UK Gilt 10
Year Yield 1.4565%, Spot Gold $1234.25 -14.30 Brent Crude $41.92 -0.42
$ per £
1.4174
$ per €
1.1186
€ per £
1.2670
The Nasdaq
Composite Index edged higher in light trading, giving the index a fifth
straight gain and its longest advance in 11 months, while travel-related shares
helped drag the S&P’s 500 Index lower after a deadly terrorist attack in
Brussels. Nasdaq rose 0.3 percent to 4,821.66, pushing its climb over five days
to 2 percent. The rally has come amid the lightest trading volume of the year,
and delivered just one day of gains for the technology-heavy index that topped
0.7 percent. Other major indexes were little changed after briefly erasing
losses sparked by bombings at the Belgian capital’s airport and a subway
station that killed at least 31 people. The S&P 500 slipped 0.1 percent to
2,049.80, declining for the first time in five days. The Dow Jones Industrial
Average fell 41.30 points, or 0.2 percent, to 17,582.57. The gauge erased a 0.5
percent drop before losing momentum in the final hour to halt the longest
winning streak since October.
PRESS
COMMENTARY
Advent
International, the global private equity group, has taken the unusual step of
raising its latest $13 billion buyout fund without offering minimum returns to
backers, FT.
Hong Kong
has priced the first public float in the world to raise more than $1 billion in
2016, marking the slowest start to a year for initial public offerings since
the financial crisis in 2009, FT.
COMPANY
NEWS
Kingfisher
PLC (KGF.LN) reported 21% fall in fiscal 2016 pretax profit, partly due to
lower sales, and said that it is tracking the progress of its restructuring
program.
Credit
Suisse Group AG plans to eliminate an additional 2,000 jobs this year and
deepen cuts at the investment bank, five months after Chief Executive Officer
Tidjane Thiam announced an overhaul of the Swiss lender.
Sports
Direct International PLC (SPD.LN) said it expects its adjusted earnings for the
year ending April to be at the bottom of its forecast range.
Lamprell
PLC (LAM.LN) said it is well prepared for another challenging year as it
reported a fall in 2015 pretax profit after low oil prices hurt the industry.
AccorHotels
Sees Latin America Vol. Growth 6%-7%: Echos
DFS
Furniture PLC (DFS.LN) swung to a pretax profit for the first half of fiscal
2017, raised its dividend payment, and said that it remains well placed to
sustain its sales growth, market share capture and cash generation over the
full year.
William
Hill PLC (WMH.LN) said it has had a weaker than expected online performance
from the beginning of 2016 to March 20, adding that now it sees group operating
profit for the full-year to be in the range of 260 million pounds ($376.3
million) to GBP280 million.
Paddy
Power Betfair PLC (PPB.DB) said that its chief operating officer Andy McCue is
stepping down following the completion of the merger of bookmaker Paddy Power
and online betting group Betfair earlier this year.
AstraZeneca
PLC (AZN.LN) said that results from the trials comparing brilinta/brilique with
aspirin for stroke patients from first occurrence to death failed to meet its
target.
Heineken
Said to Have Bought 2.1m Shrs in United Breweries
Genel
Energy PLC (GENL.LN), the U.K.-listed oil company chaired by former BP PLC (BP)
chief executive Tony Hayward, said Wednesday it has decided to repurchase $55.4
million of $730 million in bonds as part of a buyback program launched last
Friday.
Wizz Air
Sees FY Adj Net at Top End of EU200m-EU210m Guida nce
SDL
Appoints Adolfo Hernandez As Chief Executive Officer
Cenkos
Securities PLC (CNKS.LN) cut its
dividend payment after reporting 26% drop in full year pretax profit due to
lower revenue generation.
John Wood
Group PLC (WG.LN) announced without
giving financial details a new three year contract to deliver industrial
services for Royal Dutch Shell PLC (RDSA.LN)gas processing plants in
Aberdeenshire and Fife, Scotland.
Laura
Ashley Holdings PLC (ALY.LN) reported a drop in profit but said it remains
optimistic for the future. Source Quilter Cheviot
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