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Commodities: Increasing supply of oil weighs heavy on the market
An over supply of crude from Nigeria and Libya of approximately 1m barrels per day weighed heavily on the oil market on Friday with September contracts for both WTI crude and Brent crude down 2. 28% and 2. 29% respectively.
Magnolia Petroleum announces divestment of North Dakota and Oklahoma wells
Magnolia Petroleum, an Oklahoma based oil and gas investment company, has divested and agreed farmouts over several wells in North Dakota and Oklahoma for a total of $411,000.
Ladbrokes seals coverage deal with the Racing Partnership
Ladbrokes Coral has agreed a media rights deal with The Racing Partnership to increase the televised coverage of racing on owned and independent racecourses at its betting shops.
Europe close: DAX dives on euro peaks and colluding carmakers
European stocks ended the week firmly in the red as the euro continued to march higher, with the strength in the single currency weighing on exporters and car makers were hit by reports of collusion in the industry, combining to send the Dax to new three-month lows.
FX round-up: Lack of data release makes way for indecisive Cable moves
On Friday sterling managed to recover most of its losses against the US dollar from prior session posting a morning high of 1. 3020, only managing to touch psychological resistance of 1. 3000 briefly.
Totally announces potential acquisition and suspension of trading
Totally, the provider of a range of services to the healthcare sector in the UK, announced a potential reverse takeover acquisition and the resulting suspension of trading on AIM.
London close: FTSE profit taking kicks shares into red
UK stocks were lacklustre on Friday as oil and stocks plunged but investors mulled yet more waxing and waning of Brexit negotiations, proving that uncertainty is the only certainty surrounding the issue.
FTSE 100 movers: Paddy Power leads Friday retreat
London's FTSE 100 was in the red on Friday, along with stock benchmarks in Europe and the US.
General Electric tumbles further as profits slide
US industrial giant General Electric reported net profits of $1. 34bn for the second quarter of 2017, 53% less than its earnings for the same quarter in 2016.
Gove insists 'change needs to come' while calling for plastic bottle deposit scheme
Environment secretary Michael Gove cited the 5p charge for plastic bags when speaking on how a bottle return scheme would require the "enthusiastic embrace" of retailers.
US open: Wall Street slips amid weak tech earnings, downbeat GE
Wall Street was slightly lower in early trading following disappointing updates from Microsoft and Ebay, alongside weak guidance from industrial conglomerate GE.
Catalyst Media softens blow from failed Greyhound track bids
Retail betting service supplier Sports Information Services (SIS), in which Catalyst Media Group holds a 20. 5% stake, has secured rights and media agreements for its greyhound and horseracing content.
Irish ambassador calls on UK to remain in Customs Union
Britain should remain in the EU Customs Union following Brexit in order to avoid problems with the Irish border, the country’s ambassador to the UK said on Friday.
Broker tips: Paddy Power Betfair, Equiniti
Paddy Power Betfair lost ground on Friday as Investec downgraded its stance on the stock to 'sell' from 'buy' and cut the price target to 6,970p from 10,000p on the back of lower forecasts and a deteriorating regulatory outlook in the UK and Australia.
Dalata buys Hotel La Tour for £31m
AIM-listed Dalata has acquired Hotel La Tour for £31m from Hotel La Tour Limited, which owns the long leasehold interest in the hotel situated on Park Street in the centre of Birmingham.
Goldman Sachs raises Equiniti target on US expansion
Analysts at Citi bumped up their target price for shares of Equiniti, hailing its acquisition of Wells Fargo Share Registration & Services.
Cabinet united on 'pragmatic' Brexit transition period, Gove says
The cabinet is committed to taking a “pragmatic approach” to free movement in the post-Brexit transition period, environment minister Michael Gove said on Friday, bowing to pressure from the business community and after a new round of talks with European Union negotiators this week.
GSK applies to widen indications for combined asthma drug
GlaxoSmithKline has submitted its Relvar Ellipta asthma drug to European regulators for approval as a extended once-daily treatment.