MARKET REPORT
15 Nov
oilfield
Solo Oil enters $5m convertible loan agreement

Solo Oil has entered into a convertible loan agreement with institutional investors arranged by RiverFort Global Capital, it announced on Tuesday, for a total maximum commitment of $5m.

14 Nov
Wednesday preview: UK labour market data, results from Experian, Barratt, TalkTalk

Wednesday's unemployment and wage data will be examined after trading updates and results from the likes of Barrett Developments, Experian, Great Portland and TalkTalk.

14 Nov
deutsche-bank-annoncerait-des-suppressions-de-postes 20171017193905
Europe close: Basic Resources weigh, Deutsche Bank downgrades German stocks

European stocks yielded on Tuesday as the single currency regain some altitude on the back of a surprisingly strong reading on Germany's third quarter gross domestic product, alongside another burst of weaker-than-forecast Chinese economic data.

14 Nov
china, shanghai, smog, environment, asia
London close: FTSE flat as miners slip and inflation surprises

London stocks failed to clinging on to positive territory by the close on Tuesday as mining heavyweights slipped on Chinese data and the pound had a mixed day after data showed UK inflation unexpectedly holding steady.

14 Nov
chicken
US open: Strategists sound divergent note on outlook for stocks

Stocks are again seeing slight losses on Tuesday as some, but not all, of Wall Street's most veteran investors sound a cautious note on the outlook for the current bull market equities.

14 Nov
cash money sterling pound
Paper £10 notes will be removed from circulation in March 2018

The Bank of England on Tuesday announced that paper £10 notes, which feature a picture of Charles Darwin, will cease to be legal tender after 1 March 2018.

14 Nov
vote
IDOX announces increased revenue and profits ahead of full-year results

Information management solutions group IDOX said in a year-end trading statement on Tuesday that it had continued to deliver on its strategy throughout the year ended 31 October, growing both revenues and profits.

14 Nov
merrill-lynch-banque
BofA-ML strategists cautious as fund managers chase markets higher

"Icarus is flying ever closer to the sun," Bank of America-Merrill Lynch's chief investment strategist said, pointing to signs of 'irrational exuberance' among investors in the investment bank's latest global survey of fund managers.

14 Nov
blockchain
Director dealings: Sophos chairman cashes in on more than £4m of shares

Steve Munford, non-executive chairman of network security business Sophos Group, sold 750,000 ordinary shares in the firm between 10 November and 13 November, collecting more than £4m in the process.

14 Nov
ep crj1000 bombardier
EgyptAir signs letter of intent to buy 24 Bombardier CS300 jets

From the sidelines of the Dubai Airshow, the President of Bombardier Commercial Aircraft, Fred Cromer, together with the CEO of EgyptAir Holding Company, Safwat Musallam, celebrated the signature of a letter of intent for a maximum of 24 CS300 aircraft.

14 Nov
britvic
Britvic loses its fizz on Shore downgrade to 'hold'

Britvic was under the cosh on Tuesday as Shore Capital cut its stance on the drinks maker to ‘hold’ from ‘buy’ ahead of its preliminary results on 29 November.

14 Nov
ep chateando gentemovi usandomovil jovenessmartphone
AppScatter to launch platform on 22 November

App distribution software-as-a-service provider AppScatter Group announced on Tuesday that the formal launch of its appScatter platform has been set for 22 November.

14 Nov
inmarsat inflight gx aviation ifc
Morgan Stanley cuts Inmarsat target, highlights competitive threat in Aviation

Analysts at Morgan Stanley marked down their target price for shares of Inmarsat from 760p to 620p , pointing to expected margin pressures in Government, Aviation and Central Services to justify their decision.

14 Nov
Tesco aims for 2018 Booker takeover as CMA waves deal through

Tesco's controversial takeover of wholesaler Booker has been given provisional clearance by the UK competition authority after an in-depth review, though one analyst bemoaned "what on earth is going on?" and said it could presage other major mergers.

14 Nov
libras
Abcam starts new financial year on a positive note

Investors in life science research tools supplier Abcam were told that the new financial year had started “positively” on Tuesday, as they gathered for the company’s annual general meeting.

14 Nov
Firstgroup bus, transport 125
FTSE 250 movers: Intermediate Capital rallies, FirstGroup loses steam

London’s FTSE 250 was up 0. 5% to 19,879. 84 in afternoon trade on Tuesday following the release of the latest inflation figures.

14 Nov
ep disturbiosvenezuela
S&P cuts Venezuela's sovereign debt rating to 'selective default'

Standard&Poor's downgraded its rating on the long-term debt of Venezuela after the Caribbean country missed $200m of coupon payments on already outstanding debt, even as Caracas prepares to attempt a restructuring of its foreign debt pile.

14 Nov
Sainsburys store, retail, supermarkets, Sainsbury's
Supermarkets surf food inflation wave to grow sales - Kantar/Neilsen data shows

Food price inflation breaking through to a four-year high has helped supermarket sales in recent weeks, with Sainsbury’s and Tesco both enjoying a strong period of growth, according to surveys released on Tuesday.

14 Nov
actasfed
Services push US factory gate inflation higher in October

Dearer services prices pushed factory gate inflation past economists' forecasts last month.

14 Nov
Money coins pound
Frenkel Topping trading 'significantly ahead' of 2016

Specialist independent financial advisor and asset manager Frenkel Topping updated the market on its trading for the current financial year on Tuesday, reporting that its performance in the year to 31 October has been “significantly ahead” of the same period in 2016, and was broadly in line with expectations.