Market Report
Record's profits dragged down by shrinking margins
UK currency manager Record saw full-year profits decline as a result of falling margins.
London close: Traders dump shares as US levies tariffs, Brent skids lower
London stocks gave back all of the previous day's gains - and then some - on Friday, as traders reacted to the feared, albeit somewhat anticipated, announcement by the White House of the imposition of a 25% tariff on $50bn-worth of goods purchased from China in retaliation for IP theft and forced technology transfers.
Superdry a 'buy' on valuation grounds, scope for more
Superdry was upgraded to 'buy' from 'hold' by broker Liberum, with the recent share price fall offering better value.
Director dealings: Sirius Real Estate boss ups stake
Andrew Coombs, chief executive of London-listed landlord Sirius Real Estate, acquired 400,000 ordinary shares in the Guernsey-based firm on Friday, upping his stake a total of 5. 13m shares, representing 0. 52% of the company's issued share capital.
FTSE 250: Indivior dives, Marston’s bubbles up
Along with its larger sister index, London's FTSE 250 index finished lower on Friday, led by a big fall for drug developer Indivior.
US open: Losses on the Street following China tariff announcement
US stocks opened to losses on Friday as relations between the US and China soured again, renewing fears of a trade war.
Trump set to impose $50bn tariffs on Chinese goods
US President Donald Trump decided to impose $50bn tariffs on Chinese products despite warnings from some corners that it risked provoking a trade war.
Market buzz: China and Trump trade verbal blows, Tesco rises to 2014 levels
1415: US industrial output dipped by 0. 1% month-on-month in May, according to the Federal Reserve, falling shy of economists' forecasts for an increase of 0. 3%.
US industrial production dips in May as auto assembly lines ground to a halt
US industrial production fell unexpectedly last month as manufacturing output more than gave back April's gains as motor vehicle assembly lines ground to a halt.
The PRS REIT acquires four new sites
Closed-ended real estate investment trust, The PRS REIT, has acquired a further three development sites with a combined gross development cost of £34. 4m, and purchased an additional completed PRS site for £9. 08m.
FTSE 100 movers: Rolls-Royce roars higher; miners take a hit
London’s FTSE 100 was down 1. 4% to 7,660. 16 in afternoon trade on Friday, with jitters setting in as relations between the US and China escalated again.
Premier Veterinary sees decent boost in enrolled pets
Premier Veterinary Group issued its unaudited interim results for the six months ended 31 March on Friday, reporting a 32% increase in total number of pets on fee-generating pet care plans under its preventative healthcare programme for pets, branded ‘Premier Pet Care Plan’. to 212,000.
Inspiration Healthcare tells of 'frustrations' with product launches
Investors in Inspiration Healthcare Group were told of “frustrations” with the company’s plans to launch new products on Friday, as they gathered for the annual general meeting.
InfraStrata appoints CBRE Indirect to advise on capital raising
Gas storage company InfraStrata has appointed CBRE Indirect Investment Services to advise it on raising capital from third party financial partners, for investment in the Islandmagee gas storage project, it announced on Friday.
Silence Therapeutics presenting positive siRNA data in Stockholm
Silence Therapeutics announced on Friday that it would be presenting data on its siRNA conjugate technology and lead candidate SLN124, for the treatment of iron overload disorders, at the 23rd Annual European Hematology Association (EHA) Congress, happening in Stockholm.
US consumer sentiment improves more than expected in June
US consumer sentiment improved more than expected in June, according to a reading form the University of Michigan.
KEFI Minerals places 100m shares to fund Tulu Kapi project after raising £3m
Despite having conditionally raised £3m through a placing of 120m new ordinary shares of 1. 7p each, AIM-listed gold exploration and development firm KEFI Minerals isn't quite done just yet.
Ebiquity partners up with Snapchat
AIM-listed marketing and media consultancy Ebiquity has announced a partnership with Snapchat to enhance third-party measurement.
Empire State manufacturing hits best level in eight months
Manufacturing activity in the New York Fed’s jurisdiction unexpectedly improved in June, according to data released on Friday.
Euro area goods surplus declines in April
The euro area's surplus in its trade on goods with the rest of the world narrowed in April on the back of a sharp rise in imports.