Market Pulse
Schlumberger beats profit expectations in Q3
The world's largest oilfield services provider Schlumberger has reported quarterly earnings which beat expectations.
General Electric cuts forecast as it misses on third quarter revenue
Industrial behemoth General Electric has been forced to cut its sales growth forecast for 2016 on the back of falling demand attributed to a sluggish economy.
Mercom Capital reveals discussions with Calvet International
Mercom Capital announced on Friday that it is in discussions regarding an indicative proposal from Calvet International.
Kolar Gold's JORC compliant resource increases at India mine
AIM-listed miner Kolar Gold reported that the resource at its Indian mine has increased since earlier this year due to improvements at the site and the addition of the underground prospect.
Immunodiagnostic Systems expects stable revenues
Immunodiagnostic Systems Holdings, the AIM listed specialist producer of manual and automated diagnostic testing kits and instruments for the clinical market, expects its revenue for the full year to be in line with the previous period.
Ixico's income falls slightly but has a number of contracts in the pipeline
AIM-listed Ixico’s income for the year fell, but the brain health company has a number of contracts with pharmaceuticals in the pipeline and a “strong” balance sheet.
European Metals releases positive concentration testwork results
European Metals Holdings announced the completion of the concentration testwork for lithium as part of its ongoing pre-feasibility study.
Bushveld Minerals completes £0.75m placing
Bushveld Minerals announced on Friday that it has placed 53,571,430 new ordinary shares of 1p each in the company, at a price of 1. 4p each, raising gross proceeds of £0. 75m.
Europe midday: Stocks waver amid earnings as euro weakens
European stocks wavered as investors sifted through more earnings, with the euro still under pressure against the dollar following European Central Bank chief Mario Draghi’s comments on Thursday.
London midday: Stocks rise as investors shrug off bigger UK deficit
London stocks rose on Friday as oil prices recovered and as investors shrugged off weak data on Britain’s public finances.
Petrofac confirms appointment of Alastair Cochran as CFO
Petrofac confirmed the appointment of Alastair Cochran as chief financial officer and executive director, succeeding Tim Weller, with effect from Thursday 20 October.
UDG Healthcare buys STEM Marketing for up to £84m
UDG Healthcare has acquired STEM Marketing, a provider of commercial, marketing and medical audits to pharmaceutical companies, for up to £84m in a deal that is expected to be immediately accretive to earnings.
Asia report: Mother nature sends markets downwards
Asian markets finished Friday mostly in the red, with a string of natural disasters hitting the region - a typhoon in Hong Kong and the Philippines, and an earthquake in Japan.
US pre-open: Stocks seen touch weaker ahead of more earnings, Fed speeches
US futures pointed a marginally weaker open on Wall Street as investors eyed the release of more earnings reports and speeches by Federal Reserve officials.
Ottoman Fund's former CFO indicted for alleged theft of $1m
AIM-listed Ottoman Fund’s former chief financial officer Ahmet Sinan Kalpakçıoğlu has been indicted for alleged aggravated theft of over $1m by a Turkish court.
InterContinental Hotels revenue growth hit by FX in Q3
FTSE 100 InterContinental Hotels Group's third quarter revenue increased with a strong performance seen in China, but was affected by the strength of the US dollar and volatility in foreign exchange markets.
Trump jeered at bipartisan Catholic fundraiser after Clinton jibe
The US presidential election campaign stooped to a new low on Thursday night as the normally laid-back Alfred E Smith Catholic fundraiser was filled with jeers as candidates Donald Trump and Hillary Clinton exchanged insults.
Michelmersh Brick Holdings set back by falling prices
Michelmersh Brick Holdings, an AIM listed specialist brick manufacturer and landfill company, have fallen behind on achieving their expected pricing gains in the second half due to average selling prices falling short and a rise in competition.
Jubilee Platinum's Q3 chromite concentrate production rises
AIM-listed explorer Jubilee Platinum’s subsidiary Jubilee Tailings Treatment Company reported that chromite concentrate production rose during the third quarter while construction of a platinum processing plant “continues to progress to schedule”.
Sierra Rutile production well ahead in third quarter
Sierra Rutile posted an operational update for the third quarter of 2016 on Friday, with strong quarterly production at 43,081 tonnes of rutile.