Market Pulse
Bank of England finds business conditions improving but fragile
The Bank of England said its survey of business conditions found sentiment had improved since August but remained quite fragile.
Pacific Industrial & Logistics REIT posts first-half uplift in NAV
Real estate investment trust Pacific Industrial & Logistics REIT issued its interim financial results on Wednesday, following the close of its first reporting period 30 September.
Karelian posts positive results from Lahtojoki
Finland-focused diamond exploration company Karelian Diamond Resources announced on Wednesday that it has received results and a report from the Geological Survey of Finland, commissioned by the company on a Kimberlite boulder discovery to the south west of the its Lahtojoki diamond deposit.
Diamondcorp financing and production on track
South African diamond miner DiamondCorp announced that the second tranche of financing facility from Rasmala amounting to £300,000 is in the process of being drawn down by the company.
Stellar Diamonds signs JVs for Guinea and Liberia projects
AIM-listed Stellar Diamonds has agreed to joint ventures with Dubai-based Citigate Commodities Trading, over the miner’s kimberlite project in Guinea and two exploration licences in Liberia.
Mosman Oil and Gas acquires Pine Mills oil field
Mosman Oil and Gas have entered into an agreement to acquire an 80% interest in the Pine Mills oil field in Texas and its operating company Buccaneer Operating LLC.
Europe midday: Stocks off lows after Trump speech; pharma issues gain
European stocks were down but paring losses by midday as investors were somewhat reassured by the conciliatory tone Donald Trump struck in his acceptance speech, while gold rallied and the dollar slumped against the yen.
Trump win hits dollar and probability of Fed's December rate hike
US President-elect Donald Trump's election triumph has sent the US dollar down on several key crosses as the price of gold flew higher, at the same time lowering the likelihood of a Federal Reserve rate hike in December.
Management Resource Solutions closes unit after contract issues
Management Resource Solutions, the Australia-focused equipment and construction services group, has closed its consulting business after terminating its last, lossmaking contracts, with management saying they plan to take to the courts to try and recover "several million dollars" it feels are due.
US pre-open: Stocks set for weaker open after Trump win, but futures off lows
US futures pointed to a weaker open on Wall Street, although losses were set to be a lot less heavy than originally thought, as investors digested news that Donald Trump has won the US presidential race.
Asia report: Markets turn red as Trump fears become reality
Markets in Asia plummeted as investors in the region clambered for safe havens on Wednesday, as it became increasingly obvious during the session that Republican candidate Donald Trump was to become the 45th United States president.
Sciys wins space satellite contract with OneWeb
Sciys, a supplier of bespoke software systems, has won a contract with OneWeb to deliver satellite mission-planning software based on its Pleniter product.
Lookers reports positive trading in third quarter
Motor retail and aftersale service group Lookers reported a positive trading performance in the third quarter, with a strong result in the key month of September, which is when the new registration is introduced.
Macquarie ups Amec Foster to 'neutral'
Macquarie upgraded Amec Foster Wheeler to ‘neutral’ from ‘underperform’ but cut the price target to 400p from 420p, with the stock now sufficiently de-rated after last month’s disappointing trading update.
Rio Tinto suspends senior executive over payments probe
Rio Tinto has suspended one of its senior executives after the company became aware of email correspondence relating to payments of $10. 5m to a consultant providing advisory services on the Simandou project in Guinea.
Esure's premiums rise while it benefits from Gocompare.com demerger
Esure’s premiums increased for the year to date, while it also benefited from its November demerger from Gocompare. com, an insurance comparison website.
Pennon boosted by Credit Suisse upgrade
Pennon bucked the downtrend on Wednesday as Credit Suisse lifted its rating on the stock to ‘neutral’ from ‘underperform’ and upped the price target to 800p from 790p.
Playtech says revenues hit by weak currencies and 'low volatility'
Playtech said that although second-half trading had been ahead of last year, reported revenue has been hit by weakening of sterling and other currencies against the euro and apparent low market volatility.
Flybe H1 profit down but revenue and passenger numbers rise
Flybe reported a drop in pre-tax profit in the six months to the end of September amid challenging markets, but revenue and passenger numbers rose.
Paddy Power takes £4m Trump hit after paying out early on Clinton
Having already rather presumptuously paid out on Hillary Clinton, bookmaker Paddy Power has stumped up its biggest political payout ever to punters who correctly bet on Donald Trump to win the US presidential race.