MARKET REPORT
13 Nov
heathrow airport baggage ultra electronics
Sector movers: Aerospace and Defence paces losses among cyclicals

Ultra Electronics led a retreat in aerospace and defence and cyclicals more broadly at the start of the week.

13 Nov
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JP Morgan downgrades Ultra Electronics, slashes target price

Analysts at JP Morgan took an axe to their earnings estimates and target price for Ultra Electronics.

13 Nov
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Europe close: Stocks come off lows but start week lower

Selling in European stocks carried over from the previous week on the back of weaker-than-expected money supply figures in China and amid negative headlines surrounding the political situation in Britain, although by the end of trading equity benchmarks had come off their lows of the session.

13 Nov
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Parliament will have 2019 vote on final Brexit deal, Davis offers

Brexit minister David Davis has confirmed that the final deal to exit from the European Union will form a separate piece of legislation that must be debated by both houses of Parliament before the final divorce date.

13 Nov
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London close: Stocks slip amid political ructions

London stocks had reversed earlier gains to trade a touch lower by the close of trading on Monday amid a new wave of political uncertainty.

13 Nov
Serco, trnasports, DLR, government services
Serco slumps after Middle East pullout cuts bid pipeline by a third

Serco's bid pipeline of large contracts has shrunk by almost a third after it pulled out of all its bids to win light-rail franchises in the Middle East.

13 Nov
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Qualcomm rejects $103bn takeover bid from rival Broadcom

US semiconductor and telecommunications firm Qualcomm rejected a $103bn takeover bid from competitor Broadcom on Monday, saying the offer "dramatically" underestimated the value of the company.

13 Nov
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U And I Group sells four legacy projects

London-based property regeneration specialist U and I Group (UAI) announced on Monday that it had sold four of its small legacy projects, generating development and trading gains of £6. 7m in the process.

13 Nov
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Asian Growth Properties on the rise after announcing wind-up

Aim-listed firm Asian Growth Properties (AGP) announced on Monday it had appointed liquidators for its proposed voluntary wind-up and disposal of assets.

13 Nov
general electric
New General Electric CEO slashes dividend in attempted turnaround

US industrial giant General Electric is halving its quarterly dividend to 12 cents per share as new CEO John Flannery attempts to turn its fortunes around.

13 Nov
London Stock Exchange AIM LSE shares
Director dealings: Redefine International director spends £1.26m on company's shares

Redefine International non-executive director Marc Wainer picked up 3,157,846 ordinary shares in the UK-based real estate investment trust on Monday for a total of £1,263,138.

13 Nov
 parliament house of commons london westminster politics
Tuesday preview: Mammoth Brexit debate begins, UK CPI, Vodafone and ITV results

Tuesday's financial diary is jam-packed with consumer price inflation data, a key debate on Theresa May's Brexit legislation and a deluge of company results from the likes of DCC, ITV, Land Securities and Vodafone.

13 Nov
halfords
FTSE 250 movers: Halfords boosted by Numis note; Ultra Electronics tanks on warning

London’s FTSE 250 was down 1. 2% in afternoon trade on Monday to 19,783. 01 amid concerns about political uncertainty.

13 Nov
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Pfizer appoints Albert Bourla to newly-created role of COO

Pfizer has announced the appointment of Albert Bourla to the newly-created role of chief operating officer with effect from 1 January, 2018.

13 Nov
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Bango extends Amazon Japan carrier billing to Prime membership

Mobile payments company Bango announced on Monday that, following the successful launch of direct carrier billing (DCB) for Amazon retail customers in Japan in June, it has expanded DCB availability to Japanese customers of Amazon Prime and Prime Student membership programmes.

13 Nov
VidaCaixa 3
FTSE 100 movers: Shell gains on Woodside sale; Babcock, BAE and RR drop

London’s FTSE 100 was down 0. 1% to 7,424. 98 in afternoon trade on Monday amid mounting political uncertainty.

13 Nov
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Study says low levels of productivity weighing on pay growth

According to the newest edition of the quarterly published Labour Market Outlook by the Chartered Institute of Personnel and Development and The Adecco Group, less than one-quarter of private sector employers felt any kind of pressure to raise wages from the bulk of their employees.

13 Nov
Fish Fishing sea sunset
Fishing Republic sees 'significant' deterioration in trading

Fishing Republic issued an update to shareholders on Monday, reporting that since its late update in September, it has seen a “significant” deterioration in trading.

13 Nov
barbie-de-mattel
Hasbro makes move to absorb rival Mattel

According to reports, Hasbro was toying with the idea of acquiring competitor Mattel, makers of Barbie, in a move that would see the two biggest names in the industry combine to create a multinational powerhouse.

13 Nov
VidaCaixa 3
Shell sells entire stake in Woodside Petroleum

Royal Dutch Shell said on Monday that following strong demand from institutional investors, it has now agreed to sell its entire holding in Woodside Petroleum.