Market Pulse
Consort Medical's Bespak inks new agreement
Consort medical, a global single source drug and Delivery device company (CDMO), has announced that its Bespak division has entered into an agreement with a biopharmaceutical company.
Wells Fargo beats on first earnings report since unauthorised accounts scandal
Under-fire US bank Wells Fargo has beaten analysts' expectations in its first earnings report since news broke of its fake account scandal, but profits fell as expected.
Grafenia's sales improve 'significantly' but remains cautious
Shares in AIM-listed Grafenia Group tumbled over 11% on Friday as the web and print supplier said sales in September had improved “significantly” but remained cautious after trading in July was below last year’s level.
Elizabeth Warren tells Obama to sack SEC chief White
US senator Elizabeth Warren has called on President Barack Obama to take action against the head of the Securities and Exchanges Commission Mary Jo White, in her latest attack on big market influence on Washington.
Results round-up
AIM-listed housebuilder Inland Homes' full-year revenue fell but the company pointed to a number of developments in the pipeline including a new joint venture with a local authority, adding that it was unaffected by Brexit uncertainty arisen since the referendum result.
US retail sales rise 0.6% in September
US retail sales rose in September, according to data from the Commerce Department.
Freeport-McMoran to sell onshore California oil & gas properties for $742m
US metals and mining group Freeport-McMoran has agreed to sell its onshore California oil and gas properties to Sentinel Peak Resources California for $742m.
Citigroup's Q3 earnings beat expectations
Citigroup reported a drop in third-quarter earnings and revenue on Friday, but the figures were ahead of analysts’ forecasts.
The only alternative to hard Brexit is no Brexit, says Donald Tusk
The only alternative to hard Brexit - a complete break from the EU and membership of the single market - is no Brexit, the European Council president said on Thursday.
JP Morgan Chase beats forecasts despite decline in profits
US investment bank JPMorgan Chase has beaten analysts' estimates with its third quarter earnigns report, although it did see a decline in profits during the period when compared to last year.
Catalyst Media Group expecting small loss thanks to SIS
Catalyst Media Group updated the market on Satellite Information Services Holdings, in which it has 20. 54% interest, on Friday, with the company showing revenues of £227. 9m for the year to 31 March 2016, down from £229m in the prior year.
DCC Tech to buy Hammer Consolidated Holdings for £38m
Support services company DCC’s technology division is to buy Hammer Consolidated Holdings, a server and storage solutions reseller, for about £38m.
Europe midday: Basic resources lead the gains on China data
European stocks rose on Friday, supported by encouraging Chinese inflation figures which helped to ease concerns over the world’s second-largest economy.
DiamondCorp issues dire warning over its solvency
Further to the announcements of 12 and 13 October, in which described production issues and a shutdown notice, DiamondCorp announced on Friday that the third party it was in advanced discussions with for the provision of a convertible debt facility, has withdrawn due to the adverse movement in the company's share price.
PNC Financial´s loan loss provisions to energy companies fall in Q3
PNC Financial Services saw net income improve versus the prior period alongside lower loan loss provisions to energy companies.
Elegant Hotels Group agrees management contract for first Antigua hotel
AIM-listed Elegant Hotels Group, an operator of six upscale hotels and a beachfront restaurant in Barbados, reported that it had agreed a new management contract in Antigua while experiencing low bookings due to political uncertainties in the UK arisen from the Brexit result.
Trump comes out fighting, denying sexual misconduct allegations
Donald Trump has denied allegations that he has committed sexual misconduct against a variety of women, and claimed that it was part of a campaign against him launched by Hillary Clinton.
HP to cut 4,000 jobs worldwide in the next three years
US computer firm HP is expected to lay off between 3,000 and 4,000 workers in the next three years, the company has announced.
Euro area trade surplus widens more than expected in August
The euro area´s trade surplus recovered in August amid a large increase in exports.
Asia report: Markets mostly higher as Fed concerns increase
Asian markets finished mainly higher on Friday, with investors reacting to the prospect of an interest rate hike in the US this year, as well as data showing price increases in China.