Market Pulse
Lancashire reports mixed third quarter, downplays impact of Matthew
Lancashire Holdings announced its results for the third quarter of 2016 and the nine months to 30 September on Thursday, with its fully converted book value per share down to $6. 55 at period end, from $6. 78 a year earlier.
Regus to set up Swiss holding company outside EU
Workplace provider Regus is to set up a new holding company outside the EU in Switzerland called International Working Group as part of its plan to provide work solutions across multiple brands.
Howden Joinery revenue up as more depots open
Howden Joinery Group published a trading update covering the period from the end of the first half of the year - on 11 June 2016 - to date.
Europe open: Stocks waver as investors digest Fed; Credit Suisse slides
European stocks wavered in early trade as investors digested the latest policy decision from the Federal Reserve, with the Bank of England’s announcement due later in the day.
3i Infrastructure posts positive NAV growth in first half
3i Infrastructure posted its results for the six months to 30 September on Thursday, reporting good portfolio performance as driving net asset value growth.
Morrisons lifts third quarter with 'biggest ever' Halloween
Wm Morrison Supermarkets reported its fourth consecutive quarter of growth, helped by its strongest ever Halloween.
Shawbrook posts solid quarter with 'minimal' impact from Brexit
Shawbrook Group issued its interim management statement for the nine months to 30 September on Thursday, reporting a stable net interest margin of 5. 6%, with continued tailwinds expected from deposit book repricing following the Bank of England base rate cut in August 2016.
London open: Stocks little changed ahead of BoE
Stocks in London were little changed in early trade as investors looked ahead to a rate decision from the Bank of England and digested the latest policy announcement from the Federal Reserve.
Esure and Gocompare go their separate ways
Esure Group confirmed on Thursday that it completed the demerger of Gocompare. com Group from the group.
Schroders' net inflows fall as AuM boosted by sterling collapse
Fund manager Schroders reported flat profits in the first nine months of the year as its assets under management increased despite a fall in net inflows.
Inmarsat Q3 revenues up but profit down
Satellite services provider Inmarsat reported a jump in third-quarter revenues following strong performances in the government and aviation divisions, but a drop in pre-tax profit.
Randgold profit soars as it outlines five-year plan
Randgold Resources announced a new focus on three new projects over the next five years on Thursday, as it reported a strong third quarter performance keeping it on track to meet its 2016 guidance.
Coca-Cola Q3 sales drop but on track for full year
Coca-Cola HBC posted a drop in third-quarter sales volumes on the back of unfavourable weather compared to the same period last year but said it was on track to meet expectations for the year.
Glencore tightens guidance as production falls in line with targets
Glencore slightly increased its full-year trading profit forecast and confirmed production of its panoply of metals and minerals was pretty much as expected.
RSA reports drop in nine-month net written premiums
RSA Insurance reported a fall in net written premiums in the first nine months of the year, reflecting the impact of disposals, but the group said it was on track for strong operating earnings increases for the year.
Croda quarterly sales surge on weak sterling
Specialty chemical company Croda International updated the market on Thursday, on its trading during the third quarter to 30 September, with constant currency sales up 2. 5% during the three months and 2. 4% year-to-date.
London pre-open: Stocks seen lower ahead of BoE
Stocks in London were set to open lower on Thursday as investors eye the Bank of England rate announcement and digest the latest policy decision by the Federal Reserve.
Thursday newspaper round-up: BHS pensions, food industry, Brexit
Regulators have fired the opening shot in a battle that could force Sir Philip Green to hand over a chunk of his fortune to pay the pensions of former workers at the retail chain that made him a billionaire. Sir Philip promised in June to “sort” the £571m pension deficit left behind by BHS, which collapsed in April barely a year after the Topshop tycoon sold the department store for £1. He said on Wednesday night he had offered regulators a deal, along with bank documents proving he had access to the required cash.
US Fed stays put as one dissenter changes tack
Rate-setters in the US kept voted to maintain the current settings for the country´s monetary policy following two days of deliberations but slightly upgraded their view of the current situation, something which appears to have reaffirmed many economists in their forecasts that an interest rate hike was likely in December.
US close: S&P 500 caps seven-day losing streak
US stocks continued to move lower at the start of November, capping a seven-day losing streak, a rare occurrence, although they managed to finish off the session lows hit just after the central bank announced that the case for a rate hike had strengthened, which many observers appeared to take as a signal that a tightening move in December was now more likely.