Market Pulse
UBS downgrades Weir, says good news priced in
UBS downgraded Weir to ‘neutral’ fro ‘buy’ but lifted the price target to 1,830p from 1,500p saying much of the positives are now priced into the stock.
Provident Financial reports 'in-line' third quarter trading
Provident Financial´s performance during the third quarter was in-line with management´s own expectations, the company said in a statement.
Ashmore posts flat quarterly flows as emerging markets recover
Specialist emerging markets asset manager Ashmore Group updated the markets on its assets under management on Friday, for the quarter to 30 September.
London pre-open: Stocks seen higher after China inflation data
Stocks in London were set for a firmer open on Friday following the release of encouraging Chinese inflation data.
Friday newspaper round-up: SoftBank, Tesco/Unilever, US banks exodus
SoftBank and Saudi Arabia’s sovereign wealth fund are preparing to launch a new tech fund that will manage as much as $100bn, in a move that will create one of the largest tech investment funds in the world. The new fund, dubbed the SoftBank Vision Fund, will be based in London and seeded with $25bn from SoftBank and up to $45bn from Saudi Arabia’s sovereign wealth fund over the next five years, according to a statement from Masayoshi Son’s Japanese telecoms group.