Economic and Market News for 1 November 2017

  • 01 Nov
    Wall Street starts November on the front foot

    US markets opened in positive territory when trading got underway in New York, ahead of this evenings statement from the Federal Reserve and despite manufacturing activity showing early signs of a...

  • 01 Nov
    US construction spending up

    US construction spending during September was estimated at a seasonally adjusted annual rate of $1,219.5bn, 0.3% above the revised August estimate of $1,216.0bn. The September figure is 2.0% above...

  • 01 Nov
    ISM Prices Index down in October

    The ISM Prices Index registered 68.5% in October, a 3 percentage point decrease from the September level of 71.5%, which it said indicated higher raw materials prices for the 20th consecutive...

  • 01 Nov
    ISM Purchasing Managers' Index falls

    The ISM Purchasing Managers' Index fell to 58.7% in October, a fall of 2.1 percentage points from the September reading of 60.8%. Story provided by

  • 01 Nov
    Markit 'final' US manufacturing PMI up

    The Markit 'final' seasonally adjusted US Manufacturing Purchasing Managers' Index (PMI) rose to 54.6 in October from 53.1 in September. Markit said the latest index figure indicated a solid...

  • 01 Nov
    US private sector adds 235,000 jobs, says ADP

    US private-sector employment increased by 235,000 from September to October, according to ADP's latest national employment report. Small firms (1-49 employees) added 79,000 jobs, mid-sized...

  • 01 Nov
    SoldGold Ecuador deposit grows

    SolGold said its Alpala copper-gold deposit in Ecuador continues to grow following the release of assay results. Holes 26-D1 and Hole 28 ended in significant mineralisation and are not closed at...

  • 01 Nov
    Mercia teams up with University of Edinburgh

    Mercia Technologies has signed a partnership agreement with the University of Edinburgh to access Edinburgh Innovations, which it said has established 189 new start-up businesses in the past five...

  • 01 Nov
    Contango starts trading on LSE

    Contango Holdings has announced that its ordinary shares started trading on the London Stock Exchange today. It said that as part of the admission process, the company raised gross proceeds of...

  • 01 Nov
    Impact Healthcare REIT declares dividend

    Impact Healthcare REIT's board has declared a dividend of 1.50p per ordinary share for the period from 1 Jul to 30 Sep. This dividend will be a property income distribution. The dividend will...

  • 01 Nov
    Plus500 extends rugby team sponsorship

    Plus500 has extended its sponsorship agreement with the Brumbies, an Australian professional rugby union football team. Plus500 said it will be the team's official sponsor for the next three...

  • 01 Nov
    ThinkSmart launches two products

    ThinkSmart has launched both a new leasing service with Carphone Warehouse and a new digital payment solution for retail customers. The new products were foreshadowed in September and are designed...

  • 01 Nov
    SysGroup acquires Rockford IT for £3.9m

    SysGroup has acquired Rockford IT, a specialist provider of managed IT, hosting and security services, for £3.9m in cash. The acquisition is expected to be immediately earnings enhancing, the...

  • 01 Nov
    Oracle Power confirms Chinese partners

    Oracle Power has confirmed that the two Chinese-state entities that have agreed to help fund a coal-fired power development in Pakistan are Sichuan Provincial Investment Group and PowerChina...

  • 01 Nov
    Sylvania Platinum extends buyback

    Sylvania Platinum has extended its share buyback programme after discovering that some small shareholders had difficulty submitting share certificates. The company has extended the programme for...

  • 01 Nov
    UK manufacturing PMI at 56.3 in October

    UK Manufacturing PMI rose to 56.3 in October, up from 56.0 in September, according to IHS Markit. "The UK manufacturing sector started the final quarter of the year on a solid footing," it said....

  • 01 Nov
    UK October house prices +0.2% on-month

    UK house prices rose by 0.2% in October compared to the previous month, according to Nationwide. Story provided by

  • 01 Nov
    Proxama sells digital payments division

    Proxama has sold its digital payments division to LHH2 APS, a private Danish company, for an initial payment of £1m. It has also agreed to accept a potential deferred payment of up to £1m over the...

  • 01 Nov
    Porta Communications appoints executive director

    Porta Communications has appointed Brian Tyson as its new executive director. Tyson is currently managing partner of Newgate Australia, which is Porta's largest business. "Newgate's Australian...

  • 01 Nov
    Carnival buys back shares

    Carnival Corporation & plc bought back 50,000 shares yesterday at an average price of 4989.5290p apiece to be held in treasury. At 9:22am: (LON:CCL) Carnival PLC share price was +16p at...

  • 01 Nov
    Van Elle appoints new director

    Van Elle has appointed David Stuart Hurcomb as an independent non-executive director. Hurcomb, 53, is the chief executive of NG Bailey Group and has previously heled executive positions at...

  • 01 Nov
    Diageo buys back shares

    Diageo bought back 394,867 ordinary shares yesterday at the volume weighted average price of 2,579.82p apiece for cancellation. At 9:01am: (LON:DGE) Diageo PLC share price was -0.75p at...

  • 01 Nov
    HSBC buys back shares

    HSBC Holdings bought back 4,550,000 ordinary shares yesterday at the volume weighted average price of £7.3675 apiece for cancellation. At 8:52am: (LON:HSBA) HSBC Holdings PLC share price was...

  • 01 Nov
    San Leon revises Avobone payment plan

    San Leon said it had agreed to a revised payment schedule in respect to sums owed to Avobone. The remaining payments of €8m, previously due during October, and €6.69m, previously due during...

  • 01 Nov
    Reabold buys Carollian stake

    Reabold Resources has agreed to invest £1.5m in Corallian Energy, a private UK oil and gas appraisal and exploration company. Corallian has a portfolio of UK oil & gas licences, including the...

  • 01 Nov
    Pheonix Global hails drilling results

    Phoenix Global Mining said it has gleaned "impressive" results from its recently-completed 28-hole drilling programme at the Empire copper mine in Idaho. "The final batch of drill hole assays from...

  • 01 Nov
    Blenheim completes acquisition of 20% stake in KKME

    Blenheim Natural Resources has completed the acquisition of a 20% interest in Kalahari Key Mineral Exploration (Pty). Chairman Chris Ells said: 'With due diligence completed to Blenheim's...

  • 01 Nov
    Safestore completes Stork acquisition

    Safestore Holdings has completed the acquisition of Stork Self Storage, the 11th-largest self-storage portfolio in the UK, with 12 stores. The deal reinforces Safestore's position as the UK's...

  • 01 Nov
    Rentokil Initial appoints new director

    Rentokil Initial has appointed Linda Yueh as a non-executive director. Yueh will also become a member of the Audit Committee, the Remuneration Committee and the Nomination Committee. She is...

  • 01 Nov
    Greencoat UK Wind buys assets for £98m

    Greencoat UK Wind has acquired an 80% stake in five wind farms from EDF Energy Renewables for £98m, including £7m cash and working capital. All five wind farms are situated within 25 miles of...

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