MARKET PULSE
07 Nov
Sector movers: Speculation drives gains in electricity, oil stocks
amec afw mining engineering copper

M&A speculation and commodity prices were the main drivers behind Tuesday's price action despite skepticism from analysts on both fronts.

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07 Nov
Europe close: Stocks end day lower as investors take breather
1euro

Stocks finished slightly in the red, reversing earlier gains as market optimism regarding the prospect for US tax reforms was tempered somewhat by conflicting reports regarding the exact timing and content of any meaasures.

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07 Nov
Europe midday: Stocks dip lower
1euro

Stocks have slipped slightly into the red come midday, reversing earlier gains on the back of overnight gains on Wall Street and a sharp rise for Japan's Nikkei 225 to its best level since January 1992.

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07 Nov
FX round-up: Increased rate hike expectations push US dollar higher
euro-dollar

Tuesday saw the greenback rally against a basket of currencies, with the dollar index trading 0. 28% higher to 95. 020, able to hold on just below a 3 and half month high of 95. 150 hit last week.

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07 Nov
Investec highlights strong cash flows, M&A optionality at Imperial Brands

Analysts at Investec sounded a positive note on shares of Imperial Brands despite the company's slight earnings miss for the full year, pointing to its "strong" cash-flows and M&A optionality, which led them to the conclusion that the discount they were trading on relative to the sector was too "harsh".

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07 Nov
Macquarie reiterates 'buy' for Glencore, BHP Billiton and Rio Tinto
bhp billiton, mining

Diversified miners' valuation discount versus the FTSE 100 is well-deserved, analysts at Macquarie have said, pointing to the group's volatile top line and poor track record in terms of capital allocation during the 'good times'.

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07 Nov
Director dealings: Partner of BT chairman collects 200,000 shares in telecoms giant
bt, openreach, cable, broadband, internet

Magdalena du Plessis, the wife of BT chairman Jan du Plessis, picked up 200,000 ordinary shares in the telecommunications giant on Tuesday at a cost of £2. 52 each.

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07 Nov
IAG traffic remains on upward trajectory
ep avion a330-200iberia

International Consolidated Airlines Group, better known as IAG and as the owner of British Airways and Iberia, continued to grow capacity and passenger traffic in October.

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07 Nov
London close: FTSE trades lower as retail stocks weigh
Night tube/underground, London

London stocks closed lower on Tuesday, weighed down by the likes of G4S and AB Foods.

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07 Nov
SSE and Innogy in 'well-advanced' merger discussions
innogy-eoliennes-nordsee-one

British energy supplier SSE is in talks with the parent company of rival Npower, German firm innogy, about potentially forming the UK's largest power company.

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07 Nov
US open: Wall Street mixed as markets wait on Senate tax reform proposal
capitolio

Wall Street is trading on a mixed note amid conflicting reports on the likely timing and exact content of any White House tax reform proposal ahead of the anticipated Senate proposal later this week or early during the next one.

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07 Nov
First Derivatives ticks all the boxes
computer chip technology computers

UK-based software and consultancy services firm First Derivatives saw its revenue grow by 21% in the first half of its trading year, led by strong growth in its software wing and heightened demand for its managed services and consulting solutions.

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07 Nov
Scottish Power boss calls on ministers to choose a side in energy debate
scottish power

Keith Anderson, chief corporate officer for Scottish Power, came for the UK government on Tuesday as he challenged ministers to choose whether or not they would back the free market or fully regulate the energy industry.

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07 Nov
William Hill rallies on double upgrade from Merrill
william hill dog racing greyhound

Bookmaker William Hill got a boost on Tuesday as Bank of America upgraded the stock to ‘buy’ from ‘underperform’, lifting the price target to 330p from 224p.

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07 Nov
High street retailer New Look brings back former executive to right ship
new look shop retail

Alistair McGeorge, executive chairman of low-cost fashion retailer New Look, said on Monday that the high street brand's previous management should be held accountable for its weakened sales performance and dragging the company to a heavy loss as a result of it making the group "too young and edgy. ".

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07 Nov
Lionsgold fintech unit receives FCA e-money approval
internet computers

Gold-focussed exploration company and gold-holding fintech developer Lionsgold announced on Tuesday that its majority-owned fintech subsidiary TRAC Technology has received approval as an EMD Agent from the Financial Conduct Authority.

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07 Nov
Altus Strategies granted Zolowo exploration licence in Liberia
gold bars precious

Africa-focussed exploration project generator Altus Strategies announced on Tuesday that it has been granted the Zolowo exploration licence in the Lofa County of north western Liberia, targeting Archaean greenstone-hosted gold deposits.

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07 Nov
Paragon Entertainment issues profit warning amid slow progress
Money coins pound

Attractions design, production and fit-out company Paragon Entertainment announced on Tuesday that it expects to complete the 2017 financial year with sales “broadly in line” with the board's expectations, at £15. 0m.

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07 Nov
FTSE 250 movers: William Hill boosted by double upgrade; Hikma down ahead of update
William Hill, bookmaker, gaming, gambling

London's FTSE 250 was down 0. 4% to 20,352. 69 in afternoon trade on Tuesday.

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07 Nov
FTSE 100 movers: Imperial Brands rallies on update, but G4S slides
Cigarettes, tobacco, smoking

London’s FTSE 100 was down 0. 2% to 7,547. 86 in afternoon trade on Tuesday as investors digested the latest retail sales data and updates from Imperial Brands and G4S.

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