Welcome to today’s Five at Five – the EOB snapshot of the five most impactful market stories shaping investor sentiment.
1. Cooler jobs market data sparks debate on next Bank of England cut
Some economists are growing in confidence that another interest rate cut could be coming in either December. Read more …
2. easyJet climbs on reported investment interest from large shipping suitors
Shares in the airline climbed over 7% even after Swiss logistics giant Mediterranean Shipping Company denied it was involved. Read more …
3. BP guidance under scrutiny amid buyback concerns
A short trading update drew criticism for its “vague” guidance, with analysts warning that rising debt levels could force further reductions to the company’s share buyback programme. Read more …
4. FTSE 100 fights back as market spooked by China trade threats
London’s blue-chip index fought its way onto dry land after a day under water, outperforming Wall Street and European equities, which slid on renewed China trade tensions. Read more …
5. Empire Metals unveils 2.2bn tonne titanium resource
Managing director Shaun Bunn discusses the company’s maiden resource estimate at Pitfield, revealing a 2.2 billion tonne titanium resource that underscores the project’s global significance. Watch here …
More small-cap news
Great Southern Copper PLC (LSE:GSCU) has reported high-grade copper and silver from rock chip samples at its Cerro Negro project in Chile. Grades hit up to 271 grams per tonne silver and 2.05% copper, expanding the Monolith target zone. A second drill rig’s now on site at the nearby Mostaza mine to step up Phase III drilling. Read more
Imaging Biometrics Ltd (LSE:IBAI, OTCQB:IQAIF) has bought 86% of Kirkstall, a Sheffield firm developing lab systems that mimic how organs interact in the body. The £170,000 deal includes a convertible loan and a small cash payment to acquire remaining shares. Kirkstall’s tech helps scientists test drugs more realistically and is already used in UK universities. Read more
YouGov PLC (AIM:YOU) shares dropped 7.5% to 266.5p as the online market researcher reporting higher annual profits as cost savings and restructuring began to take effect, but guided to modest growth in the new financial year due to investment in technology and data science. Read more
Eco Buildings Group PLC (AIM:ECOB) shares rocketed some 50% higher after it inked a new deal in Africa, with a new partnership in Sudan for a €5 million project to enable local production lines. Read more