Market Pulse
Broker tips: Rio Tinto, Bunzl
Analysts at Berenberg lowered their target price on mining giant Rio Tinto from 6,200. 0p to 6,000. 0p on Friday following the group's Q3 operational review.
London close: Stocks finish week on mixed note
London's stock markets closed with mixed results on Friday, reflecting a cautious mood as investors reacted to economic growth data out of China, as well as an improvement in UK retail sales.
Director dealings: Severn Trent director lowers stake
Severn Trent revealed on Friday that director Helen Miles had disposed of 18,472 ordinary shares in the FTSE 100-listed water company.
Spirit furloughs 700 workers as Boeing strike enters sixth week
Aerostructures manufacturer Spirit AeroSystems announced on Friday that it will furlough roughly 700 workers as a strike by Boeing machinists entered its sixth week.
US open: Stocks mixed as traders continue to assess Q3 earnings
Wall Street trading got off to a mixed start on Friday as market participants continued to thumb over corporate earnings.
FTSE 250 movers: Future tumbles on CEO departure; Bellway drops
London’s FTSE 250 was down 0. 2% at 21,068. 81 in afternoon trade on Friday.
Oncimmune Holdings announces major recapitalisation
Oncimmune Holdings, an autoantibody profiling specialist, announced a major recapitalisation to fuel its next growth phase on Friday.
US housing starts slip 0.5pc in September
US housing starts slipped 0. 5% month-on-month to a reading of 1. 35m in September, according to the Census Bureau, in line with market expectations.
FTSE 100 movers: Miners rally but housebuilders in the red
London’s FTSE 100 was down 0. 7% at 8,326. 79 in afternoon trade on Friday.
Very Group made recent offer for N Brown - reports
Online shopping firm Very Group was reported on Friday to have made a recent bid to acquire N Brown, the owner of fashion brands Simply Be and Jacamo, at a price lower than the 40p-per-share offer proposed by Joshua Alliance.
Red Rock Resources reports progress in Cote d'Ivoire
Red Rock Resources, a natural resource development company with interests in gold and base metals across Africa and Australia, updated the market on its exploration activities in Côte d'Ivoire on Friday.
Bushveld offloads Lemur interest after DBSA approval
Bushveld Minerals announced the completion of the disposal of its interest in Lemur Holdings on Friday, following approval from the Development Bank of South Africa (DBSA).
3i Group picks bankers to sell pet food maker MPM - report
Listed private equity firm 3i Group has reportedly picked bankers to sell the pet food manufacturer behind leading brands such as Applaws.
Berenberg lowers target price on Rio Tinto
Analysts at Berenberg lowered their target price on mining giant Rio Tinto from 6,200. 0p to 6,000. 0p on Friday following the group's Q3 operational review.
Kooth slides on Pennsylvania contract uncertainty
AIM-listed Kooth slumped on Friday after saying it had received a communication from the state of Pennsylvania regarding the right to terminate its first pilot contract.
US pre-open: Major indices on track for sixth-straight winning week
Wall Street futures were mostly higher ahead of the bell on Friday, putting major indices on track for their sixth-straight winning week.
Ondine Biomedical gets UAE approval for Steriwave
Ondine Biomedical announced on Friday that it has received regulatory approval to market its ‘Steriwave’ nasal decolonisation technology in the United Arab Emirates.
London midday: Stocks stay down after China GDP data; UK retail sales beat
London stocks were still weaker by midday on Friday after data showed that economic growth in China slowed, although UK retail sales figures were better than expected.
BP considering sale of minority stake in offshore wind business - report
BP is reportedly considering selling a minority stake in its offshore wind business, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
Trinity Exploration reports fall in sales volumes
Trinity Exploration & Production updated the market on progress in its third quarter on Friday, highlighting a decline in sales volumes, which averaged 2,471 barrels of oil per day, down from 2,705 daily barrels in the third quarter of last year, and 2,522 barrels per day in this year’s second quarter.