Market Pulse
Ultra Electronics joint venture awarded $220m US Navy option
Ultra Electronics announced on Thursday that ERAPSCO - its 50/50 joint venture with the ECP division of Sparton Corporation - has been awarded a modification to exercise options under an indefinite delivery / indefinite quantity (IDIQ) contract for US Navy sonobuoys.
Independent Oil and Gas shares rocket after massive gas discovery
AIM-listed Independent Oil and Gas saw its share price soar as it revealed substantial gas volumes at its Vulcan Satellites, Blythe and Elgood assets in the North Sea, with "very material upside" also expected to come from its nearby Harvey structure.
Hays posts another record quarterly net fee performance
FTSE 250 recruiter Hays reported another record quarterly net fee performance on Thursday as all its divisions saw solid growth.
Tullow Oil takes on four licences in Cote d'Ivoire
Tullow Oil has acquired 90% stakes in four onshore blocks in Côte d'Ivoire, it announced on Thursday.
Sky makes solid start to financial year as revenue, earnings grow
Subscription broadcaster, fixed line telephony and broadband, and mobile provider Sky issued an update on its first quarter trading on Thursday, reporting “strong growth” in revenue and profits with a 5% increase in like-for-like revenue to £3. 3bn.
Acacia Mining production slows in third quarter
Acacia Mining produced 191,203 ounces of gold and sold 132,787 ounces of gold during the third quarter, it confirmed on Thursday.
London pre-open: Stocks to nudge lower as investors digest Fed minutes
London stocks were set to nudge lower at the open on Thursday as investors digested the minutes from the latest Federal Reserve meeting, which suggested that a rate hike in December is on the cards.
Thursday newspaper round-up: National living wage, energy prices, London fintech
More than 300,000 people on low incomes were given a pay boost by the government’s new “national living wage”, dispelling fears that the move to raise minimum salary levels would trigger widespread job losses. The Resolution Foundation said Britain had experienced its biggest fall in low pay since the 1970s following the introduction of the national living wage (NLW), which imposes a floor of £7. 50 an hour for employees aged 25 and over. The thinktank found that 5.
US close: Wall Street posts record closes as Fed looks to hike rates
Markets on Wall Street finished at record levels on Wednesday, as traders digested the news that the Federal Reserve was likely to hike interest rates in December.