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London midday: Stocks flat ahead of US GDP and Yellen speech

London midday: Stocks flat ahead of US GDP and Yellen speech

UK stocks were flat on Friday as traders looked ahead to data on US economic growth and a speech from Federal Reserve chair Janet Yellen.

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Shire shareholders approve $32bn Baxalta merger

Shire shareholders approve $32bn Baxalta merger

Shire’s shareholders have approved the company’s $32bn merger with US-based Baxalta Inc.

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UK consumer confidence unexpectedly improves in May, says GfK

UK consumer confidence unexpectedly improves in May, says GfK

UK consumer confidence picked up in May as optimism on personal finances improved, a survey revealed on Friday.

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SocGen cuts M&S but says worth holding onto for dividend yield

SocGen cuts M&S but says worth holding onto for dividend yield

Societe Generale downgraded Marks & Spencer to ?hold? from ?buy? and cut the price target to 424p from 545p following the retailer?s......[more]

Citi reiterates underweight stance on global equities

Citi reiterates underweight stance on global equities

Analysts at Citi reiterated their cautious view on global equities, pointing out the recent so-called 'bull flattening' seen in the US......[more]

Wolseley says Nicholls won't be coming on as CFO

Wolseley says Nicholls won't be coming on as CFO

Wolseley said on Friday that Simon Nicholls......[more]

Phoenix Group to buy AXA wealth assets

Phoenix Group to buy AXA wealth assets

Phoenix Group Holdings has agreed with AXA......[more]

Bodycote revenue drops but FY guidance maintained

Bodycote revenue drops but FY guidance maintained

Bodycote reported a drop in revenue between......[more]

HICL nabs stake in Ireland Primary Care Centres Project

HICL nabs stake in Ireland Primary Care Centres Project

HICL Infrastructure Company has acquired......[more]

AstraZeneca breast cancer trial successful

AstraZeneca breast cancer trial successful

Phamaceuticals giant AstraZeneca announced positive results for its Faslodex drug for the......[more]

Berenberg starts Softcat at 'buy'

Berenberg starts Softcat at 'buy'

Berenberg initiated coverage of Softcat, which provides IT infrastructure to corporate......[more]

Exane flags concerns on Capita earnings

Exane flags concerns on Capita earnings

The quality of Capita“s earnings is weak and both on and off-balance sheet liabilities......[more]

UK would enter year-long recession after Brexit, says Treasury

UK would enter year-long recession after Brexit, says Treasury

Britain would enter a year-long recession with a 3.6% growth slump and 500,000 jobs lost if it left the European Union, according to a Treasury analysis.

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Night Tube launch set for August, TfL confirms

Night Tube launch set for August, TfL confirms

The London Underground is set to launch its long-awaited Night Tube on 19 August.

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US labour market may put upward pressure on inflation, says Fed's Bullard

US labour market may put upward pressure on inflation, says Fed's Bullard

The United States' relatively tight labour market may place upward pressure on inflation, strengthening the case for higher interest rates in that country, said St Louis Federal Reserve president James Bullard.

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Greece creditors agree to unlock further aid

Greece creditors agree to unlock further aid

Greece’s creditors have agreed a deal to unlock a further €10.3bn in bailout funds to ease the country’s debt burden.

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Friday newspaper round-up: Brexit, Hinkley Point, Sports Direct, BHS

Friday newspaper round-up: Brexit, Hinkley Point, Sports Direct, BHS

G7 leaders warned on Friday that a British vote to leave the EU next month would seriously threaten the world economy, as they promised “more forceful” policies to boost global growth but papered over differences about fiscal stimulus. “There are potential shocks of a non-economic origin,” the leaders said in a declaration issued during their summit in Ise-Shima, central Japan. “A UK exit from the EU would reverse the trend towards greater global trade and investment, and the jobs they create, and is a further serious risk to growth.” – Financial Times

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Mercia investment in nDreams paying off

Mercia investment in nDreams paying off

Mercia Technologies announced on Friday that its portfolio company nDreams has been appointed by Google as one of the first developers alongside EA Games and Ubisoft to make apps and experiences for mobile virtual reality platform Daydream.

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ServicePower secures deal with Canada-based Kambio

ServicePower secures deal with Canada-based Kambio

Workforce management software company ServicePower Technologies announced a new contract win on Monday, securing a deal with Canada-based preventative auto maintenance services firm Kambio for its Nexus FS Field Service Management software.

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Quixant, Ainsworth extend relationship for five years

Quixant, Ainsworth extend relationship for five years

Specialised computing platform provider Quixant announced the signing of a multi-year contract on Monday, with gaming solutions manufacturer Ainsworth Game Technology.

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Market Buzz [more]

Broker tips: M&S, Capita, Softcat

Broker tips: M&S, Capita, Softcat

Fri, 27 May 2016

(ShareCast News) - Societe Generale downgraded Marks & Spencer to 'hold' from 'buy' and cut the price target to 424p from 545p following the retailer's full-year results earlier in the week.... [more]

SocGen cuts M&S but says worth holding onto for dividend yield

Fri, 27 May 2016

(ShareCast News) - Societe Generale downgraded Marks & Spencer to 'hold' from 'buy' and cut the price target to 424p from 545p following the retailer's full-year results earlier in the week.... [more]

Exane flags concerns around earnings quality at Capita

Fri, 27 May 2016

(ShareCast News) - The quality of Capita“s earnings is weak and both on and off-balance sheet liabilities continue to rise, analysts at Exane BNP Paribas said.... [more]

Company News [more]

Volvere rises more than 8% on improved FY profit

Volvere rises more than 8% on improved FY profit

Fri, 27 May 2016

(ShareCast News) - Shares in Volvere were up more than 8% after the growth- and turnaround-investment company posted a full-year pre-tax profit from continuing operations of £1.34m, from £1.2m.... [more]

London Capital Group says unaware of reason for share price jump

Fri, 27 May 2016

(ShareCast News) - London Capital Group noted the jump in its share price on Friday, saying it was not aware of any reason for the movement.... [more]

Goals Soccer Centres appoints new chief executive

Fri, 27 May 2016

(ShareCast News) - Goals Soccer Centres has appointed Mark Jones as its chief executive.... [more]

Economic News [more]

UK consumer confidence unexpectedly improves in May, says GfK

UK consumer confidence unexpectedly improves in May, says GfK

Fri, 27 May 2016

(ShareCast News) - UK consumer confidence picked up in May as optimism on personal finances improved, a survey revealed on Friday.... [more]

G7 warns of Brexit risks, EU fast-tracks trade talks with Japan

G7 warns of Brexit risks, EU fast-tracks trade talks with Japan

Fri, 27 May 2016

(ShareCast News) - G7 leaders reached a commitment during their summit in Japan to foster strong global growth while calling attention to the multiple geopolitical risks looming on the horizon, includ... [more]