Market Pulse
Volkswagen unveils electric car model to hit roads in 2020
German carmaker Volkswagen has revealed its plans for an electric concept car, which the company hopes will hit the market by 2020.
India launches strikes in Pakistan controlled Kashmir
India’s army said it carried out “surgical strikes” overnight against suspected militants across its de facto border with Pakistan in Kashmir, as Pakistan reported that two of its soldiers were killed in an “unprovoked” attack.
Daily Mail to make deeper staff cuts
Daily Mail and General Trust (DMGT) said full year results are anticipated to be in line with current market expectations as it plans to make deeper staff cuts.
Northbridge shares surge despite difficult first half
Industrial services and rental company Northbridge announced its unaudited interim results for the six months to 30 June on Thursday, with positive cash generation from operations falling to £1. 7m from £3. 3m in the first half of 2015.
Bob Holt steps down as Inspired Energy chairman
Energy procurement consulting company Inspired Energy announced some planned board changes on Thursday, as Bob Holt stepped down from his position as non-executive chairman.
Crawshaw warns over full-year profits
Fresh meat and food-to-go retailer Crawshaw warned over its full-year profits on Thursday and reported a wider loss for the 26 weeks to the end of July, as some of its new price and range initiatives proved not to be a big hit with customers.
Europe midday: Stocks in the black as energy issues rally on OPEC
European stocks rose on Thursday, with energy shares pacing the advance after OPEC ministers agreed a deal to cut production for the first time since 2008.
London midday: Equities boosted by OPEC's plans to limit production
London stocks rallied on Thursday following news that OPEC has agreed a deal to limit production for the first time since 2008.
Gaming Realms and Express Newspapers launch real-money gaming sites
Gaming Realms has won a revenue-sharing deal to supply two of its smartphone games with Express Newspapers.
WANdisco shares surge as CEO Richards steps down
WANdisco co-founder and chief executive David Richards has stepped down from the board of the 'big data' software company with immediate effect, with chairman Paul Walker taking an executive role in the interim.
Imagination Technologies sells Pure digital radio business for £2.6m
Imagination Technologies said trading in the first quarter continues to be in line with the board’s expectations and announced an agreement to sell its Pure digital radio business to Austria’s AVenture AT for £2. 6m in cash as it looks to reduce debt.
Harvey Nash shares drop on half-year results
Technology recruitment and offshore services company Harvey Nash Group announced its half year results to 31 July on Thursday, which were in line with the board's expectations.
Redcentric appoints new COO, says on track to meet FY expectations
AIM-listed IT managed services provider Redcentric announced the appointment of Mo Siddiqi as chief operating officer and expressed confidence that it will deliver results in line with its expectations for the year.
Commerzbank to announce 9,600 job cuts and suspend dividend
Troubled German lender Commerzbank will reduce its workforce by 20% in the next few years by cutting 9,600 jobs, in an attempt to cut costs and boost profitability.
US pre-open: Stocks set for flat open as enthusiasm over OPEC fades
US futures pointed to a steady open on Wall Street as enthusiasm over OPEC’s deal to cut production wore off.
Asia report: Markets higher as energy shares rally
Most markets in Asia finished higher on Thursday, as oil prices rallied amid reports of a production freeze being finally agreed between producing nations of OPEC.
OPEC deal could boost oil prices but uncertainty remains: Goldman Sachs
Goldman Sachs has said that a deal agreed by the Organization of Petroleum Exporting Countries to cut oil production is likely to prop up prices for the short term at least, but has remained firm on its forecasts.
Amiad Water Systems appoints Dori Ivzori CEO
Water treatment and filter producer Amiad Water Systems appointed Dori Ivzori chief executive.
BoE launches buy-to-let curbs as housing market cools
As its data showed the UK housing market cooled in August with a 20-month low in mortgage approvals, the Bank of England announced new curbs on buy-to-let borrowing.
German unemployment unexpectedly increases in September
German unemployment unexpectedly rose in September, although the unemployment rate remained at a record low, according to data released by the Federal Statistics Office.