Market Pulse
Greenspan sees US rates rising, Eurozone breaking up
Low levels of interest rates in the States could not be maintained for much longer, one of the former chairmen of the US central bank said.
Europe midday: Stocks edge lower in thin volumes as investors keep eye on oil
European stocks edged lower 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.
London midday: Stocks edge lower as oil prices waver
UK equities fell on Friday as oil prices wavered and the pound reversed the previous day’s gain against the dollar.
City gives up hope of full access to single market
Westminster is leaning towards a beefed-up trade deal with the European Union along the lines of that already enjoyed by Switzerland, according to the Financial Times.
Former Labour staff urge Corbyn to respect party workers
Former Labour staff have decried the way current party staff have been publicly attacked and urged Jeremy Corbyn to respect the party’s workers, in a letter on Thursday.
William Hill rallies as Rank, 888 abandon bid; bookie upbeat on FY operating profit
William Hill rallied after Rank and 888 Holdings abandoned their bid for the bookmaker late on Thursday.
US pre-open: Stocks seen touch lower as investors continue to eye oil
US futures pointed to a slightly weaker open on Wall Street, where a lack of corporate and macroeconomic news is expected to keep trade fairly muted.
Confidence among Japanese manufacturers hits 2013 low
Confidence among Japan's manufacturers plumbed its lowest levels since 2013 in the face of a stronger currency and torpid consumer spend, according to Reuters's Tankan survey.
Berenberg reiterates 'hold' on Intertek, raises target price
Berenberg has reiterated a ‘hold’ rating on Intertek Group and raised its target price to 3,600p from 2,800p.
BP to avoid repeat CEO pay policy row
Oil giant BP is courting new investors to avoid a repeat of the pay row for its chief executive.
Speculation surfaces of possible bid for easyJet by its founder
Market chatter surfaced on Friday morning, referencing a newspaper report, regarding a possible bid for easyJet.
Brexit leaves dent in UK public finances for July
The government ran a smaller budget surplus in July than might otherwise have been the case due to the impact of the referendum vote, in turn possibly leaving less room for the Chancellor to provide stimulus, economists said.
Asia: Stocks mixed as oil prices retreat on stronger dollar
Asian stocks were mixed on Friday as oil prices retreated on a stronger US dollar and profit taking in the Americas.
Immedia Group sounds upbeat note on Subway radio uptake
AIM-listed Immedia Group said on Friday that it is seeing much higher-than-expected uptake of its Subway radio streaming platform by franchisees, further to the contract announced back in April.
Infrastrata repays loan from Baron Oil early
InfraStrata repaid its loan from Baron Oil early but modified the terms of its loan agreement, extending the latter's right to buy into its Islandmagee development in exchange for a cash payment.
Stellar Diamonds shares suspended ahead of reverse take-over announcement
Stellar Diamonds announced the LSE would suspend trading in its shares pending the announcement of a potential reverse takeover.
Independent Oil & Gas's first appraisal well at Skipper comes up dry
Independent Oil and Gas first operated appraisal well on its Skipper discovery failed to encounter hydrocarbons but confirmed the commerciality of the field, according to the company's directors.
Europe open: Stocks drift lower in quiet trade
European stocks drifted lower early on Friday in holiday-thinned trade, with little in the way of corporate or macroeconomic news to drive markets.
Work Group reports 2015 loss after 'struggling to survive'
Work Group reported another loss in 2015 as the company was “without doubt struggling to survive” in difficult trading conditions.