Daily Markets News - 10 October
The Bank of England announces it is launching a temporary expanded collateral repo facility to enable banks ease liquidity pressures facing their client LDI funds. It stands ready to increase the size of its daily auctions to ensure there is sufficient capacity for gilt purchases ahead of this Friday.
DS Smith says trading continues to be very good and consistent with the trends described at its AGM and now sees its overall performance for the current full year to be ahead of its previous expectations.
Amazon.com announces it plans to invest more than €1 billion in its European electric van fleet.
Nissan is reportedly pushing Renault to cut its stake in the carmaker, ideally down towards 15 percent, and may look to raise funds to buy back the shares. Renault currently owns around 43 percent.