Market Pulse
US close: Stocks sharply lower for second-straight session
Wall Street stocks closed sharply on Friday amid resurgent fears of a potentially oncoming recession.
Broker tips: ITM Power, Coats Group, Ryanair
RBC Capital Markets reiterated its 'outperform' rating on ITM Power on Friday as it pointed to a "relatively attractive" risk/reward profile.
London close: Stocks join global slide on fears of US recession
London stocks closed in negative territory on Friday as investors reacted to a weaker-than-expected non-farm payrolls report from the United States, indicating a sharp slowdown in hiring last month.
Director dealings: Robert Walters chair raises stake
Robert Walters revealed on Friday that chairman Leslie van de Walle had acquired 25,000 ordinary shares in the London-listed recruitment firm.
Iberdrola to buy 88% stake in Electricity North West for £2.1bn
Iberdrola said on Friday that it has agreed to buy an 88% stake in Electricity North West (ENW) in the UK for £2. 1bn.
FTSE 100 movers: IAG flies higher after results; GSK in the black
London’s FTSE 100 was down 1. 3% at 8,178. 75 in afternoon trade on Friday.
US open: Stocks sharply lower as recession fears resurface
Wall Street stocks were firmly in the red at the opening bell on Friday amid resurgent fears of a potentially oncoming recession.
SkinBioTherapeutics secures £1.56m from new investors
SkinBioTherapeutics announced on Friday that it has secured an investment of £1. 56m on Friday, removing any uncertainty around its medium-term financing.
US pre-open: Futures firmly in the red as recession fears reappear
Wall Street futures were firmly in the red ahead of the bell on Friday amid resurgent fears of a potential recession.
ExxonMobil beats second-quarter earnings expectations
ExxonMobil announced second-quarter earnings above market forecasts on Friday, with the total coming in at $9. 2bn, or $2. 14 per share.
London midday: Stocks maintain losses amid US growth concerns, ahead of payrolls
London stocks were still in the red by midday on Friday as weak US data raised fears about the economy, and ahead of the release of the all-important non-farm payrolls report.
Chevron earnings fall more than expected in second quarter
Chevron announced a fall in second-quarter earnings on Friday, to $4. 4bn, down from $6bn in the same period last year.
Citi adds Ryanair to ‘Europe Focus List’
Citi added Ryanair to its ‘Europe Focus List’ on Friday and opened a 90-day ‘positive short-term view’.
Vector Capital posts weaker first half, announces tender offer
Vector Capital reported a cautious half-year of new lending on Friday, amid challenging market conditions, as it announced a share buyback offer ahead of its planned delisting from AIM.
Kinovo completes final legacy DCB Kent project
Kinovo announced the completion of the final outstanding legacy project related to its former construction subsidiary DCB Kent on Friday, effectively ending its financial liabilities under parent company guarantees for the projects.
Orcadian strikes extension deal over loan with Shell
Orcadian Energy announced on Friday that Shell had agreed not to take any action regarding Orcadian's existing borrowings under its loan facility with Shell until 31 August.
HgCapital invests £11.5m in Iberian B2B software firms
HgCapital Trust announced an investment in CTAIMA and E-coordina, two Iberian companies specialising in contractor management, risk, and compliance software, on Friday.
XP Factory trades as expected in first quarter
Experiential leisure operator XP Factory, which operates the Escape Hunt and Boom Battle Bar brands, said in an update on Friday that trading in its first quarter was in line with expectations.
Senior inks contract with Deutsche Aircraft for D328eco
Manufacturing and engineering firm Senior has inked a contract with German original equipment manufacturer Deutsche Aircraft for the design, development and manufacture of the Bleed Air System and the Engine Build Up system for its D328eco aircraft.
RBC Capital reiterates ‘outperform’ on ITM Power
RBC Capital Markets reiterated its ‘outperform’ rating on ITM Power on Friday as it pointed to a "relatively attractive" risk/reward profile.