Market Pulse
FCA fines TSB £10.9m over treatment of customers in arrears
The Financial Conduct Authority (FCA) has fined TSB Bank £10. 9m for failing to ensure fair treatment of customers in financial difficulty.
Asia report: Most markets rise as China opens 'swap scheme'
Most Asia-Pacific markets posted gains on Thursday, buoyed by positive sentiment from Wall Street and investor optimism ahead of key US inflation data.
GSK to pay $2.2bn to settle Zantac lawsuits
GSK has agreed to pay $2. 2bn to settle about 80,000 Zantac lawsuits in the US.
Chemring Nobel to look into new Norway explosives production plant
Chemring Group announced on Thursday that its subsidiary Chemring Nobel was partnering with the Norwegian government on a feasibility study to assess the development of a new military explosives production facility.
Gulf Marine Services secures new long-term contract in Europe
Gulf Marine Services announced a new long-term contract in Europe on Thursday and the extension of two existing contracts in the Middle East, adding a total of 25 months to the backlog, inclusive of optional extensions.
Ramsdens flags record full-year profits
Financial services provider and retailer Ramsdens reported strong trading momentum for the financial year ended 30 September in an update on Thursday.
Full-year revenue, earnings rise for Volution
Volution Group, a designer and manufacturer of air quality systems, reported full-year revenue of £347. 6m in its preliminary results on Thursday, a 6% increase, with adjusted operating profit rising 11. 7% year-on-year to £78m.
London open: Stocks gain ahead of US CPI; GSK surges on Zantac settlement
London stocks rose in early trade on Thursday, taking their cue from an upbeat session on Wall Street, as investors eyed the latest US inflation reading.
Liontrust assets under management fall in Q3
Asset manager Liontrust said on Thursday that assets under management had shrunk in the three months ended 30 September amid uncertainty around changes to taxation in the lead-up to the UK budget.
London pre-open: Stocks seen up as investors eye US inflation
London stocks were set to gain at the open on Thursday following an upbeat session on Wall Street, as investors eyed the latest US inflation reading.
Thursday newspaper round-up: Workers' rights, UK productivity, downsizers
Rogue employers will be targeted by a beefed-up new enforcement agency to protect sweeping changes to rights at work for millions of Britons, set to be outlined in a “watershed” bill published on Friday. The Fair Work Agency will be created as part of the government’s employment rights legislation, which will include stronger protections against unfair dismissal and exploitative contracts. – Guardian.