Market Pulse
Wells Fargo warned to cut back on bonuses after fake account scandal
The fallout from Wells Fargo's fake account scandal shows no signs of letting up, as investors in the US bank have called for a cutback in bonuses paid to top executives as a result of the misdemeanour.
Balfour Beatty and HICL win place on Burbo Bank windfarm shortlist
London-listed trio Balfour Beatty, HICL Infrastructure and International Public Partnerships are among five groups to have their bids shortlisted to own and run the £230m transmission link with a new offshore windfarm in the Bay of Liverpool.
Steppe Cement struggles with exchange rate in first half
Steppe Cement posted its interim results for the six months to 30 June on Tuesday, with a consolidated loss after tax of $1. 5m.
Netplay TV continues to see growth in first half 2016
NetPlay TV, the UK’s largest interactive TV gaming company, reported rising revenues in first half particularly from its business to business (B2B) platform.
Ensor trades well as it markets remaining businesses
Ensor Holdings posted its interim results for the four months to 31 July on Tuesday, with revenue of £4. 28m, compared to £12. 07m for the year to 31 March.
Jefferies starts Britvic at 'hold'
Jefferies initiated coverage of Britvic at ‘hold’ with a 650p price target.
Ford buys journey-sharing startup Chariot for $65m
US car manufacturer Ford has bought journey-sharing startup Chariot in a $65m deal in an attempt to expand its San Francisco business to five further markets.
Thalassa revenue almost halves in first half
Thalassa Holdings announced its financial results for the six months to 30 June on Tuesday, with revenue falling to $5. 2m against $9. 9m for the same period last year.
US pre-open: Stocks set for losses as oil retreats
US futures pointed to a lower open on Wall Street following healthy gains in the previous session and amid weaker oil prices, as investors continued to digest dovish comments by Federal Reserve governor Lael Brainard.
Winkworth's revenue rises in run-up to EU ref but followed by low sales
Estate agent M Winkworth’s half-year revenues increased in the run-up to the European Union referendum, while it expects trading to pick up from the lows hit in June and July due to economic uncertainty following the result.
Boeing sees orders from China hitting $1trn in next 20 years
Planemaker Boeing predicted that the Chinese aviation market would generate over 6,810 orders for planes, with a value of over $1. 025trn, over the next 20 years.
Purplebricks boosted by Citigroup initiation at 'buy'
Purplebricks got a boost on Tuesday as Citigroup initiated coverage of the stock at ‘buy’ with a 200p price target.
UK inflation remains at 0.6 per cent in August, ONS reveals
UK inflation did not rise as much as hoped in August, according to official figures released on Tuesday, indicating that the recent fall in the pound has not begun to boost inflation yet.
Asia report: Markets mixed as China data surprises
Markets in Asia ended mixed on Tuesday, as markets slipped away from earlier gains, which came after a dovish speech from Federal Reserve Governor Lael Brainard, as well as better-than-expected data from China.
Ocado turns up volumes but margins remain under pressure
Ocado claimed its best quarterly volume growth in four years, although a slight acceleration in group revenue growth in the third quarter thanks to the Morrisons deal was overshadowed by comments about the tough margin environment.
Esure plans to float GoCompare.com for potential £650m
Insurer Esure has begun working on plans to spin off its financial services comparison website GoCompare. com via a flotation on the London main market.
Europe open: Stocks push higher on dovish Brainard comments
European stocks edged higher in early trade, recovering from the previous session’s losses and taking their cue from a positive close on Wall Street following dovish comments by Federal Reserve governor Lael Brainard.
European Wealth buys CIMCO Partners Management for £750,000
Investment manager European Wealth bought CIMCO Partners Management, which manages the G20 Absolute Return fund based in Gibraltar, for £750,000.
London open: Stocks inch higher ahead of August CPI data
London stocks edged up at the start of trading, taking their cue from gains overnight on Wall Street, on the back of dovish remarks from a top US central bank official.
Barclays ups year-end targets for Stoxx 600, Stoxx 50 and FTSE 100
Barclays upgraded its year-end targets for the main European indices in its latest equity strategy note.