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ExxonMobil suffers 38% profit reduction as it struggles with falling oil prices
ExxonMobil followed rivals Chevron on Friday by reporting a huge quarterly loss as oil corporations struggle to deal with the falling price of the commodity.
Cluff Natural Res to concentrate on farm-out of its advanced North Sea licenses
Oil and gas investment company Cluff Natural Resources said it is to concentrate on the farm-out of its advanced licences and that it will reapply for its 50% owned licences in the Southern North Sea.
US open: Stocks waver as GDP grows more than expected
US stocks wavered on Friday as data revealed that gross domestic product rose at the fastest pace in two years, raising expectations the Federal Reserve will hike interest rates in December.
Results round-up
International Consolidated Airlines Group posted its group consolidated results for the nine months to 30 September on Friday, with third quarter operating profit €1. 21bn before exceptional items, down from €1. 25bn a year ago.
Chevron profit plummets but earnings trounce estimates
US oil corporation Chevron saw its quarterly profit plunge 35% from the corresponding quarter last year, but earnings were still well above analysts estimates for the period.
Secure Income REIT buys 55 Travelodge Hotels for £196m
AIM-listed Secure Income Real Estate Investment Trust has completed the £196m acquisition of a portfolio of 55 Travelodge Hotels.
Mayan Energy raises £1.25m in placing
Oil and gas company Mayan Energy announced on Friday that it has completed a placing of 7,246,376,812 new ordinary shares of no par value each, at a placing price of 0. 01725p to raise gross proceeds of £1. 25m.
US employment costs steady in the third quarter
The cost of employment in the US was steady in the third quarter of 2016.
US consumer confidence slips in October
Consumer confidence in the US fell back to its levels of last September and of September 2014, with one in five persons anticipating an economic downturn sometime over the next five years.
Imperial Innovations to change name to 'Touchstone'
Imperial Innovations Group announced on Friday that at its annual general meeting on 21 November, it will be seeking shareholder approval to change the name of the company to Touchstone Innovations.
FTSE 250 movers: Elementis surges; Berendsen drops on downgrade
London’s FTSE 250 was up 0. 2% to 17,621. 05 in afternoon trade.
Noida Toll Bridge appeals decision barring toll collection
Noida Toll Bridge Company Ltd announced on Friday it has filed an appeal before the Supreme Court of India against the judgement of the High Court of Allahabad, in the case of the Federation of Noida Resident Welfare Associations vs NTBCL.
US Q3 GDP accelerates even as final demand slows
Economic growth in the States accelerated more than expected in the third quarter as foreign trade and inventory accumulation made up for a slowdown in households´ spending and in business investment.
Apple releases new MacBook Pro with hefty UK price rise
US tech giant Apple has unveiled the latest version of its Macbook Pro laptops, and UK users are set to suffer as the company bumps up the price of products in line with the deprecation of the pound.
Putin accuses US of whipping up "hysteria"
Russian president Vladimir Putin has accused politicians in the United States of attempting to shift attention away from their own presidential election by exaggerating the threat posed by his government.
General Electric in talks over Baker Hughes deal
US industrial giant General Electric has held talks with Baker Hughes on a potential merger agreement.
Orogen confirms it now holds 80% of Georaid
Gold exploration company Orogen Gold announced on Friday that it has now received its shares in Georaid CJSC following successful completion of the $2. 5m earn-in as announced on 31 August.
Walker Greenbank gets further insurance payment for factory flooding
AIM-listed luxury interior furnishings group Walker Greenbank has received a further interim insurance payment of £2. 025m following last year's flood at its fabric printing factory in Lancaster, Standfast & Barracks.
Belfast court rejects two Brexit legal challenges
The pound slumped against the dollar after a Northern Ireland High Court rejected two legal challenges against Brexit on Friday.