Market Pulse
UK construction output drops in July
UK construction output fell in the run-up to the UK’s vote to leave the European Union, according to data released by the Office for National Statistics.
Chinese credit growth slows sharply in July
Chinese credit growth slowed sharply in May as the impact of earlier monetary easing by the country´s central bank waned, some economists said.
Rotala's first half revenue rises 11%
Bus and coach operator Rotala’s half year revenues increased due to the acquisition of OFJ Connections, while it remains positive about the Buses Bill in parliament.
Asia report: Most markets higher as Chinese data fails to impress
Most Asian markets ended higher on Friday, as traders turned a blind eye to a deluge of vanilla data in Chinese data as oil prices soared and US markets finished at record levels.
BofA ML upgrades Tullow, says cash wave approaching
Bank of America Merrill Lynch upgraded Tullow Oil to ‘buy’ from ‘neutral’ and lifted the price target to 285p from 275p.
Europe open: Stocks waver as investors weigh Chinese data in quiet trade
European equities wavered in early trade as investors weighed disappointing Chinese data against record highs in US stock markets.
Chinese investment, retail sales slow in July
A raft of data on the Chinese economy released at the tail-end of the week undershot economists´ forecasts by a wide margin, raising doubts in some corners of the market about the efficacy of recent stimulus and highlighting the need for structural reforms in order to boost growth.
London open: Chinese data weigh at the start of trading
London stocks started the session slightly lower on the heels of weaker-than-expected data out of China, albeit amid firmer oil prices.
Drax boosted by HSBC upgrade
Drax got a boost on Friday as HSBC upgraded the stock to ‘hold’ from ‘reduce’ with an unchanged price target of 315p following weakness in the shares after the first-half results.
Cineworld completes acquisition of five Empire sites
Movie theatre operator Cineworld Group confirmed on Friday that it has completed the acquisition of five cinemas from Cinema Holdings Limited, the holding company of Empire Cinema.
Breithaupt out and McCue in at Restaurant Group
Pub and restaurant chain operator The Restaurant Group announced on Friday that after 15 years with the company, and two years as CEO, Danny Breithaupt will step down from the board and leave the company with immediate effect.