Latest News
NHS hospital to treat patients with Google AI technology
The National Health Service has partnered with US tech giant Google to begin using artificial intelligence to treat patients at a hospital in London.
LondonMetric buys warehouses for £18m
LondonMetric Property has bought two warehouses in Hull and Dartford for £18m and have been let to DIY stores, Wickes and B&Q.
Jaywing performs in line with expectations
Jaywing, an AIM-listed provider of digital marketing services, reported profit growth of 11% in the first half, in line with its expectations.
US close: Dow ends above 19,000 for the first time
US stocks ended in the black on Tuesday, with the Dow Jones closing above 19,000 for the first time ever, although oil prices retreated amid concerns that Iran and Iraq are not prepared to agree on a production cut at next week’s OPEC meeting.
US existing home sales at highest since February 2007 in October
The rate of home sales in the States reached its highest level in annualised terms in almost a decade in October.
Bonds: Treasuries and Gilts fly in pre-holiday trading
These were the movements in some of the most widely-followed 10-year bond yields: US: 2. 1% (-9bp)UK: 1. 36% (-6bp)Germany: 0. 22% (-5bp)France: 0. 71% (-5bp)Spain: 1. 53% (-9bp)Italy: 2. 03% (-5bp)Greece: 6. 91% (-2bp)Portugal: 3. 63% (-8bp)Japan: 0. 03% (+0bp) .
Public sector borrowing falls more than expected in October
UK public sector net borrowing improved more than expected in October, as the economy´s resilience fed strong tax receipts, but economists cautioned that tough decisions lay ahead for the country.
UK households grow more pessimistic on economic outlook, IHS Markit says
Britons grew more pessimistic about the UK´s economic outlook, according to the results of a survey.
Wednesday preview: Autumn Statement ahead
All eyes would be on Chancellor Philip Hammond when he delivered the Autumn Statement on Wednesday despite a significant increase in the news-flow on both the economic and corporate fronts.
FX roundup: Sterling hits wall-of-red ahead of Hammond's Autumn Statement soapbox
Sterling hit a wall-of-red performance on most major crosses on Tuesday afternoon, ahead of Wednesday's Autumn Statement by UK's Chancellor of the Exchequer, Philip Hammond.
Europe close: Basic resources drive gains, banks higher
European equity markets rose, boosted by rising metals prices while government bond yields continued to drift lower ahead of the Thanksgiving Day holiday in the States.
London close: Miners propel FTSE 100 higher as industrial metals surge
London equities ended Tuesday on a sharply higher note with major miners storming ahead in tandem with soaring industrial metals prices, and followed by a string of banks and insurers.
OPEC postpones decision on Iran, Iraq output cuts until 30 November
A technical meeting of OPEC delegates decided to defer a decision regarding output cuts for Iran and Iraq until the cartel´s next ordinary meeting scheduled for 30 November, in Vienna, Bloomberg reported.
Small cap round up
Solid State saw its topline shrink in the first half of its financial year, with management saying that the uncertainty following Brexit impacted on clients´ buying patterns. "While the broader economy continues to encourage prudence in clients' buying patterns following the results of the EU referendum, we have maintained a strong order backlog of £14. 8m as at 30 September 2016," the chairman, Tony Frere, said in a statement.
Commodities: Crude softens as market cautious on OPEC cap hopes; industrial metals surge
Crude oil futures are softening on Tuesday afternoon as a note of caution sounded through the market relating to hopes cartel OPEC will introduce a production cap at its 30 November meeting in Vienna. Industrial metals flew higher.
Shire to build innovation hub in Massachusetts
Irish pharmaceutical company Shire announced that it will expand its operations in Cambridge, Massachusetts through the establishment of an innovation hub to study rare diseases.
Sepura incurs a loss in first half
Sepura, a communications solutions company, recorded a pre-tax loss of €62. 1m in the six months ended 30 September, down from a profit of €6. 2m in the previous period.
Westminster issues £1.2m in loan notes to support projects
Westminster Group, an AIM listed supplier of security services and technology, has signed agreements for the issuance of £1. 2m convertible unsecured loan notes (CULN) to support expansion projects in the Middle East and Asia.
WTI futures reverse course after Bloomberg report
Oil futures retreated in late afternoon trading following a report from Bloomberg, referencing 'sources', which indicated that Iran, Iraq and Indonesia had reservations regarding a proposed 4. 5% production cut for all members - except only Libya and Nigeria.
US open: Stocks climb as investors anticipate oil production cut
US stocks climbed on Tuesday with the Dow Jones Industrials topping the 19,000 point mark for the first time ever, while oil prices rallied ahead of a widely-anticipated suply cut from several of the world´s main producers.