Market Pulse
US manufacturing ISM slips into contraction terrritory
Growth in the US economy’s manufacturing sector slipped a lot more than expected in August, moving into contraction territory, according to figures from the Institute for Supply Management (ISM).
Joy Global sees subdued mining investment in 2017
Joy Global shares drifted lower after it posted its fiscal third quarter results, falling short of analysts´ estimates on a combination of challenging conditions in emerging economies and marginal growth in developed ones.
US construction spending sags in July
US construction spending was flat in July as public outlays dropped sharply.
FTSE 250 movers: Diploma soars while Hays slumps
The FTSE 250 was just above the waterline on Thursday afternoon, as the pound strengthened and shares of commodity producers continued to slump.
South Africa's Famous Brands gobbles up Gourmet Burger Kitchen
South Africa’s Famous Brands, the owner of Wimpy, has agreed to buy Gourmet Burger Kitchen in a £120m deal.
FTSE 100 movers: Housebuilders rally; Hikma, BHP go ex-div
London’s FTSE 100 index was trading down 0. 2% to 6,765. 41 in afternoon trade.
US initial jobless claims rise less than forecast
US jobless claims rose less than expected last week, the Labor Department revealed on Thursday.
Merlin Entertainment shares dip on new Alton Towers ride scare
Shares in Merlin Entertainments dropped sharply on Thursday afternoon as reports of a Smiler roller coaster scare at its Alton Towers theme park, which only recently reopened after a crash that left five customers seriously injured.
Horizon Discovery signs development agreement with Ventanta
Gene editing technologies company Horizon Discovery Group announced on Thursday that it has entered into a co-development and commercialisation agreement with Ventana Medical Systems, a member of the Roche Group.
Apple's Cook plans offshore cash repatriation during 2017
Apple could repatriate several billion dollars of its enormous overseas cash reserves to the US in 2017, chief executive Tim Cook said on Thursday.
Kibo Mining turns Sanderson debt into equity
Tanzania-focused mineral exploration and development company Kibo Mining announced on Thursday that it has re-negotiated terms for the payback of a £1. 5m loan facility provided by Sanderson Capital Partners in March.
Government throws £20m at Go-Ahead's Southern problem
Westminster sent in a so-called ‘hit squad’ to deal with the struggling Southern Railway franchise on Thursday, as passengers continued to face severe disruption on the ailing operation.
Campbell Soup drops in pre-market trade as Q4 disappoints
Campbell Soup shares slid ahead of the open after the producer of canned soup’s fourth-quarter results disappointed.
ProPhotonix to show off full LED curing range
LED illumination systems and laser diode modules designer and manufacturer ProPhotonix announced on Thursday that it will be exhibiting its range of UV LED curing systems at Label Expo Americas in the middle of September.
Stratex appoints Marcus Engelbrecht as CEO
Gold and base metals exploration and development company Stratex International announced on Thursday the appointment of Marcus Engelbrecht to the board and as chief executive officer, replacing current CEO and founder director Dr Bob Foster, who is retiring after more than 10 years.
Redde close to recapturing five year high on positive outlook
Redde shares resumed their climb towards five-and-a-half-year highs after the accident management support services group posted strong final results and said it remains confident about the outlook for the next financial year.
Europe midday: Stocks kick the month off on a positive note
European stocks kicked off the month of September on a positive note, with miners providing support as investors digested some mixed Chinese data.
Jaywing to buy Bloom Media for £2.41m after AIM share placing
Data science marketing agency Jaywing is to buy Bloom Media for £2. 41m after a share placing on AIM, the London Stock Exchange's junior market.
Herencia Resources begins 'reinvigoration' of board
Herencia Resources confirmed on Thursday that it has commenced a process of restructuring, which will involve the appointment of two new Directors over the next week to oversee Herencia's reestablishment as “a viable junior exploration and development company”.
Samsung halts Galaxy Note 7 shipments after smartphone 'explosions'
Samsung Electronics shares took a hit after it admitted delaying shipments of its new Galaxy smartphone due to some consumer reports of handsets catching fire due to exploding batteries.