Market Pulse
Rank Group reaffirms FY expectations as it reports flat revenue
Rank Group, which operates Grosvenor Casinos and Mecca bingo halls, reported flat interim revenue on Friday as it reiterated its full-year expectations.
US pre-open: Stocks to rise on China data but bank earnings the main focus
US futures pointed a positive open on Wall Street following the release of encouraging Chinese inflation figures, although there was the potential for volatility with the likes of Citigroup, JPMorgan Chase and Wells Fargo due to report their earnings before the opening bell.
Verizon may call for new Yahoo negotiations after hack
A top lawyer for Verizon Communications has said that it is looking into reopening talks with Yahoo over its proposed acquisition of the internet company, after the disclosure of the hack of 500 million email accounts.
Inland Homes's revenue falls but 'largely unaffected by Brexit'
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.
UK construction output falls sharply in August
Construction output in the UK fell sharply in August.
EU Supply extends agreement with Ireland government
E-procurement software provider EU Supply announced on Friday that it has signed an addendum to the agreement with the Minister for Public Expenditure and Reform in Ireland to develop certain enhancements to the Irish Government's national eProcurement platform.
Beowulf Mining offloads Grundtrask gold licences
Mineral exploration and development company Beowulf Mining announced the divestment of its Grundtrӓsk gold exploration licences on Friday.
VGG shareholders approve Shanks merger
Shanks said on Friday that shareholders of Dutch waste collection company van Gansewinkel Groep B. V. (VGG) have approved the merger between the two.
Milestone launches new digital platform and fundraising campaign
Milestone, an AIM-listed provider of digital media and technology solutions, announced the launch of its Alchemy digital media platform and the start of its first social impact fundraising campaign, Divert.
LightwaveRF secures financing to conclude new product development
Connected devices and internet-of-things platform provider LightwaveRF announced on Friday it has entered into an agreement with its principal shareholder, Committed Capital Financial Services, for a loan of £150,000.
SRT receives sizeable order from Saudi Arabia
Maritime domain awareness technology provider SRT Marine Systems announced on Friday that it has received an initial order and first payment for the supply of AIS vessel monitoring transceivers for deployment in Saudi Arabia.
Qatar Investment Fund growth marginally ahead of index
Qatar Investment Fund issued its third quarter investment report to 30 September on Friday.
Samsung facing $5.3bn hit to profits due to Note 7 debacle
Electronics giant Samsung is likely to be hit by another setback in its failed Galaxy Note 7 device, with the company expecting to lose around $5. 3bn from the withdrawal of the product.
William Hill rallies as Parvus opposes Amaya deal
William Hill rallied after shareholder Parvus Asset Management said late on Thursday that it opposed the bookmaker’s £4. 5bn merger with Canada’s Amaya.
Electra Private Equity to migrate to a corporate structure following review
After a review of Electra Private Equity’s investment strategy, policy and structure the company is to return control of all functions to the board in order to create value for shareholders, while switching to a corporate structure.
Man Group FUM up 6%, buys real asset manager Aalto
Man Group surged on Friday after the FTSE 250 hedge fund manager reported a jump in third-quarter funds under management and announced an agreement to acquire real asset manager Aalto Invest Holding AG.
JPMorgan downgrades Mondi on lack of catalysts
JPMorgan Cazenove downgraded paper and packaging group Mondi to ‘neutral’ from ‘overweight’ following the company’s third-quarter numbers on Thursday.
Aeorema Comms' revenue falls in part due to Brexit uncertainity
AIM-listed live events agency Aeorema Communications’s full-year revenue fell slightly as a result of a “challenging market”, in part caused by Brexit uncertainty while it gained the MailOnline website as a client.
London open: Stocks rise after China steps out of deflation in September
Stocks in London started higher following the release of Chinese inflation data which analysts and economists termed encouraging and ahead of a spate of third quarter earnings reports from several of the largest US lenders due out later in the day.
Europe open: Stocks rise as investors cheer Chinese inflation data
European stocks rose in early trade, underpinned by encouraging Chinese inflation figures which helped to ease concerns about the world’s second-largest economy.