Market Pulse
Europe close: Global rally helps to see markets over the line
December's roller-coaster ride ended Friday’s session on a high, as European were buoyed by an overnight rally on Wall Street.
London close: Stocks continue recovery to finish Friday higher
London stocks finished in the green on Friday, having taken their cue from a late stage recovery on Wall Street the day before.
Fastjet CFO Michael Muller resigns
Fastjet chief financial officer Michael Muller will step down from his post in March, after the company announced his resignation on Friday.
TLA Worldwide completes sale of US businesses
Athlete representation and sports marketing company TLA Worldwide announced on Friday that, following the result of its general meeting on 27 December, the sale of its US businesses had now completed.
Rurelec clears loan debt, sees progress at Argentina plant
South America-focussed power generation capacity company Rurelec repaid £0. 4m to Bridge Properties (Arena Central) on Friday, to clear outstanding interest payments on short-term loan facilities dated 17 February 2016 and 13 April 2016.
Clear Leisure snaps up 10pc stake in legal data firm PBV Monitor
Clear Leisure announced the acquisition of a 10% interest in PBV Monitor, an Italian company specialising in the acquisition and dissemination of data for the legal services industry, utilising proprietary market intelligence tools and dedicated search software, on Friday.
US open: Stocks fall into the red as rally runs out of steam
US stocks had slipped into the red shortly after the open on Friday, unable to hold on to opening gains as the rally that started late in the previous session lost steam.
Ncondezi makes progress on Tete Mozambique project
Ncondezi Energy updated the market on its process to conclude a binding joint development agreement for its integrated 300MW power and coal mine project in Tete Mozambique on Friday.
Chicago PMI falls less than expected in December
Economic activity in the Chicago area deteriorated less than expected in December, according to data released on Friday.
US pending home sales unexpectedly drop in November
US pending home sales unexpectedly fell last month, according to data from the National Association of Realtors.
FTSE 250 movers: Energy shares rally but Superdry gives back some gains
London’s FTSE 250 was up 2% at 17,436. 66 in afternoon trade on Friday, tracking broader gains on the back of a late Wall St rally the day before.
Asia report: Most markets rise, Nikkei records annual loss
Most markets in Asia finished in the green on Friday, but the major news was Japan’s stock market, which notched its first annual decline since 2011 on its last trading day of the year.
FTSE 100 movers: BP and Wood Group rally as oil recovers
London’s FTSE 100 was up 2. 3% in afternoon trade on Friday at 6,738. 67, having taken its cue from a late rally on Wall Street.
Indus Gas profits fall as board pursues makes operational progress
India-focussed oil and gas exploration and development company Indus Gas issued its interim results for the six months ended 30 September on Friday, reporting a fall in adjusted revenues to $27. 78m from $29. 39m year-on-year.
Patagonia Gold acquiring four Argentina properties from Goldcorp
Gold and silver-focussed mining company Patagonia Gold has agreed to acquired four additional exploration property blocks located in the Province of Santa Cruz, Argentina, from Goldcorp, it announced on Friday.
ZCCM flags near five-fold increase in earnings
ZCCM Investments Holdings delivered some post-Christmas cheer to shareholders on Friday, reporting that its earnings per share for the six months ended 30 September was expected to be about 476% higher than for the same period a year earlier.
HMV calls in the administrators
Music retailer HMV confirmed on Friday afternoon that it had called in the administrators, for the second time in six years.
Nu-Oil losses widen, but board confident of future revenue
Pre-revenue independent oil and gas company Nu-Oil issued its results for the year ended 30 June on Friday, reporting an increased loss from operations of £1. 67m, widening from £1. 46m in the prior year.
London midday: Stocks extend gains on positive US cues
London stocks had extended gains by midday on Friday, having taken their cue from a late stage recovery on Wall Street the day before.
Europe midday: Shares on the up as Wall St provides boost
December's roller-coaster ride for equities continued on Friday as European were buoyed by an overnight rally on Wall Street.