Market Pulse
FairFX breaks £10m barrier for monthly card loads
Budget currency payments service FairFX breaks the £10m barrier for monthly loads while turnover for the quarter increased.
Thursday newspaper share tips: Next, One Savings Bank
Shares in Next have been battered as markets price-in its exposure to the fall in the pound, which will make sourcing from outside the UK dearer, but the share price drop had been overdone, The Times's Tempus said.
Low & Bonar on track to meet expectations
International performance materials group Low & Bonar issued a trading update on Thursday, for the period since 31 May.
ISM non-manufacturing index drops more than expected in October
Service sector activity in the US deteriorated more than expected in October, according to figures released on Thursday.
Wells Fargo could lose up to $1.7bn after fake accounts scandal
California-based investment bank Wells Fargo has warned that the total cost of the fallout from its unauthorised accounts scandal could reach as high as $1. 7bn.
Earthport wins cross-border payments approval from Reserve Bank of India
AIM-listed Earthport has received approval from the Reserve Bank of India for operating cross-border payment services for banks as it expands in the country.
US service sector growth improves in October
Markit’s final US services purchasing managers’ index rose to 54. 8 in October from 52. 3 in September, above the 50 mark that separates contraction from expansion.
Christie Group brokers pub and restaurant acquisition
AIM-listed professional services company Christie Group’s business, Christie & Co, a provider of agency and advisory services, announced it had brokered the acquisition of the Chapman Group by Dominion Hospitality.
Gattaca faces fall in UK activity due to uncertainty
Gattaca, an AIM listed specialist engineering and technology recruitment agency, reported a positive year for the group but faced a slowdown in trading in the UK.
JRP total sales up 54% in third quarter
FTSE 250 annuity provider JRP posted a 54% rise in third-quarter new business sales on Thursday that beat analysts’ expectations.
Plutus PowerGen's Plymouth site brought into operation
Energy investment company Plutus PowerGen’s first power generation site in Plymouth has been brought into operation.
Barack Obama slams Trump as "temperamentally unfit" to be president
Incumbent United States president Barack Obama has once again heavily criticised Donald Trump as being unfit to serve as his successor as he campaigned for his opponent, Hillary Clinton.
RBC Capital downgrades Esure after GoCompare demerger
Esure shares tumbled on Thursday following the completion of the demerger of price comparison website GoCompare. com.
US labour productivity growth caps unit labour costs in the third quarter
American workers' productivity easily outpaced forecasts during the third quarter, dampening the increase in unit labour costs.
US jobless claims rise unexpectedly
The number of Americans filing for unemployment benefits unexpectedly rose last week, according to data released by the Labor Department.
Sovereign bond yields headed higher, Credit Suisse says
Sovereign bond yields were headed higher, analysts at Credit Suisse warned - and possibly by even more than they themselves were already expecting - even as they recommended clients add to their holdings of the so-called dividend aristocrats and certain cyclicals.
Europe midday: Stocks push higher as ING, SocGen advance
The main indices in Europe pushed higher after a flat start, with sentiment boosted by the UK High Court ruling on Article 50 and some decent results from ING and Societe Generale.
Bank of England votes unanimously to keep interest rates unchanged
The Bank of England voted unanimously to leave interest rates unchanged on Thursday, as widely expected by economists.
Rotala upbeat on future ahead of Buses Bill
Bus operator Rotala updated the market on its current trading on Thursday, saying it made good progress during the year and the longer term trading outlook remained in line with market expectations.
Pound rises as government loses Article 50 case
The pound surged against the dollar as the High Court ruled that the government does not have the power to trigger Article 50 and begin the process of Britain leaving the EU without parliamentary consent.