Market Pulse
NIESR cuts UK growth forecast and calls on Hammond to ease austerity
One of Britain's leading economic think tanks has reduced its forecast for economic growth and called on the chancellor to relax fiscal austerity where possible in next month's budget.
FX round-up: Pound climbs as Barnier, Davis comment on Brexit talks
Sterling gained on the dollar and the euro as rate hike expectations mingled with Brexit news, while the dollar was only edging higher amid strong economic data.
London close: FTSE gains pared as pound climbs on Brexit comments
London stocks clung onto marginal gains on Tuesday, helped along by some well received results from oil giants BP and ad behemoth WPP.
Bitcoin hits record after CME unveils plans for futures contract
Bitcoin prices set a fresh record higher after the Chicago Mercantile Exchange unveiled plans to launch futures on the crypto-currency before the year was out.
Wednesday preview: Next update, FOMC statement, manufacturing data
Economic data on both sides of the pond, results from the likes of Next and a parliamentary hearing on post-Brexit trade are likely to be the main financial focus on Wednesday, with no action expected from the Federal Reserve.
FTSE 250 movers: Weir whacked after warning, regulatory hopes lift Indivior
The FTSE 250 index was flat in afternoon trading on Tuesday as London's mid-cap companies continued to report quarterly results on the last day of October.
US open: Wall Street set to finish October on a positive note
Wall Street was trading slightly higher on the last day of October with investors digesting another slew of corporate results as the US central bank's two-day policy meeting got underway.
FTSE 100 movers: Croda and BP gain on updates; Burberry hit by creative officer departure
London's FTSE 100 was flat at 7,490. 45 in afternoon trade on Tuesday.
Craneware extends US hospital contract in $3.5m deal
US health care-focussed value cycle specialist Craneware announced the renewal and “significant expansion” of an existing contract with a growing hospital operator in the United States on Tuesday.
Gresham House acquiring Hazel Capital management business, launching new energy unit
Specialist alternative asset manager Gresham House has completed the acquisition of the asset management business of UK new energy infrastructure manager Hazel Capital, it announced on Tuesday.
Taptica picks up Ofer Druker as new Tremor executive chairman
Mobile advertising platform provider Taptica announced on Tuesday that Ofer Druker will be joining Taptica as the executive chairman of Tremor Video DSP, its wholly-owned subsidiary for video advertising optimisation and attribution, that was acquired by the group in August.
ReNeuron upbeat on latest stroke drug candidate trial findings
Cell-based therapeutics developer ReNeuron Group updated the market on Tuesday on its Phase II clinical trial ‘PISCES II’ of its CTX cell therapy candidate for stroke disability and, in addition, its global clinical and regulatory development strategy for the stroke programme.
US consumer confidence at highest since 2000, Conference Board says
US consumer confidence shot higher in October, led by a particularly large improvement in expectations, reaching its highest level since 2000, the results of a widely-followed survey showed.
Hutchison Chi-Med launches new clinical trial of fruquintnib
Hutchison China MediTech - known as Chi‑Med - has initiated ‘FRUTIGA’, a pivotal Phase III clinical trial of fruquintinib in combination with paclitaxel (Taxol) for the treatment in advanced gastric or gastroesophageal junction adenocarcinoma patients in China.
WPP invests in Brazilian digital agency Enext
WPP said on Tuesday that its wholly-owned global advertising agency, J. Walter Thompson Company, has bought a majority stake in Brazilian digital agency Enext, which specialises in e-commerce and Icloud marketing solutions.
Avesoro Resources taking on two mines in Burkina Faso
Avesoro Resources has entered into a conditional agreement to acquire the Youga Gold Mine and Balogo Gold Mine in Burkina Faso, it announced on Tuesday, through the acquisition of the entire issued share capital of MNG Gold Burkina, Cayman Burkina Mines, MNG Gold Exploration, AAA Exploration Burkina and Jersey Netiana Mining and their subsidiaries from Avesoro Jersey.
Chicago PMI hits six-and-a-half year high in October
Economic activity in the Chicago area unexpectedly picked up in October, according to data released on Tuesday.
Support for independence jumps, Catalan government poll shows
The percentage of Catalans who now support independence for the region has shot higher in the last few months, according to a poll conducted by the regional government.
Europe midday: Spanish stocks come off highs, polls in focus
Stocks in Europe are little changed in afternoon trading with better-than-expected economic data roughly offsetting a weak reading on Chinese factory sector activity.
Boost for Oxford Biomedica as Novartis files for further blood cancer indication
Oxford Biomedica received a boost as Novartis announced that it has filed for approval of its Kymriah drug for a second blood cancer indication.