Market Pulse
President Energy claims 'significant upgrades' to prospective resources
Upstream oil and gas company President Energy announced the results of a new integrated basin study and geochemical survey over its exploration assets centred on the Puesto Guardian Concession, Matorras and Ocultar licenses on Friday, which have resulted in “significant upgrades” to the company's prospective resources.
London midday: Stocks erase gains after mixed services PMIs
London stocks had given up all their gains by midday on Friday as the market was driven by tight inverse correlation with the pound, which itself rebounded off strong services sector data.
Ascent begins pipeline operations between Slovenia and Croatia
Europe-focussed oil and gas exploration and production company Ascent Resources confirmed on Friday that export production has commenced from the Petisovci field in Slovenia, to INA in Croatia.
Servoca trading in line as CFO retires
Specialist recruitment solutions and outsourcing provider Servoca updated the market on its trading on Friday, confirming that it expects its preliminary results to 30 September to be “comfortably” in line with market expectations.
URU Metals upbeat after initial nickel leach test work
URU Metals announced the results of the nickel leach test work programme on the Zebediela Nickel and PGE Project, located in Limpopo, South Africa on Friday.
Apple's share price hits record high after quarterly earnings, iPhone X release
US tech giant Apple’s share price has hit record highs once more after it reported a 19% rise in quarterly profits, as the iPhone X is set for release.
Shell to turn off scrip dividend 'sooner rather than later', Barclays says
Analysts at Barclays reaffirmed their positive stance on shares of Royal Dutch Shell pointing to management's ability to 're-set' the outfit's cash break-even level lower, the likelihood that it would soon be able to scrap its scrip dividend and the 6% dividend yield on offer.
Asia report: Markets mixed on relatively quiet Friday
Markets in Asia finished mixed on Friday, with investors struggling to find direction as they digested tax reform and Fed chair nomination news from the US.
G4S to get worse but recover in 2018, Deutsche Bank upgrades
Growth from G4S may be weak for several months yet, but Deutsche Bank upgraded its recommendation on the stock on expectations of better growth next year.
US pre-open: Apple hits $900bn mark, jobs data ahead
US equity futures are pointing to a slightly higher start to trading ahead of the release of a barrage of economic data, including the October jobs report which is expected to show a massive 285,000 jump as hiring recovers from the impact of hurricanes Harvey and Irma.
NetScientific hails uptake of Wanda contract by US home care group
NetScientific said that its Wanda health management technology had been adopted by US-based HRS Home Health to help it monitor all the patients in its care.
IAG ups long-term targets for cash flow, capex
International Consolidated Airlines Group (IAG) upped its long term cash flow targets on Friday ahead of a capital market day briefing to investors and analysts.
Europe open: Spanish stocks under pressure, Catalonia crisis still in headlines
European stocks are trading slightly higher early on with the exception of Spanish ones ahead of the all-important monthly US jobs report due out later in the day.
UK services growth unexpectedly accelerates, cautious outlook remains
UK services growth accelerated more than expected in October, a survey of the country's largest sector revealed on Friday, though economists were divided on the implications as confidence about future growth remained weak.
Sell SSE due to risk of political intervention - Deutsche Bank
Ahead of interim results from SSE next week, Deutsche Bank took a dim view of the shares due to the the market's concerns about further political intervention in the UK energy sector.
Trump nominates Fed governor Jerome Powell to succeed Yellen
The US president has chosen Jerome Powell to succeed Janet Yellen at the head of the US central bank in what many observers see as the "continuist" option, although for some analysts he also has a "softer" approach when it comes to financial sector regulation.
London open: Stocks extend gains as pound wallows ahead of busy data day
London's FTSE 100 index was extending gains on Friday morning as the pound stabilised after a steepling 1. 7% fall on the Bank of England's dovish hike.
BoE rate guidance not "a promise", Broadbent says
The Bank of England's indication on Thursday that it will raise Bank Rate twice more by the end of 2020 is not set in stone, one of its top decision-makers said.
London pre-open: Stocks set for higher start ahead of US jobs report
Stocks are seen starting the session slightly higher ahead of the release of the all-important monthly jobs report.