Market Report
Berenberg initiates coverage on Acacia and Centamin
Berenberg initiated coverage on African gold miners Acacia Mining and Centamin on Friday, with its analysts hitting the Tanzanian-focussed outfit with a 'sell' rating right out of the gate and its Egyptian peer with a 'hold'.
Chinese credit growth slowest since 2005 in February
The pace of credit growth in China slipped to its slowest rate since 2005, prompting some economists to forecast that Beijing would opt for a looser policy stance later in the year.
Europe midday: Stocks come off lows ahead of US jobs report
Stocks are off their lows of the session ahead of the release of the monthly US jobs report, with investors seemingly taking unexpected announcements from the US administration on the White House's tariff plans and on North Korea in their stride.
US pre-open: Equity markets seen muted ahead of payrolls, wage data key
US futures pointed to a muted open on Wall Street on Friday as investors awaited the release of the latest non-farm payrolls report, with attention firmly on the wage growth figures.
Yen gains as Kuroda says BoJ has no intention of changing policy
Rate-setters in Tokyo kept all their main policy settings unchanged following their meeting on Friday, with Bank of Japan chief Haruhiko Kuroda stressing that there would be no change in policy until its 2% inflation target was met.
London midday: Stocks muted ahead of payrolls; construction data disappoints
London stocks were still little changed by midday on Friday, with investors erring on the side of caution ahead of the non-farm payrolls report, as data revealed that the UK construction sector suffered its biggest monthly drop in six years in January.
Bwin acquisition boosts GVC earnings, revenue
Sports betting and gaming company GVC Holdings, which received shareholder approval for its merger with Ladbrokes Coral this week, posted a rise in full-year adjusted profit and net gaming revenue on Friday, thanks in part to the acquisition of bwin. party in 2015.
Donald Trump agrees to meet Kim Jong-un in May
Donald Trump has accepted a North Korean invitation to hold a meeting with leader Kim Jong-un in May. There are hopes that the talks will reduce tensions between both countries and lead to the denuclearization of the Korean peninsula.
Asia close: Stocks higher on NKorea offer of US talks
Asian stock markets closed higher on Friday as news that North Korea had offered to halt nuclear testing in return for bilateral talks with the US cheered investors.
Renold warns of decreased profits from FY17 despite its 'good progress'
Engineered and power transmission products delivery group Renold warned of the impact that increased raw materials prices were having on its operating margins on Thursday, saying that its chain division, in particular, had suffered significant headwinds as a result.
Eurasia Mining makes early start at Russian platinum project
Eurasia Mining announced the commencement of site works at its West Kytlim Project on Friday, kicking off the 2018 field season.
SDX Energy hails gas discovery at Moroccan well
North Africa focused oil and gas company SDX Energy announced on Friday that it has made a gas discovery on one of its Moroccan projects.
Esure boosted by double upgrade to 'outperform' at RBC Capital
Insurer Esure was boosted by a double upgrade to ‘outperform’ from ‘underperform’ by RBC Capital Markets, which lifted its price target on the stock to 275p from 250p.
Katoro shares dive on potential impact of new Tanzania laws
AIM-quoted exploration company Katoro Gold has been waiting to finalise a resource update and pre-feasibility study on its Tanzanian asset, putting particular focus on the potential impact of new mining legislation that was signed into law in the African nation in July 2017.
UK to apply for exemption from Trump's steel tariffs
Downing Street will ask the White House for an exemption to his sweeping tariffs on steel and aluminium imports to the United States after Donald Trump offered to show "great flexibility" to his "real friends".
Europe open: Stocks dip on unexpected US tariff, Korea moves and ahead of jobs report
Stocks have started slightly lower, with unexpected announcements from the US administration on the White House's tariff plans and North Korea adding to the uncertainty ahead of the release of the monthly US jobs report.
Renewi takes £73m hit from municipal contracts
Renewi is taking a £73m hit from impairments and provisions against expected losses from onerous municipal contracts, but there will be no material impact on the waste-to-product group's cash flow or banking covenants.
Intercede wins new contract with ‘major’ US healthcare provider
AIM-listed software and service company Intercede said on Friday that its MyID product has been selected by a "major" US healthcare provider for deployment as its new identity and credential management infrastructure.
London open: Stocks little changed as investors eye payrolls report
London stocks were little changed in early trade on Friday as investors eyed the release of the key non-farm payrolls report and digested news that US President Trump has accepted an offer to meet North Korea’s Kim Jong Un.
Seeing Machines confirms talks with third new automotive OEM
AIM-listed Seeing Machines confirmed on Friday that it is in talks to deliver its FOVIO Driver Monitoring Systems to an additional new automotive original equipment manufacturer.