Market Report
Hammerson secures £360m loan from bank syndicate
Property developer Hammerson has secured a £360m loan at an initial margin of 90 basis points from a syndicate of fourteen banks in a bid to reduce its debt.
London pre-open: Stocks seen muted; retail sales, Paris shooting in focus
London stocks were set to kick off the final session of the week in a rather muted fashion as investors eyed the release of retail sales figures and digested the terror attack in Paris late on Thursday.
Friday newspaper round-up: World Bank, Tata Steel, FTSE pay
The president of the World Bank has told Theresa May that cutting the UK’s aid budget could lead to an increase in conflict, terrorism and migration and would damage Britain’s international reputation. In a strongly worded response to reports that the government was considering dropping its commitment to devote 0. 7% of national income to aid each year, Jim Kim said the money the UK provided was vital not just for developing countries but for the future of the world.
US close: American Express lifts Dow as sector earnings continue to impress
Wall Street marched higher on Thursday as American Express earnings highlighted consumer spending strength, while a combination of strong financial sector earnings and a oil prices in the previous session.