Latest News
US pre-open: Stocks to edge up ahead of payrolls
US futures pointed to a slightly higher open on Wall Street on Friday following the release of encouraging Chinese manufacturing data, as investors eyed the latest non-farm payrolls report.
Morgan Stanley lowers Rolls Royce target but sees 'compelling' value
Analysts at Morgan Stanley marked down their target price on shares of UK aerospace manufacturer Rolls Royce, but told clients to look past the temporary costs related to the Trent 1000 programme and that their fundamental value was "compelling", even if sentiment was at a low ebb.
US non-farm payrolls rise more than expected despite GM strike
The US economy added more jobs than expected in October, according to data released by the Labor Department on Friday.
Javid delays BoE governor appointment until after election
UK Chancellor Sajid Javid on Friday delayed the appointment of a new Bank of England governor until after the 12 December general election.
London midday: FTSE maintains gains ahead of payrolls
London stocks were still a little higher by midday on Friday as investors mulled better-than-expected Chinese manufacturing figures and looked ahead to the release of the latest US non-farm payrolls report.
China manufacturing activity beats expectations in October
Activity in China's manufacturing sector expanded at its fastest pace in nearly three years in October, according to a private survey released on Friday.
UK manufacturing decline slows in October amid pre-Brexit stockpiling
The decline in UK manufacturing activity slowed in October amid a rush to stockpile ahead of the Brexit deadline, according to survey released on Friday, but the sector remained on course for a recession.
Petrel asks shareholders to approve share issue to private equity group
Petrel Resources dispatched a circular to shareholders on Friday, giving notice of an extraordinary general meeting to be held on 21 November, at which approval would be sought to issue 64,035,976 new ordinary shares at 1. 25 euro cents per share to the ‘Concert Party’.
Firestone Diamonds uses diesel generators to resume production
Firestone Diamonds announced on Friday that an alternative power supply has been implemented at its Liqhobong Diamond Mine, which has facilitated the resumption of production in the absence of grid electricity supply.
Lake Victoria Gold asks Katoro for extension to Imweru acquisition due date
Tanzania-focussed exploration and development company Katoro Gold updated the market on the proposed acquisition of the Imweru gold project by Lake Victoria Gold (LVG) on Friday, reporting that it had been “working closely” with the LVG team to finalise the proposed acquisition.
Europe midday: Stocks up after positive Chinese data
European stocks were higher at lunchtime on Friday after the release of unexpectedly strong Chinese data, though Sino-US trade confusion persisted.
Asia report: Most markets rise as investors cling to trade hopes
Markets in Asia were mostly higher by the end of November’s first session on Friday, as investors continued to consternate over the prospect of some sort of trade deal being reached between the United States and China.
SSP poaches Coats Group chairman Mike Clasper
SSP Group said on Friday that Coats Group's Mike Clasper will succeed Vagn Sørensen as chairman, while also appointing him as an independent non-executive director with immediate effect.
Tower Resources signs deal to conduct Thali site survey
Africa-focussed oil and gas company Tower Resources updated the market on its operations on the Thali block in Cameroon on Friday, reporting that along with its subsidiary Tower Resources Cameroon, it has signed a contract with Geoquip Marine Operations to conduct a site survey at the intended NJOM-3 well location on the license.
Yew Grove REIT buys office building at IDA Ireland business park
Irish commercial property investor Yew Grove REIT announced on Friday that it has reached an agreement to purchase an office building at the IDA Ireland Business and Technology Park, Garrycastle, Athlone.
Simon Longfield joining Centaur Media as finance chief
Business information and specialist consultancy provider Centaur Media announced on Friday that Simon Longfield has been appointed as its chief financial officer, in succession to Swag Mukerji, who was promoted to chief executive in September.
Baron Oil joint venture rejects new licences after changes
Oil and gas exploration and production company Baron Oil updated the market on its UK operations on Friday, reporting that due to a recent change in the demarcation of the landward-versus-seaward licensing boundary, which has now placed most of the Poole Bay area under landward jurisdiction, the joint venture group operated by Corallian Energy has been informed by the Oil & Gas Authority that the more prospective areas in Blocks 98/11b and 98/12 - provisionally awarded to the joint venture in the 31st Seaward Licensing Round - could now form part of the area offered to the group.
Chemring FY profit seen ahead of expectations
Chemring struck an upbeat note on full-year profits on Friday as it announced a contract win.
Lookers shares crash on profit warning
Lookers shares crashed on Friday after the car dealership warned that annual profit was set to fall sharply - its second profit warning in less than four months - and announced the departure of its chief executive and chief operating officers.
Rentokil Initial buys out large Florida pest control company
Rentokil Initial announced the acquisition of Florida Pest Control on Friday, which it described as a service provider for commercial and residential customers, with 2018 revenues of $66m (£52m).