Market Pulse
Petro Matad's Shell affiliate farm-out exit fee contributed to H1 profit
Mongolian oil explorer Petro Matad reported that the farm-out exit fee received from Royal Dutch Shell’s affiliate contributed to the company’s interim half year profit.
Brent crude oil futures will hit $70 per barrel in June 2017, BofA says
Crude oil prices were set for a large move higher in 2017 as demand from emerging market economies makes up for a slowdown from OECD nations, analysts at Bank of America-Merrill Lynch said.
IPPlus expects to report modest FY pre-tax profit
AIM-listed IPPlus said it expects to report improved revenue and a modest profit before tax for the full year following better top-line trading.
AB InBev to cut 3% of workforce after merger
Belgian brewer Anheuser-Busch InBev said on Friday that its merger with SABMiller could result in thousands of job losses.
Europe midday: Stocks nudge lower; all eyes on Yellen
European stocks edged lower on Friday as investors awaited a speech by Federal Reserve Chair Janet Yellen at Jackson Hole.
London midday: Stocks flat after UK GDP as traders await Yellen speech
London stocks were flat on Friday as official data showed second quarter UK economic growth accelerated in line with expectations and as investors awaited a speech from Federal Reserve chair Janet Yellen.
US pre-open: Stocks seen flat ahead of Yellen speech
US futures pointed to a muted open on Wall Street, where all eyes will be on Federal Reserve Chair Janet Yellen’s speech at Jackson Hole.
French consumer confidence edges higher in August
French consumer confidence edged higher in August, with people judging that their personal financial situation had improved in the recent past.
Asia: Stocks mixed after Japan inflation, before Jackson Hole
Asian stocks were mixed on Friday as traders digested worse-than-expected core Japanese inflation data and awaited the Federal Reserve’s Jackson Hole conference.
Speedy Hire sells large mechanical plant fleet for GBP14.4m
Tools, equipment and plant hire services company Speedy Hire announced the sale of its large mechanical plant fleet for £14. 4m in cash to Ardent Hire Solutions.
SocGen downgrades CRH on outperformance, but says equity story still attractive
Societe Generale downgraded its recommendation on building materials group CRH to ‘hold’ from ‘buy’ following the stock’s outperformance.
Consumer confidence bounces back in August after Brexit vote
Consumer confidence in Britain rose at its fastest monthly pace since 2013, which suggested people were taking the economic effects from voting to leave the European Union in their stride.
Morgan Stanley ups Amec Foster to 'overweight'
Morgan Stanley upgraded Amec Foster Wheeler to ‘overweight’ from ‘equalweight’ and bumped up the price target to 700p from 500p saying restructuring should outweigh disposals.
UK second-quarter GDP growth confirmed at 0.6%
UK gross domestic product growth was confirmed at 0. 6% for the second quarter, according to the second estimate from the Office for National Statistics.
Restaurant Group swings to loss, to close 33 outlets
Restaurant Group swung to a pre-tax loss in the first half on the back of restructuring costs, while like-for-like sales fell and the company announced the closure of 33 outlets.
Berenberg upgrades BAE Systems to 'buy'
Berenberg upgraded BAE Systems to ‘buy’ from ‘hold’ and lifted the price target to 580p from 520p.
London open: Stocks drift lower ahead of key speech by Fed´s Yellen
London stocks started the session marginally lower on Friday as investors eyed a speech by Federal Reserve chair Janet Yellen at Jackson Hole later in the day for any clues on the timing of an interest rate hike.
Europe open: Stocks edge lower ahead of Yellen speech
European stocks edged lower in early trade as investors awaited a speech by Federal Reserve Chair Janet Yellen at Jackson Hole.
Osirium Technologies wins 'significant' contract with asset manager
AIM-listed cyber-security software provider Osirium Technologies has won a “significant” contact with an unnamed global asset management company.
The time is right for a Fox take-over of Sky, Macquarie says
The time was ripe for Fox to pick-up the 61% of Sky which it did not already own, following the 32% year-to-date share price drop in the shares of latter is US dollar terms, analysts at Macquarie said.