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Week ahead: UK claimant count, retail sales data in focus
Investors in Sterling assets will be treated to a barrage of economic data in the coming week, including some of the first data points referencing the period of time post the referendum vote, although recent moves by the BoE and speculation surrounding an upcoming boost from fiscal spending might limit any reactions.
Chinese yuan in-line with fundamentals, challenges ahead, IMF says
China was making progress on re-balancing its economy towards domestic sources of demand and consumption and away from exports and investment, but much still remained to be done, the International Monetary Fund concluded in its latest annual review of the economy.
Friday newspaper share tips: RBS, StanChart, Aldermore
Groucho Marx's warning not to be fooled if a man looked and talked like an idiot (he really was one) may have rung in the ears of investors in lenders' so-called 'co-co' bonds during the first quarter, the Financial Times's Lex column mused.
Europe close: Economic data saps strength in stocks before weekend
European equities wavered on Friday in fairly quiet trade, as market participants took in the latest economic numbers out of the Eurozone and China.
Nationwide to pass on BoE base rate cut to some mortgage customers
Building society Nationwide will pass on the interest rate cut from the Bank of England (BoE) to its tracker and other mortgage customers.
Royal Mint sees surge in demand for gold after BoE interest rate cut
The Royal Mint saw demand for gold soar in the first week of August after the Bank of England cut interest rates.
London close: Stocks finish flat after uninspiring data
London stocks finished broadly flat on Friday following a batch of uninspiring economic data including reports on UK construction, eurozone gross domestic product and US retail sales.
New apprenticeship tax levy criticised by businesses
Business groups voiced concerns about the government's decision on Friday to go ahead with the apprenticeship levy on large companies, which would help pay for training.
Ortac increases holding in CASA Mining
Exploration and mine development company Ortac Resources updated the market on its investment in CASA Mining on Friday.
Milestone's Nexstar signs deal with NaPo
Digital media and technology solutions company Milestone announced on Friday that its subsidiary Nexstar has signed a cooperation agreement to provide NaPo with a white label version of its Backstage HD digital platform and money-over-IP financial platforms.
Results round-up
Bus and coach operator Rotala’s half year revenues increased due to the acquisition of OFJ Connections, while it remains positive about the Buses Bill in parliament.
Metal Tiger reports return of 625% on MOD Resources
Strategic natural resources investor Metal Tiger announced an update on its investment in MOD Resources on Friday.
Directors dealings: Chemring chief scoops up shares
Chemring chief Michael Flowers picked up 15,000 shares in his company on 11 August, at an individual price of 133p each, for a total disbursement of £19,950.
Small caps news round-up
Enterprise cloud computing infrastructure, software and solutions company RapidCloud International announced on Friday that its Malaysian division has been appointed byAlibaba. com as an authorised ‘Gold Supplier’ membership channel sales partner for Malaysia. The AIM-traded company said the appointment will place RapidCloud as one of Alibaba. com's authorised Gold Supplier Membership channel sales partners in Malaysia.
FTSE 250 movers: Restaurant Group leads risers, Genus tops fallers
The FTSE 250 was up 0. 62% to 17,918. 63 points in Friday afternoon trade.
FTSE 100 movers: Coca-Cola HBC still bubbling while miners head deeper
The FTSE 100 was just in the green in Friday afternoon trading, as investors shrugged off disappointing UK construction data and some uninspiring numbers out of China.
Virgin Trains East Coast to go on three 24 hour strikes
Workers on Virgin Trains East Coast are to protest on three 24 hour strikes in August, including over the bank holiday weekend, the latest in a string of industrial action by rail staff.
US open: Stocks slip on weak retail sales, PPI data
US stocks were in the red on Friday as key retail sales figures for July came in unexpectedly flat, triggering a sharp drop in Treasury yields.
US factory gate prices see outright decline in July
Factory gate prices in the States undershot forecasts by a wide margin in July as food and energy prices registered significant drops.