Market Pulse
Endo withdraws supplemental NDA for OPANA
Endo International has decided to withdraw its supplemental new drug application relating to specific abuse deterrent labelling for opioid antagonist OPANA ER without prejudice to re-filing.
Thalassa reaches end of claim against Sevmorgeo
Thalassa Holdings updated the market on an ongoing claim against Sevmorgeo on Friday, with a conclusion in sight.
Edenville Energy board proposes major share reorganisation
Tanzania-focused coal-to-power project developer Edenville Energy announced a proposed reorganisation of its share capital on Friday.
AP Moeller-Maersk launches strategic review after unsatisfactory results
Maersk Group launched a strategic review after posting what the company itself described as "unsatisfactory results" in the second quarter, amid low growth and price falls in almost all its markets.
Applied Graphene Materials flags loss in line with expectations
Specialty graphene materials producer Applied Graphene Materials posted a trading update on Friday, ahead of the announcement of its full year results for the year ended 31 July.
Credit Suisse has tactical worries about gold, highlights prospect of higher fiscal spending
Credit Suisse advised clients investing in gold and related equities to keep their eye on real, or inflation-adjusted, bond yields instead of on so-called inflation break-evens or nominal yields, calling attention to the potential impact that increased fiscal spending worldwide might have the prices of both.
Europe midday: Stocks little changed as investors mull data
European equities wavered on Friday in fairly quiet trade, as market participants digested eurozone and Chinese data.
Bango expands in Asia with Danal partnership
Mobile payment company Bango plans to expand in Asia through a memorandum of understanding with South Korean commerce company Danal Korea.
McDonald's pressured to stop selling food with antibiotics
An e-mail campaign is pressuring fast-food behemoth McDonald’s to stop serving food from animals treated with antibiotics.
US pre-open: Stocks seen flat as investors eye retail sales
US futures pointed to a broadly flat open on Wall Street following fresh records in the previous session, as investors looked to the release of retail sales data.
London midday: Stocks rise as investors ignore lacklustre data
The FTSE climbed on Friday as investors shrugged off disappointing UK construction data.
MediaZest narrows losses in best-ever year
Creative audio-visual company MediaZest posted its final results for the year ended 31 March on Friday, reporting its best ever financial results with turnover of £3. 14m and EBITDA profit of £0. 06m, before a non-cash share option based charge of £0. 14m.
German Q2 GDP beats forecasts, despite Brexit
Growth in the euro area´s largest economy during the second quarter clocked in faster-than-expected, as consumption by both the private and state sectors put in strong performances and exports turned up, while investment cooled off after an extended run, but the data left economists divided on the outlook .
Don´t wait, raise rates again in 2016, Fed´s Williams says
America´s central bank should go ahead and raise rates again in 2016 a top official said.
Cloudbuy turnover drops but loss narrows in H1
Aim-listed Cloudbuy, a provider of cloud-based e-commerce marketplaces, reported a drop in turnover for the first half but said its loss narrowed and it expects full-year results to be in line with the previous year.
Keep your eye on inflation expectations, Chinese yuan, volatility, Morgan Stanley cautions
The rally in global equities over the preceeding month had taken investors by surprise, coming as it did right after the referendum vote opened-up a proverbial 'Pandora´s Box' of political uncertainty, but several developments in global capital markets warranted watching, Morgan Stanley´s strategy team said.
London pre-open: Stocks seen slightly higher on strong US cues
London stocks were set to open higher on Friday following a positive session in the US and amid firmer oil prices, which helped to offset disappointing Chinese data.
Speedy Hire backs Jan Astrand after attempts to oust chairman
Tool rental company Speedy Hire said it “strongly recommends” its shareholders vote against ousting executive chairman Jan Åstrand by its largest investor, Toscafund Asset Management.
Eurozone industrial production rises touch more than expected in June
Eurozone industrial production rose a touch more than expected in June, according to the latest figures from Eurostat.
Eurozone second-quarter GDP slows as expected
Eurozone gross domestic product rose by 0. 3% in the second quarter, confirming preliminary estimates and in line with economists’ forecasts, according to data released by Eurostat.