Market Pulse
PowerHouse raises £0.25m through direct subscription
PowerHouse announced on Friday that it has raised £0. 25m by way of a direct subscription, issuing 38,461,538 new ordinary shares of 0. 5p each in the company, at a price of 0. 65p per share.
US industrial production rises more than expected in June
US industrial production grew more than expected in June, according to the latest data from the Federal Reserve.
Friday broker round-up
Ashmore: Goldman Sachs upgrades to buy with a target price of 420p and JP Morgan reiterates underweight with a 250p target.
Co-Op bank appoints ex-Hiscox executive as CFO
The Co-operative bank has appointed former Hilcox executive John Worth as its Chief Financial Officer, according to Reuters.
New York manufacturing sector deteriorates in July
Business conditions in the New York region deteriorated in July, according to a survey from the New York Fed.
Sepura secures NYC Transit contract, goes ahead with placing
Critical communications system provider Sepura announced on Friday that it has been formally contracted to supply a TETRA network for New York City Transit.
Schneorson steps down as BSD Crown CEO
B. S. D. Crown announced on Friday that its CEO, Israel Yosef Schneorson, informed the board of directors on Thursday of his intention to resign.
Jones steps down as Kodal chairman
Mineral exploration and development company Kodal Minerals announced on Friday that David Jones has stepped down from his role as chairman and non-executive director of the company, effective immediately.
US inflation misses forecasts with unchanged growth in June
US inflation remained unchanged in June at an annualised 1. 0%, missing forecasts for 1. 1% growth, official data revealed on Friday.
Swatch tumbles on profit warning
Shares in Swatch tumbled on Friday after the Swiss watch maker cautioned that sales and profit fell in the first half of the year.
US retail sales rise more than expected
US retail sales rose more than expected in June, according to data from the Commerce Department.
Wells Fargo second quarter results miss forecasts
Wells Fargo&Co. reported slightly weaker than expected second quarter results, as the low interest rate environment and losses on loans to the energy sector weighed on the lender's performance.
Citigroup Q2 profit declines but beats estimates
Citigroup reported a drop in second-quarter net income as revenues fell, but the numbers were still better than expected.
Herbalife shares surge after FTC reject pyramid scheme claims
The Federal Trade Commission said on Friday that Herbalife is not a pyramid scheme, according to reports.
BoE's Haldane backs "sledgehammer" stimulus in August
The Bank of England needs to act “promptly” and “muscularly” to stimulate the UK economy following the vote to leave the European Union, the Bank’s chief economist said on Friday.
DotDigital says Brexit won't have impact on business as revenue rises 26%
Email marketer DotDigital said on Friday its revenues for the year increased and Brexit would not have an “adverse impact” on its business.
Polo Resources issues 9.8m shares to buy Perfectus Management
Natural resources investment company Polo Resources said on Friday it was issuing about 9. 8m new ordinary shares to buy a further 49% of Perfectus Management for $3m at the 2014 agreed price of 15p per share.
Europe midday: Stocks drop; travel and leisure under pressure after Nice attack
European equity markets fell on Friday, with travel and leisure issues under pressure following a terror attack in Nice.
Sierra Rutile production up in second quarter
Sierra Rutile posted an operational update for its second quarter on Friday, reporting a strong quarterly production of 34,629 tonnes of rutile - a 29% increase from the first quarter, and a 16% increase from the second quarter of last year.
London midday: Equities dragged lower by travel and leisure stocks
London stocks were led lower by travel and leisure stocks on Friday after terror attack in Nice that has left at least 84 people dead.