Market Pulse
Apple to expand iPhone satellite capability with £1.5bn commitment
Apple strengthened its partnership with satellite communications firm Globalstar, it was reported on Friday, by committing around $1. 5bn to expand iPhone satellite services, according to a recent securities filing.
Broker tips: Warpaint, Schroders, Braemar, Morgan Sindall
RBC Capital Markets initiated coverage of Warpaint on Friday with an ‘outperform’ rating and 685. 0p price target.
London close: Stocks higher as US jobs report underwhelms
London stocks closed higher on Friday, as investors digested an unexpectedly low US payrolls figure, as well as a range of UK economic releases.
Director dealings: Dunelm CFO raises stake
Dunelm revealed on Friday that chief financial officer Karen Witts had acquired 8,375 ordinary shares in the FTSE 250-listed retailer.
FCA intends to take action against Crispin Odey
UK financial watchdog the Financial Conduct Authority warned Odey Asset Management founder Crispin Odey on Friday that it intends to take action against the disgraced hedge fund boss.
FTSE 250 movers: TBC Bank, Close Brothers recover
London’s FTSE 250 was 0. 5% higher in afternoon on Friday at 20,492. 06.
Ryanair could cut UK flights by up to 10% after APD increase
Ryanair said on Friday that it could cut up to 10% of its scheduled flights to and from UK airports next year, as it criticised the government’s decision to increase the tax on airline tickets in the Budget.
Chevron beats Q3 expectations
Energy giant Chevron beat Q3 earnings and revenue expectations on Friday as it returned a record amount of cash to shareholders.
FTSE 100 movers: Reckitt surges on infant formula win, Schroders lifted by upgrade
London’s FTSE 100 was up 1% at 8,189. 25 in afternoon trade on Friday.
Global Petroleum full-year losses narrow
Global Petroleum reported a loss after tax of $1. 04m in its final results on Friday, narrowing from $1. 28m year-on-year.
Kodal agrees transfer of Bougouni licence with Mali government
Kodal Minerals announced on Friday that it has reached an agreement with the government of Mali for the transfer of the Bougouni Lithium Project’s mining licence to its Malian subsidiary, Les Mines de Lithium de Bougouni (LMLB).
US open: Stocks sharply higher following NFP reading
Wall Street stocks were sharply higher at the bell on Friday as traders digested last month's all-important jobs report.
US pre-open: Futures higher ahead of NFP reading
Wall Street futures were in the green ahead of the bell on Friday as traders awaited last month's all-important jobs report.
Boohoo appoints Dan Finley as CEO
Boohoo said on Friday that it has appointed the current boss of Debenhams, Dan Finley, as its new chief executive, just days after shareholder Frasers Group urged the online fashion retailer to replace its CEO with Mike Ashley.
Hummingbird reports progress with financial restructuring
Hummingbird Resources updated the market on its financial restructuring efforts with primary lenders Coris and CIG on Friday, along with its largest shareholder Nioko Resources Corporation.
US economy adds just 12,000 jobs in October
The US economy added 12,000 jobs in October, according to the Bureau of Labor Statistics, well below September's downwardly revised 223,000 print and expectations of 113,000.
London midday: Stocks extend gains ahead of payrolls
London stocks had extended gains by midday on Friday as investors digested a raft of UK data releases and looked ahead to the US non-farm payrolls report.
Challenger Energy finance chief steps down
Challenger Energy Group announced the resignation of chief financial officer Gagan Khurana on Friday, effective immediately, due to personal reasons.
Berenberg starts Morgan Sindall at ‘buy’
Berenberg started coverage of Morgan Sindall on Friday with a ‘buy’ rating and 4,500p price target.
Canaccord Genuity lowers target price on Braemar
Analysts at Canaccord Genuity lowered their target price on shipbroking services business Braemar from 410. 0p to 380. 0p on Friday following the recently announced increase to the UK Employers National Insurance rate.