Economic and Market News for 5 December 2017

  • 05 Dec
    Wall Street cautious at the start of trading

    US markets started Tuesday in tentative form as analysts and traders assess the likely impact of planned tax reforms, especially regarding tech stocks. A rising deficit and falling oil prices added...

  • 05 Dec
    Markit 'final' US services PMI down to 54.5

    The Markit 'final' US Services PMI Business Activity Index registered 54.5 in November, down from 55.3 in October. IHS Markit said: "Although the latest index reading indicated a slightly weaker...

  • 05 Dec
    US trade deficit rises to $48.7bn in October

    The US trade deficit rose to $48.7bn in October, up $3.8bn from a revised $44.9bn in September, the US Census Bureau and the US Bureau of Economic Analysis said today. October exports were...

  • 05 Dec
    OptiBiotix Health chairman stands down

    OptiBiotix Health said chairman Adan Reynolds will stand down at the end of the year. He will be replaced by Neil Davidson, a previous chief executive of Express Dairies and Arla Foods. At...

  • 05 Dec
    Brighton Pier to acquire Lethington Leisure

    The Brighton Pier Group said it has agreed to acquire Lethington Leisure, an owner of mini golf and football retail centres, for £10.5m. To help fund the purchase it launched an up to £3.0m issue...

  • 05 Dec
    British American Tobacco declares dividend

    British American Tobacco has declared a second interim dividend of 43.6 pence per ordinary share for the year ending 31 Dec. The second interim dividend will be payable on 8 Feb to shareholders...

  • 05 Dec
    Molins extends asset sale completion date

    Molins said the planned sale of its manufacturing facility in Ontario, Canada, is now expected to be completed at the end of December. The company had originally guided for completion at the end...

  • 05 Dec
    South32 trims capex guidance

    South32 has reaffirmed its financial year 2018 production guidance but tweaked its capital expenditure outlook. Sustained capex for the same year is now expected to be $470m, down from $500m, with...

  • 05 Dec
    Sirius Petroleum partner gets environmental nod

    Sirius Petroleum said that Guarantee Petroleum, its partner in the Ororo field in Nigeria, has received further environmental approval from the government. More specifically, it said it had...

  • 05 Dec
    PureTech company files for IPO

    PureTech Health said affiliate company resTORbio has submitted a draft registration statement for a proposed initial public offering. At 9:46am: (LON:PRTC) PureTech Health Plc share price was...

  • 05 Dec
    Realm Therapeutics advances treatment trial

    Realm Therapeutics said the first patient had been dosed in a second-phase study of its topical gel for the treatment of atopic dermatitis. The trial is being conducted in the US and top-line data...

  • 05 Dec
    UK November services PMI 53.8

    The seasonally adjusted IHS Markit/CIPS UK Services price managers index was 53.8 in November, down from 55.6 in October, according to IHS Markit. "The latest reading signaled a solid increase in...

  • 05 Dec
    Carnival buys back shares

    Carnival Corporation & plc bought back 50,000 shares yesterday at an average price of 4899.7980p apiece to be held in treasury. At 9:28am: (LON:CCL) Carnival PLC share price was -9p at 4922p...

  • 05 Dec
    Satellite Solutions wins Europe contract

    Satellite Solutions Worldwide Group has signed a sales and marketing agreement with a European broadband joint venture between Viasat and Eutelsat Communications. The JV has selected SSW to assist...

  • 05 Dec
    Van Elle urges shareholders to reject founder criticisms

    Van Elle Holdings has urged its shareholders to reject resolutions proposed by company founder Mike Ellis that would give him more control of its board. A board of eight directors envisaged by...

  • 05 Dec
    Provident Financial faces regulator probe

    Provident Financial said British regulators have commenced an investigation into how it treated customers at its Moneybarn sub-prime vehicle lending business. The Financial Conduct Authority's...

  • 05 Dec
    Experian buys back shares

    Experian bought back 550,000 ordinary shares yesterday at the weighted average price of 1541.4307p apiece for cancellation. At 8:53am: (LON:EXPN) Experian PLC share price was +6.5p at 1544.5p...

  • 05 Dec
    Diageo buys back shares

    Diageo bought back 370,565 ordinary shares yesterday at the volume weighted average price of 2,588.71p apiece for cancellation. At 8:36am: (LON:DGE) Diageo PLC share price was +29p at 2615.5p...

  • 05 Dec
    Clinigen in equity issue

    Clinigen Group issued 17,925 ordinary shares yesterday to satisfy share options vesting under the group's all staff long term incentive plan and the all staff JV long term incentive plan. At...

  • 05 Dec
    Rainbow Rare Earths exports first shipment

    Rainbow Rare Earths has exported the first concentrate shipment from its Gakara project in Burundi. The company is targeting a production rate of 5,000 tons per annum by the end of 2018. "Rainbow...

  • 05 Dec
    San Leon Energy takes €7.3m impairment charge

    San Leon Energy said it would take a €7.3m impairment charge after relinquishing its interest in shale gas concessions in Poland. The company said it had informed the Ministry of Environment in...

  • 05 Dec
    Redrock extends Congo due diligence period

    Redrock Resources said it has extended the due diligence period on four or five copper-cobalt tailings near Kolwezi in the Democratic Republic of Congo until January 31. "The amount of work...

  • 05 Dec
    Phoenix Global Mining expands Idaho land holdings

    Phoenix Global Mining has expanded the land position of the Empire copper mine in Idaho through the addition of 33 un-patented mining claims in the Horseshoe Block immediately north of the existing...

  • 05 Dec
    Volga Gas production up in November

    Russia-focused Volga Gas said production volumes rose in November as it improved infrastructure utilisation. Oil and gas output rose to 4,946 barrels of oil per day, up from 3,432 boepd in...

  • 05 Dec
    Vodafone, Softbank form Japan alliance

    Vodafone and Japan's SoftBank have entered into a strategic alliance in mobile services for enterprise customers. The alliance enhances commercial and operational support for Vodafone's...

  • 05 Dec
    Wood Group wins GlaxoSmithKline contract

    Wood Group said it has won a "multi-million dollar" contract with GlaxoSmithKline for the engineering, procurement and construction for a new biotech facility in Marburg, Germany. Wood has already...

  • 05 Dec
    Wizz November passenger volumes up 22%

    Wizz Air Holdings said it carried 22% more passengers in November on-year as it continued to rapidly expand capacity. The budget carrier carried 2,157,742 passengers during the month. It's load...

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