Market Pulse
BoE to cut rates by 25bps in August and November, says Nomura
Bank of England governor Mark Carney’s speech on Thursday was a very clear message of easing to come, Nomura said in a note.
Asia report: Markets start new quarter higher
Markets in Asia finished higher on Friday - the first day of the new quarter - following global trends on Thursday as markets continued to recover from the post-Brexit sell off.
Eco Animal Health's profits rise due to weak pound
Full year profits at animal pharmaceutical company ECO Animal Health jumped as the company benefitted from a weak pound caused by Brexit.
Petra sells 121.26 carat diamond for $6m
Petra Diamonds has sold the 121. 26 carat white diamond recovered at the Cullinan mine in South Africa for $6m as part of its June sales process in Johannesburg.
HSBC reiterates 'buy' but cuts target price on Jimmy Choo
HSBC maintained its ‘buy’ rating on Jimmy Choo on Friday, after the luxury shoe maker said it was off to a good start to the year.
GVC Holdings moves towards premium listing
GVC Holdings secured approval for a premium listing on the London Stock Exchange, according to the Financial Times, giving its shares a boost.
Apple in talks to buy Jay Z's music streaming app Tidal
Technology giant Apple has been in discussions over a possible sale of Jay Z's popular music streaming app Tidal, but no deal is in place yet, according to the Wall Street Journal.
UK manufacturing PMI at five-month high in June before Brexit
The UK manufacturing sector saw a modest improvement in June, rising to a five-month high.
S&P reaffirms US long-term credit rating
Standard&Poor´s reaffirmed its rating on the long-term sovereign debt of the US, albeit while highlighting the need for policies oriented towards the medium-term.
Eurozone manufacturing PMI rises to six-month high
Eurozone manufacturing growth rose to a six-month high in June, according to Markit, although it warned that the data was gathered before the UK’s decision to the leave the European Union.
Oracle ordered to pay $3 billion to Hewlett-Packard
A jury in California have ordered Oracle to pay $3bn in damages to Hewlett-Packard Enterprise after a case related to HP's Itanium servers, according to a spokeswoman for the Redwood-based company.
Europe open: Stocks edge higher on stimulus hopes
European stocks edged higher in early trade, underpinned by expectations of further central bank stimulus.
Electra partially realises Allflex investment
Electra Partners announced on Friday that, on behalf of Electra Private Equity, it has partially realised its investment in Allflex Corporation in a series of transactions between Allflex, its shareholders and Public Sector Pension Investment Board, a Crown corporation in Canada.
British Gas offers smart meter users free electricity at weekends
Centrica-owned British Gas is offering customers with smart meters eight hours of free electricity at the weekend.
China manufacturing sector weakens but services show improvement
Data out of China on Friday showed the manufacturing sector weakened in June, but the services sector improved.
AstraZeneca signs up to $1bn deal with LEO Pharma
Pharmaceutical giant AstraZeneca announced on Friday it has entered into agreements to support its strategic focus on three main therapy areas - respiratory, inflammation and autoimmunity; cardiovascular and metabolic disease; and oncology.
Synthomer closes acquisition of US-based Hexion PAC
Synthomer completed the acquisition of rival US-based Hexion Performance Adhesives & Coatings for a total cash consideration of $226m, funded via existing cash resources and the utilisation of additional credit facilities. Hexion´s China business, which accounts for about 1. 0% of the parent company´s sales, would be subject to a deferred completion, which was expected for the third quarter of 2016.
London pre-open: Stocks seen higher on stimulus hopes
London stocks were expected to open higher on Friday, underpinned by expectations of fresh stimulus from the Bank of England.