Latest News
FTSE 100 movers: Downgrades dent United Utilities, BP, Shell
London's FTSE 100 was up 0. 1% to 7,357. 36 in afternoon trade as the pound fell back below $1. 30 after the latest data from the Office for National Statistics confirmed that UK growth slowed significantly in the first quarter.
Results round-up
Shares in video games retailer Game Digital tanked on Friday after it cautioned that full-year profit will be "substantially" below previous expectations due challenging trading conditions, low supplies of the Nintendo Switch in the UK and softness in its core Xbox and PayStation markets.
Broker tips: Greene King, UK water, Lonmin
Greene King slumped on Friday after JPMorgan Cazenove downgraded the stock to 'neutral' from 'overweight' and cut the price target to 750p from 810p as it pointed to the absence of a compelling catalyst to cause a bounce-back.
US personal incomes and spending rise as expected in May
Americans' incomes and consumption rose roughly by as much as expected last month amid a small dip in price pressures.
Europe midday: Stocks higher ahead of US data
Europe's main equity indices were near their best levels of the session on the last day ahead of the release of a raft of US data.
Immupharma pleased with Lupuzor trial progress
Specialist drug discovery and development company ImmuPharma updated the market on Friday on its “pivotal” 52-week randomised, double-blinded Phase III clinical trial of Lupuzor - its lead programme for the potential “breakthrough compound” for the life threatening autoimmune disease lupus.
Anglo Asian targets slightly reduced from 2016 production
Azerbaijan-focussed gold, silver and copper producer Anglo Asian Mining was holding its annual general meeting in London on Friday, with CEO Reza Vaziri explaining to investors that he was “very pleased” with the return of the company to profitability in 2016.
Credit Suisse predicts end of an era for UK Water, cuts target prices
Analysts at Credit Suisse downgraded their view on the UK water sector, telling clients there was a fair chance that OFWAT would be less generous in its next regulatory price review, PR 19.
AudioBoom looking to shore up costs with creator-paid subscription
Spoken word audio on-demand platform AudioBoom announced the launch of a monthly subscription service for spoken word podcast creators on Friday.
Corbyn wields the axe as three frontbenchers sacked
Labour leader Jeremy Corbyn has demoted three members of his shadow cabinet after 50 MPs rebelled in a vote on whether to stay in the single market post-Brexit.
Goldman Sachs upgrades Lonmin to 'neutral' after underperformance
Metal miner Lonmin pushed higher on Friday after it was boosted by an upgrade to ‘neutral’ by Goldman Sachs.
London midday: Stocks turn higher as pound slips after GDP data
London stocks had reversed earlier losses to trade a little higher by midday as the pound slipped back below $1. 30 after the latest data from the Office for National Statistics confirmed that UK growth slowed in the first quarter.
US pre-open: Stocks seen higher after Thursday's tech selloff
US futures pointed to a positive open on Wall Street on Friday, with stocks expected to rebound following weakness in the technology sector a day earlier.
Asia report: Markets lower as tech stocks stumble
Most markets in Asia were lower on Friday, with tech shares in the region taking their cues from their Wall Street peers, as traders in most countries brushed off solid manufacturing data from China.
IronRidge Resources to raise £8.3m in subscription and placing
AIM-listed IronRidge Resources has announced plans for a subscription and placing of 23. 6m shares at 35p each to raise approximately £8. 25m, which will be used for working capital and the ongoing development of the company's pipeline of projects in emerging frontier provinces.
Trinity Mirror's first half digital revenues increase, results seen in-line
Trinity Mirror boasted continued progress with its strategy of growing digital sales and said results would be in-line with expectations despite continued declines in print advertising and circulation revenues.
Sky agrees five-year deal with England & Wales Cricket Board
Sky Sports has agreed a new five-year partnership with the England & Wales Cricket Board to broadcast international and county cricket from 2020.
Sabien wins another contract from Interserve
Boiler energy efficiency technology company Sabien Technology Group announced on Friday that it had been awarded a contract worth £287,750.
Randall & Quilter sells Norwegian subsidiary
AIM-listed Randall & Quilter has sold the entire share capital of its Norwegian service company R&Q Triton to Gabler.
Avation completes $31m sale of six ATR aircraft
Commercial passenger aircraft leasing company Avation announced on Friday that, further to its announcement on 24 April, the sale of six aircraft pursuant to sale and purchase agreements with Chorus Aviation Capital Corporation and its subsidiaries had now been satisfactorily completed.