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Don´t wait, raise rates again in 2016, Fed´s Williams says
America´s central bank should go ahead and raise rates again in 2016 a top official said.
Cloudbuy turnover drops but loss narrows in H1
Aim-listed Cloudbuy, a provider of cloud-based e-commerce marketplaces, reported a drop in turnover for the first half but said its loss narrowed and it expects full-year results to be in line with the previous year.
Keep your eye on inflation expectations, Chinese yuan, volatility, Morgan Stanley cautions
The rally in global equities over the preceeding month had taken investors by surprise, coming as it did right after the referendum vote opened-up a proverbial 'Pandora´s Box' of political uncertainty, but several developments in global capital markets warranted watching, Morgan Stanley´s strategy team said.
Schroder Real Estate makes progress on Bedford retail park
Shares in Schroder Real Estate Investment Trust (SREI) rose on Friday after the company announced progress in the recently acquired St. John’s Retail Park in Bedford.
London pre-open: Stocks seen slightly higher on strong US cues
London stocks were set to open higher on Friday following a positive session in the US and amid firmer oil prices, which helped to offset disappointing Chinese data.
Speedy Hire backs Jan Astrand after attempts to oust chairman
Tool rental company Speedy Hire said it “strongly recommends” its shareholders vote against ousting executive chairman Jan Åstrand by its largest investor, Toscafund Asset Management.
Eurozone industrial production rises touch more than expected in June
Eurozone industrial production rose a touch more than expected in June, according to the latest figures from Eurostat.
German CPI accelerates slightly in July even as energy prices continue to drop
The cost of living in Germany registered a slight acceleration in July, even as energy price declines continued to bear down on prices.
Eurozone second-quarter GDP slows as expected
Eurozone gross domestic product rose by 0. 3% in the second quarter, confirming preliminary estimates and in line with economists’ forecasts, according to data released by Eurostat.
UK construction output drops in July
UK construction output fell in the run-up to the UK’s vote to leave the European Union, according to data released by the Office for National Statistics.
Chinese credit growth slows sharply in July
Chinese credit growth slowed sharply in May as the impact of earlier monetary easing by the country´s central bank waned, some economists said.
Broker tips: A.G. Barr, Drax, Tullow Oil
A. G. Barr shares fell on Friday as Berenberg downgraded its rating on the stock to ‘sell’ from ‘hold’ and cut its target price to 470p from 530p, citing a “weak” trading update by the soft drinks maker.
Rotala's first half revenue rises 11%
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.
Asia report: Most markets higher as Chinese data fails to impress
Most Asian markets ended higher on Friday, as traders turned a blind eye to a deluge of vanilla data in Chinese data as oil prices soared and US markets finished at record levels.
A.G. Barr shares fall on Berenberg downgrade
A. G. Barr shares fell on Friday as Berenberg downgraded its rating on the stock to ‘sell’ from ‘hold’ and cut its target price to 470p from 530p, citing a “weak” trading update by the soft drinks maker.
BofA ML upgrades Tullow, says cash wave approaching
Bank of America Merrill Lynch upgraded Tullow Oil to ‘buy’ from ‘neutral’ and lifted the price target to 285p from 275p.
Europe open: Stocks waver as investors weigh Chinese data in quiet trade
European equities wavered in early trade as investors weighed disappointing Chinese data against record highs in US stock markets.
Chinese investment, retail sales slow in July
A raft of data on the Chinese economy released at the tail-end of the week undershot economists´ forecasts by a wide margin, raising doubts in some corners of the market about the efficacy of recent stimulus and highlighting the need for structural reforms in order to boost growth.
London open: Chinese data weigh at the start of trading
London stocks started the session slightly lower on the heels of weaker-than-expected data out of China, albeit amid firmer oil prices.