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London midday: Stocks nudge lower; all eyes on payrolls report
London stocks had nudged into the red by midday on Friday after the release of uninspiring services data, as caution set in ahead of the non-farm payrolls report.
Currys has major upside after European disposal, says Liberum
Liberum has reiterated its 'buy' recommendation on Currys, saying that the €200m sale price of its Greek and Cypriot operations is an "excellent outcome" for the consumer electronics retailer.
Online sales surge as weather keeps people at home - BDO
Retail sales jumped last week, industry data showed on Friday, as a surge in online shopping offset lacklustre in-store demand.
Canaccord Genuity lowers target price on James Fisher
Analysts at Canaccord Genuity lowered their target price on oilfield service firm James Fisher & Sons from 550. 0p to 425. 0p on Friday as they questioned what makes the stock expensive.
BMW Group upbeat after robust third quarter
Automaker BMW Group reported a robust third-quarter performance on Friday, with a higher margin in its core cars business as it remained optimistic about its annual forecasts.
Eurozone jobless rate unexpectedly rises to 6.5%
Unemployment in the Eurozone unexpectedly increased in September, with analysts expecting joblessness to rise further in the coming months.
UK service sector 'skirting with recession' - PMI
The UK service sector had a lacklustre October, a closely-watched survey showed on Friday, as cost of living pressures continued to weigh on demand.
Asia report: Markets finish higher after wave of economic data
Asia-Pacific markets experienced gains at the week’s close, driven by fresh data insights into the region’s business activity.
US pre-open: Futures pull back before jobs report, Apple underwhelms
US stocks were expected to pull back slightly on Friday after strong gains over recent sessions, with nerves setting in ahead of a potentially market-moving monthly jobs report.
RBC Capital upgrades Antofagasta, says risk/reward improving
RBC Capital Markets upgraded Antofagasta on Friday to ‘sector perform’ from ‘underperform’ and lifted the price target to 1,300p from 1,200p, as it said the risk/reward was improving after recent share price underperformance.
Third-quarter profits tumble at SocGen
Societe Generale reported a slide in quarterly revenues and profits on Friday, dragged lower by a weaker performance at its retail bank.
CAP-XX product revenues improve
Supercapacitors manufacturer CAP-XX said on Friday that product revenues had continued to improve in the four months ended 30 October.
Rightmove faces rising competition from OnTheMarket's new owner, says Citi
Citigroup has reiterated its 'sell' rating and 445p target price for online property platform Rightmove, highlighting rising competition from US group CoStar.
German exports and imports both weaken in September
Fresh data on German trade released on Friday underscored the ongoing fragility faced by Europe’s top economy, coming in worse than expected.
JPMorgan upgrades Smith & Nephew, says recent de-rating ‘overdone’
JPMorgan Cazenove upgraded Smith & Nephew to ‘overweight’ from ‘neutral’ on Friday as it argued the recent de-rating was overdone.
Maersk to cut 10,000 jobs; lowers profit guidance
AP Moller-Maersk is to cut more than 10,000 jobs worldwide, the shipping group confirmed on Friday, after demand and prices both fell sharply.
Europe open: Markets continue to rally ahead of US payrolls data
European stocks were rising for their fifth straight day on Friday as optimism continues to rise that central banks may be done with monetary tightening.
Safestyle 'likely' to enter liquidation
Door and window fitting company Safestyle said on Friday that its directors would likely be required to place the group into liquidation.
London open: FTSE edges higher ahead of payrolls
London stocks rose in early trade on Friday following a solid session on Wall Street, as investors eyed the release of the all-important non-farm payrolls report.
Surface Transforms shares sink after full-year sales warning
Shares in Surface Transforms tanked over 40% on Friday morning after the brake disc manufacturer slashed its sales guidance due to ongoing challenges in production lines.