Market Report
Sector movers: Industrial transportation, electricity stocks drop
Industrial transportation stocks led to the downside even as analysts at Deutsche Bank expressed a positive view on the outlook for the sector despite its 37% gain year-to-date at the pan-European level and 21. 5% outperformance versus the Stoxx 600.
Week ahead: Service PMIs, Chinese trade data in focus
The coming week will be back-end loaded, with data on UK industrial production and foreign trade in October set for release on Friday.
Europe close: Midday rally smothered out by US political controversy
Stocks on the Continent have begun the new month in poor form, with a late advance into the black breaking down as news of the brewing political controversy in the US hit the wires.
Macy's plans to hire 7,000 seasonal workers after 'great start' to holiday trading
US department store chain Macy's announced on Friday that it would be hiring 7,000 additional seasonal employees at its stores after a "great start" to the holiday trading period.
London close: Stocks succumb to selling as Russia controversy envelops US administration
London stocks ended the Friday session on a down note as reports began to break that ex-US national security agency chief Michael Flynn might testify against his previous boss, the US president.
FTSE 100 movers: Banks suffer as US tax reform boosts Ferguson and Ashtead
The UK’s FTSE 100 index edged higher in afternoon trading at the end of the week on a quiet day on the corporate news front.
CentralNic renegotiates terms on SK-NIC acquisition
Software developer CentralNic announced on Friday that after its August acquisition agreement with Slovakian domain registrar SK-NIC had lapsed, the structure of the deal had changed, with the firms entering into a new share purchase agreement (SPA) on 30 November.
Director dealings: Morgan Sindall chief executive disposes of 50,000 shares
John Christopher Morgan, chief executive of construction and regeneration group Morgan Sindall, disposed of 50,000 ordinary shares in the firm on Friday, collecting £690,000 in the process.
High Court judge rules in favour of Morrisons workers in data leak claims
Britain's high court has accepted a compensation claim made by more than five thousand current and former Morrisons staff whose personal details leaked on to the internet, a case that could have far reaching implications for every person and business in the UK.
Warnings of 'equity correction' and 'red lights' fly thick and fast
A stock market correction of around 40% in global equity indices is a "real possibility", analysts warned on Friday as stocks soar "higher than the festive reindeer" and star UK investor Neil Woodford sees “so many lights flashing red” he is put off from buying.
US open: Wall Street down after report ex-NSA Michael Flynn might testify against Trump
The spotlight on Wall Street shifted rapidly, from Friday afternoon's expected Senate vote on that chamber's proposed tax reforms to the political arena, after news broke that ex-US national security adviser Michael Flynn would testify against the president.
RBS to close one in four branches as smartphone transactions rise 73%
Royal Bank of Scotland has begun the process of closing 259 branches and making an associated 680 job cuts, the latest in a swathe of closures across the sector in this week alone.
Diversified Gas & Oil acquires 550 Ohio wells
Appalachian Basin-focussed producer Diversified Gas & Oil announced the acquisition of 550 wells in Central Ohio from NGO Development Corporation on Friday.
Lekoil confirms production increase at Otakikpo
Africa-focussed oil and gas exploration, development and production company Lekoil announced an increase in current production at the Otakikpo Marginal Field in the OML 11 licence area on Friday.
US manufacturing growth remains strong in November, ISM says, new orders rise
The results of the most widely-followed survey of manufacturing conditions in the States dipped slightly last month, but continued to point towards robust conditions in the sector.
FTSE 250 movers: Indivior surges but Countryside slides on placing
London's FTSE 250 was flat at 19,957. 08 in quiet afternoon trade on Friday.
China Medical System puts £3m into Destiny Pharma
Clinical stage biotechnology company Destiny Pharma announced on Friday that China Medical System Holdings has, through its wholly owned subsidiary CMS Medical Venture Investment, invested £3m in Destiny to accelerate the development of its pipeline of drug candidates.
Petro Matad financing deal with Bergen terminated
Mongolia-focussed oil explorer Petro Matad announced on Friday that its amended and restated share purchase and convertible securities deed between itself and Bergen Global Opportunity Fund, dated 14 August, has been terminated by the parties by mutual consent.
Premaitha Health CEO receives industry accolade
Molecular diagnostics group Premaitha Health confirmed on Friday that its CEO, Dr Stephen Little, has received Bionow's ‘Outstanding Contribution’ award in recognition of his "significant contribution to the biomedical sector”.