Market Pulse
US close: Stocks rise as Yellen argues benefits of tight labour market
Wall Street finished slightly higher on Friday as Federal Reserve chair Janet Yellen said she sees some benefit to allowing inflation to run above the central bank’s 2% target.
Sector movers: Tesco leads cyclicals higher, pharma drags
Cyclicals took over from defensives, with Tesco spearheading gains among food and drug retailers while pharma stocks acted as the main drag.
Janet Yellen sets stage for policy debate
Federal Reserve chair Janet Yellen delivered a speech at the end of the week which some market observers characterised as implicitly more 'dovish' than her speech following the US central bank's 21 September policy meeting.
Europe close: Gains in banks lifts indices
European stocks rose on Friday, supported by encouraging Chinese inflation figures which helped to ease concerns over the world’s third-largest economy and on the back of better than expected results from US banking heavyweights Citigroup and JP Morgan Chase .
Goldman Sachs wins $1.2bn legal suit against Libyan investment fund
US investment bank Goldman Sachs has triumphed in a legal dispute with Libya's sovereign wealth fund after a High Court judge in London found that the company did not exert undue influence in a group of transactions though which the fund lost more than $1bn.
Directors dealings: Nanoco chairman adds to stake
Nanoco's non-executive chairman picked up £29,999. 92-worth of shares in the company for his wife on 14 October, the company said in a statement.
Ambrian to shut down metals trading business
AIM-listed commodities trading and logistics company Ambrian is to close its metals trading business due to the “prevailing uncertain business environment” in the sector.
Ergomed to benefit from Zoptrex Australasia deal
Specialised pharmaceutical services company Ergomed announced on Friday that its co-development partner, Aeterna Zentaris, has signed an additional licensing agreement for Zoptrex.
Obama accuses Republicans of "feeding" Trump base for years
US president Barack Obama has accused Republican lawmakers of weak leadership, and suggested they now cannot control the state of their party as Donald Trump's campaign to become the next occupant of the White House seems to be imploding.
Week ahead: UK data in focus
From Tuesday onwards, traders will be watching out for the release of a raft of top-tier indicators related to the British economy, including data on consumer prices, the labour market, retail sales and public finances starting.
FTSE 250 movers: Man Group surges on acquisition, FUM; Aggreko drops on downgrade
London’s FTSE 250 index was up 0. 6% to 17,988. 78 in afternoon trade.
Deutsche Bank considering thousands more layoffs
Faced with the threat of multi-billion dollar fines, Deutsche Bank has set out contingency plans to more than double the headcount reductions which it carried out last year, Reuters reported.
US open: Stocks gain on better-than-expected bank earnings
US stocks gained on Friday as investors cheered better-than-expected results from banking heavyweights JPMorgan Chase, Citigroup and Wells Fargo, with solid US retail sales figures and encouraging Chinese data also lending support.
Inventories continued to pile up at US retailers in August
US business inventories edged past forecasts in August as product stockpiles at retailers rose sharply amid a drop in sales in that same sector.
FTSE 100 movers: Tesco surges, Unilever slumps after Great Marmite Stand-Off
The FTSE 100 was trading higher on Friday afternoon, as investors breathed a sigh of relief that over the end of the Great Marmite Stand-Off.
Friday newspaper share tips: Booker, Premier Oil, Hargreaves Lansdown
Shares in Booker are worth holding onto notwithstanding the high multiple on which they are trading, The Times's Tempus said.
Aureus Mining raises $72m to fund transition
Aureus Mining announced on Friday that it has conditionally raised approximately $72m via an equity fundraising to finance its transition to an owner-operator mining model, repay amounts due to Nedbank and FirstRand Bank, and to strengthen its balance sheet.
Red Rock Resources sees production begin at Shoats Creek
Red Rock Resources posted an update over its Shoats Creek Field in Beauregard Parish, Louisiana on Friday, saying it has been advised by the operator that gas production has begun from the Lutcher Moore 20 well.
Fed´s Rosengren reiterates call for rate hike
The US economy was near full-employment with inflation close to the central bank´s target, so the Federal Reserve should raise rates, a top monetary policy maker reportedly said.
US producer prices jump past forecasts in September
Factory gate inflation in the States picked up noticeably in September amid a jump in energy prices.