12 February – 16 February

12 February

General Dynamics, the US defence contractor, has agreed to acquire IT and cyber security group CSRA for $9.6bn, including debt, as dealmaking in the sector heats up following a series of major hacks in recent years.

Danish telecoms operator TDC has accepted a $6.6bn takeover offer from three local pension funds and Macquarie, the Australian infrastructure investor, capping a flurry of news involving Nordic media and mobile groups.

US stocks opened sharply higher on Monday, building on the strong finish from the previous session as investors look to bounce back from the worst weekly sell-off on Wall Street in two years.

Rapid growth in UK consumer debt supports the case for higher interest rates, a member of the Bank of England’s Monetary Policy Committee said on Monday.

13 February

UK inflation was unchanged at 3 per cent in January as a fall in the price of fuel was offset by relatively stable prices for cultural services such as trips to the zoo.

Ulta shares lost some of their shine on Monday following the recent filing of a class-action lawsuit against the beauty and make-up company alleging it misrepresented used cosmetics as new.

Sports Direct is to sell computer games alongside its range of cut-price tracksuits and trainers, as part of a deal that will see the athletics-wear chain lend as much as £55m to Game Digital, a struggling retailer in which it has a 26 per cent stake

Equities in Asia Pacific continued to stage a recovery on Tuesday after Wall Street posted up its biggest two-day rise in just over two years on Monday.

14 February

Portugal’s economy is estimated to have grown 2.7 per cent last year, the former bailout country’s strongest rate of annual expansion since 2000, the national statistics office said on Wednesday.

Uber showed improved financial discipline during the fourth quarter of last year, fulfilling a key goal of its new chief executive Dara Khosrowshahi as he prepares to take the company public in 2019.

Shares in Fossil Group roared 70 per cent higher in after-hours trading after the watch maker reported a forecast-beating set of results.

Egypt has raised $4bn in new debt, in the latest sign that investors’ appetite for relatively risky sovereign paper has been undimmed by the recent market turmoil.

15 February

The euro area’s trade surplus with the rest of the world expanded at the end of the year, with healthy global growth propping up demand for European exports despite concerns the stronger euro could discourage trade.

Wall Street’s “fear gauge” has been reciting the serenity prayer, and it seems to be working. Cboe’s Volatility Index has dipped below the 20 point mark again – its long-term average level – for the first time since market turmoil erupted last week.

It’s a mouth-watering combination — Chipotle, the fast-casual burrito chain, has tapped the chief of Mexican fast-food brand Taco Bell to help turn a corner on stagnant sales and a food safety crisis, and the initial rush of enthusiasm has sent its shares on course for their best single-day advance in almost five years.

Origin Energy jumped as much as 7.8 per cent on Thursday after the company reported improved first-half profit and raised its full-year earnings outlook.

16 February

British retailers had their worst start to the year since 2013, with annual growth in sales slowing to 1.6 per cent in January compared with 2.3 per cent in the same month last year, according to figures published by the Office for National Statistics on Friday.

The boom in online shopping delivered bumper profits for Segro, the industrial property company, as retailers clamour to rent its sheds and warehouses.

Russian state bank VTB has bought 29.1 per cent of leading supermarket chain Magnit from founder Sergei Galitsky for Rbs138bn ($2.45bn), the companies said on Friday.

Bitcoin 10,000 caps may not be as supposedly ubiquitous as Dow 10,000 caps, but they would be on today . . . at least for a while.