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Europe midday: Stocks in the red but off lows as Deutsche Bank CEO reassures
European stocks were weaker but off earlier lows by midday, with Deutsche Bank still firmly in focus.
London midday: Deutsche Bank woes weigh on banking sector
London stocks declined as worries about Deutsche Bank weighed on the banking sector.
Ambrian shares drop on interim numbers
Ambrian announced its unaudited consolidated results for the six months to 30 June on Friday, with a loss before tax and impairment charge of $3. 58m, narrowing year-on-year from $8. 78m.
Serica Energy losses widen due to production shut-down
Serica Energy announced its interim financial results for the six months to30 June on Friday, posting a net loss after tax for of $2. 8m, widening from $0. 64m year-on-year, as a result of the field shut-in during the period.
US pre-open: Stocks seen slightly lower, with Deutsche still in focus
US futures pointed to negative open on Wall Street as worries about Deutsche Bank and the broader financial sector continued to weigh on investors’ minds, although losses looked set to be fairly limited after Thursday’s decline.
Asia report: Most markets lower on Deutche Bank blues
Markets in Asia fell on Friday, ending the quarter on a sour note after concerns about Deutsche Bank kept investor jitters at the fore.
Helios Underwriting's profit rises as it plans further acquisitions
AIM-listed Helios Underwriting, a constituent of the Lloyd’s insurance market, reported a rise in profit as it plans to raise about £8. 2m from a share placing and open offer to make further acquisitions.
Majestic Wine slumps as Canaccord reiterates 'sell' rating, cuts target price
Majestic Wine’s shares fell on Friday as Canaccord Genuity reiterated a ‘sell’ rating and cut the target price to 290p from 350p.
London pre-open: Stocks seen lower amid concerns about Deutsche Bank
London stocks were set to open lower on Friday amid growing concerns about Deutsche Bank and the broader financial sector.
Eurozone inflation doubles in September
Inflation in the eurozone doubled in September to 0. 4%, in line with expectations, as the impact of weaker energy prices began to fade, according to a flash estimate from Eurostat.
Eurozone unemployment rate steady in August
The eurozone unemployment rate was steady compared to the previous month at 10. 1% in August, according to the latest figures from Eurostat.
UK Q2 GDP growth revised up to 0.7%
Gross domestic product data released by the Office for National Statistics on Friday showed the UK economy grew a little more than initially estimated in the second quarter.
Brighton Pier Group's full-year revenue remains nearly flat
The owners of Brighton’s most popular attraction, the Brighton Pier Group, reported that revenue remained flat during a “transformational year” that saw the acquisition of its namesake iconic landmark.
Speculation of clients leaving have no basis, Deutsche Bank boss says
Speculation in the media of clients leaving have "no basis", Deutsche Bank´s boss said in a letter sent to staff.
Deutsche Bank shares slump on report of cautious hedge funds
Shares in Deutsche Bank fell again at the start of trading, following a report that 10 hedge funds had reduced their exposure to the lender.
Manx Financial Group shares drop on first half results
Financial services company Manx Financial Group announced its interim results for the six months to 30 June on Friday, with profit before income tax on continuing operations growing 2% to £0. 81m, from £0. 79m.
Chinese manufacturing growth edges higher in September
China´s manufacturing sector growth edged higher in September, amid stable new business from abroad.
RBC upgrades Burberry to 'sector perform'
RBC Capital Markets upgraded Burberry to ‘sector perform’ from ‘underperform’ and lifted the price target to 1,400p from 1,200p as it upped its earnings per share forecasts, largely due to a bigger FX tailwind.
China Nonferrous Gold reports period of serious development
Mineral exploration and development company China Nonferrous Gold announced its interim results for the six months to 30 June on Friday - a period in which it earned nil revenue as it continued its development activities.