Market Pulse
UK retail footfall eases in October - BRC
UK retail footfall declined in October, industry data showed on Friday, reversing much of September’s surprise uplift.
US close: Stocks sharply lower following tech earnings, PCE reading
Wall Street stocks closed sharply lower on Thursday as market participants were again zeroed in on Q3 earnings and a number of key data points.
International Paper posts strong quarter, reviews GCF business
International Paper posted strong third-quarter results on Thursday, reporting adjusted earnings of 44 cents per share, surpassing the Zacks consensus estimate of 24 cents by 83%.
Broker tips: Nexteq, Lloyds
Analysts at Canaccord Genuity lowered their target price on business-to-business technology firm Nexteq from 200. 0p to 110. 0p on Friday, citing short-term headwinds.
Merck tops Q3 earnings forecasts despite slower Gardasil demand
Pharmaceuticals firm Merck reported a solid third quarter on Thursday, with revenue up 4% year-over-year to $16. 7bn, driven by robust sales of its cancer drug Keytruda, although muted demand for the Gardasil HPV vaccine remained a challenge.
London close: Stocks down on corporate earnings, Budget fallout
London stocks ended Thursday in negative territory, weighed down by corporate earnings releases and the market’s response to the new Labour government’s budget unveiled on Wednesday.
Director dealings: Bioventix CFO raises stake
Bioventix revealed on Thursday that chief financial officer Bruce Hiscock had acquired 333 ordinary shares in the London-listed antibodies development and supply company.
FTSE 100 movers: DS Smith surges; S&N in the red
London’s FTSE 100 was down 0. 9% at 8,086. 59 in afternoon trade on Thursday.
Canaccord Genuity lowers target price on Nexteq
Analysts at Canaccord Genuity lowered their target price on business-to-business technology firm Nexteq from 200. 0p to 110. 0p on Friday, citing short-term headwinds.
US open: Stocks lower following Q3 earnings, PCE data
Wall Street stocks were firmly in the red early on Thursday as market participants were again zeroed in on Q3 earnings and a number of key data points.
Reaction Engines crashes into administration - report
Reaction Engines has reportedly crashed into administration after weeks of talks with potential backers failed to result in a rescue deal.
US initial jobless claims fall to 216,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 26 October, according to the Labor Department.
Filtronic manufacturing output hits targets
Mission-critical communication network components business Filtronic said on Thursday that manufacturing output has reached planned customer volume and quality requirements following strong order flow from SpaceX in H1.
Guardian Metal signs up to acquire Tempiute mine option
Guardian Metal Resources announced on Thursday that it has signed a binding letter of intent with Hinkinite Resources to acquire an option on the Tempiute tungsten mine and mill in Nevada, located 240 kilometres north of Las Vegas.
IMI buys Rotterdam-based TWTG for €25m
Engineering firm IMI said on Thursday that it has bought Rotterdam-based TWTG, "a leader" in smart connected asset monitoring solutions for process industries, for €25m (£21m) in cash.
US pre-open: Futures lower following Q3 GDP, tech earnings
Wall Street futures were firmly in the red ahead of the bell on Thursday following a preliminary reading of America's Q3 GDP and earnings from some big-name tech firms overnight.
London midday: FTSE falls further as investors assess Budget
London stocks had fallen further by midday on Thursday as investors sifted through a raft of corporate releases, including third-quarter results from Shell, and continued to mull the implications of the Budget.
Nexteq warns on revenue amid continued de-stocking, product launch delays
Business-to-business technology company Nexteq warned on revenues on Thursday as continued to see ongoing, cross-industry de-stocking since its H1 report resulted in reduced order intake levels.
Cordel secures contracts extension with ARTC
AI platform operator Cordel Group said on Thursday that it has received a contract extension with the Australian Rail Track Corporation, taking the term of the engagement to 31 August 2025.
Caspian Sunrise progresses sale of BNG area structures
Caspian Sunrise announced on Thursday that the parties involved in the proposed $88m sale of its shallow MJF and South Yelemes structures at its flagship BNG asset were progressing towards finalising a formal sale and purchase agreement, with completion targeted by the end of the year.