Market Pulse
Enbridge to buy Spectra Energy in CAD37bn deal
Canadian pipeline company Enbridge Inc has agreed to buy Houston-based Spectra Energy in an all-stock deal valued at approximately CAD37bn.
Mobile Streams gains popularity in India
Mobile streams, a mobile content retailer, announced that its Indian subsidiary has reached over 50,000 active subscribers.
Citi still sees value in Big Oil
Big Oil still offered value for investors, analysts at Citi said.
Sierra Rutile's proposed merger with Iluka hits snag in Germany
Shares in Mineral sands producer Sierra Rutile fell nearly 17% on Tuesday morning as it was announced that its proposed $375m merger with Australian zinc miner Iluka Resources is to be delayed by a German regulator calling for a longer review of the deal.
Anglo American´s diamonds fetch 19% more in seventh sales cycle
The value of Anglo American´s rough diamond sales jumped by 19% to reach $630m during De Beers´ seventh sales cycle of 2016.
Danaher to acquire Cepheid in $4bn deal
US manufacturing company Danaher Corp. is set to buy molecular diagnostics firm Cepheid in a deal worth around $4bn including debt.
Iran to continue increasing oil output capacity, crude futures slip
Iran stood ready to continue increasing its production, possibly taking it past its pre-sanction levels towards the beginning of 2017.
Serica Energy provides update on restarted Erskine production
Serica Energy updated the market on its operations on Tuesday, after Lomond platform operator Shell advised that the issues concerning the re-commissioning of the platform’s export facilities have been resolved.
Tasty reports first half loss following impairment costs
Tasty, a UK restaurant operator, reported on Tuesday a loss in the first half due to impairment costs for five of its sites.
ReNeuron reports positive progress in clinical trials
UK-based developer of cell-based therapeutics ReNeuron Group provided a trading update ahead of its annual general meeting on Tuesday.
Applegreen's H1 revenues increase with no significant effect from Brexit vote
Irish petrol retailer Applegreen’s half year revenues increased as it said it was not significantly impacted by the Brexit vote, but it could be affected by the euro/sterling exchange rate in the future.
Intel to purchase Irish chipmaking firm Movidius in €322m deal
US technology giant Intel has agreed a deal to acquire Irish machine-vision chipmaker Movidius in a transaction thought to be worth around €322m.
Advanced Oncotherapy appoints Richard Amos as medical physics director
Developer of next-generation proton therapy systems for cancer treatment, Advanced Oncotherapy, announced on Tuesday that it has appointed Richard Amos as international director of medical physics, a non-board position, with effect from 1 November.
Careful with the ECB, BoJ, Morgan Stanley says
Strategists at Morgan Stanley saw several bends in the road ahead for financial markets, particularly regarding the outlook for ECB policy.
London midday: Stocks fall ahead of BoE inflation report hearing
London stocks declined on Tuesday as investors awaited the Bank of England’s inflation report hearing.
Europe midday: Stocks waver as investors digest mixed corporate news
European stocks wavered on Tuesday as investors mulled over some mixed corporate news.
Fresenius agrees to $6.42bn deal for Spanish healthcare group Quironsalud
German healthcare company Fresenius said on Monday that it had agreed a $6. 42bn leveraged buy-out for Spanish hospital operator IDC Salud Holding, commonly known as Quironsalud.
General Electric to acquire two 3D printing companies
US electrical giant General Electric has announced the acquisition of a pair of 3D printing companies for a combined $1. 4bn.
Dalata Hotel Group's H1 revenue rises but 'disappointed' about Brexit vote
Irish hotel operator Dalata Hotel Group’s half year revenues increased as it traded ahead of expectations, but was “disappointed” by the Brexit vote as it reduced euro denominated UK earnings.
US pre-open: Stocks set for muted open as traders return to their desks
US futures pointed to a pretty muted open on Wall Street as traders returned to their desks after the Labour Day holiday.