Market Pulse
NAHL unlikely to be hurt by Autumn Statement proposals, Investec says
Investec retained its 'buy' rating and 490p target price on NAHL Group after the Chancellor's Autumn Statement proposed ending the right to cash compensation for minor whiplash injuries and transferring of smaller personal injury claims to the small claims court.
Market overview: FTSE cutting losses but commodities still weigh
1245: The FTSE 100 is still in negative territory but is cutting earlier losses. The index is down 0. 24% at 6,377. 97, with the retreat still headed by Anglo American down 6. 7%, Fresnillo down 3. 5%, BHP Billiton down 3. 2% and Antofagasta down 3. 09%.
Asia: Equities end week in the red as Chinese markets plunge
Asian equities ended the week on a downbeat note, dragged lower by a slump in Chinese markets.
London midday: Miners drag stocks lower as traders weigh UK, Japan data
Mining stocks dragged UK equities lower on Friday at midday as investors sifted through mixed economic data.
Europe midday: Stocks shake off early losses as data and ECB hopes underpin mood
Stocks in Europe shook off early losses as encouraging data and hopes of further easing from the European Central Bank helped to underpin sentiment following heavy losses in China.
HSBC to close private banking division in India
HSBC will shut down its private banking business in India by March of next year with staff moved to the retail bank.
JPM downgrades Imagination Technologies on growth worries
Forecast growth issues for Imagination Technologies have led JP Morgan Cazenove to downgrade the stock to ‘neutral’ from ‘overweight’ and reduce its price target to 230p from 275p.
Petra Diamonds recovers 23 carat pink diamond in Tanzania
Petra Diamonds has recovered a 23. 16 carat pink diamond of “exceptional colour and clarity” from the Williamson mine in Tanzania.
London house prices soar in October
London registered the greatest increase in average property value over the last 12 months in October, data released on Friday showed.
Zoopla zooms back on Exane and Investec upgrades
Zoopla Property Group was upgraded by Exane and Investec on bullishness about the company's ability to maintain its position in the market for property websites.
Eurozone consumer confidence hits four-year high in November
Economic confidence in the Eurozone reached its highest level in over four years in November, figures released on Friday showed.
Deutsche Bank upgrades Betfair to 'buy' on compelling momentum
Deutsche Bank upgraded Betfair to ‘buy’ from ‘hold’ and lifted the price target to 4,200p from 2,650p.
Volex reshuffles board
Nathaniel Rothschild has been appointed as Volex executive chairman, the power and data cabling solutions provider said on Friday.
Bacanora appoints new director
Mark Hohnen has been appointed to the board of directors of Bacanora Minerals, the exploring group said on Friday.
UK house prices growth slows ahead of 'ballistic' buy-to-let rally
UK house prices growth slowed by more than expected in November to record the smallest rise since June, according to research by the Nationwide building society.
Anglo American tumbles as it announces closure Australia's Drayton mine
Anglo American tumbled as it announced the closure of its Drayton coal mine in Australia next year after the New South Wales Planning and Assessment Commission recommended that the government block an expansion of the mine.
Rio Tinto approves $1.9bn Cape York bauxite project expansion
Mining giant Rio Tinto has approved the $1. 9bn expansion of its high-quality Amrun bauxite project in Queensland's Cape York Peninsula to meet Chinese demand, with much of the capital expenditure scheduled for 2017 and 2018 and first delivery from 2019.
Quiet start to Black Friday on the street, big online sales expected
Retail footfall is expected to be lower than previous years, however it is believed today's Black Friday sales might be the biggest yet.
Asda cuts unleaded to under £1 a litre in 'three-day price drop'
Asda may be boycotting Black Friday, but the supermarket retailer has announced a ‘three-day price drop’ that coincides with the US-inspired discount day.
Chinese watchdog probing Citic, Guosen over alleged violation of securities regulations
China’s securities regulator has launched investigations into the country’s largest stockbroker, Citi Securities Co and its third largest broker, Guosen Securities, for alleged violation of securities regulations.