Market Pulse
Jefferies downgrades SIG on profit warning, CEO departure
Jefferies downgraded SIG to ‘hold’ from ‘buy’ and slashed the price target to 90p from 140p after the company issued a profit warning and announced the surprise departure of its chief executive officer Stuart Mitchell.
UK construction output at four-year low in Q3
UK construction output hit its lowest level in four years in July to September, according to figures from the Office for National Statistics.
Zuckerberg denies Facebook role in Trump victory
Facebook founder Mark Zuckerberg has come out in defence of his company after allegations that the social network contributed to the rise of Donald Trump.
London open: Sterling strength and retreat in oil weigh on shares
London equities have started slightly lower despite the record highs notched up overnight on the Dow Jones Industrial and Chinese equities having moved back into a 'bull' market early on Friday morning.
Goldstone Resources' Ghana mine finds gold enrichment in saprolite
AIM-listed Goldstone Resource's recent drilling program at its mine in Ghana found gold enrichment in saprolite.
Chinese credit growth slows down in October
Chinese credit conditions tightened in October as so-called total social financing expanded by 896. 3bn yuan in October, following a surge of 1. 72trn in the month before.
Aquatic Foods' revenue falls as market growth in China slows
AIM-listed Aquatic Foods Group’s revenues were down as market growth in China slowed during the year, but the seafood processor remains positive about its long-term prospects.
iEnergizer revenues rise, though earnings remain flat
Digital publishing and technology company iEnergizer posted its interim results for the six months to 30 September on Friday.
JPMorgan downgrades Dairy Crest to 'neutral'
JPMorgan Cazenove downgraded Dairy Crest to ‘neutral’ from ‘overweight’ as the stock has surpassed its 600p price target.
Europe open: Stocks waver but Allianz and Altice rally
European stocks wavered in early trade as investors continued to mull the implications of Donald Trump’s presidential victory.
Berenberg initiates coverage of EasyJet, Ryanair and IAG at 'buy'
Berenberg initiated coverage of EasyJet, Ryanair and International Consolidated Airlines Group as it took a look at the airlines sector.
German inflation confirmed at highest level since October 2014
German inflation was confirmed at a two-year high in October, according to data from Destatis.
British Empire Trust swings to earnings in full-year report
British Empire Trust posted its annual report for the 12 months to 30 September on Friday, with net asset value per share total return for the year of 31% and share price total return of 34. 3%.
Inmarsat to bring high speed broadband to Austrian Airlines
Global mobile satellite communications provider Inmarsat announced on Friday it will provide its new ‘GX for Aviation’ in-flight broadband solution to Austrian Airlines' continental aircraft fleet under a “landmark” new contract.
London pre-open: Stocks seen slightly higher
Stocks in London were set for a modestly higher open on Friday as investors continued to digest the implications of Donald Trump’s presidential victory.
Friday newspaper round-up: Trump, Brexit, Libor
Protesters took to the streets across US cities on Thursday for a second day of demonstrations against president-elect Donald Trump, who responded by blaming the unrest on “professional protesters” egged on by media. Fresh from his first White House meeting with President Barack Obama, Mr Trump tweeted on Thursday night: “Just had a very open and successful presidential election. Now professional protesters, incited by the media, are protesting. Very unfair!” – Financial Times.