Daily Markets News - 27 September
Virgin Money and Skipton Building Society withdrew their full mortgage offerings yesterday, citing the market volatility, expecting to relaunch next week, while Halifax pulls many of its fee-paying mortgage products, which tend to come with a lower interest rate.
The Dow Jones Industrial Average dropped one percent yesterday, taking it down 20 percent from its January highs. This means the oldest US stock average has fallen into a technical bear market.
Bookrunners see the Porsche IPO coming in at the top end of the range, valuing the brand at up to €75bn. Books are due to close September 28.
Sweden warns it has found two leaks of the Nord Stream 1 pipeline in Swedish and Danish waters.