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Elecosoft anticipating bumper profit for 2016
Elecosoft posted a trading statement for the year to 31 December on Friday, claiming that based on unaudited management accounts, the board expects profit before tax will be significantly ahead of market expectations.
FTSE 250 movers: Synthomer surges on update; AA skids on Liberum note
London’s FTSE 250 was down 0. 3% to 18,162. 95 in afternoon trade as investors on both sides of the pond looked to the inauguration of Donald Trump.
FTSE 100 movers: Smurfit Kappa gains on price hike; supermarkets drop
London’s FTSE 100 was down 0. 1% to 7,198. 26 in afternoon trade as investors awaited the inauguration of Donald Trump across the pond.
Sterling Energy appoints chairman, two directors
Oil and gas exploration company Sterling Energy has named Michael Kroupeev as non-executive chairman, with immediate effect.
Record hikes AUME to $56.6bn at end-December 2016
Specialist currency manager Record has hiked its assets under management equivalents (AUME) to $56. 6bn at 31 December 2016, from $55. 0 three months earlier.
General Electric earnings and revenue fall year-on-year
Industrial giant General Electric saw a fall in profits and revenue during the final quarter of 2016, but reached analysts' expectations for its earnings per share.
Broker tips: Tesco, Sainsbury's, Whitbread, Pets at Home
Exane BNP Paribas downgraded Tesco and Sainsbury on Friday as it took a look at food retail, leaving it with no buys in the UK.
Golden Saint makes good progress at Baja and Tongo
West Africa-focused diamond and gold exploration company Golden Saint Resources provided the market with operational updates on Friday, relating to two of its exploration licence areas in Sierra Leone - Baja and Tongo.
FX round-up: Cable edges higher despite strong US data
Cable gained ground on Thursday despite the release of upbeat economic data Stateside and support for a long-term strong dollar policy from Trump´s candidate to head the US Treasury.
Character Group warns H1 results will be lower, but remains confident for the full year
Toy company Character Group, which brands include Peppa Pig, Fireman Sam and Scooby Doo, warned that results for the first of 2017 would be lower than last year due to steps taken to act against the low gross margin after the fall in sterling, while it is also developing a range of new products.
Tracsis issues 24k shares to employees
Tracsis confirmed on Friday that, following the receipt of a notice of exercise of employee options, it has issued 24,428 ordinary shares of 0. 4p each.
Financial markets hold breath ahead of Trump inauguration - comment
A most unlikely of transformations will be complete on Friday as Donald Trump takes over from Barack Obama to become the 45th President of the United States.
China GDP accelerates sharply in Q4, official data questioned
China´s economic expansion accelerated slightly at the end of 2016, official government data revealed, but more timely figures for December appeared to point to a slowdown in activity, in part as the fiscal stimulus put in place by the authorities faded, economists said.
Servoca buys back 100k shares
Specialist outsourcing and recruitment solutions provider Servoca announced on Friday that on 18 January, it bought back 100,000 ordinary shares of 1p each in the capital of the group at a price of 22p per share.
JP Morgan bumps up target on Lloyds, positive on MBNA purchase
Analysts at JP Morgan raised their target price on shares of Lloyds, highlighting the lender´s "underappreciated" ability to generate capital while giving short shrift to some market watchers' concerns relating to management´s choice of balance between paying dividends and pursuing acquisitions, such as the purchase of MBNA.
Biome Technologies revenue falls slightly in 2016
Biome Technologies issued its pre-close trading statement for the financial year to 31 December 2016 on Friday, reporting group revenues of £4. 6m, slightly behind the 2015 revenues of £4. 9m.
London midday: Stocks flat ahead of Trump's presidential inauguration
London stocks were flat on Friday as traders assessed UK retail sales and China trade data while looking ahead to the inauguration of Donald Trump later in the day.
Europe midday: Investors cautious ahead of Trump inauguration
European stocks were little changed on Friday, as investors grew cautious ahead of Donald Trump's inauguration, with basic resources in the red following uninspiring Chinese growth figures.
HSBC to pay £4m in redress for overcharging customers in arrears
HSBC has voluntarily agreed to pay £4m in redress to customers who were overcharged when they fell into arrears after buying goods on credit.
Exane BNP downgrades Tesco, Sainsbury
Exane BNP Paribas downgraded Tesco and Sainsbury on Friday as it took a look at food retail, leaving it with no buys in the UK.