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FTSE 100 movers: Tesco on top while Inmarsat loses steam
The FTSE 100 was just above the line in Friday afternoon trading, having spent much of the session in the red after the IMF warned Brexit would have a 'detrimental' impact on the UK economy.
InfraStrata presses on with drilling as Woodburn Forest hearing adjourned
Independent petroleum exploration and gas storage company InfraStrata made a public statement on the contentious Woodburn Forest project on Friday, promising to progress with its drilling programme as a possible injunction hearing loomed.
Avanti Capital to make a loss on MBlox-CLX merger
Avanti Capital announced its disposal of its total investment in MBlox on Friday, as news emerged that the SMS solutions provider has entered into a definitive merger agreement with CLX Communications.
Headline producer prices weaker than expected in April
Final producer prices edged higher in April, boosted by inflation in the good sector but were nonetheless unchanged when compared to year-ago levels.
US retail sales rise more than forecast in April, data reveals
US retail sales rose more than expected in April, driven by purchases of automobiles, the Commerce Department said on Friday.
Friday newspaper share tips: TalkTalk, British Land, Land Securities
TalkTalk has recovered nicely following the hacking scandal that hit the company but they've come far enough, absent a takeover offer which is now appears unlikely to materialise, The Times's Tempus said.
Results round-up
Weak emerging country currencies and a strong euro combined to hit sales at bottler Coca-Cola HBC, with net sales revenues down 2. 7% to €1. 3bn in the first quarter.
Broker tips: ITV, Acacia Mining, Inmarsat
Deutsche Bank (DB) cut its target price to 185p from 200p and reiterated a ‘sell’ rating for ITV after the broadcaster reported its first quarter results.
Metal Tiger takes chunk of Connemara Mining
Friday brought another strategic investment from natural resource investing company Metal Tiger, as it confirmed it was putting £0. 1m into Connemara Mining Company.
Europe midday: Stocks come off lows ahead of US data
European stocks came off their lows of the session, ahead of the release of US data on retail sales and consumer confidence with the Stoxx 600 on the brink of a third consecutive weekly loss.
Apple puts $1bn into Chinese Uber competitor
Computing and technology giant Apple announced a massive new investment overnight - it’s putting $1bn into Chinese car service Didi Chuxing.
IMF warns of disruptive effects Brexit might have
The UK leaving the European Union would have multiple negative consequences for the British economy and financial markets, the International Monetary Fund warned on Friday.
UK faces 'serious risk' of new financial mis-selling scandal, say MPs
The British financial services industry faces “serious risks” of another mis-selling scandal, with new pension reforms identified as potential trigger by a powerful parliamentary committee.
Eutelsat warning raises questions about Inmarsat's guidance, Berenberg says
A profit-warning from satellite-operator Eutelsat led analysts at Berenberg to question the explanations given by London-based Inmarsat to explain its own recently lowered near-term guidance.
ITV's shares slide as Deutsche Bank cuts target price
Deutsche Bank (DB) cut its target price to 185p from 200p and reiterated a ‘sell’ rating for ITV after the broadcaster reported its first quarter results.
Credit Suisse sticks to overweight stance on Turkish equities
Credit Suisse strategists stuck to their upbeat view on Turkish equities despite the short-term political risks, putting forth half a dozen reasons to back up their argument.
Asia report: Region finishes Friday in the red
Asian markets finished Friday on a disappointing note after a volatile week of trading, with stocks in Japan under fresh pressure from the yen.
UK construction output falls sharply in April
Construction output in the UK fell more than expected in March.
Eurozone GDP rises less than expected in first quarter
The Eurozone economy grew less than expected in the first quarter, according to the flash estimate from Eurostat on Friday.
Chinese money supply growth slows in April, but government borrowings surge
Chinese lenders pulled back on extending credit in April, but government borrowing surged, possibly indicating that easier credit will help to sustain stronger growth until the end of the year, economists said.