Latest News
Alphabet shares hit as Q1 profits below expectations
Google parent company Alphabet Inc said first quarter revenues jumped 17% to $20. 3bn although losses at its “other bets” division widened to $802m from $633m.
Asia report: Most markets follow US lower
Most Asian markets ended the week downbeat, with losses across the region on Friday following drops in US equities overnight.
HSBC trims Sky's target price after third quarter interims
Sky’s shares fell on Friday as HSBC trimmed the broadcaster’s target price to 1,010p from 1,020p and maintained the stock at ‘hold’.
Citi starts coverage of Northgate at buy
The 'bears' on Northgate had it all their way last year, but the company's fortunes might be set for a turnaround, analysts at Citi said as they started coverage of the firm's shares with a 'buy' recommendation and target price of 600p.
Herencia Resources gets second loan tranche
Herencia Resources said it had received the second tranche of a recently arranged £0. 5m loan facility.
Saga main shareholder sells out, chairman buys in
Saga's main shareholder and former private equity owner Acromas signed off the sale off its last remaining shares overnight on Thursday, with chairman Andrew Goodsell taking the opportunity to buy £5m of stock.
Renewables Infra extends acquisition facility to 2019
The Renewables Infrastructure Group (TRIG) said it has extended its £150m revolving acquisition facility until 2019.
Cerillion sees FY in line with expectations
Billing software company Cerillion said full year results are anticipated to be in line with management expectations, with revenues of around £6. 9m and earnings before interest, tax, depreciation and amortisation of £1. 1m, an increase of 11% and 21% respectively.
London open: Stocks decline as Greece holds debt talks with lenders
London stocks fell on Friday as Eurozone officials said Greece and its international lenders are unlikely to reach an agreement on debt relief.
Europe open: US corporate results, caution weigh on indices
European equities started of the session with moderate losses, weighed down by poor corporate results out overnight in the States and with speculation of further easing by the Bank of Japan underlining the 'defensive' moves seen of late by many major central banks to try and stem deflationary forces and kick-start activity.
Ultra Electronics wins sonobuoy contract extension with Royal Navy
Ultra Electronics has won a £9. 5m contract extension to supply its anti-submarine sonobuoys to the Royal Navy's Merlin Maritime Patrol Helicopter, releasing some of the £100m of pent-up orders delayed from the last financial year.
Lloyds looking at deeper job cuts or new strategic review, reports say
Lloyds Banking Group may make more than its planned 9,000 job cuts before the end of 2017, according to reports, with management pondering a new strategic review of the business.
Economic and political pressures weighing on P2P Global Investments
Market newcomer P2P Global Investments talked up its shareholder returns in its annual report on Friday, though it did admit to some strong headwinds in the markets heading into 2016.
Capita wins contract extension from Debenhams
Capita has won an extension to its customer services outsourcing contract with department store operator Debenhams.
Yen slides on news BoJ to target credit
Japan's central bank may help to finance lending by some of the country's lenders as it studies measures to help offset further reductions in its main policy interest rates into negative territory, according to a report in Bloomberg.
London pre-open: Footsie set for lower start despite yen weakness, oil price gains
Stocks are expected to start the session lower amid a sharp drop in the value of the yen and another move higher in crude oil futures.
UBM acquires US fashion trade shows
UBM has acquired Business Journals Inc (BJI), a producer of fashion trade shows in New York and Las Vegas, for $69m in cash, which is expected to be repaid by the end of next year.
Hammerson signs new £420m credit facility
Property development and investment company Hammerson shored up its finances on Friday, successfully syndicating and signing a £420m unsecured revolving credit facility with eight international banks, at an initial margin of 90 basis points.
Friday newspaper round-up: Obama, Estate agents, Saga
Barack Obama will appeal to voters today to ensure that Britain continues its “outsize influence” by remaining inside a European Union that “enhances its global leadership”. The US president flew to the UK last night to make what David Cameron hopes will be one of the referendum campaign’s most powerful interventions. President Obama answers critics with the “silent testament” of US war dead whose sacrifice for Europe’s freedom, he says, had forged the special relationship and intertwined the countries’ security and prosperity.
UBM acquires US fashion trade shows, Hammerson refinances
London open The FTSE 100 is expected to drop 22 points on Friday morning, extending losses from the previous day.