Market Pulse - Europe
Zalando blames weak revenue growth on long hot summer
Europe’s leading online platform for lifestyle and fashion issued a profit warning on Tuesday, blaming the long hot summer for weak revenue growth.
Wednesday preview: Emerging markets, CPI, Babcock in the spotlight
The market spotlight on Wednesday is likely to be on emerging markets, assuming no major developments materialise at this point on the Brexit front in Salzburg.
Europe close: Investors hope for best on trade front
Stocks on the Continent notched-up modest gains after the White House unveiled a more measured package of new trade tariffs on Chinese goods on Monday evening, although some analysts cautioned against reading too much into that.
Director dealings: Intermediate Capital Group CFO lowers stake ahead of departure
Intermediate Capital Group's outgoing chief finance and operating officer Philip Keller sold 102,972 ordinary shares in the firm on Tuesday, lowering his stake to a total of 641,438 shares.
BMW to shut Oxford Mini factory for weeks after Brexit
Car manufacturer BMW is set to close its Mini factory in Oxford on the day of Brexit for at least a month as a result of growing concerns of a no-deal exit, according to reports.
Mosman Oil and Gas 'cautiously' approaches further investment in Arkoma project
Mosman Oil and Gas remain confident that its Arkoma project will bear fruit, but told investors on Tuesday that until steady flow rates can be demonstrated over a period of time, the decision to invest further funds into the asset will be "cautiously approached".
UK regulator calls for social media watchdog
Media regulator Ofcom has issued research backing up the need for statutory regulation on social media after finding that 45% of UK adult internet users admitted to having experienced online harm.
EU citizens should not get special immigration treatment post-Brexit, report says
EU immigrants should not receive preferential treatment after Brexit, according a report published by the government’s migration advisory committee on Tuesday.
Fund managers up cash, start to price in more hawkish Fed, BofA-ML says
Global fund managers topped up their holdings of cash and lowered their allocation to global equities, according to the results of Bank of America-Merrill Lynch's fund manager survey for the month of September, especially towards Emerging Markets and Europe.
Europe midday: Stocks hold higher despite impact from trade tariffs
Stocks on the Continent are holding onto modest gains after the White House unveiled a more measured package of new trade tariffs on Chinese goods on Monday evening, although some analysts cautioned against reading too much into that.
Russia blames Israel for downing of military jet off Syrian coast
An incident in which a Russian jet was shot down by Syrian forces on Monday was due to the "deliberate" aggression of the Israeli air force, according to the Russian defence ministry.
Cloudcall losses widen despite growing revenues
CloudCall saw its losses widen in the six months leading to 30 June despite the strong trading it enjoyed throughout the period.
Italian finance minister argues for short-term boost in public investment
Italy's finance minister said his country's budget plans would put the emphasis on higher levels of public investment, lowering the tax burden on middle-income earners and increasing social protection for the poor.
Europe open: Stocks take their cue from yuan, rise despite China tariffs
Stocks on the Continent are seeing modest gains as the White House unveiled a measured package of new trade tariffs on Chinese goods on Monday evening, although some analysts cautioned against reading too much into that.
EU probes carmakers for possible collusion over emissions controls
An investigation has been launched by European Union's antitrust regulators into possible collusion by German car manufacturers BMW, Daimler and VW to avoid competing with each other on lowering car emissions.