Market Pulse
FTSE 100 movers: Housebuilders on the climb but miners crumble
London’s FTSE 100 index fell 1. 21% to 6,938. 80 in afternoon trade.
Fed's Harker would have been very comfortable with September rate hike
The US central bank will likely have enough data to back-up the need for a rate hike at its December policy meeting, a top official said, adding that the possibility of a move in November should not be dismissed either.
Burberry a 'buy' for Berenberg as outlook improves for luxury goods
On the belief the uncomfortable ride for luxury goods companies is coming to an end, Burberry was initiated with a 'buy' rating by Berenberg due to its extra opportunities for cost cutting.
Mosman makes slow progress down under
Oil exploration and development company Mosman Oil and Gas posted an update on Thursday, over its current operations and investments.
Forex benefits help Leeds Group through poor sales
Textiles importer and distributor Leeds Group investors gathered on Thursday for the company’s annual general meeting, with Jan G Holmstrom bearing bad news in his statement.
Iran deploys two warships off Yemen after US strikes
Iran sent a destroyer and logistics vessel to the Gulf of Aden and the Bab el-Mandeb Strait, off Yemen, on Thursday, according to the Tasnim news agency.
DiamondCorp suspends underground operations at Lace Mine due to fire
Miner DiamondCorp has been struck by yet another incident at its Lace mine in South Africa, which was shut down by authorities after a fire broke out on a dump truck.
US initial jobless claims remain at lowest since 1973
Initial unemployment claims in the States remained at their lowest level since the tail-end of 1973 during the latest week.
Babcock wins contract with US defence contractor General Dynamics
Support services group Babcock International has been awarded a competitive contract from US defence contractor General Dynamics Electric Boat to manufacture tactile missile tube assemblies.
Iofina on track to reach production targets for second half
Iofina, an AIM-listed specialist in the exploration and production of iodine and iodine chemical derivatives, has made progress towards achieving its target of 250-270 metric tonnes (MT) of crystalline iodine by the second half of 2016.
US import prices edge higher in September
The price of goods purchased from abroad edged higher in the States in September.
WPP buys Triad Retail Media
Media agency WPP’s wholly-owned operating company Xaxis has agreed to buy US digital retail media specialist Triad Retail Media for an undisclosed sum.
Facebook and Google collaborate in construction of Pacific internet cable
Internet giants Facebook and Google are teaming up to work on an 8,000 mile long cable connection between Los Angeles and Hong Kong in an effort to combat their blocking in mainland China.
Mixed results for Delta Airlines in Q3 earnings report
Delta Airlines fell in pre-market trading on Thursday after posting a mixed bag in its third quarter earnings report.
Sula Iron & Gold raised $400,000 to develop Sierra Leone mine
Shares in AIM-listed Sula Iron and Gold soared nearly 13% on Thursday after raising equity through a subscription of shares to develop its Frensola gold project in Sierra Leone.
Trump campaign to step up attacks on Bill Clinton
US presidential candidate Donald Trump is set to intensify his verbal attacks on Bill Clinton in the coming weeks as he aims to win back supporters from Hillary Clinton after a disastrous week of released recordings and allegations of inappropriate sexual conduct.
Anglo American close to selling Aussie coal, wins claim to iron ore mine
While its Kumba iron ore subsidiary confirmed exclusive rights to the Sishen mine in South Africa, Anglo American was reported to be close to agreeing at least a $1bn sale of its Australian coal assets.
HMRC erroneously applies to wind-up Tungsten subsidiary
Tungsten Corporation was the subject of an administrative tax error, it said on Thursday, after a notice was published in the London Gazette on 10 October regarding an application for a winding-up order made against a subsidiary, Tungsten Network Limited.
RBC Capital shifts ratings on business services sector stocks
RBC Capital Markets initiated coverage of several stocks and changed its recommendations as it took a look at the business services sector.
Ideagen signs on two major airlines and an NHS trust
Information management software supplier Ideagen announced on Thursday that over the past month it has been awarded three important contracts with new customers in “key vertical markets”, worth a combined £1. 2m.