Market Pulse
Goldman removes Sainsbury from 'conviction sell' list
Goldman Sachs removed Sainsbury from its ‘conviction sell’ list, keeping at ‘sell’, with a 195p price target.
Keywords Studios buys Player Research for £1.3m
Keywords Studios, a services provider to the global video games industry, has bought peer Player Research for up to £1. 3m.
Europe open: Stocks nudge lower as oil slips back
European stocks nudged lower in early trade amid declining oil prices and following a weak lead from Wall Street, as investors continued to sift through earnings.
Ireland's Dalata Hotel buys four-star hotel in Cardiff for £24m
Irish hotel operator Dalata Hotel Group bought the freehold of 216-room Clayton Hotel in Cardiff for £24m (€27m).
Riverstone improves NAV per share despite difficult market
Riverstone Energy issued its interim management statement ("IMS") for the three months to 30 September on Wednesday, with net asset value at period end of $1. 56bn, or $18. 41 per share.
Bunzl trades in line as acquisition frenzy continues
International distribution and outsourcing group Bunzl announced a trading statement for the period since 30 June on Wednesday, with overall performance consistent with expectations.
Meggitt wins $48m helicopter contract
FTSE 250 aerospace engineer Meggitt has been awarded a $48m contract for a health and usage monitoring system (HUMS) from engineering and maintenance organisation Guangzhou Hangxin Avionics, for its helicopters.
AstraZeneca reports positive results for ovarian cancer trial
Pharmaceutical giant AstraZeneca reported that its Lynparza drug had positive results from a clinical trial to treat women with mutated ovarian cancer.
Ofcom hits Vodafone with £4.6m fine
Vodafone has been fined £4. 6m by the regulatory for "failing customers", with a Ofcom accusing the telecoms giant of mis-selling, inaccurate billing and poor handling of complaints.
Metro Bank posts first quarterly profit
Metro Bank swung to a pre-tax profit in the third quarter – its first quarterly profit ever – as revenue surged 78%.
London pre-open: Stocks seen lower amid oil price decline
London stocks were set for a weaker open on Wednesday, taking their cue from a downbeat US session and amid declining oil prices.
Wednesday newspaper round-up: Brexit, Vodafone, Heathrow
Theresa May privately warned that companies would leave the UK if the country voted for Brexit during a secret audience with investment bankers a month before the EU referendum. A recording of her remarks to Goldman Sachs, leaked to the Guardian, reveals she had numerous concerns about Britain leaving the EU. It contrasts with her nuanced public speeches, which dismayed remain campaigners before the vote in June. - Guardian.