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Market Pulse
22 Jun
hornby models toys hobbies train steam
Hornby says Phoenix offer 'significantly undervalues' company

Model train set maker Hornby said on Thursday that the 32. 375p a share offer made by Phoenix UK Fund for the shares in the company it doesn't already own "significantly undervalues" the group and its future prospects.

22 Jun
ep industria manufacturera
UK industrial trend improves more than expected - CBI survey says

UK manufacturing is bouncing back, the CBI industrial trends survey showed on Thursday as the headline total orders balance came in much higher than forecast.

22 Jun
Oil rig in Algeria, oil & gas, energy
Europe midday: Oil shares slip towards seven-month low

European markets were holding lower, with investors pushing Oil&Gas shares to near seven-month lows, albeit against a backdrop of positive economic data and heavy news-flow news regarding continued deal-making in the corporate space.

22 Jun
London, Londres
London midday: Stocks stay in the red despite encouraging manufacturing data

London stocks were holding onto losses by midday despite an upturn in oil prices and an encouraging reading on the UK manufacturing sector, as Prime Minister Theresa May prepared for a key EU summit in Brussels.

22 Jun
barclays-devant-la-justice-britannique-dans-l-affaire-libor
Goldman positive on StanChart but stays at sell on Barclays and Lloyds

Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developments and ahead of the release of the Financial Policy Committee's Financial Stability Report on 27 June.

22 Jun
Rio Tinto train in the Pilbara region of Western Australia; mining
Deutsche Bank cautious on EMEA miners, Rio Tinto still top-pick

Deutsche Bank reiterated a 'neutral' view on the European, Middle East & Asia mining sector, telling clients they were cautious given the modest deterioration seen in macro indicators for the sector.

22 Jun
ultra electronics
Ultra Electronics meaningfully undervalued, Investec says

Analysts at Investec reiterated their recommendation on Ultra Electronics, telling clients the shares were "meaningfully" undervalued with momentum in the company's orders set to continue.

22 Jun
chip imagination img
Imagination Technologies put up for sale as Apple dispute continues

Imagination Technologies Group has formally put itself up for sale and is in talks about a potential takeover after receiving interest from "a number of parties" in recent weeks, which analysts suggested could include Intel, Qualcomm or even Apple.

22 Jun
BP, oil, gas
Asia report: Markets mixed amid oil price concerns

Markets in Asia were mixed on Thursday, with steadily declining oil prices giving traders a reason to pause.

22 Jun
mortgage keys
Mortgage lending robust but buy-to-let rebound fails to appear

UK mortgage lending remained resilient in May, according to figures released by the industry on Thursday, but forecasts for a revival in buy-to-let lending have proved wrong.

22 Jun
New York Stock Exchange, markets, traders, USA, stocks, shares, Wall Street. Photo: Pete Bellis
US pre-open: Stocks seen touch weaker as focus remains on oil

US futures pointed to another downbeat session on Wall Street on Thursday as investors kept a close eye on oil prices after they fell to a 10-month low in the previous session.

22 Jun
rotork
Thursday broker round-up

Rotork: Morgan Stanley double upgrades to Overweight with a target price of 292p.

22 Jun
clooney
Diageo's $1bn acquisition of George Clooney tequila 'might be a bargain'

Diageo has agreed to acquire super-premium US tequila brand Casamigos for $1bn from actor George Clooney and other founders, which may disappoint investors who expected the drinks group to announce a cash return instead.

22 Jun
chemring, defence, plane, aerospace
Chemring interim losses narrow, dividend reinstated

Defence group Chemring reported a narrowing of its first-half losses on Thursday as revenue grew and the company reinstated its dividend.

22 Jun
cbtrump24
Trump floats idea of solar panels on Mexico border wall

US President Donald Trump has suggested the construction of a border wall with neighbours Mexico could be partly financed by attaching solar panels to its structure.

22 Jun
cash money sterling pay deal offer acquisition m&a
Great Western Mining raises £1.5m in discounted placing

AIM-listed silver, copper and gold exploration company Great Western Mining has raised £1. 5m through a placing of 93. 8m ordinary shares at 1. 60p each.

22 Jun
internet computers
Avanti Communications wins £1.2m contract

AIM-listed Avanti Communications has won a contract worth up to £1. 2m from the European Regional Development fund to provide 40Mbps broadband speeds to small businesses in Cornwall and Isles of Scilly.

22 Jun
Southern rail by Joshua Brown (Flickr)
Go-Ahead bus operations flat while Southern drags on rail

Passenger transport operator Go-Ahead Group announced its pre-close trading update for the year to 1 July on Thursday, ahead of its full year results announcement on 7 September.

22 Jun
Virgin Trains by JamesZ_Flickr (Flickr)
Slew of companies shortlisted for South East and West Coast rail franchises

A number of London-listed, privately held and foreign companies were celebrating early success in two rail franchise tenders on Thursday, as the Department for Transport published the shortlists for two busy routes.

22 Jun
ultra electronics
Ultra Electronics remains confident despite US order delays

Ultra Electronics, the technology focused defence and security products group, said US orders continued to be held back by the delayed government budget but that its full year expectations remained unchanged.