Market News

London close: Footsie gains as pound drops, Wall Street hits fresh highs

15/12/2017 17:40

(ShareCast News) - The top flight index recovered some ground on Friday, but mostly on account of weakness in Sterling after German Chancellor Angela Merkel reportedly echoed other European Union officials, saying "the most difficult phase is ahead of us".

Strategic Minerals renegotiates acquisition of Leigh Creek Copper Mine

15/12/2017 16:03

(ShareCast News) - Diversified mineral production and development company Strategic Minerals announced on Friday that, after the successful completion of technical and financial due diligence on the Leigh Creek Copper Mine company, it has agreed to continue with the acquisition on renegotiated terms...

Gfinity partners with Microsoft for next Halo World Championship

15/12/2017 15:49

(ShareCast News) - International esports entertainment group Gfinity has been named as a preferred event partner to Microsoft for the forthcoming 'Halo World Championship 2018' for the next season, it announced on Friday.

Hutchison Chi-Med begins fruquintinib trial in US

15/12/2017 15:46

(ShareCast News) - Hutchison China MediTech, known as Chi-Med, has initiated the United States Phase I bridging clinical trial of fruquintinib, it announced on Friday.

US open: Stocks jump as Republicans move to secure passage of tax cuts

15/12/2017 15:16

(ShareCast News) - Wall Street is heading higher again on Friday amid news that Republicans were tweaking their proposed tax cuts in order to secure prompt passage of the US tax bill.

Airbus chief executive to step down in board shake-up

15/12/2017 15:15

(ShareCast News) - The chief executive of French planemaker Airbus will step down from his position in 2019 as the company announced a major shake-up of its management team.

70% chance of Trump attacking North Korea if it continues its military tests

15/12/2017 14:52

(ShareCast News) - Republican Senator Lindsey Graham puts the odds of the Trump administration ordering an attack on North Korea if it performs another nuclear test at 70%.

Ceres Power upbeat ahead of half-year point

15/12/2017 14:50

(ShareCast News) - Solid oxide fuel cell technology developer Ceres Power Holdings updated the market on its trading ahead of the end of the six month period to 31 December on Friday.

Conviviality offers failed P&H £25m for 109 stores

15/12/2017 14:46

(ShareCast News) - Independent alcohol wholesaler and distributor of alcohol and impulse products Conviviality announced on Friday that its wholly-owned subsidiary Bargain Booze has offered to acquire the business and assets of 109 convenience stores, and the rights as franchisor of a further 18 fra...

Nektan's Respin signs deal with Seven Feathers Casino

15/12/2017 14:43

(ShareCast News) - Respin, a wholly-owned subsidiary of Nektan, has reached an agreement with Seven Feathers Casino Resort in Oregon.

Week ahead: US data, Catalan elections in focus

15/12/2017 14:10

(ShareCast News) - The focus in the coming week will continue to be on the ebb and flow of data out of the US, including Republicans' progress on securing passage of their tax cuts.

US industrial production rises slightly less than expected in November

15/12/2017 14:09

(ShareCast News) - Industrial production in the States rose slightly less quickly than expected last month, despite higher output of business equipment and materials.

Empire State index dips in December, as expected

15/12/2017 14:00

(ShareCast News) - A widely-followed gauge of factory sector conditions in the jurisdiction of the Federal Reserve Bank of New York dipped in December, just as expected by economists.

FTSE 250 movers: TalkTalk rises but Serco gives back gains

15/12/2017 13:59

(ShareCast News) - London's FTSE 250 was up 0.1% to 20,023.23 in afternoon trade on Friday as the Christmas lull kicked in.

FTSE 100 movers: Sky jumps but retailers retreat on H&M sales

15/12/2017 13:57

(ShareCast News) - London's FTSE 100 was up 0.3% to 7,469.23 in quiet afternoon trade on Friday.

AstraZeneca's drug pipeline call reinforces Barclays 'top pick' in sector

15/12/2017 13:29

(ShareCast News) - After AstraZeneca's chief medical officer indicated 2018 will see no let-up in the flow of news about the drugs pipeline, Barclays said the shares offer significant potential upside.

US pre-open: Stocks to edge up as investors put aside tax bill concerns

15/12/2017 11:29

(ShareCast News) - US futures pointed to a positive open on Wall Street on Friday as investors brushed aside worries about the passage of the US tax bill.

