Latest News
PayPal says US consumer watchdog opened investigation into Venmo
PayPal Holdings said on Friday it was cooperating with a civil investigative demand from the US Consumer Financial Protection Bureau it had received in relation to its Venmo app’s alleged unauthorized fund transfers and collections processes.
UK's green plan for homes could boost labour market post-pandemic
The UK’s Sustainable Building Services plan could boost the labour market's recovery from the Covid-19 pandemic as vacancies for architects, surveyors, administrators and accountants need filling.
UK watchdog confirms continued 'high' safety of Covid-19 vaccines
Ongoing safety checks by the UK regulator confirmed the safety of Covid-19 vaccines.
Retailers demand legislation to protect shopworkers from abuse - BRC
Chief executive officers from over 65 companies wrote to the Prime Minister calling for greater legal protection for shopworkers in England and Wales after an increase of verbal abuse and violence due to Covid safety measures.
US pre-open: Futures higher ahead of nonfarm payrolls report
Wall Street futures had stocks opening higher yet again on Friday, with major indices attempting to close out their best week since November on a high.
Retail sales drop amid continuing lockdown
Retail sales fell last week as a doubling of non-store business failed to offset plunging transactions in shops, a survey showed.
Europe midday: Shares higher as France, Italy outperform
European stocks were higher on Friday following gains on Wall Street overnight, although shares in Britain and Germany were off the pace on Covid concerns and weak economic data respectively.
London midday: Stocks flat as investors eye non-farm payrolls
London stocks were steady by midday on Friday as investors kept their powder dry ahead of the latest US non-farm payrolls report.
Europe open: Shares open higher in muted trade
European stocks opened higher on Friday following gains on Wall Street overnight, although shares in Britain and Germany were off the pace on Covid concerns and weak economic data respectively.
Burberry risk/reward now more balanced, says Goldman
Goldman Sachs upgraded its stance on luxury brand Burberry to ‘neutral’ from ‘sell’ and lifted the price target to 1,690p from 1,595p as it said the risk/reward is now more balanced.
Asia report: Most markets higher, Japan auto plays rise on Apple rumours
Most markets in Asia closed in positive territory on Friday, with Japanese carmakers having their time in the spotlight amid ongoing rumours of an electric vehicle tie-up with Apple.
Liberum upgrades Barratt Developments to 'buy'
Analysts at Liberum upgraded Barratt Developments from 'hold' to 'buy' and raised their target price on the homebuilder to 735. 0p from 690. 0p on the back of the group's better-than-expected first-half earnings.
UK directors to be responsible for financial statements - report
UK directors will be personally responsible for the accuracy of their company's financial statements as part of an overhaul of corporate governance and audit checks, the Financial Times reported.
Caspian Sunrise progress remains 'limited'
Caspian Sunrise updated the market on its progress on Friday, having previously identified three factors holding back its short-term progress, being the Kazakh domestic oil price, assessed historic costs for BNG, and the lack of deep-well success.
Savannah Energy subsidiary enters gas sales agreement in Nigeria
Africa-focussed Savannah Energy announced on Friday that its Accugas subsidiary has entered into a new gas sales agreement with Mulak Energy.
Takcapital investment Salarius launches crowdfunding campaign
Intellectual property investment company Tekcapital announced on Friday that its portfolio company, Salarius, has launched an equity crowdfund for its subsidiary MicroSalt, to raise up to $0. 75m (£0. 55m).
Berenberg initiates Anglo American with 'buy' rating
Berenberg advised investors to ‘buy’ Anglo American as the broker published an upbeat view of the sector’s long-term prospects and potential to pay dividends.
Ascent continues Slovenia negotiations as well returns to production
Caribbean, Latin America and Europe-focussed energy and natural resources company Ascent Resources responded to the recent rise in its share price on Friday, updating the market on the previously-announced direct negotiations with the government of Slovenia and on its operations in that country.
Barclays downgrades Johnson Matthey to 'underweight'
Barclays downgraded specialty chemicals company Johnson Matthey to ‘underweight’ from ‘equalweight’ and cut the price target to 2,570p from 2,640p.
Chaarat Gold launches $25m fundraise for Tulkubash project
Kyrgyz Republic and Armenia-focussed mining company Chaarat Gold is launching a fundraise for around $25m (£18. 26m), it announced on Friday, through the issue of new shares at 26p each, to complete funding of the Tulkubash project.