Market Pulse
Switzerland cuts interest rates again
The Swiss National Bank cut its key rate on Thursday to 1. 25% from 1. 5%.
Urban Logistics posts stable results after second-half recovery
Urban Logistics REIT reported an 8. 4% improvement in net rental income in its full-year results on Thursday, to £57. 4m.
YouGov warns profits will be lower than expected, shares tumble
YouGov tumbled on Thursday as it cautioned that full-year profits and revenue will be lower than expected due to slow demand in its data products division.
London open: Stocks nudge up ahead of BoE announcement
London stocks were just a touch firmer in early trade on Thursday as investors eyed the latest policy announcement from the Bank of England, which is widely expected to stand pat on interest rates at 5. 25%.
Phoenix Group completes first phase of deleveraging programme
Phoenix Group announced on Thursday that it has successfully completed the initial phase of its deleveraging programme, including a significant debt redemption and refinancing exercise.
Alpha FMC to be taken over by Bridgepoint in £626m deal
Alpha Financial Markets Consultancy said on Thursday that it has agreed to be bought by private equity firm Bridgepoint for 505p per share in cash.
London pre-open: Stocks to edge up ahead of BoE announcement
London stocks were set to rise at the open on Thursday as investors eyed the latest policy announcement from the Bank of England, which is widely expected to stand pat on rates at 5. 25%.
Thursday newspaper round-up: Amazon, Chinese carmakers, Asos
Labour’s plans for ending Britain’s long-term economic stagnation have been backed by a group of leading economists, including three Nobel prize winners and a former Bank of England deputy governor. In a boost to the shadow chancellor, Rachel Reeves, the 16 UK and internationally based economists said change was “desperately needed” after the policy mistakes and failures of the past 14 years since the Conservatives took power. – Guardian.