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Broker tips: United Utilities, Prudential, service sector
United Utilities got a boost on Thursday as Societe Generale upgraded the stock to ‘buy’ from ‘hold’, noting that recent share price weakness now implies a total shareholder return of 18%.
Facebook and Google collaborate in construction of Pacific internet cable
Internet giants Facebook and Google are teaming up to work on an 8,000 mile long cable connection between Los Angeles and Hong Kong in an effort to combat their blocking in mainland China.
Mixed results for Delta Airlines in Q3 earnings report
Delta Airlines fell in pre-market trading on Thursday after posting a mixed bag in its third quarter earnings report.
Friday preview: Yellen speech and US retail sales data in focus
Federal Reserve chair Janet Yellen will be in the spotlight on Friday when she speaks in Boston as the market searches for clues on the timing of the next interest rate hike.
Electric cars will hit two million mark by end of 2016
The number of electric cars on the roads will reach two million by the end of this year, an industry expert has said.
Sula Iron & Gold raised $400,000 to develop Sierra Leone mine
Shares in AIM-listed Sula Iron and Gold soared nearly 13% on Thursday after raising equity through a subscription of shares to develop its Frensola gold project in Sierra Leone.
Trump campaign to step up attacks on Bill Clinton
US presidential candidate Donald Trump is set to intensify his verbal attacks on Bill Clinton in the coming weeks as he aims to win back supporters from Hillary Clinton after a disastrous week of released recordings and allegations of inappropriate sexual conduct.
Anglo American close to selling Aussie coal, wins claim to iron ore mine
While its Kumba iron ore subsidiary confirmed exclusive rights to the Sishen mine in South Africa, Anglo American was reported to be close to agreeing at least a $1bn sale of its Australian coal assets.
HMRC erroneously applies to wind-up Tungsten subsidiary
Tungsten Corporation was the subject of an administrative tax error, it said on Thursday, after a notice was published in the London Gazette on 10 October regarding an application for a winding-up order made against a subsidiary, Tungsten Network Limited.
RBC Capital shifts ratings on business services sector stocks
RBC Capital Markets initiated coverage of several stocks and changed its recommendations as it took a look at the business services sector.
Ideagen signs on two major airlines and an NHS trust
Information management software supplier Ideagen announced on Thursday that over the past month it has been awarded three important contracts with new customers in “key vertical markets”, worth a combined £1. 2m.
Orogen Gold to start drilling at Silverton
Precious metals exploration company Orogen Gold announced on Thursday that it has signed a drilling contract for an initial programme of reverse circulation drill testing on Galileo Resources’ Silverton property in Nevada, United States.
China trade surplus shrinks as exports fall more than expected
China’s trade surplus unexpectedly shrank in September as exports plunged more than anticipated.
Snapchat gear ups for IPO with hire of Morgan Stanley and Goldman Sachs
Mobile messaging app Snapchat has taken a further step towards an initial public offering, as it has hired Morgan Stanley and Goldman Sachs as its bankers for the process, according to reports.
Goldstone Resources shares fall as employment dispute reported
Shares in AIM-listed miner Goldstone Resources dropped nearly 12% on Thursday morning after it was revealed that a former director made a large cash claim against the company over his termination.
Europe midday: Stocks decline as miners slump on China data
European stocks fell on Thursday as weak Chinese trade data weighed on the basic resources sector.
Deutsche Bank said to introduce hiring freeze
Deutsche Bank was in the spotlight again on Thursday following reports the lender has introduced a hiring freeze as it looks to cut costs.
GB Group reveals Chris Clark as new CEO
GB Group announced the appointment of Chris Clark as its new CEO on Thursday, replacing Richard Law, who is retiring from the board after 14 years as chief.
Arbuthnot claims solid quarter as it takes on more bankers
Arbuthnot Banking Group issued an update of trading for the three months to 30 September on Thursday, claiming it continued to trade well during the quarter.