Market Pulse
Volkswagen to cut capex in wake of emissions scandal
Beleaguered German car maker Volkswagen said on Friday that it plans to cap spending next year at around €12bn as it looks to save costs following the emissions scandal.
Friday newspaper share tips: Johnson Matthey needs diesel to be a growth story
Johnson Matthey was in the sights of the Financial Times’ Lex on Friday after it released its half year results.
RAC says petrol could hit GBP1 per litre in 'weeks'
British petrol prices could fall to £1 a litre within weeks as declines in the wholsale price are passed on the consumer, according to the motoring organisation RAC.
Oryx International outperforms benchmarks in the first half
Investment group Oryx International Growth Fund said the growth in net asset value in the first six months of the year had surpassed that of its benchmarks.
BAE Systems shares rise after Investec upgrades to buy
Shares in BAE Systems are up after Investec upgraded the stock from 'sell' to 'buy' on Friday, as well as upgrading the target price from 410p to 530p.
Westmount Energy plunges on wider annual loss
Shares in Westmount Energy plunged on Friday, after the group reported a wider annual pre-tax loss and unveiled plans to raise funds.
Capita agrees contract to manage Irish loans for Rabobank
Capita has agreed heads of terms of a contract to manage 17,500 loans with a value of around €4bn (£2. 8bn) for Rabobank’s ACCLM in Ireland.
London midday: Stocks flatline as investors digest central bank talk
London stocks were still trading near the unchanged mark by midday, following fairly uninspiring sessions in the US and Asia, with remarks from central bankers filling the vacuum left by a nearly empty economic calendar.
Glencore reportedly signs oil deal with Libya
Glencore has reportedly agreed a deal to buy as much as half of the oil Libya currently exports as it looks to offset declining profits from mining.
Moody's upgrades outlook on British Airways
Moody’s has changed its outlook on British Airways’ Ba2 rating to positive from stable and affirmed the airline’s ratings.
Europe midday: Stocks waver as investors mull Draghi, Weidmann comments
European stocks wavered on Friday as investors digested weaker-than-expected German data, while a dovish speech from European Central Bank chief Mario Draghi failed to lift sentiment.
US pre-open: Futures edge higher as investors focus on more Fed speakers
US stock futures edged higher on Friday, as Wall Street remained on track to clinch its seventh weekly gain in the last two months.
New Crossrail trains unveiled for London
Walk-through carriages and Wi-Fi have been promised for London commuters, as the design for the capital’s new Crossrail trains was revealed on Friday.
Weidmann plays down need for more ECB stimulus
Jens Weidmann – the head of the Bundesbank and a governing council member of the European Central Bank – warned on Friday that the longer we keep going with ultra-loose monetary policy, the greater the risks.
Asia: Stocks rally as investors grow confident over Fed rate hike
Most Asian stocks ended the week on an upbeat note as investors looked to have come to terms with the prospect of higher US interest rates.
London open: Stocks flat in light day for economic data
London stocks were trading flat on Friday morning following fairly uninspiring sessions in the US and Asia and with remarks from central bankers filling some of the vacuum.
E.ON's Ironbridge plant to close permanently
E. ON confirmed that the Ironbridge Power Station in Shropshire will stop commercial generation on Friday afternoon and will close down permanently after 46 years of service.
Premier African Minerals gets early release of Darwin loan notes
AIM-listed multi-commodity resource and development company Premier African Minerals said Darwin Strategic Limited has agreed to bring forward the release date of a second tranche of loan notes.
UK public sector borrowing records worst October since 2009
British public finances reached the worst October deficit since 2009, data released on Friday showed.
MySale confirms Australasian expansion
International online retailer MySale Group confirmed the acquisition of three Australasian properties on Friday.