Market Report
US President and Chinese offcials sound positive note ahead of G-20
The US President and two top Chinese officials made positive sounding remarks regarding the prospects for reaching a deal on trade at the upcoming G-20 meeting in Buenos Aires, Argentina.
Asia report: Most markets lower as sentiment remains depressed
Most markets in Asia finished in the red on Friday, with investors keeping their wallets firmly in their back pockets as geopolitical tensions between Washington and Beijing remained taut.
Tufton Oceanic Assets buys eighth ship
Tufton Oceanic Assets has agreed to acquire a container ship for $13m, it announced on Friday.
Oxford BioMedica forms new digital framework initiative
Gene and cell therapy group Oxford BioMedica announced the formation of a new digital framework initiative on Friday, which it said would streamline the production of next-generation medicines.
Palace Capital selling 50 flats to Barnet council
Property investment company Palace Capital has exchanged contracts to sell 50 residential units for a total consideration of £18. 2m, it announced on Friday, reflecting 97% of their book value, to the London Borough of Barnet.
Burberry turnaround 'will take some time', Kepler upgrades
Burberry should become a more attractive brand in future, but the market's expectations are more reasonable on the fact that this will take several seasons, said broker Kepler as it upgraded its rating on the fashion retailer.
Directa Plus signs contract to supply oil spill clean-up material
Graphene-based products producer and supplier Directa Plus has signed a €0. 2m contract to supply a graphene-based ‘Grafysorber’ mobile production unit and a set of G+ oil adsorption barriers to GSP Group, it announced on Friday, for use in offshore emergency situations and to clean water in harbours and ports.
Amerisur enters farm-out agreement at Putumayo
Oil and gas producer and explorer Amerisur Resources has entered into a farm-out agreement with Occidental Andina - an affiliate of international oil and gas exploration and production company Occidental Petroleum Corporation - it announced on Friday.
Marlowe secures new debt facility
Support services group Marlowe has signed a new, enlarged revolving credit facility with HSBC and National Westminster Bank.
Pantheon International sees good growth in October
Pantheon International updated the market on its performance for October on Friday, reporting an unaudited net asset value per share as at the end of the months of 2,603. 2p, an increase of 39. 6p or 1. 5% from the end of September.
Fuller, Smith & Turner H1 profits dip on pre-Christmas investment
Fuller, Smith & Turner reported a rise in first-half revenue but a dip in profits as it invested in its estate ahead of the busy Christmas period.
Gateley sees FY revenue up 18.5% after strong first half
Law-led professional services group Gateley said on Friday that full-year revenue is expected to rise at least 18. 5%, as it highlighted a "strong" performance in the first half.
Derwent London reshuffles board
Derwent London will promote its property director to chief executive and its chief executive to chairman, after Robert Rayne gave notice that he will step down after 12 years in the role.
Seeing Machines CFO James Palmer to step down
Seeing Machines said on Friday that James Palmer will step down as chief financial officer for personal reasons.
London open: Stocks nudge lower ahead of EU summit; Kingfisher hit by downgrade
London stocks nudged lower at the open on Black Friday as investors eyed this weekend's EU summit in what was shaping up to be a fairly quiet end to a busy week.
Indivior gets shot of pain relief from Canada
As it battles a legal headache in the US, Indivior had some good news north of the border on Friday, as where regulators approved its new long-lasting treatment for opioid addiction.
HICL Infrastructure venture selected to operate another transmission link
HICL Infrastructure Company announced on Friday that Diamond Transmission Partners, a consortium comprising itself and Mitsubishi subsidiary Diamond Transmission Corporation, has been selected by Ofgem as the preferred bidder to own and operate the offshore transmission link to the Galloper Offshore Wind Farm project.
Ibstock sells US brickmaking business, Indivior gets good news from Canadian regulator
London open The FTSE 100 is expected to open 14 points lower on Friday, having closed down 1. 28% at 6,960. 32 on Thursday.
James Fisher backs full-year guidance as revenues rise
Marine services company James Fisher backed its outlook for the year on Friday as it posted a 14% jump in revenue for the 10 months to the end of October.
London pre-open: Stocks to edge higher as investors eye EU summit
London stocks were set to edge higher at the open on Black Friday as investors eyed this weekend's EU summit.