Market Pulse
Charles Stanley downgrades Pearson to 'hold'
Charles Stanley downgraded Pearson to ‘hold’ from ‘accumulate’, pointing to the company’s disappointing nine-month trading update last week.
Canaccord Genuity draws the curtains on Cineworld, says it´s time to sell
Shares in Cineworld rose by a staggering 75% over the last twelve months, driven by a fantastic slate of films during that period, but the time had come to take some money 'off the table' a leading broker said on Friday.
US consumer spending rises at slowest pace since January
US consumer spending rose at the slowest pace since the turn of the year in September, data released on Friday showed.
Broker tips: Barclays, Cineworld, BT Group
Analysts at Goldman Sachs lowered their target price for shares of Barclays after the group guided to above consensus on costs, but gave short shrift to concerns about the now lower target from the lender for return-on -equity.
London midday: Upbeat Eurozone data fails to boost stocks
Positive reports on Eurozone unemployment and inflation failed to lift London stocks at Friday’s midday mark.
Europe midday: Stocks turn lower as investors book some profits
European stocks reversed early gains to trade a little lower on Friday as investors booked some profits at the end of what has been a pretty solid month and ahead of some key US data releases.
US pre-open: Futures edge higher ahead of inflation data
US stock futures edged slightly higher on Friday, as investors awaited a raft of economic reports.
Goldman Sachs trims Barclays target price, keeps at 'conviction buy'
Analysts at Goldman Sachs lowered their target price for shares of Barclays after the group guided to above consensus on costs, but gave short shrift to concerns about the now lower target from the lender for return-on -equity.
Nomura sees regulatory headwinds on the horizon at BT, but stays at neutral
Sky´s aggresive customer retention efforts kept BT Group from accelerating the pace of broadband additions in the second quarter and there were regulatory clouds massing on the horizon, Nomura said.
Asia: Markets end week on downbeat note as BoJ leaves policy unchanged
Most Asian equity markets ended the week on a downbeat note, after the Bank of Japan refrained from implementing fresh stimulus measures.
Police arrest second teenager over TalkTalk cyber attack
A second teenager has been arrested on suspicion of hacking the details of over 4m TalkTalk customers.
Highway Capital interim loss widens
Investment company Highway Capital posted a wider loss for the first half as administrative expenses grew.
Eurozone unemployment edges higher in September
Unemployment in the Eurozone grew slightly more than expected in September, according to figures published on Friday.
German retail sales miss forecasts in September
German retail sales stagnated in September, figures released on Friday showed.
Bank of Japan lowers growth forecast, keeps policy unchanged
The Bank of Japan lowered its forecasts for economic growth and inflation, due to the slowdown in global growth. Noting substantial uncertainties, the central bank now sees gross domestic product for the current fiscal year expanding by 1. 2%, down from the 1. 7% seen before.
Nakama slumps as third-quarter profit and revenue drop
Shares in AIM-listed recruitment company Nakama Group fell sharply after it posted a drop in first-half profit and revenue.
Eurozone CPI falls flat in October
Consumer prices in the Eurozone were flat in October, preliminary figures released on Friday showed.
WYG completes North Associate deal
Technical consultancy group WYG has completed the acquisition of property asset management North Associates in a deal worth up to £5m.
Clear Leisure secures GBP200,000 loan from shareholder
Clear Leisure has entered into a loan facility agreement with Eufingest, a Swiss investor and major shareholder in the company.
US Senate passes budget deal
The US Senate passed a two-year bipartisan budget deal on Friday by a comfortable margin, boosting federal spending by $80bn.