
AA to sell Irish business for EUR156.6m
The AA has agreed to sell its Irish business and operations comprising AA Ireland and its subsidiaries for €156. 6m in cash.
Jenkins to step down as Weir Group COO
Engineering company The Weir Group announced on Thursday that following discussions with chief operating officer Dean Jenkins, it has been agreed that he will step down from the board on 30 September.
Legal & General tops £4bn sales in first half as lifetime mortgages bloom
Legal & General said it made £4bn of sales across bulk annuities, individual annuities and lifetime mortgages in the first half of the year.
John Laing maintains full-year guidance
International investor and manager of infrastructure projects John Laing Group issued a pre-close update for the half-year to 30 June on Thursday, and confirmed total investment committed to date of £76m.
London pre-open: Stocks seen touch higher
London stocks were expected to open a little higher on Thursday, continuing the positive tone from the last two sessions but with investors likely to pause for breath after the last few days of volatility.
Thursday newspaper round-up: Theresa May, City hiring, BT, MyLocal
Theresa May will on Thursday launch her bid to become prime minister with a promise to restore business confidence and stability to a country reeling from last week’s Brexit vote. The home secretary is running as the “safe pair of hands” candidate for the Tory leadership, with allies confident that in uncertain times Tory MPs and activists will prefer her to Boris Johnson, her principal rival. – Financial Times.