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Global macro outlook "more uncertain", says Bank of England
The Bank of England has warned that the global economic outlook has become more uncertain and risks have increased, while a potential sharp correction in asset prices could hike the cost of borrowing.
Mortgage approvals hit two-year high - Bank of England
Mortgage approvals hit a two-year high in October, Bank of England data showed on Friday, as the UK housing market continued to regain ground.
Eurozone inflation ticks higher in November
Euro area inflation picked up in November in annual terms, although some economists were expecting that it would soon head lower again.
Berenberg names JD Sports and Curry's among top consumer stock picks
Berenberg has said it has a positive stance UK consumer stocks heading into 2025 due to depressed valuations and improving macro trends, naming JD Sports, Curry's and Dunelm among the best picks in the sector.
Asia report: Most markets fall as Korean industrial output contracts
Asia-Pacific markets mostly edged lower on Friday, with South Korea leading the declines as its industrial production contracted for a second consecutive month in October.
RBC Capital reiterates positive outlook on W7 owner Warpaint
RBC Capital Markets reiterated its positive outlook on cosmetics firm Warpaint on Friday, saying it continues to believe the company is well positioned in the market, successfully executing on its growth strategy.
Berenberg lowers target price on Johnson Matthey
Analysts at Berenberg lowered their target price on diversified chemicals Johnson Matthey from 1,650. 0p to 1,500. 0p on Friday following the group's H125 results.
Strategic Minerals upbeat on UK critical minerals report
Strategic Minerals was upbeat on Friday after news that tungsten and tin, key components of its wholly-owned Redmoor polymetallic tungsten deposit, retained their designation as ‘critical minerals’ in the 2024 UK Criticality Assessment.
Northern Bear confident after strong first half
Specialist building and support services provider Northern Bear reported a solid half-year financial performance on Friday, with revenue rising to £37. 6m, up from £36. 9m in the prior period.
JP Morgan toasts European leisure sector
JP Morgan has adopted a positive position on European hotel and gaming stocks, including upgrading France’s Accor and reiterating its 'overweight' rating on Marston's.
Botswana Diamonds gets one of two environmental approvals for Thorny River
Botswana Diamonds announced on Friday that it has received environmental authorisation for one of its two mining permit applications for the Thorny River project in South Africa.
ECR Minerals enters into collaboration agreement with James Cook University
Exploration and development firm ECR Minerals said on Friday that it has entered into a collaboration agreement with James Cook University in Queensland to further explore the potential for rare earth elements within its Lolworth Project area.
Argent BioPharma to delist from London Stock Exchange
Drug discovery company Argent BioPharma announced its intention to delist its ordinary shares from the London Stock Exchange on Friday.
McBride refinances with EUR 200m credit facility
McBride has successfully refinanced its banking facilities, it announced on Friday, securing a €200m revolving credit facility (RCF) with a four-year maturity and the option to extend by up to two years.
Southern Energy sales slide in third quarter
Southern Energy Corporation, a producer with natural gas and light oil assets in Mississippi, reported a 34% decline in petroleum and natural gas sales to $3. 5m in the third quarter on Friday, compared to the same period last year.
Invinity names Adam Howard as CFO
Energy storage manufacturer Invinity revealed on Friday that Adam Howard has been tapped to take over as chief financial officer, with effect from 9 December.
Jefferies upgrades Anglo American to ‘buy’
Jefferies upgraded Anglo American to ‘buy’ from ‘hold’ on Friday and lifted its price target to 2,850p from 2,500p following the recent share price decline.
UK house prices to rise 2.5% in 2025, Zoopla says
Lower mortgage rates have supported a return to house price growth across every region of the UK, according to Zoopla, which has predicted a 2. 5% increase in prices next year with buyer demand up by a quarter on last year.
German retail sales fall more than expected in October
German retail sales fell more than expected in October, down 1. 5% compared with the previous month, according to official data published on Friday.
London open: Stocks steady ahead of data slew; Spire Healthcare jumps
London stocks were steady in early trade on Friday as investors mulled disappointing retail sales figures and looked ahead to a slew of UK data releases.