MARKET PULSE
04 Oct
FTSE 100 movers: PM's speech hits energy companies, Tesco also weighs

London's blue chip stocks closed in the red on Wednesday, with energy companies reeling after Theresa May confirmed the government's intention to impose a price cap on utility bills.

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04 Oct
FTSE 250 movers: Bodycote boosted by Barclays note; 888 hit by share placing
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London's FTSE 250 was down 0. 1% to 20,022. 39 in afternoon trade on Wednesday.

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04 Oct
Director dealings: McColl's co-founder sells out
McColl's

James Lancaster, the outgoing non-executive director and former chief executive of McColl's Retail Group announced on Wednesday that he was stepping down from the board with immediate effect.

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04 Oct
Ceres narrows losses in 'most successful' year to date
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UK-based fuel cell technology and engineering company Ceres Power said on Wednesday that the financial year ended 30 June had been its "most successful" to date, beating financial expectations on increased revenue and narrowed losses.

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04 Oct
OneSavings shares wilt as JC Flowers sells 8% stake
onesavings bank

OneSavings Bank was under pressure on Wednesday after funds managed by private investment firm JC Flowers sold 20m shares in the challenger bank, equivalent to an 8% stake.

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04 Oct
IAG traffic shows BA bounce-back
iag iberia

International Consolidated Airlines Group (IAG) grew passenger traffic 3. 1% in September thanks to a strong performance from Iberia that made up for a weak month for British Airways.

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04 Oct
Thursday preview: ECB minutes, Fedspeak, DFS results

Thursday will have quite a focus on central banks, with minutes from the European Central Bank and several speeches from the Federal Reserve and one each from the ECB and Bank of England.

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04 Oct
Mobile Tornado signs agreement with Israel's HOT Mobile
edgar test 10

Carrier-grade push-to-talk solutions provider Mobile Tornado announced on Wednesday that it has recently signed an agreement with HOT Mobile, the fastest-growing cellular company in Israel, under which it will provide its ‘advanced push-to-talk over cellular’ solutions to HOT Mobile customers in Israel.

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04 Oct
Mylan surges in pre-market trading after MS drug gets FDA approval
GSK, drugs, lab

US-based generic and speciality pharmaceuticals company Mylan announced on Tuesday that the US Food and Drug Administration (FDA) had approved two doses of its generic equivalent to Teva's drug Copaxone, which generated $1. 02bn worth of sales in the second quarter of 2017, used to treat relapsing forms of multiple sclerosis.

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04 Oct
Velocity Composites secures long-term agreement with existing customer
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Advanced composite material kit supplier Velocity Composites announced on Wednesday that it has secured a long term agreement with an unnamed existing UK customer in the composites sector.

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04 Oct
US services growth remains robust, though future expectations ease
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US services sector activity strengthened further in September, a closely followed survey indicated on Wednesday, with a slight easing in the rate of growth that was expected due to disruption caused by hurricanes Harvey and Irma.

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04 Oct
Europe midday: Spanish shares under pressure ahead of speech from Catalan president
artur mas carles puigdemont

Stocks on the other side of the Channel are trading lower for the most part, with the heaviest selling to be seen among Spanish issues ahead of a speech by Catalan president Carles Puigdemont scheduled for later in the day.

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04 Oct
Gooch & Housego finishes year in line
pound, sterling, pounds

Specialist optical component manufacturer Gooch & Housego announced on Wednesday that trading for the year to 30 September was in line with its previous guidance.

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04 Oct
US private sector adds fewer jobs in September but beats views
City workers

Private sector employment in the US rose more than expected in September, according to data released by ADP on Wednesday.

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04 Oct
Evgen Pharma granted first European patent for SFX-01
Astrazeneca

Clinical-stage drug development company Evgen Pharma announced the grant of the first European patent for SFX-01, its lead product, on Wednesday.

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04 Oct
ImmuPharma completes sharing agreement with Lanstead Capital
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Specialist drug discovery and development company ImmuPharma announced the completion of the sharing agreement entered into with Lanstead Capital in February 2016 on Wednesday.

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04 Oct
Multiple acquisitions leads Target Healthcare REIT to increased profits
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Property investment firm Target Healthcare Real Estate Investment Trust announced on Wednesday that its "patient and disciplined" placing of £79. 9m of shareholder capital led to eight transactions throughout the financial year ended 30 June, with a further two investments being completed in the first quarter of 2018.

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04 Oct
Circle Property pleased with progress at half-year mark
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Specialist UK regional office investment, development and management company Circle Property updated the market on its trading on Wednesday, ahead of its results for the six months to 30 September, which would be announced in December.

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04 Oct
Theresa May pledges £2bn extra funding for council housing
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Theresa May revealed new plans to pump £2bn into affordable housing in her speech at the Conservative party conference on Wednesday, also confirming that parliament would debate legislation for an energy price cap as soon as next week.

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04 Oct
Glencore to bump up stake in Peruvian zinc miner Volcan
glencore

Glencore has agreed a deal to bump up its holding in Peruvian zinc miner Volcan.

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