London midday: Stocks nudge up as EU leaders agree to take Brexit talks to next phase

15/12/2017 11:29

(ShareCast News) - London stocks had managed to nudge a touch higher by midday on Friday as EU leaders confirmed they will move on to the second phase of Brexit negotiations, but with worries about the passage of the US tax bill weighing on investors' minds.

Asia report: Most markets lower after weak Thursday on Wall St

15/12/2017 11:27

(ShareCast News) - Most markets in Asia finished lower on Friday, after a red session on Wall Street overnight amid fresh concerns about the future of federal tax reform in the US.

Assystem Technologies makes £281m bid for SQS

15/12/2017 11:25

(ShareCast News) - SQS Software Quality Systems announced on Friday that it has reached agreement with Bidco on the terms of a recommended all-cash offer to be made by Bidco for the entire issued and to-be-issued share capital of SQS it does not not already own.

Gaming Realms agrees 10-year deal and convertible loan with Jackpotjoy

15/12/2017 11:07

(ShareCast News) - Gaming Realms, the digital games developer, has agreed a 10-year framework deal with Jackpotjoy to supply various real-money services "on favoured terms", with Jackpotjoy stumping up a £3.5m convertible loan.

Active Energy's CoalSwitch gets thumbs-up from Utah Governor's Office

15/12/2017 11:01

(ShareCast News) - Biomass based renewable energy and forestry management company Active Energy has received a letter of support from the Governor's Office of Energy Development in Utah, it said on Friday, regarding Advanced Biomass Solutions' plans for the 'CoalSwitch' plant.

Luceco issues profit warning after accounting error

15/12/2017 10:57

(ShareCast News) - Manufacturer and distributor of LED lighting products, Luceco, updated the market on its for the year to 31 December on Friday, reporting that it has seen gross margins weaken during the second half of the year.

Luxembourg appeals EU ruling for Amazon to collect €250m in unpaid taxes

15/12/2017 10:54

(ShareCast News) - Luxembourg is mounting a challenge to an EU ruling which ordered it to collect €250m in unpaid taxes from US tech giant Amazon.

Ortac's Casa Mining identifies 'significant' additional gold mineralisation

15/12/2017 10:53

(ShareCast News) - Ortac Resources announced on Friday that Casa Mining, in which it currently holds an effective 84.7% economic stake, has completed a review of previous exploration activity in the Akyanga license area.

Path enters conditional farm-in deal with 5P Energy

15/12/2017 10:49

(ShareCast News) - Path Investments has entered into a conditional farm-in agreement with 5P Energy, it announced on Friday, in relation to the potential acquisition of a 50% participating interest in a producing gas field - the Alfeld-Elze II Licence and Gas Field in Germany.

Segro boosted by Liberum upgrade to 'buy'

15/12/2017 10:46

(ShareCast News) - Segro got a boost on Friday as Liberum upgraded the stock to 'buy' from 'hold' and hiked the price target to 640p from 505p as it upgraded its net asset value forecasts by around 7%.

Tullow Oil in line for potential January catalyst, says Barclays

15/12/2017 10:38

(ShareCast News) - Tullow Oil's January trading statement is likely to be a positive catalyst for the shares, said Barclays, reiterating its 'overweight' rating on Friday.

Bacanora Minerals agrees 20% placing, lithium offtake deal with Japanese investor

15/12/2017 10:37

(ShareCast News) - Bacanora Minerals has sold a large chunk of shares and agreed an off-take deal with an overseas institutional investor as it seeks to develop its lithium project in Mexico.

FCC votes to end net neutrality in US

15/12/2017 10:31

(ShareCast News) - The Federal Communications Commission has voted to revoke net neutrality legislation introduced by Barack Obama in order to limit the power of large telecoms firms.

Friday broker round-up

15/12/2017 09:53

(ShareCast News) - Barclays: Investec downgrades to hold with a target price of 215p.

SDL tumbles as it warns over 2017 earnings

15/12/2017 09:49

(ShareCast News) - Shares in SDL tumbled on Friday after the software maker warned that its adjusted earnings for 2017 will be below current market expectations if some of its software deals don't close by the end of this year.

Scottish alcohol prices could soar 90% with new minimum unit price

15/12/2017 09:43

(ShareCast News) - The Scottish government is set to implement a minimum 50p unit price for alcohol on 1 May 2018, which will have the greatest effect on beer and cider.

