Market Pulse
Exxonmobil lobbying against electric vehicles in Britain
US oil giant Exxonmobil has been lobbying the UK government against the idea of implementing renewable and alternative fuels, according to documents obtained by climate change blog DeSmog UK.
Asia report: Markets sink on Fed rate hike fears
Markets in Asia fell on Monday, following from a very red finish in New York on Friday as traders became increasingly worried the Fed will raise interest rates sooner, rather than later.
Sanofi and Google's Verily Life Science launch diabetes joint venture
Global healthcare provider Sanofi and Alphabet’s Verily Life Science launched Onduo, their joint venture, to develop diabetes solutions using software, medicine and professional care.
HarbourVest launches all-cash takeover of SVG Capital
HarbourVest Partners launched an all-cash takeover of FTSE-250 listed SVG Capital, with stock in the latter having moved above the offer price in early trading.
Hillary Clinton cancels California trip due to pneumonia, adds to market wobble
United States presidential candidate Hillary Clinton has cancelled a scheduled trip to California after she was revealed to have been diagnosed with pneumonia.
Citigroup initiates Pets at Home at 'buy'
Citigroup initiated coverage of Pets at Home at ‘buy’ with a 275p price target, given its expectation of the medium-term margin upside opportunity and cash returns.
HP to buy Samsung's printer business in $1.05bn deal
HP Inc. has agreed to buy Samsung Electronics Co’s printer business in a deal valued at $1. 05bn.
Samsung share price tumbles after Galaxy Note 7 recall
Shares in Samsung Electronics plummeted on Monday after the technology giant recalled its Galaxy Note 7 smartphone following issues with the device's battery.
AB Foods upgrades earnings guidance but shares fall on pension deficit alarm
Associated British Foods said it expected full year earnings to be slightly ahead of last year's, although like-for-sales at Primark are expected to have deteriorated and news of a sizeable pension deficit set off alarm bells with investors.
Keras Resources buys Klondyke gold project in Western Australia
In its latest bid to become a substantive Western Australian gold miner, Keras Resources bought the Klondyke project and signed a mining agreement with HML Tenements.
Government should reform immigration and tax laws, boost research spending, Fed´s Kashkari says
The best way forward on economic policy in the US was through immigration and tax reform, together with higher spending on education and research, a top central bank official said.
John Laing Infrastructure's profit rises but expects short-term slowdown
Property development fund John Laing Infrastructure expects to see a slowdown in market activity due to the Brexit vote, though the company reported a rise in half-year profits due to international expansion and project divestments.
Europe open: Stocks slide amid US rate hike concerns
European stocks fell sharply in early trade amid growing concern the Federal Reserve will raise interest rates at its next policy meeting.
HS2 chief Kirby poached by Rolls-Royce
There was a fresh shake-up for Britain’s railways over the weekend, after it emerged that Simon Kirby is leaving HS2 Ltd - the company designing and building the next stage of Britain’s controversial high-speed railway network - to take up the post of chief operating officer at Rolls-Royce.
Xcite Energy updates market on bond restructuring
AIM-listed Xcite Energy updated investors on the restructuring of its $135m senior secured bonds on Monday after its share price surged at the end of last week.
Vodafone shares may be set to rise by a third, Barron´s says
Shares in Vodafone may rise by a third, according to a report in financial weekly Barron´s.
Praxair and Linde terminate talks
Praxair and Linde have ended preliminary discussions regarding a potential merger.
London open: Stocks caught in downdraft from Wall Street
The Footsie started the session sharply lower, caught in the downdraft from the sharp falls seen on Wall Street last Friday, alongside big losses for the main Asian equity indices on Monday.
Exane upgrades Wood Group, highlights promising Upstream engineering pipeline
Exane BNP Paribas upgraded Wood Group to ‘outperform’ from ‘neutral’ and raised the price target to 815p from 695p.
Jefferies upgrades AstraZeneca to 'buy'
Jefferies upgraded AstraZeneca to ‘buy’ from ‘hold’ and lifted the price target to 5,800p from 5,400p saying it sees a much higher probability of success and larger market opportunity from the MYSTIC study than consensus implies.