Market Pulse
Cambridge Cognition ex-CEO resigns as director
Cambridge Cognition, a provider of digital solutions for assessing brain health, announced the formal resignation of Dr Matthew Stork as a director of the company and its subsidiaries on Friday.
MicroSalt reiterates progress after share price surge
MicroSalt responded to a significant rise in its share price on Friday, confirming that there was no new trading or operational update beyond the information it provided in its interim results in late September.
Begbies Traynor says record number of UK firms in 'significant' distress
Begbies Traynor's latest ‘Red Flag Alert’ report, released on Friday, revealed a record number of UK businesses experiencing 'significant' financial distress, with 632,756 companies affected in the third quarter.
Rockhopper secures extensions to Falkland Islands licences
Rockhopper Exploration announced on Friday that the Falkland Islands Government (FIG) had agreed to extend all of its petroleum production licences in both the North and South Falkland Basins.
Fonix maintains expectations amid Irish regulatory uncertainty
Fonix updated the market on its operations in the Republic of Ireland on Friday, ahead of an expected regulatory change.
Asia report: Most markets rise after China data dump
Markets across the Asia-Pacific region mostly rose on Friday, bolstered by a sharp rebound in Chinese stocks following stronger-than-expected GDP data.
Cloudcoco agrees £0.25m sale of Connect subsidiary
Cloudcoco Group announced the conditional sale of its subsidiary Cloudcoco Connect on Friday, to the BE Company, for £0. 25m in cash.
Gore Street Energy Storage secures 12-year contract for Big Rock
Gore Street Energy Storage Fund announced on Friday that it has secured a 12-year fixed-price resource adequacy (RA) contract for its California-based asset, Big Rock, with Goldman Sachs subsidiary J Aron & Company.
Keywords Studios to acquire Certain Affinity
Video games industry company Keywords Studios has entered into an agreement to acquire US-based game development studio Certain Affinity.
Future CEO Steinberg to step down next year, shares tumble
Future said on Friday that chief executive Jon Steinberg plans to step down from the board later next year to relocate back to the US with his family, sending shares in the media group tumbling.
Citi downgrades Bunzl to 'neutral' from 'buy'
Citi downgraded Bunzl on Friday to ‘neutral’ from ‘buy’ after a run-up in the shares, but kept its 3,700p price target.
Mothercare FY sales drop, announces new JV partnership
Retailer Mothercare said on Friday that it had struck a new joint venture with Indian firm Reliance as full-year sales dropped amid continued struggles with weak demand post-Covid.
London open: Stocks fall as China growth slows; UK retail sales in focus
London stocks fell in early trade on Friday after data showed that economic growth in China slowed, although UK retail sales figures were better than expected.
London pre-open: Stocks seen down after China GDP; UK retail sales in focus
London stocks were set to fall at the open on Friday after data showed that economic growth in China slowed, and as investors mulled better-than-expected UK retail sales figures.
Friday newspaper round-up: Post Office, bankers' bonuses, new job ads
Rachel Reeves, the chancellor, is taking action to ensure her budget plan for a multibillion-pound increase in government borrowing to fund infrastructure projects avoids a Liz Truss-style meltdown in financial markets. Ahead of her tax and spending event on 30 October, the chancellor is convening on Friday the first meeting of a taskforce of leading City figures to advise on infrastructure projects. The government will also launch a watchdog to oversee public works and ensure value for money for the taxpayer.