Market Report
8:28am
sundays
Sunday newspaper round-up: General election, BT, Nationwide, TSB, Rathlin Energy, Saudi Aramco

Labour’s policies including a pledge to nationalise the bulk of Britain’s broadband network threaten to “crack the foundations of our economy”, according to the head of the Confederation of British Industry. Dame Carloyn Fairburn said the plan to nationalise BT had left industries wondering if they would be the next to be targeted. Asked by Sky if Jeremy Corbyn was a “friend to business” she said that the CBI “really understand the questions that Labour are asking.

Nov 15
New York Stock Exchange, NYSE, markets, Wall Street
US close: Stocks hit fresh highs as US and China reportedly near a deal

Wall Street closed at fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China.

Nov 15
Euros , banknotes, single currency, euro , eurozone, money, cash. Image: TaxRebate.org.uk
Europe close: Markets finish Friday higher as investors remain hopeful on trade

European stocks were mixed at lunchtime on Friday, reversing early gains as another spate of optimism for an initial US-China trade deal was muddied by corporate news.

Nov 15
city of london skyline
London close: Stocks reverse lunchtime losses to finish higher

Stocks in London reversed their lunchtime losses to finish in the green on Friday, after a top White House official told reporters that a US-China trade deal was "near", assuaging some investors' concerns of a potential 'false dawn' in negotiations.

Nov 15
l-ue-debat-de-la-duree-du-report-du-brexit
Fifteen countries outside the EU ask for Brexit trade compensation

Fifteen countries including Australia, the US, India and New Zealand have asked for trade compensation from the UK and the EU over the economic hit caused by Brexit.

Nov 15
copper cobre anglo metals
Thor pleased with fresh progress at EnviroCopper investment

Thor Mining has been advised by EnviroCopper of the start of field pumping tests at the Kapunda copper project in South Australia, it announced on Friday.

Nov 15
premier inn, whitbread, bed, hotel
FTSE 100 movers: Hiscox dips, Whitbread climbs

London's FTSE 100 was down 0. 21% at 7,277. 72 in afternoon trade on Friday, with Hiscox leading the index lower.

Nov 15
libra, esterlina, divisa, moneda, reino unido pound currency
Bilby successfully raises £2m through placing and subscription

Gas heating, electrical and building services provider Bilby announced the completion of its fundraise on Friday, confirming that it conditionally raised an aggregate sum of about £2m by way of a placing and a subscription of 18,181,818 new ordinary shares at a price of 11p each.

Nov 15
nouvelles-taxes-en-vigueur-dans-la-guerre-commerciale-usa-chine
US open: Wall Street storms to fresh record highs on trade talk optimism

Stocks on Wall Street stormed to fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China.

Nov 15
currencies euro dollar pound money cash sterling
Tencent picks up stake in Sumo Group

Independent video games developer Sumo Group said on Friday that Tencent Holdings, through a direct wholly-owned subsidiary, alongside Perwyn Bidco UK, have notified ot that they have entered into an agreement for the acquisition by Tencent from Perwyn of 15 million shares in Sumo.

Nov 15
carpetright
Carpetright board agrees Meditor cash acquisition

Carpetright announced on Friday that both its board, and that of Meditor Holdings (MHL), have agreed the terms of a recommended cash offer to be made by MHL to acquire the entire issued and to-be-issued share capital of Carpetright not already owned by Meditor Fund.

Nov 15
cboro gold1 short1
Pure Gold Mining makes progress at Madsen Red Lake

Pure Gold Mining reported the completion and advancement of a number of “key milestones” on its 100%-owned Madsen Red Lake Mine project in its third quarter update on Friday.

Nov 15
Friday broker round-up

Whitbread: Barclays upgrades to overweight with a target price of 4,900p.

Nov 15
Firstgroup Hull Trains rail
FTSE 250 movers: FirstGroup steams ahead, Qinetiq falls

London's FTSE 250 was up by 0. 33% at 20,299. 19 in afternoon trade on Friday, with FirstGroup leading the index higher.

Nov 15
chinas-currency-just-dropped-its-lowest-level-decade-and-us-exporters-will-pay-price
Asia report: Most markets rise on fresh trade optimism

Most markets in Asia finished the last trading session of the week on a positive note on Friday, as investors did their best to digest the latest development in the never-ending saga that is the US-China trade war.

Nov 15
edgar test 10
Sensyne Health reveals Cognizant and Agorai as US partners

Clinical artificial intelligence (AI) technology company Sensyne Health revealed the names of its partners for the launch and sale of its digital health software products in the United States on Friday.

Nov 15
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Haynes Publishing puts itself on the market

Haynes Publishing Group is embarking upon a formal sale process to sell the entire issued share capital of the company, including all subsidiary companies, it announced on Friday.

Nov 15
coins currency investment insurance business finance company
RedT confirms board changes ahead of merger with Avalon Battery

Energy storage technology company RedT Energy updated the market on the proposed merger with Avalon Battery Corporation on Friday.

Nov 15
kier
Kier Group trading in line as it focuses on strategy

Kier Group said it was trading in line with its expectations in an update on Friday, reporting that since 30 June, it had been awarded around £1bn of new contracts and been appointed to a number of frameworks, including the £30bn ‘Construction Works and Associated Services’ framework for the Crown Commercial Service.

Nov 15
nouvelles-taxes-en-vigueur-dans-la-guerre-commerciale-usa-chine
London midday: Stocks reverse early gains despite US-China trade war hopes

Stocks in London were trading lower at the end of the week, reversing early gains, even after a top White House official told reporters that a US-China trade deal was "near", assuaging some investors' concerns of a potential 'false dawn' in negotiations.