Market Pulse - Commodities
Hong Kong shoved into recession by protest chaos
Hong Kong's economy has fallen into recession amid US-China trade uncertainty and months of protests that have resulted in shop closures, public transport interference and a drop in tourism.
Credit Suisse cuts BP target, but backs deleveraging plans
As large as it might seem, BP is in fact "a smaller and more nimble version of its former self" analysts at Credit Suisse said, even as they reiterated their 'neutral' recommendation for the shares and cut their target price.
Liberum says IAG's rating should match those of low cost carriers
Liberum reiterated its 'buy' recommendation for shares of IAG following the carrier's latest quarterly numbers, arguing that the improvement in the company's financial performance over the past decade was structural - not cyclical - and that the rating on its shares should match that of low cost carriers.
Berenberg says investors may question Shell's long-term target for cash returns
Analysts at Berenberg labelled the latest set of quarterly figures from Royal Dutch Shell as "strong", but added that management's warning that the oil giant's share buyback programme in 2020 might not be completed might also raise questions around the buybacks on longer time horizons.
Chile cancels APEC summit
Chilean authorities took the unprecedented step on Wednesday of cancelling the upcoming summit of the Asia Pacific Economic Forum in Santiago, Chile.
GE beats on Q3 earnings, renewable energies unit enjoys favourable wind
General Electric posted better than expected earnings and revenues for the latest three-month stretch, despite the multiple headwinds that it faced during the quarter and as it moved to make the company leaner and bulk up its balance sheet.
Director dealings: Rainbow Rare Earths CEO and chairman buy shares
Rainbow Rare Earths' chief executive officer and chairman picked up shares in the rare earths miner on Monday.
RBC stays at 'buy' on Hunting following trading update
Analysts at RBC Capital Markets reiterated their 'outperform' recommendation and 650. 0p target price for shares of Hunting despite the headwinds that it was facing from trends in capital expenditure in the exploration and production space.
Berenberg stays at 'buy' on BP, says higher shareholder returns may arrive with full-year results
Berenberg sounded a positive note on shares of BP on Tuesday following the oil major's third quarter trading statement.
ITM power surges after share option awards to top directors
Shares of ITM Power surged following news that it had awarded several of its top directors new options at an exercise price of 48. 0p.
Airbus set to clinch near record order with IndiGo
European aerospace giant Airbus is set to clinch a multi-billion pound order from Indian budget carrier IndiGo.
Offshore windfarms could provide enough electricity to meet global demands
Offshore wind sites could provide more than enough clean energy to satisfy the world's electricity needs, said a report by the International Energy Agency.
ITM Power opens eighth public access hydrogen refuelling station
Energy storage and clean fuel company ITM Power opened its eighth public access hydrogen refuelling station in the UK, located at the Shell services, Gatwick Airport.
China reportedly aiming for $20.0bn per year of US farm product purchases
Beijing is aiming to return to the level of purchases of US agricultural products that preceded Washington's decision to impose tariffs, leaving the door open to a big increase once a final trade deal had been signed.
Berenberg nudges up price target on 'hold' rated Hochschild Mining
Analysts at Berenberg raised their target price on precious metals miner Hochschild Mining slightly on Thursday, from 180. 0p to 190. 0p following a "strong" quarter of operations.
Germany's Syria peace proposals welcomed by US and NATO
A proposal from German defence minister Annegret Kramp-Karrenbauer for an international coalition to stabilise Northern Syria was welcomed by the US and other NATO allies on Wednesday.
Citi makes case for BP over Shell
Analysts at Citi reiterated their preference for shares of BP over rival Shell, telling clients that while they were both sporting similar dividend yields, of 6. 0% and 5. 6%, respectively, the foundations for shareholder income at the former were "very different".
Delayed fracking plans have cost taxpayer £32m, NAO claims
Delays to the government’s plans for fracking across the UK have cost taxpayers at least £32. 0m since 2011, the National Audit Office has found.
FTSE 250 movers: Centamin shines, Dunelm dips
London's FTSE 250 was 0. 12% lower at 20,158. 07 in afternoon trade on Wednesday, with Dunelm leading the index downwards.
Report says Beijing set to replace Carrie Lam as Hong Kong leader
The Chinese government is drawing up plans to replace Hong Kong leader Carrie Lam by March.