Market Pulse - Europe
Bonds: Gilts slump on retail sales data as safe haven bid unwinds
These were the movements in the most widely-followed 10-year sovereign bond yields: US: 2. 41% (+1bp)UK: 1. 23% (+5bp)Germany: 0. 43% (+2bp)France: 1. 04% (+0bp)Spain: 1. 73% (-1bp)Italy: 2. 27% (+1bp)Portugal: 4. 20% (+4bp)Greece: 7. 39% (-1bp)Japan: 0. 06% (0bp).
Directors dealings: Abcam chief shows faith, pulls out chequebook again
Abcam's chief pulled out his wallet for a second time in just under a week to purchase shares in the company he runs.
Thursday broker round-up
Tullow Oil: RBC downgrades to Sector Perform with a target price of 275p.
Europe close: Stocks gain as political worries in France abate
European stocks were higher on Thursday as investors' concerns about US president Donald Trump’s economic plans drew attention to the relatively better valuations on offer on the Continent.
Coal of Africa COO resigns after insider trading fine
Coal of Africa’s chief operating officer Michiel Jakobus Brönn has resigned after being fined by the Financial Services Board of South Africa for insider trading.
FTSE 250 movers: Halma up on trading update; Ted Baker drops
London’s FTSE 250 was up 0. 7% to 18,971. 87 in afternoon trade, as investors sifted through corporate news and digested better-than-expected retail sales figures.
Jaywing launches in Australia
UK data science-led marketing company Jaywing has launched its brand in Australia to fast-track local growth and expand its service offering.
Intelligent Energy surges on US drone deal
Shares in Intelligent Energy surged on Thursday after the company said it has signed a deal with the US’s PINC to supply its air cooled fuel cell systems for unmanned aerial vehicles for an undisclosed sum.
IG Group Q3 revenue down 3.8% in 'quiet period'
Online trading company IG Group reported a 3. 8% drop in revenue for the third quarter, which it referred to as a “quiet period” in global financial markets.
London open: Stocks nudge lower ahead of retail sales data
London stocks nudged a little lower in early trade as investors eyed the release of UK retail sales data, amid ongoing worries about Donald Trump’s economic plans.
Deutsche upgrades Tesco, downgrades Sainsbury
Tesco got a boost on Thursday as Deutsche Bank upgraded the stock to ‘buy’ from ‘hold’ and lifted the price target to 240p from 230p.
Crest Nicholson says trading remains robust
Housebuilder Crest Nicholson said on Thursday that the trading environment has remained robust, with good sales across its areas of operation.
London pre-open: Stocks seen touch higher but Trump worries remain
London stocks were set for a slightly firmer open on Thursday following a steady session in the US, although worries about Donald Trump’s economic agenda remained.
Thursday newspaper round-up: Retirement, Centrica boss, energy prices
Millions of people in their late 30s and early 40s look set to have to work for an extra year after an official review recommended pushing up the state pension age (SPA) more quickly than previously planned. The independent report said the SPA should rise to 68 by 2039 instead of 2046. It also recommended that the state pension “triple lock” is withdrawn in the next parliament. – Guardian.