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Broker tips: Sky, Sports Direct, Aggreko
UBS reiterated a ‘buy’ rating on Sky and raised the target price to 1,370p from 1,310p on Thursday after Rupert Murdoch proposed a deal to a full takeover of the broadcaster.
US Philly Fed manufacturing index improves sharply in December
Conditions in the US manufacturing sector in the mid-Atlantic region improved sharply in December.
US consumer prices rise more slowly less than expected in November
The cost of living in the US rose less than expected in November despite a sharp jump in energy costs.
Fed decision - Analysts react
"As our Fed watcher, Philip Marey, suggested in his take on the decision (see attached), Fed Chair Janet Yellen downplayed the size of the dot plot adjustment, calling it ‘very tiny’ whilst suggesting that only ‘some’ participants had changed their rate projections. Philip points out that only two dots at the median level in 2017 being shifted upwards would have been sufficient to change the median number of hikes from 2 to 3 between September and December.
Tertiary Minerals welcomes Swedish government decision
Fluorspar developer Tertiary Minerals updated the market on Thursday, on the progress of the mine permit appeal process for its Storuman fluorspar project in Sweden.
BoE decision - Analysts react
"The MPC appears comfortable with its current balanced stance and will likely want to see some diverging data before changing its rhetoric. It nonetheless noted that the outlook for activity had improved, globally and in the UK, while inflationary pressures appear to have eased somewhat relative to the November Inflation Report. This takes some pressure off the MPC to act in the short-term. [. ] "the Bank’s interpretation of the Autumn Statement is that new fiscal plans are less of an headwind to domestic demand.
Haydale Graphene talks up partnerships at AGM
Nanomaterials group Haydale Graphene was holding its annual general meeting on Thursday afternoon in London, with chief executive Ray Gibbs updating shareholders on the company’s operations.
Japanese lawmakers legalise casinos in long-awaited decision
Members of parliament in Japan have passed legislation which allows businesses in the country to open casinos for the first time, including international gaming firms such as Wynn Resorts, MGM Resorts and Caesars.
Initial weekly US unemployment claims dip
Initial weekly unemployment claims in the US for the week ending on 10 December dipped by 4,000 to reach 254,000, according to the Department of Labor.
27 EU leaders to discuss Brexit for the first time without a British PM
Britain will feel the effects of its semi-detachment from the European Union on Thursday, when the remaining 27 leaders of the bloc will discuss Brexit over dinner without Prime Minister Theresa May.
Friday preview: Eurozone inflation, Trinity Mirror trading update
Eurozone inflation figures will be released on Friday with analysts expecting the final reading on November to confirm an annualised 0. 6% growth.
Infrastructure India under pressure from DLI investment
Infrastructure India announced its unaudited interim results for the six months to 30 September on Thursday, with the value of the company's investments sitting at £330. 7m at period end, compared to £334. 5m at the start of the period and £331. 6m at the same time last year.
Sky and 21st Century Fox reach £18.5bn takeover deal
An agreement has been reached for 21st Century Fox’s takeover of broadcaster Sky.
ExxonMobil CEO Tillerson to be replaced by president Woods
Oil corporation ExxonMobil will replace outgoing chief executive Rex Tillerson with current president Darren Woods, the company's board has confirmed.
Success for 88 Energy in Alaskan acreage bidding round
88 Energy updated the market on Tuesday in relation to Project Icewine, in which it has a 77. 5% working interest as operator, located on the Central North Slope of Alaska.
Canaccord lowers Sports Direct's price target due to rising expansion costs
Canaccord Genuity has maintained its rating on Sports Direct at ‘sell’ but has lowered its price target to 160p from 231p due to the company’s expensive expansion plans.
Petro Matad's reassignment of Shell's Mongolian oil blocks approved
The Mongolian government has approved the reassignment of interests in two oil blocks worth about $15m from Royal Dutch Shell to Petro Matad.
Lloyd's of London to create EU base next year in response to Brexit
Insurance market Lloyd’s of London will become one of the first City firms to implement plans in response to Brexit when it creates a new base in the European Union next year.
Trump tells tech bosses that he is 'here to help'
US president-elect Donald Trump met with a group of the most influential technology bosses on the planet on Wednesday in a summit to discuss a variety of issues relating to the industry.
Formation Group to list on rival ISDX
Shares in AIM-listed Formation Group plummeted while the property developer lists on rival borse, the ICAP Securities and Derivatives Exchange (ISDX), in order to minimise costs.