Market Pulse
US close: Dow Jones turns in seventh-straight losing session
Major indices delivered a mixed performance on Friday as the blue-chip Dow Jones turned in its seventh-consecutive losing session.
Broker tips: Greggs, Impax Asset Management
RBC Capital Markets recommended that investors "buy the dip" on Friday as it initiated coverage of bakery chain Greggs with an 'outperform' rating and 3,240. 0p price target.
London close: Stocks weaker after surprise UK GDP contraction
London's stock markets closed lower on Friday as investors reacted to an unexpected contraction in the UK economy during October, while the pound lost ground against major currencies.
Director dealings: Rentokil Initial director makes share purchase
Rentokil Initial revealed on Friday that non-executive director Brian Baldwin had acquired 7. 5m ordinary shares in the FTSE 100-listed pest control business.
FTSE 100 movers: Miners fall; Rentokil higher after Trian buys shares
London’s FTSE 100 was down 0. 3% at 8,284. 13 in afternoon trade on Friday.
US open: Dow Jones on track for seventh straight losing session
Wall Street trading got off to a mixed start on Friday after the blue-chip Dow Jones turned in its sixth-consecutive losing session a day earlier.
Versarien subsidiary awarded EUR 0.8m grant
Advanced engineering materials group Versarien announced that its 90%-owned subsidiary Gnanomat has been awarded a €0. 8m grant to support a two-year project focused on next-generation energy storage devices.
US import prices edge up in November as energy costs bounce back
US import prices rose more or less as expected last month on the back of dearer energy.
Kazera subsidiary WHM inks deal with Fujax South Africa
Kazera Global announced on Friday that its subsidiary, Whale Head Minerals (WHM) has entered into a sales and offtake agreement with Fujax South Africa, a subsidiary of Fujax Group, for the sale of heavy mineral sands (HMS) production.
UK govt cuts NatWest stake to just under 10%
The UK government has cut its stake in NatWest to just under 10%, taking the bank one step closer to private ownership.
US pre-open: Futures trade higher following Dow's sixth straight losing session
Wall Street futures were in the green ahead of the bell on Friday after the blue-chip Dow Jones turned in its sixth-consecutive losing session.
Rentokil rallies as Trian buys £31m worth of shares
Rentokil Initial rallied on Friday after activist investor Nelson Peltz’s Trian Fund Management bought 7. 5m shares in the pest control company for £31m.
London midday: Stocks up as sterling hit by GDP data
London stocks were firmer by midday on Friday as sterling lost ground after data showed the UK economy unexpectedly contracted in October.
Electric Guitar's sole operating subsidiary to enter liquidation
Electric Guitar announced on Friday that its primary operating subsidiary 3radical was set to enter creditors' voluntary liquidation (CVL) after failing to secure a buyer for its business as a going concern.
RBC Capital starts Greggs at ‘outperform’, says ‘buy the dip’
RBC Capital Markets recommended that investors "buy the dip" on Friday, as it initiated coverage of bakery chain Greggs with an ‘outperform’ rating and 3,240p price target.
Cadogan Energy strikes €10m settlement agreement
Exploration and production firm Cadogan Energy said on Friday that it has signed a settlement agreement with Proger Management, Proger Ingegneria, Ma. Lo and TIFS Partecipazioni.
Berenberg lowers target price on Impax Asset Management
Analysts at Berenberg lowered their target price on Impax Asset Management from 560. 0p to 510. 0p on Friday after news broke that the group's mandate to manage St James's Place's sustainable and responsible equity fund was expected to end in February 2025.
Kosmos in 'very preliminary' talks over Tullow takeover
US-based Kosmos Energy has confirmed it is in "very preliminary" talks with Tullow Oil about a possible takeover of the oil and gas exploration company.
TT Electronics confident of financial framework after Volex abandons takeover talks
Electronic components manufacturer TT Electronics said it continues to have confidence in its medium-term financial framework after Volex backed out of a takeover pursuit of the electronic components group, following a month of speculation that it may make an offer.
Orosur Mining reports positive drill results from Anza Project
Orosur Mining reported positive drill results from its ongoing exploration at the Anzá Project in Colombia on Friday, which is now wholly owned by the company following its recent acquisition of all shares from former joint venture partner Minera Monte Aguila.