Market Report
Kellogg's invests $66m into expansion of Brazilian operations
Cereal maker Kellogg's has made an investment of BRL 215m towards an expansion of operations in the south of Brazil, the company announced on Friday.
Europe close: Stocks jump amid strong inflows from investors
European stocks found a bid heading into the weekend, amid data revealing strong inflows into the bloc's equity markets.
London close: Dip in pound offsets weakness in retailers
London stocks were boosted on Friday by weakness in the pound, which slipped following the release of disappointing retail data that added to the sector's woes alongside a profit warning from Carpetright.
Director dealings: Premier Technical Services heads sell 750,000 shares each
John Foley, chairman of UK-based permanent façade access equipment firm Premier Technical Services Group (PTSG), sold 750,000 ordinary shares in the company on Friday, as did chief executive Paul Teasdale, with the pair collecting over £1. 5m a piece as a result of the two transactions.
US open: Stocks higher even as government shutdown looms
Wall Street's main market gauges are trading mostly higher despite a downbeat close the day before, as investors put aside their concerns about a possible government shutdown ahead of a key Senate vote.
FTSE 100 movers: Broker upgrades provide light amid retailer's gloom
FTSE 100 shares looked to break a four-day losing streak on Friday, boosted by a weaker pound and with broker upgrades providing some optimism among the gloomy retail updates.
Motif Bio files shelf registration in the US
Clinical-stage biopharmaceutical company Motif Bio announced on Friday that it has filed a ‘universal’ shelf registration statement on Form F-3 with the US Securities and Exchange Commission.
SEC raises concerns over Bitcoin investor funds
The US Securities and Exchange Commission cautioned investors over bitcoin-themed investments on Thursday, as the regulator warned the fund industry that it wanted answers to its vast concerns before making any moves to endorse multiple proposed products based on cryptocurrencies.
Broker tips: Halfords, Fevertree Drinks, Easyjet
Canaccord Genuity upped its stance on Halfords to 'buy' from 'hold' on Friday, lifting the price target to 436p from 370p following the company's third-quarter update a day earlier.
BT attempt to change pension indexation blocked by High Court
BT Group has been blocked by a High Court ruling from changing the rate of inflation used to calculate the pension deficit for many of its workers.
Altus acquisiton of Legend projects moves a step closer
Africa-focussed exploration project generator Altus Strategies announced on Friday that Legend Gold had received the requisite shareholder approval in connection with the proposed plan of arrangement as agreed between Altus and Legend and announced on 21 November last year.
Impax completes acquisition of partner Pax Asset Management
Impax Asset Management Group announced on Friday that, further to its statement on 18 September last year, the acquisition of Pax World Management had completed following the admission to trading on AIM of the 2,665,989 consideration shares on Thursday.
Weatherly posts bumper production at Tschudi
Weatherly International issued its update for the quarter to 31 December on Friday, reporting that Tschudi cathode production improved by 15% quarter-on-quarter to 4,739 tonnes, which was 11. 5% above nameplate over the quarter.
IBM falls despite posting first rise in revenue for 23 months
Tech-giant IBM closed out the 2017 calendar year with a rise in revenues for the first time in almost six years, but shares slipped in early trading after the firm warned that higher tax rates would eat away at its profits from the current trading year.
SPD leader warns another German election would cause party further harm
Martin Schulz, the head of Germany's Social Democratic Party, urged members of his party to endorse coalition talks with Chancellor Angela Merkel and her Christian Democratic Union in order to avoid another national election that could cause the party further damage.
Suntrust earnings get boost from US tax reforms
US-lender Suntrust Banks posted net income of $710m from the three months leading to 31 December as the revaluation of its deferred tax liability and other discrete items added $291m to the group's bottom line.
US consumer confidence dips in January, Univ. of Michigan says
Consumer confidence in the US dipped at the start of January amid a small increase in expectations for gas prices and uncertainty around the lagged impact of tax cuts, according to the results of one of the most closely-followed sentiment surveys.
Canaccord bumps Halfords up to 'buy', sees return to positive momentum
Canaccord Genuity upped its stance on Halfords to 'buy' from 'hold' on Friday, lifting the price target to 436p from 370p following the company's third-quarter update a day earlier.
FTSE 250 movers: Acacia glitters as gold rallies; Dignity tumbles on profit warning
London's FTSE 250 was down 0. 1% to 20,652. 10 in afternoon trade on Friday, with retailers in focus.
French esports franchise ARES joins Gfinity's Elite Series
Esports entertainment group Gfinity announced on Friday that Paris-based esports franchise ARES has acquired its place on the roster at the Gfinity Elite Series season three, which is due to commence in March.