Latest News
President Energy swings to FY loss as output rises
Paraguay- and Argentina-focused President Energy upped its daily production rate by 15% to 490 barrels of oil equivalent per day in 2015 in what it described as a challenging year due to macro and micro headwinds.
Friday newspaper share tips: Daily Mail and General Trust, Babcock International
Shares in Daily Mail and General Trust may turn out to be oddly cheap when the company’s media revenue curve turns upwards, argues the Financial Times’ Lex column.
Philips Lighting jumps in first day of trading
Royal Philips successfully floated a 25% stake its lighting business in what market commentary described as a further step towards focusing on manufacturing goods for the health-care market.
US Q1 GDP better than first estimated but still sluggish
US growth did not slow as sharply in the first quarter as initially estimated, according to data released by the Commerce Department.
Arbuthnot Banking looks to reduce stake in Secure Trust Bank
Arbuthnot Banking Group intends to cut its stake in Secure Trust Bank to 20%, from 51. 9%, by selling about 5. 8m shares in the company at a discounted £25 each.
Atlantis swings to FY profit after Marine Current Turbines deal
Atlantis Resources has swung to a full-year pre-tax profit of S$4. 3m, from a loss of S$16. 2m, largely as a result of the gain from the acquisition of Marine Current Turbines.
Asia: Stocks jump across the region
Asian equities finished the session with almost across-the-board gains on Friday, ahead of a long-weekend in the UK and in the US.
Results round-up
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.
Goals Soccer Centres appoints new chief executive
Goals Soccer Centres has appointed Mark Jones as its chief executive.
Nature Group widens FY loss, says more work to be done
Nature Group says it still has work to do as it posted a wider full-year pre-tax loss of £2. 41m, from a loss of £1. 44m, even as revenue firmed to £16. 27m, from £14. 33m.
Volvere rises more than 8% on improved FY profit
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.
London Capital Group says unaware of reason for share price jump
London Capital Group noted the jump in its share price on Friday, saying it was not aware of any reason for the movement.
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.
Europe midday: Stocks struggle for direction
European equity markets were little changed on Friday, struggling for direction as oil prices fell back and investors awaited a speech from Federal Reserve Chair Janet Yellen.
US pre-open: Stocks seen touch higher as investors eye Yellen, oil price
US futures suggested stocks on Wall Street would open just a touch higher on Friday amid weaker oil prices and with investors likely reluctant to make bold moves ahead of a speech by Federal Reserve chair Janet Yellen and GDP data.
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 government interest rate curve.
Broker tips: M&S, Capita, Softcat
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.
Pinnacle Technology buys adept4
Pinnacle Technology has bought cloud based IT services provider adept4 for £5. 5m.
Fund flows flirting with contrarian buy signal, BofA says
Flows into and out of the different asset classes over the latest week were flirting with a possible 'contrarian' buy signal in global equities, Bank of America-Merrill Lynch strategists said.
Watchstone FY loss narrows but impairment charges a drag
Watchstone Group, the insurance technology firm formerly known as Quindell, posted a slightly narrower loss for the year to the end of December.