Ryanair to recognise unions as it looks to avert strike disruption

15/12/2017 09:30

(ShareCast News) - Budget airline Ryanair is set to recognise pilot unions for the first time in its history as it looks to avoid strikes over Christmas.

Hornby appoints Kirstie Gould as CFO

15/12/2017 09:27

(ShareCast News) - Model train set maker Hornby said on Friday that Kirstie Gould, currently a consultant in the finance department, will take over from chief financial officer David Mullion, who is stepping down from the board at the end of this month.

Trinity Mirror reports mixed sales news as Northern & Shell talks progress

15/12/2017 08:41

(ShareCast News) - Trinity Mirror said it was making "good progress" with talks to acquire the Daily Express and Daily Star and that digital revenues had risen in the fourth quarter but overall sales were lower.

London open: Stocks flat amid worries over US tax bill passage

15/12/2017 08:16

(ShareCast News) - London stocks were little changed in early trade on Friday amid worries about the passing of the US tax bill and as investors eyed the next phase of the Brexit saga.

Brexit: EU leaders agree to move to second phase of talks

15/12/2017 08:13

(ShareCast News) - European Union leaders have agreed to start the next phase of Brexit negotiations on Friday, having given Prime Minister Theresa May's overnight speech a warm reception.

SThree sees full-year profit slightly ahead of market views

15/12/2017 08:10

(ShareCast News) - Recruiter SThree hailed a strong finish to the year on Friday as it said adjusted pre-tax profit is expected to be slightly ahead of current market consensus.

Tritax Big Box extends debt facility

15/12/2017 08:03

(ShareCast News) - Real estate investment trust Tritax Big Box has agreed terms to extend the maturity on its existing loan facility with Landesbank Hessen-Thüringen Girozentrale.

Aveva awaits US approval for Schneider merger, disappointed on tax ruling

15/12/2017 07:54

(ShareCast News) - Aveva's £3bn agreed merger with Schneider Electric is expected to gain final regulatory approval by mid-February, though the industrial software group was disappointed by a UK tax ruling on the deal.

Persimmon chairman resigns over executive pay dispute

15/12/2017 07:51

(ShareCast News) - The chairman of housebuilder Persimmon, Nicholas Wrigley, is planning to retire following a dispute over an incentive scheme for executive pay.

Friday newspaper round-up: HS2, Airbus, Millennium & Copthorne

15/12/2017 07:42

(ShareCast News) - The US's top media regulator voted to end rules protecting an open internet on Thursday, a move critics warn will hand control of the future of the web to cable and telecoms companies. At a packed meeting of the Federal Communications Commission (FCC) in Washington, the watchdog's...

Standard Life Aberdeen outflows remain stable as integration 'on track'

15/12/2017 07:41

(ShareCast News) - Standard Life Aberdeen reported its investment funds continued to leak flows in the group's first update since its merger was finalised, though outflows lessened year on year.

London pre-open: Stocks to nudge lower amid worries about US tax bill

15/12/2017 07:37

(ShareCast News) - London stocks were set nudge lower at the open on Friday following downbeat sessions in the US and Asia, as investors worry about the passage of the US tax bill.

BGEO subsidiary begins construction of Bodorna hydro power plant

15/12/2017 07:32

(ShareCast News) - BGEO Group announced on Friday that its utility and energy subsidiary, Georgia Global Utilities, has begun construction of Bodorna hydro power plant near Bodorna reservoir.

Sky and BT to sell each other's channels

15/12/2017 07:30

(ShareCast News) - Sky and BT have agreed a deal to sell their channels on each other's platforms.

London close: Footsie lower as traders test Sterling upside

14/12/2017 17:42

(ShareCast News) - London stocks finished lower on Thursday as the Bank of England stood pat on monetary policy, as widely expected, but amid dovishness across the Pond and on the other side of the Channel which resulted in a stronger Sterling.

FCA fines tally falls to 15-year low

14/12/2017 14:08

(ShareCast News) - The number of fines imposed by the Financial Conduct Authority in 2017 has fallen to the lowest since 2002 when modern regulation of the City was in its infancy.

US retail sales rise 0.8% in November, comfortably beating forecasts

14/12/2017 13:14

(ShareCast News) - The US Commerce Department reported retail sales to be 0.8% higher in November, easily surpassing forecasts of 0.3%.

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