Market Pulse
Union Pacific beats estimates for fourth quarter
Railroad firm Union Pacific Corporation reported its fourth quarter results on Thursday before markets opened, beating analysts' estimates and sending its share price up 5% in early trading.
RBS might book charge for US RMBS litigation in Q4, report says
State-owned RBS might book a charge for expected litigation charges stemming from the US Department of Justice´s probe into its role in that country´s sub-prime mortgage meltdown which ensued during the last financial crisis as soon as in its fourth quarter eanings statements.
US open: Stocks waver ahead of Trump inauguration, Yellen speech
Ahead of Donald Trump’s inauguration, US stocks wavered on Thursday, after a torrent of economic data and earnings from Bank of New York Mellon, with investors also eyeing another speech from Federal Reserve chair Janet Yellen.
Initial US weekly unemployment claims see large drop
A key gauge of the short-term health of the US labour market continued to improve during the latest week.
Bank of New York Mellon's earnings soar in 2016
Bank of New York Mellon reported its final quarter earnings for 2016 on Thursday, with the company revealing its net income rose to $822m during the period.
Matomy Media group appoints founder of Viola group as chairman
Media company Matomy Media group has appointed Harel Beit-On to succeed Rupert Howell as Chairman on 17 January 2017.
N Brown sales sashay higher in third quarter
N Brown made strides over the festive period, with revenue growth accelerating at the specialist-fit clothing retailer in its third quarter.
CSX Corp. rockets on reports activist investors targeting railroad operator
Shares in CSX Corp. rocketed following reports that rival railroad operator´s Canadian Pacific´s ex boss would team up with an activist investor to shake-up the company.
Collagen Solutions assembles scientific advisory board
Developer and manufacturer of medical grade collagen components, Collagen Solutions, announced the creation of a new scientific advisory board on Thursday, that will advise the company on opportunities in regenerative medicine.
Philly Fed index unexpectedly jumps in January
Manufacturing conditions in the Philadelphia region unexpectedly improved in January.
Aviva's Europe boss McMillan leaves as Briggs promoted to UK insurance chief
Aviva's European boss David McMillan has stepped down as the insurer reshuffled various director roles, with life chief Andy Briggs promoted to chief executive of a merged UK insurance business.
US housing starts rise more than expected in December
US housing starts rose more than expected in December, according to data released by the Commerce Department.
Royal Mail revenues flat as Christmas parcels offset letter decline
Dwindling volumes of letters to Father Christmas and other festive missives saw Royal Mail deliver flat revenues for the nine months to 25 December, with increased "business uncertainty" hitting volumes particularly in advertising and business mailings.
EU Supply's revenue to be ahead of expectations after contract wins
Sweden-based e-commerce firm EU Supply anticipates that revenue will be ahead of expectations after contract wins, including one with the Vest-Agder County Council in Norway, and due to recent currency exchange movements.
St Ives still struggles with market activation division
International marketing services group St Ives provided a pre-close trading update on Thursday, ahead of the announcement of its results for the half year to 27 January, which will be released on 7 March.
Bonds: Prices continue to move within recent trading ranges
These were the moves in some of the most widely-followed 10-year sovereign bonds:.
Sound Energy to buy hydrocarbon assets in eastern Morocco
Gas firm Sound Energy is to buy Oil & Gas Investment Fund’s (OGIF) hydrocarbon assets in eastern Morocco in exchange for 272m shares in the company, subject to shareholder approval.
Revolution Bars set to serve up solid results
Premium bar operator Revolution Bars Group provided a trading update for the 26 weeks to 31 December on Thursday, saying trading results were expected to be in line with the board's expectations, reflecting a further period of growth in the number of sites, revenue and profit.
Powerhouse welcomes Yady with £250,000 investment in new shares
AIM-listed landfill-to-energy specialist PowerHouse has agreed to raise a gross £250,000 via a placing with Yady Worldwide.
Goldman Sachs to move half its London bankers to Frankfurt
Giant investment bank Goldman Sachs plans to move 1,000 of its City of London traders and bankers to Frankfurt when the UK exits from the European Union, according to reports in Germany on Thursday.