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Gulf Petrochem Group: 'New Silk Road' oil refining dominance emerging
By Manan Goel, Group Director, Gulf Petrochem Group.
Johnson calls Obama a "hyprocrite" for backing remain campaign
London Mayor Boris Johnson has accused Barack Obama of being a “hypocrite” for endorsing the campaign to keep Britain in the European Union.
Brexit worries continue to weigh on property stocks, homebuilders' shares
Property and real estate stocks were again weaker, with investors referencing simmering fears regarding the possible impact which Brexit might have on the sector’s high-flying shares.
Market overview: Housebuilders keep dropping
1635:Close Property stocks and homebuilders’ shares weighed on the Footsie in what was otherwise a rather dull day of trading. FX markets were very calm, at least on the surface. Sovereign fixed income markets on the other hand were on the move, with yields on UK ad US 10 year bonds moderately lower. To take note of, the latest US data on industrial production and consumer confidence came in below analysts’ forecasts. Crude oil futures were also on the backfoot, likely as traders played it safe ahead of this weekend’s meeting of several of the world’s major oil producers in Doha, Qatar.
Entertainment One trades at significant and unwarranted discount, Canaccord says
Shares of Entertainment One were trading at a “significant” and “unwarranted” discount to its peers, regardless of whether a formal bid for the company would be forthcoming or not, Canaccord Genuity said.
FX round-up: US dollar ends session slightly lower
Cable was practically unchanged by the end of trading in London, as with most of the major pairs, with a slightly weaker tone to trading in the greenback, following weak economic data, and in the currencies of the major crude oil producers as crude oil prices slipped.
Europe close: Stocks slip on oil price drop
European stocks fell on Friday as caution crept in ahead of this weekend’s meeting of oil producers in Doha, and investors digested some key data releases out of China.
LiteBulb warns shareholders to expect nothing from disposals
LiteBulb warned shareholders not to hold high hopes on Friday, as it updated the market on is disposals and ultimate winding-up.
Results round-up
AIM-listed Taliesin Property Fund, which focuses on the Berlin residential market, reported a big jump in profit for the year to the end of December.
Small caps round-up
Vela Technology announced the completion of a £0. 15m investment on Friday, in on-demand airport luggage transfer service Portr. The AIM-traded investing company focused on early-stage and pre-IPO technology investments confirmed the funds were paid to Portr in early April.
London close: Stocks end lower after mixed data, slide in oil prices
UK stocks closed in the red on Friday as oil prices fell and investors sifted through a batch of mixed economic data.
Vela Techology completes investment in Portr
Vela Technology announced the completion of a £0. 15m investment on Friday, in on-demand airport luggage transfer service Portr.
Directors dealings: Hilton Food Group non-exec picks up some shares as stock soars
Christine Cross, one of three non-executive directors at Hilton Food Group picked up £29,000-worth of stock in the company on whose board she sits at a price of 580p for each share.
Keras Resources raises £1.25m in placing
Keras Resources was preparing to push ahead with developments at two projects on Friday, having raised gross proceeds of £1. 25m in a placing.
US open: Stocks decline as investors digest data
US stocks were in the red on Friday as investors weighed a further slowdown in China’s economic growth and a worse-than-expected drop in US industrial production.
Friday newspaper share tips: Burberry, Unilever
Burberry has great financials, it generates strong cash flow - more than twice what is needed to cover its dividend payments – yields over 3. 0% and has a pristine balance sheet, the Financial Times’s Lex column said.
FTSE 250 movers: Housebuilders and energy shares slump; Man Group bucks trend
London’s FTSE 250 index was down 0. 5% to 16,915. 80 in afternoon trade, with housebuilders and energy stocks under pressure.
FTSE 100 movers: SABMiller higher, while Brexit risk drags housebuilders
The FTSE 100 was in the red on Friday afternoon, as investors reacted to slower growth in China, with lower oil prices and Brexit concerns also affecting the markets.
Victoria ends takeover discussions with Lano Carpets
The board of AIM-traded floorcovering designer and manufacturer Victoria announced the end of discussions over a potential acquisition on Friday.