Market Pulse
Braemer Shipping works against adverse market conditions
Braemer Shipping, a provider of technical expertise and professional marine and energy services, plans to restructure the business after reporting a poor performance during the first half due to harsh market conditions.
US on alert after Friday cyber attacks on Twitter, Spotify
Officials in the United States have said they are stepping up cyber security following Friday's attacks which left several high-profile sites unavailable.
Target Healthcare acquires Tonbridge care home for £12m
Specialist care home investor Target Healthcare REIT announced on Tuesday that it has completed the acquisition of a purpose built care home in Tonbridge, Kent for approximately £12. 2m including acquisition costs.
Sirius Minerals enters into royalty financing agreement with Hancock Prospecting
AIM-listed fertiliser development company Sirius Minerals has entered into a royalty financing agreement for its North Yorkshire polyhalite project with Hancock British Holdings, a subsidiary of an Australian mineral explorer.
Madrid launches bid to entice companies relocating due to Brexit
Competition to attract business turned off by the idea of a post-Brexit Britain has been hotting up, and Madrid is the latest European hub to throw its hat in the ring, offering affordable property, a highly-skilled workforce and flexible labour laws.
BoE will not cut Bank Rate in November, HSBC says
HSBC pulled its forecast for further monetary easing from the Bank of England.
Pantheon confirms drilling completion at Polk County well
Oil and gas exploration company Pantheon Resources announced the completion of drilling activities, and planned flow testing, at VOBM#3 well, Polk County, onshore East Texas on Tuesday.
Segro boosted by Barclays upgrade
Segro got a boost on Tuesday as Barclays lifted the stock to ‘overweight’ from ‘equalweight’ and upped the price target to 520p from 450p, saying the company was the largest and most liquid way to play the logistics investment theme.
Whitbread wilts as sweeter dividend masks Costa concerns
Whitbread sprinkled a 5% dividend hike on a strong set of interim results, but investors overlooked acceleration at the Premier Inn hotels arm to focus on a dip in profits from Costa coffee shops.
Countrywide slumps on Jefferies downgrade
Countrywide was under the cosh on Tuesday as Jefferies downgraded the stock to ‘hold’ from ‘buy’ and slashed the price target to 180p from 300p.
Clinigen Group extends partnership with BTG
AIM-listed pharmaceutical Clinigen Group’s Idis Global Access division extended its four-year partnership with BTG, a healthcare company, to manage its critical care portfolio across the whole of Europe and new territories in Asia.
Deutsche Bank lifts target price for Barclays ahead of quarterly results
Analysts at Deutsche Bank lifted their target price on shares of Barclays ahead of the lender´s third quarter figures due out on 27 October.
Sabien Tech's revenue falls but sales pipeline recovers
AIM-listed Sabien Technology Group, a manufacturer of endotherm boiler energy efficiency technologies, reported that full-year revenue fell by nearly 50% but its sales pipeline has increased due to a change in its policy.
Anglo American pleases with production report
Anglo American delivered a third quarter production report showing increased diamond, nickel and iron ore output and lower copper in-line with expectations, with full-year guidance mostly reiterated.
Norsk Hydro earnings down but board remains confident
Norsk Hydro posted a trading update on Tuesday, with underlying earnings before financial items and tax declining to NOK 1. 48bn in the period, down from NOK 1,62bn in the second quarter.
Shoe Zone's revenue to rise as it closes loss making stores
Shares in AIM-listed value retailer Shoe Zone rose over 15% on Monday as it reported that its full year revenue is expected to increase, while it closes loss making stores.
Glencore extends rally after coal contract boost
Glencore hit a 15-month high on Tuesday after news emerged that it had agreed a much improved coal deal with an important Japanese buyer.
Europe open: Stocks rise as miners, earnings provide a boost
European stocks rose in early trade, boosted by a strong showing in the mining sector and some well-received earnings.
St. James´s Place reports 21% jump in third quarter gross inflows
St. James´s Place reported a 21% rise in gross inflows for the latest three-month stretch to reach £2. 8bn, with the political uncertainty after the referendum not having had any distinguishable impact on its day-to-day business.