Market Pulse
US open: Stocks slide as retail sales figures disappoint
US equities markets slid early on Friday, as investors digested a disappointing retail sales data.
Week ahead: ECB minutes and UK CPI in focus
The macroeconomic agenda will slow down next week, although the minutes of the European Central Bank’s last policy meeting and inflation data out on Tuesday will merit close attention.
Nordstrom out of fashion after third quarter results, shares sink
Investors marketed down shares in Nordstrom on Friday after the company missed analysts’ earnings estimates by a wide margin and lowered its guidance for the full year.
Perrigo tumbles as shareholders reject Mylan offer
Pharmaceutical group Mylan’s offer to acquire Ireland-based Perrigo has lapsed.
Bankers Petroleum appoints Albania vice-president
Bankers Petroleum strengthened the management of its Adriatic operations on Friday, with the appointment of Kristofer Gustafsson to the role of vice-president, production and operations in Albania.
SFO charges 10 over Euribor rigging
The Serious Fraud Office has charged Barclays and Deutsche Bank employees over the alleged manipulation of the Euribor interest rate benchmark.
US retail sales miss expectations in October
US retail sales rose by less than expected in October, figures released on Friday showed.
Japan Residential agrees GBP152.6m takeover deal with Blackstone unit
Japan Residential Investment Company (JRIC) has reached an agreement on the terms of a recommended £152. 6m cash offer by Bidco, a bidding vehicle wholly-owned and controlled by private equity firm Blackstone Group.
China doubles deposit requirements for margin trading
The Shanghai and Shenzhen stock exchanges have doubled the minimum requirement for margin trading to 100%.
London midday: Stocks lower after lacklustre euro area growth figures
The selling pressure on equities continued after weaker-than-expected data on economic growth out of the euro area.
Friday newspaper share tips: Rolls-Royce descent in focus
It appeared the papers were singing from the same song sheet on Friday – a song sheet very much focused on Rolls-Royce.
Europe midday: Equity markets slip after disappointing GDP data
European stocks fell into the red after data showed growth in the Eurozone unexpectedly slowed in the third quarter and as investors mulled the possibility of a US rate hike next month.
IEA says global oil stocks at record high, may weigh on oil prices
Global oil inventories hit a record near-3bn barrels at the end of September, the industrialised world’s energy watch-dog said on Friday.
Softcat prices IPO at 240p a share
IT infrastructure and services provider Softcat has priced its initial public offering at 240p a share – the middle of the expected range – giving it a market capitalisation of £472. 3m.
Berenberg upgrades AB InBev on 'match made in heaven'
Berenberg downgraded its rating on SABMiller to ‘hold’ from ‘buy’, saying it sees no further upside to the standalone company following Anheuser-Busch InBev’s formal £44 a share offer for the London-listed brewer.
US pre-open: Wall Street poised for flat open ahead of retail sales data
US stock futures pointed to a flat open on Friday, as investors awaited data on retail sales and consumer confidence.
Broker tips: IMI, Daily Mail&General Trust, G4S
Societe Generale downgraded IMI to ‘hold’ from ‘buy’ and slashed the price target to 975p from 1,350p after the company said on Thursday that earnings for the year would be at the low end of market views.
Brexit becoming more popular, poll suggests
More Britons are keen on a British exit, though one in five remain undecided, according to the latest opinion poll on the EU referendum.
DCD Media issues profits warning after ITV cancels third series of Celebrity Squares
Independent television producer DCD Media issued a profits warning after ITV said it would not recommission its 'Celebrity Squares' game show.
Asia: Fed's uncertainty drags markets lower across the region
Asian equity markets ended the week on a downbeat note, as investors in the region remained jittery over what looks a probable December rate hike by the US Federal Reserve.