Market Pulse
US close: News of FBI probe into Clinto e-mails weighs on Wall Street
Traders were sent scurrying at the end of the week after news broke that the FBI had reopened an investigation into the use of an unauthorised email server by Hillary Clinton when she was US Secretary of State.
Directors dealings: Blackrock Smaller Companies Trust´s non-exec buys in
Robert Robertson, a non-executive director at Blackcrock´s Smaller Companies Trust, picked up 5,000 shares at an individual price of 901p, for a total consideration of £45,050.
FX round-up: US dollar ends week on a down note
A widely-followed gauge of the US dollar´s strength ended the session noticeably lower following news that the University of Michigan´s gauge of consumers´ inflation expectations over five to 10 years out dipped from 2. 6% to 2. 4%.
Friday newspaper share tips: Henderson Group, Relx
Should I stay or should I go? In the case of investors in Henderson Group mulling whether to bail-out ahead of the proposed merger with Janus Capital, The Times´s Tempus recommended the former option.
Commodities: OPEC meeting hits snag as Iraq and Iran refuse to cut
News that the US Federal Bureau of Investigation had reopened an investigation into the use of unauthorised electronic mail servers by ex-Secretary of State Hillary Clinton sent the green back rapidly lower and in turn put an unexpected bid into precious metals.
FBI reopens investigation into Clinton e-mails
America´s Federal Bureau of Investigation reopened an investigation into the use of an unauthorised e-mail server by ex-US Secretary of State and presidential candidate Hillary Clinton.
Former CEO of Co-op Bank banned from professional accounting body
Former chief executive of Co-operative Bank has admitted to misconduct over the near collapse at the lender leading to a six-year ban from his membership of the Institute of Chartered Accountants in England and Wales (ICAEW).
Europe close: Shares end week on a mixed note
European stocks were mostly lower on Friday following some disappointing corporate releases despite a better-than-expected reading on thuird quarter US gross domestic product.
Small cap round up
Indonesia-focused upstream oil, gas and power company Andalas Energy and Power announced its preliminary results for the year ending 30 April on Friday, a year in which it transitioned its focus towards Indonesia, targeting opportunities arising from the country’s electrification shortage. The AIM-traded firm said during the period, it made a loss of $4. 67m, widening from $122,000 in the prior year.
Metal Tiger says testing for extensions underway in Botswana
Investor in strategic natural resource opportunities Metal Tiger updated the market on Friday, with regard to the exploration programme at its joint venture project with partners MOD Resources in the Kalahari Copper Belt in Botswana.
Coal of Africa still looking for cash-generating asset
South-Africa focused Coal of Africa updated the market on the quarter ended 30 September on Friday.
FTSE 100 movers: IAG flies higher after Q3 numbers
London’s FTSE 100 was up 0. 1% to 6,994. 38 in afternoon trade.
ExxonMobil suffers 38% profit reduction as it struggles with falling oil prices
ExxonMobil followed rivals Chevron on Friday by reporting a huge quarterly loss as oil corporations struggle to deal with the falling price of the commodity.
Cluff Natural Res to concentrate on farm-out of its advanced North Sea licenses
Oil and gas investment company Cluff Natural Resources said it is to concentrate on the farm-out of its advanced licences and that it will reapply for its 50% owned licences in the Southern North Sea.
US open: Stocks waver as GDP grows more than expected
US stocks wavered on Friday as data revealed that gross domestic product rose at the fastest pace in two years, raising expectations the Federal Reserve will hike interest rates in December.
Results round-up
International Consolidated Airlines Group posted its group consolidated results for the nine months to 30 September on Friday, with third quarter operating profit €1. 21bn before exceptional items, down from €1. 25bn a year ago.
Chevron profit plummets but earnings trounce estimates
US oil corporation Chevron saw its quarterly profit plunge 35% from the corresponding quarter last year, but earnings were still well above analysts estimates for the period.
Secure Income REIT buys 55 Travelodge Hotels for £196m
AIM-listed Secure Income Real Estate Investment Trust has completed the £196m acquisition of a portfolio of 55 Travelodge Hotels.
Mayan Energy raises £1.25m in placing
Oil and gas company Mayan Energy announced on Friday that it has completed a placing of 7,246,376,812 new ordinary shares of no par value each, at a placing price of 0. 01725p to raise gross proceeds of £1. 25m.
