Market Pulse
UK has no trade negotiators for Brexit talks with EU, says Letwin
A former minister has said the UK has no trade negotiators to take part in Brexit talks with the European Union.
US pre-open: Stocks seen touch weaker after Nice attack; data deluge eyed
US futures pointed to a slightly weaker open on Wall Street following a terror attack in France that has left at least 84 people dead.
Tech leaders: Trump presidency would be "disaster for innovation"
145 leaders in the technology industry have written an open letter strongly opposing a Donald Trump presidency in the United States.
Ashmore rallies on Goldman Sachs upgrade
Asset manager Ashmore got a boost on Friday as Goldman Sachs upgraded its stance on the stock to ‘buy’ from ‘neutral’ and raised the price target to 420p from 310p.
UK construction output slumps in May
Construction output in the UK slumped in May ahead of the EU referendum, according to the latest figures from the Office for National Statistics.
Xerox rejects RR Donnelley merger proposal
Xerox Corp. has turned down a bid from RR Donnelley and Sons to merge after its January announcement that it intends to split the company.
BP's final bill for Gulf of Mexico oil spill comes to $61.6bn
BP’s final bill for the oil spill in the Gulf of Mexico came to $61. 6bn after taking a recent additional $5. 2bn pre-tax charge, which the company said has brought the matter to a close.
Asia report: Markets mixed on massive Chinese data dump
Markets in Asia closed mixed on Friday as investors digested a Chinese data dump, after another record close in US stocks on Thursday.
Europe open: Stocks slip after Nice terror attack
European equity markets slipped in early trade as sentiment took a hit from a terror attack in Nice.
London open: Stocks slide after terror attack in Nice
London stocks were under the cosh on Friday following a terror attack in Nice that has left at least 84 people dead, sending travel and leisure stocks into the red.
China GDP steady in second quarter, up 6.7%
China’s economy grew at a slightly faster pace than expected in the second quarter, according to data released by the National Bureau of Statistics.
Indivior moves towards US listing
Indivior announced on Friday morning that it has filed a registration statement with the US Securities and Exchange Commission in connection with its intended establishment of a sponsored Level 2 American Depositary Receipt programme, and a US listing of American Depositary Shares.
DCC ahead of expectations in first quarter
International marketing, distribution and business support services company DCC issued an interim management statement ahead of its AGM in Dublin, at 1100 BST on Friday.
London pre-open: Stocks seen lower; Nice terror attack in focus
Stocks in London were expected to open lower on Friday following a terror attack in Nice that has left at least 84 people dead, with travel and leisure issues likely to suffer losses.
Friday newspaper round-up: European banks, VW, BP, Monsanto/Bayer
European banks could be forced to put as much as €40bn of extra capital into their UK branches as a result of the country’s decision to quit the EU, according to a report from the Boston Consulting Group. The BCG report also says Brexit will trigger an 8-22 per cent rise in annual costs for the banks’ capital markets divisions and says this may prompt lenders to withdraw from some activities. – Financial Times.