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28 Feb
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Friday preview: Coronavirus, IAG in focus

The focus at the end of the week will continue to be on the spread of the COVID-19 coronavirus, although key technical levels on the main stockmarket will increasingly come into play, particularly on Wall Street given that its role as a bellwether for global investor sentiment.

28 Feb
nmc health
NMC Health shares suspended as accounting scandal grows

Shares in Gulf healthcare firm NMC were suspended from trading on Thursday after its chief executive was dismissed amid a growing accounting scandal at the firm.

27 Feb
new york stock exchange, nyse, markets, wall street, us. photo: grant wickes
US close: Dow and S&P 500 on track for worst week since 2008

US stocks recorded more losses on Thursday as major indices dipped into correction terror after the Wuhan coronavirus continued to spread and some more big names warned on guidance.

27 Feb
reddit
Reddit CEO calls TikTok a 'parasitic app'

Reddit CEO and co-founder Steve Huffman has lashed out at TikTok saying that it is “fundamentally parasitic” at an event late on Wednesday.

27 Feb
ep un medico militar atiende a un paciente enfermo de coronavirus en la unidad de cuidados
London close: Selloff reignites as coronavirus sparks growth concerns

London stocks were hammered as the epicentre of new Chinese coronavirus cases shifted to the Continent and after the government published its mandate for trade talks with the European Union which did not exclude the possibility of leaving the bloc without a deal having been struck.

27 Feb
burberry headoffice
Broker tips: DS Smith, Sumo Group, Burberry

Analysts at Berenberg lowered their target price on packaging business DS Smith from 480. 0p to 400. 0p on Thursday, stating that there were some "difficulties ahead" to navigate.

27 Feb
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Director dealings: Morgan Sindall chief executive ups stake

Morgan Sindall revealed on Thursday that chief executive John Morgan had purchased 220,000 ordinary shares in the London-listed construction firm.

27 Feb
boris-johnson-premier-ministre-britannique-quittant-une-conference-de-presse-lors-du-sommet-des-leaders-de-l-ue-a-bruxelles-le-17-octobre-2019
UK government publishes strategy for post-Brexit trade talks

The UK government unveiled its strategy for post-Brexit trade negotiations with the European Union which were scheduled to begin during the following week, holding out the possibility of a no-deal exit if sufficient progress had not been achieved by June.

27 Feb
bank-of-america-a-suivre-a-wall-street
BofA slashes forecast for 2020 euro area growth

Economists at BoFA Securities slashed their forecast for economic growth in the single currency bloc in 2020 on the back of the impact of the Chinese coronavirus.

27 Feb
ep una investigadora trabaja en uno de los laboratorios del ifapa agua del pino
Angle upbeat on recent Parsortix research out of Italy

Liquid biopsy company Angle announced on Thursday that Istituto Nazionale Tumori di Milano in Milan, Italy, has published results of work assessing the performance of its ‘Parsortix’ system in renal cell carcinoma (RCC), demonstrating key advantages of Parsortix.

27 Feb
oilfield
Mosman shares fall as it outlines Greater Stanley plans

Oil exploration, development and production company Mosman Oil and Gas has agreed the acquisition of interests in two leases in Texas, it announced on Thursday, as the first step to expanding on the success of the Stanley project.

27 Feb
ds smith
Berenberg sees 'difficulties ahead' for DS Smith

Analysts at Berenberg lowered their target price on packaging business DS Smith from 480. 0p to 400. 0p on Thursday, stating that there were some "difficulties ahead" to navigate.

27 Feb
ep mando xbox one
Buy Sumo on shares' weakness, Shore Capital says

Buy Sumo Group to take advantage of share price weakness, Shore Capital said as it upped its rating on the video games developer.

27 Feb
wall street
US open: More losses at the bell as coronavirus hits US firms

US stocks recorded more heavy losses at the bell on Thursday as the Wuhan coronavirus continued to spread and some more big names warned on guidance in the wake of the outbreak.

27 Feb
mining polymetal
Polymetal raises ore reserve estimate after 'successful' exploration results

Precious metals miner Polymetal bumped up its estimate of ore reserves for 2019 on the back of its "successful" exploration results.

27 Feb
new york stock exchange, nyse, markets, wall street. photo: herval
US pre-open: Futures point to more losses as coronavirus remains firmly in focus

US futures were pointing to more heavy losses on Thursday as the Wuhan coronavirus continued to spread throughout South Korea and Italy and after Microsoft warned on guidance.

27 Feb
Royal Court of Justice, London
Burford hires two directors in governance push

Burford Capital has recruited two experienced non-executive directors as the embattled litigation funder seeks to fend off criticisms of its corporate governance.

27 Feb
coins currency investment insurance business finance company
Premier African shares fall on progress at RHA Tungsten

Premier African Minerals updated the market on progress to restart tailing reprocessing at RHA Tungsten on Thursday, following a site visit by the Zimbabwe’s minister of industry and commerce, Dr Sekai Nzenza, on behalf of the National Indigenisation and Economic Empowerment Fund (NIEEF).

27 Feb
adollarmakemeholler
Phoenix Copper raises $2m through subscription and note issue

North America-focussed base and precious metals explorer and developer Phoenix Copper has raised a total of $2m (£1. 54m) before expenses, it announced on Thursday, through a subscription for new ordinary shares and the issue of unsecured loan notes.

27 Feb
edgar test 10
Riverstone Energy to wind down investment in Aleph Midstream

Riverstone Energy’s manager Riverstone International has agreed to wind down its investment in Aleph Midstream, it announced on Thursday.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.