Market Pulse
S&P cuts rating on Mongolia's long-term sovereign debt
A significant weakening in the country's growth prospects led analysts at Standard & Poor's to sour in their view on the creditworthiness of Mongolia's long-term debt.
FX round-up: Sterling dives on renewed Brexit jitters
Sterling suffered a torrid time on most major crosses this afternoon as renewed Brexit jitters returned to the market and investors moved quickly to ditch the once-proud British currency.
Bonds are the new stocks, 'melt-up' possible, BofA-Merrill says
Global equities might be headed for a 'melt-up' should historical trading patterns for the different asset classes hold up, strategists at Bank of America-Merrill Lynch said.
Spain's Socialist party tells acting PM to look elsewhere for support
Spain’s Socialist party, PSOE, refused to break the eight-month political impasse on Friday, by supporting the conservative party and forming a coalition government.
London close: Stocks taper as sterling, commodity prices lose traction
UK stocks whimpered to a lower close on Friday as sterling lost traction on renewed Brexit fears and commodity prices headed south.
Europe close: Stocks end week on a down note
European stocks slipped on Friday, with little in the way of corporate or macroeconomic news to drive markets as investors continued to keep an eye on oil prices.
Symphony International reports second quarter increase in NAV
Symphony International reported a 4. 3% increase in its net asset value for the three months ending on 30 June, in comparison to the previous quarter, to reach $712. 5m.
Volkswagen to invest in tech start-ups after emissions scandal
In a bid to recover from the diesel emissions scandal German automotive giant Volkswagen is turning to technology startups in Silicon Valley.
Sector movers: Evraz and Glencore pace losses
Industrial Metals and Mining companies' shares bore the brunt of selling at the end of the week, with Evraz and Glencore in turn the worst performer in their respective sectors.
FTSE 250 movers: Kaz Minerals surges again; Evraz slumps
London’s FTSE 250 index was down 0. 1% to 17,858. 02 in afternoon trading, with volumes low as many traders were away from their desks for the summer holidays.
Cambridge Innovation Capital raises £75m
Cambridge Innovation Capital (CIC) has raised £75m of new capital that will be used to provide additional investment to the group’s current portfolio.
Estée Lauder's full year sales rise slightly but strong dollar impacts results
American beauty care manufacturer Estée Lauder reported a slight increase in full year sales but said it was negatively impacted by the strong US dollar.
Donald Trump's campaign manager Paul Manafort quits
The chairman of US Republican presidential hopeful Donald Trump quit amid a flurry of reports alleging that he might have received undisclosed cash payments from a Ukrainian political party.
Applied Materials reports sharp rise in quarterly orders, shares rise
Applied Materials reported a sharp rise in quarterly profits on the back of improvement in all its key financial metrics.
US open: Stocks drop as traders monitor oil prices, weigh earnings
US stocks were lower on Friday as oil prices wavered and traders waded through corporate earnings.
Night tube a boon to London's night time economy
After years of delays London’s underground service has finally caught up with cities such as Berlin, Barcelona and New York as the night tube takes its first ever run on Saturday.
Deere posts drop in Q3 profit but lifts FY guidance
Deere & Co. lifted its full-year forecast on Friday but posted a drop in third-quarter profit amid weakness in global markets for farm and construction equipment.
Foot Locker gains as Q2 results beat expectations
Foot Locker rallied in pre-market trade after the specialty athletic retailer’s second-quarter results surpassed expectations.
Lawyer acquitted over alleged made up charges about BP oil spill
A lawyer has been acquitted on charges he made up thousands of false clients to sue oil giant BP for damages caused by the April 2010 Gulf of Mexico oil spill.