Market Pulse
FTSE 100 movers: Sports Direct slumps on Jefferies note; Coca-Colla rallies
London’s FTSE 100 index was down 0. 5% to 5,940. 99 at 1325 GMT, tracking broader weakness in the markets as investors booked some profits.
UBS believes Eurozone can avoid macro-slowdown
Current market pricing was suggesting investors were overly pessimistic on the risk of Europe entering a "major macro-slowdown", having taken a more negative view towards the severity of the problems within the financial sector, UBS said on Friday.
Legendary Investments celebrates milestones at Virtualstock
Legendary Investments was celebrating further milestones at one of its investments on Friday, announcing the continued expansion of Virtualstock (VS) in the retail sector.
Vela Technologies investment in combination negotiations
Vela Technologies was starting to see the fruits of its investment in one of its more recent targets on Friday, with Vancouver-based blockchain technology developer BTL Group combining with one of its partners.
Gresham House establishes new forestry fund
A complex transaction was being undertaken by Gresham House on Friday, as the company announced its intention to establish a new fund for institutional, family office and professional investors, to be advised by its subsidiary Aitchesse Ltd.
US pre-open: Futures point to weaker open as oil slides again
US futures pointed to a slightly weaker open on Wall Street on Friday, with investors likely to book a few profits after three days of gains as oil prices declined.
Iraqi Kurdistan authorises $12m Gulf Keystone payment
Gulf Keystone Petroleum said on Friday the Kurdistan Regional government has authorised a gross payment of $15m - $12m net – to the group for crude exports from the Shaikan field.
Milestone launches MusicRoo platform, issues new equity
Milestone Group was moving from a phase of development to one of active trading on Friday, launching the MusicRoo streaming platform in partnership with Australian company Black Cactus Holdings, and announcing an issue of equity.
ITV gets ministerial approval for UTV acquisition
Broadcaster ITV has received ministerial approval for its acquisition of UTV Media’s television assets.
London midday: Stocks decline as oil prices slide
London stocks declined as better-than-expected UK retail sales data failed to offset another drop in oil prices.
Europe midday: Stocks push lower on profit-taking as oil slides
European stocks were weaker by midday following a choppy start, as investors booked profits at the end of a week that saw solid gains.
Charles Stanley upgrades Tullow Oil after share price fall
Charles Stanley upgraded Tullow Oil to ‘hold’ from ‘sell’ given the sharp drop in the share price and potential de-gearing.
Progress made, but still no deal with EU, Cameron says
Prime Minister David Cameron ran into some unexpected opposition from his European peers during the negotiations that took place overnight in Brussels to keep the UK within a reformed European Union.
Asia report: Most markets down Friday, but finish week in the black
Most equities in Asia slipped back on Friday, finishing off a week that saw some serious rebounds from the previous week's sell offs, as well as periods of bargain hunting.
Farm-in triggered for NU-Oil investment
NU-Oil updated the market on one of its Irish interests on Friday, in which one of its investments - Marginal Field Development Company (MFDevCo) - was undertaking a farm-in to the Helvick and Dunmore oil discoveries.
Strat Aero signs proof-of-concept deal with US power utility
Strat Aero was out proving the capabilities of its drones in Friday, having been awarded a wind turbine inspection contract with the largest electricity provider in the US state of Kansas, Westar Energy.
UK public finances improve by less than expected in January
Government finances improved at the start of the year, buoyed by the typical January rise in tax receipts, albeit by slightly less than economists had penciled in.
GameAccount Network partners with Borgata casino
GameAccount Network (GAN) announced a new partnership with a major US casino on Friday, teaming up with Borgata Hotel Casino & Spa in Atlantic City, New Jersey for the launch of a Simulated Gaming online experience.
AFC Energy inks strategic partnership with German consultancy
Industrial fuel cell power company AFC Energy has inked a strategic engineering partnership and services agreement with German engineering consultancy plantIng to support the rollout of its alkaline fuel cell system.
London open: FTSE opens flat ahead of UK retail sales, US inflation
The FTSE 100 opened flat on Friday investors awaited the release of data on UK retail sales and US inflation.