Market Pulse
French business confidence slips in October
French business confidence slipped in October amid a dip in a gauge for firms´ past activity levels.
London open: Stocks push higher as miners gain ground
London stocks edged higher in early trade, with miners pacing the advance as investors sifted through earnings and looked ahead to a speech by Bank of England governor Mark Carney.
Monte dei Paschi announces restructuring plans, shares jump
Banca Monte dei Paschi di Siena´s new chief, Marco Morelli, unveiled a broad revamp of the lender´s operations just six weeks into his new job in a bid to win over investors and secure its survival.
3i to sell debt management business to Investcorp
Investment manager 3i Group is to sell its debt management business to Investcorp, a Bahrain-based manager of alternative investments, for around £222m to focus on growing its private equity and infrastructure portfolios.
National Express posts strong numbers, drops Nuremberg contract
Passenger transport operator National Express Group posted a trading update for the three months to 30 September on Monday, with the board reporting “strong progress” as both revenue and profit grew year-on-year in constant currencies.
GKN posts growth despite tough trading conditions
Aerospace and automotive engineering group GKN issued a trading update for the nine months to 30 September on Tuesday, with management sales increasing 21% to £6. 9bn, including organic sales growth of 2% - or £151m - in line with expectations.
London pre-open: Stocks seen higher; eyes on Carney
London stocks were set for a firmer open on Tuesday as oil prices steadied, with investors looking ahead to a speech by Bank of England governor Mark Carney.
Tuesday newspaper round-up: Deficit, energy warning, Glencore, FCA
The chancellor’s plans to reduce the deficit are unlikely to get back on track this year, an internal briefing document for ministers has revealed. The Treasury document, which was marked “sensitive”, also revealed the UK faced a £700m bill after the EU referendum result, with Britain’s contribution to the EU growing by 25. 9% compared with the same period last year. - Guardian.