Market Pulse
US pending home sales rise more than expected in September
US pending home sales jumped more than expected last month thanks to a robust increase in the West and a healthy push higher in the South, according to data from the National Association of Realtors.
Mercia Technologies puts another £1m into Oxford Genetics
Innovative technology business investor Mercia Technologies announced a follow-on investment of £1m into Oxford Genetics, a synthetic biology company with significant expertise in DNA design, on Thursday.
US open: Stocks climb as earnings season continues
US stocks climbed on Thursday, as the quarterly earnings season continued with a wave of results from Twitter, Tesla, and ConocoPhillips.
Qualcomm confirms $47bn deal to buy Dutch rival NXP
US technology firm Qualcomm is set to acquire its Dutch rival NXP Semiconductors for $37bn, with the price rising to $47bn when debt is included.
Results round-up
Barclays reported a rise in third-quarter pre-tax profit as it benefited form a strong performance in its fixed trading division.
FTSE 100 movers: Barclays gains on Q3; airlines fly lower
London’s FTSE 100 was up 0. 3% to 6,975. 48 in afternoon trade.
Amerisur Resources confirms OBA pipeline operational
South America-focused oil and gas producer and explorer Amerisur Resources announced on Thursday that the regulatory agency of Ecuador, ARCH, has issued a decree to Petroamazonas EP for the operation of the OBA system in Ecuador.
Ford sees profits fall 56% due to recall costs
US automaker Ford Motor made a solid beat on its earnings for the third quarter, but net income still fell 56% due to recall expenses incurred from a batch of domestic vehicles with faulty door latches.
Jobless claims drop less than expected
The number of Americans filing for unemployment benefits fell less than expected last week, according to data released by the Labor Department.
Nissan to build two new models at Sunderland plant
Nissan will build two new models at its Sunderland plant, in the first major investment decision by a carmaker since the Brexit vote.
Telefonica slashes 2016 and 2017 dividend payouts
Telefonica cut its dividend payouts for 2016 and 2017 following its inability to sell-of some of its assets, in a bid to ward off a ratings downgrade.
ServicePower signs new three-year deal with BrandsMart USA
Mobile workforce management software provider ServicePower Technologies announced on Thursday that it has signed a new three-year contract with BrandsMart USA for its ServiceScheduling, ServiceOperations and ServiceGPS products.
Mineral & Financial investment posts promising test results
Mineral & Financial Investment was celebrating success at one of its investments on Thursday, as TH Crestgate updated the market on its activities.
Twitter to lay off 9% of workforce amid revenue and earnings beat
Microblogging site Twitter has posted revenue and earnings which exceeded analyst estimates, but also announced plans to lay off around 9% of its total workforce.
Barclays posts rise in third-quarter profit
Barclays reported a rise in third-quarter pre-tax profit as it benefited form a strong performance in its fixed trading division.
SocGen downgrades IAG to 'hold'
Societe Generale downgraded its stance on British Airways and Iberia parent International Consolidated Airlines to ‘hold’ from ‘buy’ and cut the price target to 420p from 500p.
Goldplat posts solid production numbers as improvements continue
African gold producer Goldplat posted an operations update for the three months to 30 September on Thursday, with overall production of 9,129 ounces of gold and gold equivalents achieved during the quarter.
Thursday broker round-up
Debenhams: JP Morgan keeps at underweight with a target price of 54p.
MedaPhor supplies six more units to University of Derby
Advanced ultrasound skills training simulator provider MedaPhor Group announced on Thursday that the University of Derby has purchased an additional six ScanTrainer ultrasound simulators for its new Ultrasound Simulation Suite, which it said will act as a learning centre for students on the University's ultrasound master's degree courses.
US pre-open: Stocks seen touch higher amid earnings avalance
US futures pointed to a marginally firmer open on Wall Street as investors braced for more earnings reports and some key data releases.