Latest News
FTSE 100 movers: Shire shines on Q1, but IAG hits turbulence
London’s FTSE 100 was down 0. 9% to 6,268. 47 in afternoon trade.
US personal income up more than expected but spending weaker
US personal income rose 0. 4% in March after nudging up a downwardly-revised 0. 1% the month before, according to the Commerce Department.
Results round-up
British taxpayer-owned Royal Bank of Scotland more than doubled first quarter losses to £968m after paying out a £1. 2bn dividend to the UK government.
Shire's Q1 earnings and revenue beat expectations
Pharmaceutical company Shire posted better-than-expected first-quarter revenue and earnings on Friday as it said its acquisition of US-based Baxalta was on track.
Broker tips: Pearson, Weir Group, RBS
Numis reiterated a ‘reduce’ rating and target price of 640p for Pearson on Friday after the education publisher reported its first quarter trading update.
Friday newspaper share tips: Pendragon, Weir Group
The recent drop in shares of car dealer Pendragon might be an interesting opportunity for investors, The Times´s Tempus said.
Shell leaves Petro Matad on its own in Mongolia
Petro Matad revealed it had lost its partner in the Block IV and V production sharing contracts in west and central Mongolia on Friday.
Europe midday: Stocks drop as investors wade through earnings, data
European stocks fell on Friday, as investors weighed up encouraging news on Eurozone growth and employment against evidence the bloc was falling further into deflation, amid a deluge of corporate news.
London midday: Stocks fall as eurozone falls further into deflation
London stocks fell on Friday as investors waded through corporate earnings and as data showed the eurozone fell further into deflation in April.
US pre-open: Stocks seen flat but Amazon and LinkedIn set to rally
US futures pointed to a broadly flat open on Wall Street following heavy losses in the previous session, with strength in Amazon and LinkedIn lending support.
Asia report: Most markets drop, though down under defies
Markets in Asia ended the week on a largely downbeat note, as investors moved from central bank decisions to focus on US trading overnight.
Weir shares rise as HSBC upgrades rating to 'hold' from 'reduce'
Weir Group’s shares rose on Friday after HSBC upgraded the oil and gas services stock to ‘hold’ from ‘reduce’ and raised the target price to 1,150p from 750p.
Eurozone unemployment unexpectedly ticks lower in March
The unemployment rate in the Eurozone unexpectedly fell in March, according to the latest figures from Eurostat.
UK mortgages fall in March, Bank of England data reveals
Mortgage approvals for house purchases in Britain unexpectedly fell in March as the surge at the start of the year subsided ahead of higher taxes, data from the Bank of England revealed.
Eurozone economy grows more than expected in first quarter
The Eurozone economy grew more than expected in the first quarter, according to the preliminary flash estimated published by Eurostat on Friday.
Eurozone inflation misses forecasts in April
Consumer prices in the Eurozone fell more than expected in April, according to data released by Eurostat.
Numis reiterates 'reduce' rating for Pearson
Numis reiterated a ‘reduce’ rating and target price of 640p for Pearson on Friday after the education publisher reported its first quarter trading update.
AstraZeneca first-quarter revenue up, earnings down
AstraZeneca posted a drop in first-quarter earnings but a rise in revenue as core research and development costs increased, reflecting recent acquisitions.
Laird confident on second half growth after strong Q1
Laird said first quarter revenue grew 15% to £171m, in line with expectations and was confident of growth weighted towards the second half of the year.