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London midday: Stocks led higher by housebuilders
London stocks edged higher on Friday, led by a rally in housebuilders, as investors analysed Chinese trade data and looked ahead to the release of US retail sales figures.
Britain heading towards a 'muddled Brexit', says Sadiq Khan
The Mayor of London has warned that Britain is falling into a “muddled Brexit”, which would affect the whole country, not just the capital.
Electrical Geodesics revenue rises despite softer second half
Neurodiagnostic medical technology company Electrical Geodesics posted a trading update for the year to 31 December on Friday, saying that on a preliminary, unaudited basis, it expects to report revenues for the year of approximately $14. 3m.
Asia report: Markets mixed as Chinese trade data underwhelms
Markets in Asia finished mixed on Friday, with Chinese shares slipping after fresh data revealed less-than-stellar export figures for December, and equally underwhelming trade data for the year.
Centrica sells 50% stake in Lincs wind farm
British Gas owner Centrica has agreed to sell its 50% stake in the Lincs offshore wind farm off the coast of Skegness to the UK Green Investment Bank for £487m.
US pre-open: Stocks seen touch higher ahead of bank earnings
US futures pointed to a slightly firmer open on Wall Street, as investors awaited the release of earnings from banking heavyweights JP Morgan Chase, Bank of America and Wells Fargo ahead of the opening bell.
Senator Warren introduces bill to force Trump to sell his assets
Massachusetts Senator Elizabeth Warren has stepped up her attacks on US president-elect Donald Trump's plan for the Trump Organisation following his inauguration, with the proposal of new legislation which would force presidents to sell their assets when taking the Oval Office.
Steppe Cement's revenue falls as Kazakhstan cement consumption drops
Steppe Cement, a construction materials producer in Kazakhstan, reported that revenue fell as cement consumption in the country contracted, although the company maintained its market share.
88 Energy completes conventional prospectivity review at Icewine
88 Energy updated the market on Project Icewine, located onshore North Slope of Alaska, on Friday, having completed the conventional prospectivity review over the project.
Ariana Resources issues 56m shares to raise funds for projects
Ariana Resources, an AIM listed exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey, has announced an oversubscribed placing of 56m new ordinary shares to raise gross proceeds of around £900,000 before expenses.
Forterra sees pick-up in last two months of year
Masonry product manufacturer Forterra issued a trading update for the year to 31 December on Friday, saying that in the last two months of the year, it continued to see good levels of activity from the major housebuilders and also from merchants as the excess brick inventory levels built up in the supply chain continued to reduce.
Berenberg upgrades Randgold to 'buy' from 'hold'
Berenberg on Friday upgraded Randgold Resources to a ‘buy’ rating from ‘hold’ and raised the target price to 7,400p from 7,190p, saying the miner is a “quality gold asset, attractively priced”.
ITV gains as Goldman highlights M&A potential
ITV got a boost on Friday after Goldman Sachs added the buy-rated stock to its Conviction List, saying its is one of the most likely M&A candidates in its coverage, as it took a look at the European media sector.
XP Power sees fourth quarter resurgence
Critical power control component developer and manufacturer XP Power issued a trading update for the fourth quarter to 31 December on Friday, claiming a strong finish to the year, trading in line with the board’s expectations as the acceleration in order intake reported in the third quarter fed through into revenue growth in the final quarter.
Snoozebox to provide accommodation for Isle of Man TT again
Snoozebox will be providing a total of 240 rooms at the Isle of Man TT motorcycle races being held between May and June.
SIG shares surge as update reassures investors
SIG reported an 11. 2% rise in group sales in the year to the end of December, a performance it described as “disappointing” as it admitted that it lost sight of its customers somewhat due to its transformation programme, but investors appeared relieved it wasn't another profit warning.
London open: Shares rise despite mixed Chinese trade data
Stocks started the day slightly higher despite the release of weaker than expected Chinese trade data as investors looked ahead to some key US bank earnings reports and a barrage of economic data.
Lavendon expects revenue to be ahead of expectations after 'strong' 2016
Equipment rental company Lavendon expects revenues to be ahead of expectations due to a “strong” trading performance in 2016 and the weak pound, but it remained cautious over the UK’s economic outlook.
Europe open: Stocks edge higher as focus turns to US bank earnings
European stocks edged higher in early trade after US markets managed to pare losses into the close on Thursday, with investors eyeing the release of some key bank earnings across the pond.