Market Pulse
Petrofac boosted by Goldman upgrade to 'buy'
Petrofac got a boost on Wednesday as Goldman Sachs upgraded the stock to ‘buy’ from ‘neutral’ and lifted the price target to 1,066p from 912p.
Walmart in negotiations for $1 billion Flipkart investment
US retail giant Walmart has reportedly entered negotiations to take a stake in India's Flipkart Online Services, in a deal reported to be valued at around $1bn.
Europe open: Stocks push higher as Deutsche Bank recovers
European stocks rose in early trade, boosted by solid gains in the banking sector as Deutsche Bank recovered from recent losses.
Stagecoach shares up despite bus and coach declines
Passenger transport operator Stagecoach Group published an update on its current trading on Wednesday, ahead of a series of meetings with analysts.
PZ Cussons takes confidence from product pipeline
First quarter trading at PZ Cussons was "robust" and the washing, bathing and beauty group was bullish that its bulging pipeline of new products will allow it to weather challenging trading conditions it is facing in most markets.
London open: Stocks move higher on oil price gains
Stocks in London began the session higher, with investors busy scanning the conflicting headlines coming out of Wednesday's OPEC meeting in Algeria ahead of a raft of US central bank speakers scheduled for later in the day.
RBS agrees to pay $1.1bn to settle miss-selling mortage claim
The Royal Bank of Scotland (RBS) agreed to pay $1. 1bn (£846) to settle two legal claims that it allegedly miss-sold mortgage securities in the run-up to the 2008 financial crisis.
Tritax Big Box to raise £150m in order to make further acquisitions
FTSE 250 property investment trust Tritax Big Box has announced plans to raise about £150m in a discounted share placing, subscription and open offer in order to make further acquisitions.
Kennedy Wilson Real Estate launches share buyback scheme
Kennedy Wilson Europe Real Estate has launched a share buyback programme to manage its balance sheet and to take advantage of future investment opportunities.
German consumer sentiment dips after Brexit, but still strong, GfK says
German consumer sentiment dipped in September, as a gauge of expectations for the country´s economy slipped for a third consecutive month.
AA reports 'robust' first half as member numbers recover
Motorist support organisation AA posted its interim results for the six months to 31 July on Wednesday, with trading revenue up 2% to £467m.
Pets at Home appoints New Look's Mike Iddon as CFO
Pets at Home has appointed Mike Iddon as group chief financial officer with effect from 17 October.
Wednesday newspaper round-up: IMF, Global competitiveness, German banks
Urgent action is needed to reverse a slowdown in trade and stop low inflation from triggering a downward spiral of weak growth, job cuts and higher debt, the International Monetary Fund has warned. A global lurch towards protectionism and the sluggish recovery had driven a "remarkable" slowdown in trade since 2012, according to analysis by the Fund. - The Daily Telegraph.
London pre-open: Stocks set for muted start
Stocks in London were set for a muted start on Wednesday as investors continued to keep an eye on any developments at the OPEC meeting in Algeria.
TUI reports in-line trading
Trading at TUI was in-line with the company´s expectations, the travel operator said in a pre-close trading update.