Market Report
Arrow Global finalises acquisition of Mars mortgage business
Credit management service Arrow Global Group finalised its acquisition of Mars Capital's UK and Irish mortgage servicing business on Friday.
IHS Markit US manufacturing PMI drops to 53.9 in November
US manufacturing activity slowed a little less than expected in November, according to figures released on Friday.
Royal Mail shareholders 'not the priority' in 2018, Deutsche Bank downgrades
Royal Mail is a hard company to forecast at the moment, with numerous moving parts and risks, said Deutsche Bank as it cut its forecasts and moved the shares to a 'sell' recommendation.
Fed needs to move cautiously on interest rate hikes, Bullard says
US central bankers need to be more cautious, lest the interest rate curve 'invert', choking off growth, a top rate-setter said.
African Potash enters joint venture with SG
African Potash announced on Friday that, under a memorandum of understanding with the government of the Republic of Congo signed on 2 August, it has entered into a joint venture agreement with SG.
Rose Petroleum sells Mexican mill operation
AIM-quoted natural resources business Rose Petroleum has completed the disposal of its mineral processing mill operation in San Dieguito de Arriba in Mexico.
Key senate tax reform vote delayed until Friday
Tax reform in the US introduced by congressional Republicans and Donald Trump hit another stumbling block on Thursday after a key vote in the Senate was pushed back until Friday.
Midwich Group acquires Sound Technology
Audio visual firm Midwich Group acquired the entire issued share capital of UK-based audio and lighting solutions company Sound Technology on Friday.
Corbyn tells Morgan Stanley it is right to consider him 'a threat'
Labour party leader Jeremy Corbyn told Morgan Stanley that banks were right to consider him a threat due to his plans to overhaul a rigged economy that benefits speculators at the expense of everyday people.
SkinBioTherapeutics awarded Australian patent for SkinBiotix
Life sciences company SkinBioTherapeutics announced the granting of the first patent for its ‘SkinBiotix’ technology in Australia on Friday.
Games Workshop ends first half as expected
Games Workshop reported preliminary estimates indicating sales of £109m in the first six months of its 2018 financial year in a trading update on Friday, and an operating profit of £38m for the period.
AstraZeneca's Juhana Heinonen on the move to Faron
Clinical stage biopharmaceutical company Faron Pharmaceuticals announced the appointment of Dr Juhana Heinonen as its chief commercial officer on Friday, to join the firm in January.
RM2 fails to secure forecast funding by end of November
Sustainable pallet developer RM2 International updated the market on its trading and financial position on Friday, reporting it had not yet been able to secure the funding required to confirm a 12-month production forecast for its Chinese manufacturing partner Zhenshi.
Billabong receives takeover bid from US rival Boardriders
Australian surf brand Billabong has received a takeover bid from US rival Boardriders - formerly Quiksilver - which values the group at around AUD198m ($150m).
Retail sales spike in Black Friday week, BDO confirms
Retailers enjoyed a bittersweet respite from the recent gloom on the high street as Black Friday sales in the last week were lifted back into growth territory, though overall footfall was still disappointing.
Firestone Diamonds loses some sparkle as production estimates cut
Miner Firestone Diamonds warned that although it began commercial production in the summer, output was expected to be lower than its previous estimate of 2m carats per year to a rate of 800,000.
London midday: Stocks turn lower despite solid manufacturing data
London stocks had turned lower by midday on Friday despite a strong reading on the UK manufacturing sector and a weaker pound, with bank stocks in the red as RBS announced the closure of one in four branches.
Europe midday: Stocks start December on weak note amid US tax reform doubts
Stocks on the Continent have begun the new month in poor form, with the selling seen over the past few days carrying over into the new month, as a degree of uncertainty over the prospects for tax reform in the States resurfaced.
Asia report: Markets finish week mixed and oil prices rise further
Markets in Asia finished mixed on Friday, after a rallying session in the US overnight and a further uptick in oil prices, following an agreement between Russia and OPEC to extend their production limit to the end of 2018.
Alliance Pharma to acquire anaesthetic gel from Smith and Nephew
Speciality pharmaceutical group Alliance Pharma has acquired the rights to Ametop from global medical technology business Smith & Nephew for a total consideration of $7. 5m.