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London close: US tax cut delays weigh on stocks
Shares ended lower amid ongoing delays to the passage of tax cuts in the US Congress even as investors mulled over the latest better-than-expected data on manufacturing, industrial production and construction.
Europe close: Shares finish session near day's lows
Stocks on the Continent ended lower, clocking in with some of their steepest weekly losses since August over disappointment on the outlook for prompt passage of US tax reforms.
Director dealings: Bellway management offload shares ahead of annual report
Bellway's chief executive, who had been on a leave of absence since August, Ted Ayres disposed of 18,768 ordinary shares in the residential property developer on Friday.
Republicans advance tax cut packages through House and Senate
Oxford Economics senior analyst Nancy Vanden Houten said on Friday that as a result of US local elections on Tuesday the Republican party were beginning to feel a sense of urgency in passing its tax cut package after Democrats picked up a slew of new seats, showing the President's agenda may not be working.
Week ahead: Central banks in focus
Central banks will be in focus next week, especially on Tuesday, when Governor Mark Carney is scheduled to participate on a panel with Federal Reserve chair Janet Yellen as well as the ECB's Mario Draghi and their Japanese counterpart Haruhiko Kuroda.
Hertz pushes higher on increased revenues
US rental vehicle group Hertz Global posted stronger than expected net profits on Thursday as increased sales and revenue management successfully offset losses from cancelled reservations in those parts of the country which had been hit hard by hurricanes Harvey and Irma.
Losses widen at JC Penney despite same-store sales doubling market expectations
American department store chain JC Penney reported same-store sales growth that more than doubled analysts' forecasts, sending its stock price surging.
Trinity Capital completes sale to DB Realty Limited
Boutique investment banking firm Trinity Capital (TC-10) announced on Friday the completion of a sale to DB Realty Limited (DB), a Mumbai based Real Estate development company, of compulsory convertible preference shares issued by DB Realtors Private Limited (CCPS) to Trinity Capital Mauritius Limited (TCML), of which owns the entire economic interest in CCPS.
Numis Securities sees no impact on Workspace from WeWork expansion
Numis Securities said on Friday that after the release of real estate investment trust Workspace's first-half results its future seemed to be far from "plain-sailing" despite the group having been "seemingly unphased" by the activity of competitor WeWork.
Trump lashes out at 'trade abuses' in APEC speech
US President Donald Trump has lashed out at unfair trading practices during a key speech at the Asia-Pacific Economic Cooperation summit in Vietnam.
US open: Moderate selling continues amid tax cut doubts
Wall Street's main market gauges were again bathed in red on Friday amid concerns that a possible delay in corporate tax cuts until 2019 could put an end to the recent rally in equity markets.
US consumer confidence slips in November, but wage expectations rise
Consumer sentiment in the US is a little bit weaker at the start of month, although still at lofty levels, even as Americans and analysts ponder the prospect for rising official rates and try and anticipate their potential impact on spending.
AppScatter launches Android software development kit
Business-to-business software-as-a-service platform appScatter Group confirmed the launch of the appScatter Android Software Developer Kit (SDK) on Friday, with it now available to 25 million software developers on computer code hosting service GitHub.
Pete Gardner appointed CFO-designate of Chaarat Gold
Gold exploration and development company Chaarat announced an addition to its senior management team on Friday, saying Pete Gardner has joined as chief financial officer-designate.
MobilityOne to acquire 55pc of MiTP
E-commerce infrastructure payment solution and platform provider MobilityOne announced on Friday that, on 9 November, it signed - via its recently incorporated wholly-owned subsidiary MobilityOne South Asia - a sale and purchase agreement with Zahir Uddin and Shahin Hossain to acquire a 55% shareholding in MiTP for a nominal cash consideration of BDT 0. 55m, payable from the group's existing cash resources.
Amphion partner Polarean Imaging valued at $19m ahead of planned IPO
Medical, life science and technology business Amphion Innovations updated the market on its partner company Polarean Imaging, in which Amphion currently has an interest of around 26%, on Friday.
FTSE 250 movers: Halfords higher on upgrade; Ultra Electronics slides
London’s FTSE 250 was down 0. 2% to 20,038. 05 in afternoon trade on Friday.
Caledonia Mining planning extension of Blanket central shaft
Following its announcement of an updated resource statement on 2 November, Caledonia Mining Corporation announced on Friday that it plans to extend the depth of the central shaft at its 49% subsidiary, the Blanket Mine in Zimbabwe.
Oxford Pharmascience plans demerger of main operations
Listed company Oxford Pharmascience announced its intention to demerge certain operating and other assets and the business of the group to Oxford Pharmascience Limited (OPL) on Friday, following a board strategic review of the group's operations.