Market Pulse
UK Q2 GDP growth revised up to 0.7%
Gross domestic product data released by the Office for National Statistics on Friday showed the UK economy grew a little more than initially estimated in the second quarter.
Brighton Pier Group's full-year revenue remains nearly flat
The owners of Brighton’s most popular attraction, the Brighton Pier Group, reported that revenue remained flat during a “transformational year” that saw the acquisition of its namesake iconic landmark.
Manx Financial Group shares drop on first half results
Financial services company Manx Financial Group announced its interim results for the six months to 30 June on Friday, with profit before income tax on continuing operations growing 2% to £0. 81m, from £0. 79m.
Chinese manufacturing growth edges higher in September
China´s manufacturing sector growth edged higher in September, amid stable new business from abroad.
RBC upgrades Burberry to 'sector perform'
RBC Capital Markets upgraded Burberry to ‘sector perform’ from ‘underperform’ and lifted the price target to 1,400p from 1,200p as it upped its earnings per share forecasts, largely due to a bigger FX tailwind.
China Nonferrous Gold reports period of serious development
Mineral exploration and development company China Nonferrous Gold announced its interim results for the six months to 30 June on Friday - a period in which it earned nil revenue as it continued its development activities.
London open: Deutsche Bank knocks Footsie off its perch
London stocks started the session sharply lower amid growing concerns about Deutsche Bank and the broader financial sector.
QinetiQ extends £109m MOD contract at Portsmouth test facility
FTSE 250 defence technology company QinetiQ extended its contract with the Ministry of Defence for a over a decade, which secured 250 jobs at the Portsmouth warship integration and test facility.
Europe open: Stocks in the red as Deutsche Bank tumbles
European stocks fell in early trade, with bank issues pacing the decline as worries about Deutsche Bank intensified.
Goldman upgrades Capita, says poor outlook now in price after Thursday's slump
Goldman Sachs upped its stance on outsourcer Capita to ‘neutral’ from ‘conviction sell’ but cut the price target to 771p from 987p following the company’s profit warning on Thursday.
Speedy Hire sees H1 revenue and profit ahead of last year
Tools, equipment and plant hire services company Speedy Hire said revenue and pre-tax profit for the first half are expected to be ahead of the previous year, while profit for the full-year will likely be ahead of its previous expectations.
RBS lays down ring-fencing plans
Royal Bank of Scotland Group announced its proposals to regroup its businesses and separate its essential banking services from investment banking, in order to comply with UK ring-fencing legislation, on Friday.
Plus500 gets operating licence in Israel
Contracts-for-difference trading platform Plus500 has been granted a licence to operate an online trading platform for retail customers to trade CFDs by the Israel Securities Authority, the national securities regulator for the State of Israel.
Grainger to buy build-to-rent development in Leeds for £40m
FTSE 250 listed residential landlord Grainger is to buy a private sector build-to-rent development on the Former Yorkshire Post gateway site from YP Real Estate.
Entertainment One reports in-line trading at six-month stage
Entertainment One reported that trading had met management´s expectations at the interim stage and that full-year financial performance would meet its own forecasts.
Tullow Oil confirms it can claim for Jubilee field issue
Tullow Oil said on Friday that it has received confirmation from its lead insurers that there is a recoverable claim with respect to the group's corporate policy for Business Interruption insurance following damage to the Jubilee turret bearing earlier this year.
IG Group to buy global news and research portal DailyFX
IG Group has agreed to buy global news and research portal DailyFX and its associated assets from FXCM Inc. for a total consideration of $40m.
Friday newspaper round-up: Deutsche Bank, Hinkley Point, consumer confidence
The US Department of Justice hopes to agree an omnibus settlement with Barclays,Credit Suisse and Deutsche Bank, extracting multibillion dollar fines from three of Europe’s biggest lenders for mis-selling mortgage securities. By grouping the three banks together into a single deal the DoJ hopes to achieve maximum public impact by collecting an eye-catching sum in penalties from the trio just weeks before the US presidential election. – Financial Times.