Market Pulse
Numis upgrades NEX amid potential purchase by CME
Analysts at Numis upgraded their recommendation for shares of NEX Group on Friday from ‘hold’ to ‘add’, citing the possible purchase of NEX by US giant CME Group.
London open: FTSE indecisive as Berkeley's barks weigh on builders
London stocks resumed their indecisive shift sideway as the week drew to a close, 10 years to the day that JP Morgan originally agreed to buy the stricken Bear Stearns.
Spotify aims for growth and profits ahead of IPO
Spotify has been promoting its appeals to investors ahead of a stock market listing on 3 April, targeting sufficient growth to fend off rivals like Apple and Amazon while still generating profits.
Capital Drilling revenues soar, swings group to a profit
Drilling services group Capital Drilling swung to a profit in its most recent trading year, thanks to a substantial boost to its revenue.
Mosman makes further progress with its US assets
Oil exploration, development and production company Mosman Oil and Gas announced continued progress in respect to its US assets on Friday.
Papua Mining granted mining permit in Queensland
Gold and copper exploration company Papua Mining announced on Friday that the it had been granted the Monarch Exploration Permit to Mine, EPM 26726, in Queensland, Australia through its 100%-owned subsidiary BGM Investments.
Avanti Communications reassures investors after satellite launch delay
Avanti Communications Group has been advised by Arianespace of a delay to the launch of its HYLAS 4 satellite, it announced on Friday.
Premier African Minerals raises £0.4m, will cancel Darwin Capital warrants
Premier African Minerals announced a placing today to raise £0. 4m before expenses at an issue price of 0. 16p per new ordinary share, it announced on Friday.
Summit Germany uses bond issue proceeds to pay down debt
Summit Germany announced on Thursday that, following receipt of the proceeds from its recent bond issue, it has repaid existing debt facilities totalling €220m, including a €19. 5m loan from Summit Real Estate Holdings.
Retail store sales plow upward after snow, high street misses out
UK retailers enjoyed their best in-store results since last April as customers flocked back to shops last week after snow had disrupted trading earlier in the month, according to data published on Friday.
Bahamas Petroleum Company CEO agrees to contract extension
Oil and gas exploration company Bahamas Petroleum Company announced on Friday that Simon Potter has agreed to a contract extension to his current employment contract, which expires on 31 March.
Graphene NanoChem shares to be cancelled from trading as it pursues acquisition
Nanotechnology performance-enhancing solutions provider Graphene NanoChem announced on Friday that, pursuant to AIM Rule 1, its shares would be cancelled from trading on AIM at 0700 GMT on Monday, 19 March.
US housing starts drop in February, dragged lower by multi-family units
US housing starts fell by over twice as much as expected last month, dragged down by a sharp fall in those for multi-family units.
Domino's Pizza UK to repurchase up to £32m of its shares
Domino's Pizza Group announced on Friday that, until 31 December, it will commence a discretionary programme to purchase up to £32m of its ordinary shares.
London midday: Miners and financials lift FTSE as Berkeley update hits builders
London equity indices were doing their darnedest to try and finish the week on a positive note, with the mining and financial heavyweights offsetting caution hitting the housebuilding and retail sectors.
Clear Leisure raises £300,000 to cover cryptocurrency strategy
AIM-quoted investment firm Clear Leisure raised £300,000 on Friday in an over-subscribed placing with certain existing and new investors in order to cover legal costs associated with debt recovery and to continue the development of the company's cryptocurrency strategy.
Euro area February CPI revised lower, estimate for 'core' prices unchanged
Eurostat revised its estimate for the rate of advance in consumer price inflation for February down from a preliminary reading of 1. 2% year-on-year to 1. 1%, versus a print of 1. 3% for January.
US pre-open: Flat start seen ahead of raft of data amid record inflow into stocks
Stocks are being called to start the session on a mixed to flat note ahead of a full slate of economic indicators due out before the opening bell and ahead of the quarterly expiry of derivatives on equities and indices later in the day.
Wetherspoon earnings rise as Tim Martin goes on another anti-EU tirade
Pub group JD Wetherspoon posted its preliminary half-year results on Friday, reporting a small 3. 6% rise in revenue before exceptional items to £830. 4m but "remains cautious" about the second half of the year.
Oxford BioDynamics presents ALS biomarker data at CNS Summit
AIM-quoted biotechnology firm Oxford BioDynamics has presented its latest biomarker data in a plenary talk at the sixth World CNS Summit in Boston, Massachusetts after it identified non-invasive biomarkers for the diagnosis and prognosis of neurodegenerative and psychiatric disorders.