MARKET PULSE
10 Nov
London close: US tax cut delays weigh on stocks
capitolio

Shares ended lower amid ongoing delays to the passage of tax cuts in the US Congress even as investors mulled over the latest better-than-expected data on manufacturing, industrial production and construction.

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10 Nov
Europe close: Shares finish session near day's lows
cbcapitoliowashington short

Stocks on the Continent ended lower, clocking in with some of their steepest weekly losses since August over disappointment on the outlook for prompt passage of US tax reforms.

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10 Nov
Director dealings: Bellway management offload shares ahead of annual report
Bellway, construction

Bellway's chief executive, who had been on a leave of absence since August, Ted Ayres disposed of 18,768 ordinary shares in the residential property developer on Friday.

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10 Nov
Republicans advance tax cut packages through House and Senate
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Oxford Economics senior analyst Nancy Vanden Houten said on Friday that as a result of US local elections on Tuesday the Republican party were beginning to feel a sense of urgency in passing its tax cut package after Democrats picked up a slew of new seats, showing the President's agenda may not be working.

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10 Nov
Week ahead: Central banks in focus
actasfed

Central banks will be in focus next week, especially on Tuesday, when Governor Mark Carney is scheduled to participate on a panel with Federal Reserve chair Janet Yellen as well as the ECB's Mario Draghi and their Japanese counterpart Haruhiko Kuroda.

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10 Nov
Hertz pushes higher on increased revenues
ep oficinahertz

US rental vehicle group Hertz Global posted stronger than expected net profits on Thursday as increased sales and revenue management successfully offset losses from cancelled reservations in those parts of the country which had been hit hard by hurricanes Harvey and Irma.

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10 Nov
Losses widen at JC Penney despite same-store sales doubling market expectations
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American department store chain JC Penney reported same-store sales growth that more than doubled analysts' forecasts, sending its stock price surging.

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10 Nov
Numis Securities sees no impact on Workspace from WeWork expansion
Office, offices

Numis Securities said on Friday that after the release of real estate investment trust Workspace's first-half results its future seemed to be far from "plain-sailing" despite the group having been "seemingly unphased" by the activity of competitor WeWork.

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10 Nov
Trump lashes out at 'trade abuses' in APEC speech
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US President Donald Trump has lashed out at unfair trading practices during a key speech at the Asia-Pacific Economic Cooperation summit in Vietnam.

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10 Nov
US open: Moderate selling continues amid tax cut doubts
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Wall Street's main market gauges were again bathed in red on Friday amid concerns that a possible delay in corporate tax cuts until 2019 could put an end to the recent rally in equity markets.

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10 Nov
US consumer confidence slips in November, but wage expectations rise
actasfed

Consumer sentiment in the US is a little bit weaker at the start of month, although still at lofty levels, even as Americans and analysts ponder the prospect for rising official rates and try and anticipate their potential impact on spending.

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10 Nov
AppScatter launches Android software development kit
ep mbil android google

Business-to-business software-as-a-service platform appScatter Group confirmed the launch of the appScatter Android Software Developer Kit (SDK) on Friday, with it now available to 25 million software developers on computer code hosting service GitHub.

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10 Nov
Pete Gardner appointed CFO-designate of Chaarat Gold
gold bars precious

Gold exploration and development company Chaarat announced an addition to its senior management team on Friday, saying Pete Gardner has joined as chief financial officer-designate.

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10 Nov
MobilityOne to acquire 55pc of MiTP
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E-commerce infrastructure payment solution and platform provider MobilityOne announced on Friday that, on 9 November, it signed - via its recently incorporated wholly-owned subsidiary MobilityOne South Asia - a sale and purchase agreement with Zahir Uddin and Shahin Hossain to acquire a 55% shareholding in MiTP for a nominal cash consideration of BDT 0. 55m, payable from the group's existing cash resources.

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10 Nov
Amphion partner Polarean Imaging valued at $19m ahead of planned IPO
Money cash dollars

Medical, life science and technology business Amphion Innovations updated the market on its partner company Polarean Imaging, in which Amphion currently has an interest of around 26%, on Friday.

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10 Nov
FTSE 250 movers: Halfords higher on upgrade; Ultra Electronics slides
halfords

London’s FTSE 250 was down 0. 2% to 20,038. 05 in afternoon trade on Friday.

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10 Nov
Caledonia Mining planning extension of Blanket central shaft
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Following its announcement of an updated resource statement on 2 November, Caledonia Mining Corporation announced on Friday that it plans to extend the depth of the central shaft at its 49% subsidiary, the Blanket Mine in Zimbabwe.

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10 Nov
Oxford Pharmascience plans demerger of main operations
Astrazeneca

Listed company Oxford Pharmascience announced its intention to demerge certain operating and other assets and the business of the group to Oxford Pharmascience Limited (OPL) on Friday, following a board strategic review of the group's operations.

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10 Nov
Regional Real Estate Investment Trust offloads Leeds site to Unite Students
House for sale

British property firm Regional Real Estate Investment Trust exchanged contracts on Friday that would see it sell off one of its Leeds development sites to Unite Students for £10. 5m.

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10 Nov
IQE raises £95m in placing
Money coins pound

Supplier of advanced semiconductor wafer products and services IQE announced on Friday that, further to its announcement on 9 November regarding the proposed placing of ordinary shares, it has successfully placed 67,941,581 new ordinary shares at a price of 140p per share, raising gross proceeds of around £95m.

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