Market Pulse
Capital Economics sees limited upside for FTSE 100 in 2017 (and 2018)
The UK economy's performance will continue to exceed forecasts but multiple headwinds will just about brake any further gains in the FTSE 100 in 2017, analysts at one of the City's top research shops said.
US oil rig count keeps climbing, Baker Hughes says
The number of oil rigs in operation in the US continued to climb last week, increasing by 11 to 758, according to the results of the most widely-followed survey tracking them.
FX round-up: Sterling gains on dollar thanks to UK policy hawks coming to fore
Sterling managed Friday gains on the US dollar thanks to UK monetary policy hawks coming to the fore in recent days, but was otherwise down against a raft of commodity currencies.
Price pressures grow in US in June, PMIs show
Private sector firms in the US continued to record a solid rate of expansion amid signs that economic growth might pick up again, the results of a widely-followed survey showed.
US new home sales beat forecasts in May, prices jump
Activity in America's residential real estate market continued to hum along at a solid pace last month, the latest official revealed, amid sharp price increases.
Avingtrans gets extension on possible Hayward Tyler bid
Hayward Tyler updated the market on its discussions with Avingtrans on Friday, regarding the possible offer by Avingtrans for the company as announced on 31 March.
BMR raises £0.35m as Kabwe plant construction progresses
BMR Group announced on Friday that Peterhouse Corporate Finance had raised £0. 35m - before expenses - by way of a placing of 9,333,333 new ordinary shares of 1p each in the capital of the company, at 3. 75p per share.
Commodities: Safe-haven gold likely to remain supported going forward
Gold is front and centre on traders' charts with some picking the safe-haven asset will remain supported going forward thanks to a platter of political risk in both UK and Washington, as well as the global oil glut.
Plus500 continues share buyback scheme apace
Online trading service provider Plus500 continued its share buyback programme as announced on 2 June this week, confirming the acquisition of 17,500 ordinary shares of ILS 0. 01 each in the capital of the company on 22 June at a price of 553. 30p per share.
FTSE 250 movers: Ascential underpinned by Peel Hunt upgrade; Domino's tanks
London's FTSE 250 was up 0. 2% to 19,696. 73 in afternoon trade.
FTSE 100 movers: ITV boosted by Morgan Stanley upgrade; BAE hit by downgrade
London's FTSE 100 was flat at 7,437. 62 in afternoon trade.
SolGold Toronto listing application gets conditional approval
SolGold advised the market on Friday that the listing committee of the Toronto Stock Exchange (TSX) had conditionally approved the company's application to list SolGold on the TSX.
Vipera partners with Mambu for mobile banking solution
Mobile financial services and digital customer engagement solutions provider Vipera announced a partnership with Mambu on Friday, which it described as “a leading software-as-a-service (SaaS) alternative” to traditional core systems powering banking and lending.
Flowtech Fluidpower pays nearly £2m for Hi-Power group
Specialist technical fluid power products supplier Flowtech Fluidpower announced the acquisition of Hi-Power, as well as the business and certain assets of Hi-Power Hydraulics on Friday.
Blur Group warns shareholders as it seeks urgent funding
Online B2B marketplace provider Blur Group updated the market on Friday, confirming that its rate of cash burn had stayed “broadly constant” with the $0. 9m-$1m seen in the final two quarters of 2016.
Glencore sweetens offer for Rio's thermal coal assets
Glencore has bumped up its offer for Rio Tinto's interest in Coal & Allied Industries (C&A) to $2. 68bn in cash plus a coal price-linked royalty, from a previous offer of $2. 55bn.
Ncondezi Energy raises $0.6m from existing lenders and management
Ncondezi Energy announced on Friday that it raised an additional $582,000 from existing lenders and senior management, to be used to fund its new partner search and to provide working capital for the group.
Week ahead: Heavy flow of data expected in all geographies
A steady flow of economic data in almost all the main geographical regions will keep investors on their toes over the coming week.
Red Rock Resources agrees to fund Steelmin
Natural resource development company Red Rock Resources announced on Friday that it entered into financing agreements under which it would fund Steelmin to complete the refurbishment and recommissioning of a ferrosilicon smelter in Jajce, Bosnia, and acquire an interest in Steelmin.
Europe midday: Stocks at session lows after PMI data
Stocks were near their worst levels of the session, following a weaker-than-expected reading on the state of the euro area manufacturing and services sectors, although analysts were sanguine.