Market Pulse
American Airlines adds to industry woes with Q2 revenue and profit drop
American Airlines was the latest bad luck story of the airline industry as it reported a drop in its revenue and profits for the second quarter.
Europe close: Stocks end flat amid raft of data and corporate news
European stocks were relatively flat at close on Friday as investors digested eurozone PMI data and sifted through corporate releases.
London close: FTSE boosted by weaker pound after dismal UK PMIs
The FTSE 100 ended higher on Friday as the pound weakened following dismal UK data on the services and manufacturing industries.
Inland Homes warns on profits ahead of final results
South East England-focused housebuilder Inland Homes updated the market on its trading on Friday, ahead of its preliminary results for the 12 months ended 30 June, which will be announced in September.
Uvenco warns on exceptional costs
Uvenco issued a warning to the market on Friday, that some costs in its accounts for the year to 31 March might have more of an impact than first thought.
Toumaz drops off Sensium on road to profitability
Wireless technologies company Toumaz announced on Friday the sale of its healthcare business, Sensium Healthcare, and also provided the market with a trading update for the six months ended 30 June.
Scientific Digital Imaging sees revenue and earnings rise in final results
Scientific and technology products company Scientific Digital Imaging posted its final audited results for the year ended 30 April on Friday, with revenue rising to £8. 5m from £7. 0m a year earlier.
Verizon closing in on Yahoo deal - reports
Verizon Communications Inc. is said to be closing in on a deal to buy Yahoo! Inc, according to Bloomberg sources.
FX report: Pound falls against the dollar after weak PMIs
The pound fell further against the dollar on Friday as weak UK manufacturing data dampened the economic outlook.
Sector movers: Hikma leads pharmaceuticals higher, Vodafone boosts mobile telcos
Pharmaceutical companies were leading the upside on Friday afternoon, after analysts at Numis initiated coverage of Hikma Pharmaceuticals, rating it at ‘add’.
US open: Stocks little changed as investors sift through earnings
US stocks flitted between small gains and losses on Friday as investors sifted through a raft of corporate news.
Markit's flash US manufacturing PMI beats expectations in July
Markit’s flash manufacturing purchasing managers’ index rose to an eight-month high of 52. 9 in July from 51. 3 in June.
General Electric earnings up 65% from 2015
US conglomerate General Electric reported performance well above analysts' expectations on Friday for their seceond quarter earnings, topping last year's numbers by about 65%.
Tullett-ICAP deal gets US approval
Tullett Prebon said on Friday that its proposed acquisition of ICAP’s global hybrid voice broking and information business has been cleared by US authorities.
Ariana Resources places 30m shares to fund drilling
Ariana Resources announced on Friday a placing of 29,616,666 new ordinary shares of 0. 1p each in the company, at a price of 1. 5p per share, in order to raise gross proceeds of around £0. 45m before expenses.
Starbucks blames social unrest for missing third consecutive sales target
Starbucks Corp. posted disappointing results in Europe and the US with a third successive sales target miss, citing global concerns regarding civil unrest as a major factor.
Europe midday: Stocks tread water as investors digest PMIs, earnings
European stocks were little changed on Friday as investors digested eurozone PMI data and sifted through corporate releases.
London midday: Stocks climb on BoE stimulus hopes
London stocks climbed on Friday as weak UK manufacturing data lifted hopes of further stimulus measures from the Bank of England.
US pre-open: Stocks seen a little higher amid earnings deluge
US futures pointed to a slightly higher open on Wall Street as corporate earnings came thick and fast.
Central Rand Gold completes tolling agreement
Central Rand Gold announced on Friday that it has completed and executed the definitive documents which will govern its Joint Venture Tolling Agreement with the unnamed third party supplier of gold bearing ore.