Market Pulse
Horizonte Minerals cleared to issue second tranche of shares to fund Araguaia deal
Nickel miner Horizonte Minerals has been given the green light by the Toronto Stock Exchange to issue the second of tranche of shares to fund part of its acquisition of the Araguaia nickel project in Brazil from Glencore.
Conygar Investment completes acquisition of development site at Rhosgoch
Conygar Investment has completed the acquisition of the freehold of the former Shell storage facility site near Rhosgoch, Anglesey for a consideration of £3m.
Friday newspaper share tips: Looking inside Mondi's packaging
After Mondi released its third quarter results on Thursday, the newspaper pundits have opened the packaging and had a look inside to offer their insight.
Electra subsidiary sells Zensar stake
Electra Private Equity’s subsidiary Electra Partners Mauritius has agreed to sell its 23% interest in Indian IT services business Zensar Technologies.
HSBC downgrades Hays, points to slowing UK growth
HSBC downgraded Hays to ‘hold’ from ‘buy’ and cut its price target to 140p from 200p.
US pre-open: Futures edge higher on Fed minutes, oil prices rally
US stock futures edged higher on Friday, after the minutes from the latest Federal Reserve meeting showed the US central bank might delay an interest rates hike until next year.
Europe midday: Stocks push higher as investors welcome dovish Fed; Glencore rallies
European stocks rose, led higher by strength in the mining sector as investors welcomed dovish signals from the Federal Reserve.
London midday: Rally in mining stocks boost equities
The FTSE advanced on Friday at midday, driven by a rally in mining stocks as metal prices rose.
Retirement housebuilder McCarthy & Stone said to unveil IPO plans next week
UK-based developer of retirement homes, McCarthy & Stone, will reportedly unveil plans for a £1bn flotation next week, despite interest in a takeover from private equity groups.
Asia: Stocks rally as Fed hints at postponing rate hike until 2016
Asian equity markets rallied on Friday, after the minutes from the US Federal Reserve meeting hinted the central bank could postpone an interest rates hike until next year.
XP Power says third quarter trading was in line with expectations
Power supply solutions provider XP Power said its performances in the third quarter of the year were in line with expectations.
Golden Saint Resources issues loan notes to raise £250,000
Gold and diamond explorer Golden Saint Resources unveiled plans to raise £250,000 by issuing 8% transferable convertible loan notes.
High street sales rebound in September, BDO reveals
Retail sales on Britain’s high street rebounded in September as low inflation and wage growth supported consumer spending and shoppers stocked up on autumn fashions, a report revealed on Friday.
RBC downgrades Weir to 'underperform'
RBC Capital Markets cut Weir to ‘underperform’ from ‘sector perform’ and slashed its price target to 1,150p from 1,850p.
Boston Globe to implement Phorm's ad technology
Phorm Corporation has signed a deal for Boston Globe Media Group to use its advertising technology on the media group’s digital properties.
Avon Rubber seals Argus deal
Avon Rubber has completed the acquisition of Argus thermal imaging camera business from e2v technologies for £3. 5m.
Morgan Stanley downgrades Sports Direct, says it's no longer undervalued
Sports Direct International was under the cosh after Morgan Stanley downgraded the stock to ‘equalweight’ from ‘'overweight', keeping the price target at 680p, saying the risk/reward is now more balanced.
Standard Chartered CEO reportedly planning to cut up to 1,000 jobs
Standard Chartered’s new chief executive Bill Winters is reportedly planning to cut up to a quarter of the bank’s most senior staff in a bid to reduce costs.
Synectics appoints new finance director
Surveillance technology group Synectics said Mike Stilwell will replace Nigel Poultney as the company’s finance director.
UK trade deficit bigger than forecast in August
The UK trade deficit in August grew more than expected, data released on Friday showed.