Market Report
Europe close: Stocks finish week on a confident note
Stocks finished the week on a strong note after the US signalled that it is open to restarting trade talks with China.
Broker tips: FlyBe, Diageo, GVC
Liberum raised its target price on FlyBe to 43p from 36p and left its recommendation at 'hold', citing the low-cost carrier's continued strong commercial performance after capacity issues had been brought under control.
European Commission opens investigation into Siemens's proposed merger with Alstom
The European Commission has opened an investigation into Siemens' proposed acquisition of Alstom.
Sector movers: Games Workshop to cap off 'amazing' year, food producers crumble
Leisure goods and tech stocks led the risers on a positive day for London stocks, while all food producers were in the red.
London close: Stocks finish higher as US president rows back on US-UK trade deal remarks
London stocks finished higher on Friday, but was off their best levels of the session, as the pound recovered from an early bout of selling, after US President Donald Trump backtracked on remarks he made overnight that the Prime Minister's soft Brexit plan would "probably kill" any trade deal with the US.
Ladbrokes owner GVC 'well positioned' on World Cup, analyst says
Broker Canaccord Genuity expects a "positive message" from GVC's year end update on 18 July as England's eventual exit from the World Cup saved the bookmaker from a potential £10m hit.
Director dealings: Ocado CFO and Majestic veteran cash in
Ocado chief financial officer Duncan Tatton-Brown disposed of more than £4m worth of shares award to him by the online grocer's bonus scheme on Friday.
JP Morgan beats analysts' forecasts with second quarter numbers
JP Morgan Chase beat analysts' forecasts for both top and bottom line growth in the second quarter, buoyed by bumper growth in its investment and commercial banking units.
Vodafone agrees first partnership in North Africa
Telecommunications conglomerate Vodafone on Friday entered into a collaboration agreement with Tunisie Telecom, the first partnership of its kind for the British telecom giant in North Africa.
Market buzz: FTSE flies as Trump tramples on Brexit plans, DCC leads pack
1600: US equity markets are mixed as banks kick-off earnings season, with numbers from JP Morgan,. Well Fargo and Citi. Traders booked some of their profits on US stocks after they had a strong finish yesterday. The trade spat with China is still bubbling away in the background, and remains at the forefront of traders’ minds.
KCR Residential raising £3.1m through share issue
KCR Residential announced on Friday that it intended to issue around £3. 1m by way of an issue of ordinary shares at, or credited as fully paid at, 70p per ordinary share.
Citi reports drop in second quarter revenues from fixed income
US lender Citigroup managed to beat analysts' forecasts for second quarter earnings, despite falling short of its own guidance for the firm's sales from trading.
US open: Wall Street's focus switches to bank earnings
Wall Street saw some mixed-to-positive trading at the bell on Friday as market participants turned their attention to bank earnings.
Minds + Machines launches batch of new domains into China
Internet top-level domain operator Minds + Machines Group has received approval from MIIT - the Chinese regulator - for the future release of a new batch of top-level domains (gTLDs) into China - . fashion, . fit, . yoga and . luxe.
Creo Medical Group raises up to £48.5m in placing
Medical device company Creo Medical Group has conditionally raised up to £48. 5m before expenses, it announced on Friday, by way of three share placings by Cenkos Securities at 125p per ordinary share.
FTSE 250 movers: Hays rallies but Galliford drops ahead of update
London's FTSE 250 was up 0. 4% to 20,861. 27 in afternoon trade on Friday.
Inspired Energy tops sector index in first quarter
Inspired Energy was celebrating on Friday, after energy consultancy Cornwall Insight ranked it as the leading third party intermediary in the industrial and commercial sector index rankings for the first quarter.
Providence completes farm-out of part of licence to Total
Ireland-based oil and gas exploration company Providence Resources updated the market on Frontier Exploration Licence (FEL) 2/14 on Friday, confirming that, having received approval from the Minister of State at the Department of Communications, Climate Action and Environment, the farm-out comprising the assignment of 35% equity and transfer of operatorship of the licence to Total E&P Ireland had now completed.
SolGold makes good drilling progress at Cascabel
SolGold updated the market on drilling programs at Alpala and Aguinaga, at its Cascabel project in Northern Ecuador on Friday, reporting that extension drilling at the Alpala Central 'high-grade core’ was expected to extend the high-grade mineralisation along the lower and northeast margins of the deposit.
RhythmOne surges after good start to year
RhythmOne told investors that it had traded in-line with expectations during the first quarter, starting the year strong with quarter-on-quarter growth in both revenue and earnings.