Latest News
Week ahead: Jackson Hole Symposium, Global PMIs in the spotlight
All eyes over the coming week will be on cental banking symposium at Jackson Hole, Wyoming (USA), with investors keen for further guidance on the path that the US central bank's monetary policy may follow in 2023.
Fed will do what it takes to get inflation back to 2.0 per cent, Barkin says
The head of the Federal Reserve Bank of Richmond said that the US central bank would do "what it takes" to get inflation back down to 2%.
Europe close: Stocks slip amid record German producer prices and natural gas quotes
European equity markets extended their losses on Friday, with investors assessing the inflation picture on both sides of the Channel following a record rise in German producer prices.
Weekly review
The FTSE 100 ended the week 49. 48 points higher, closing Friday’s session at 7,550. 37.
London close: Collapse in the pound keeps FTSE above water
London stocks were in a mixed state by the close on Friday, after the latest retail sales data beat expectations, while consumer confidence reached a fresh low.
Citi downgrades Experian on concerns around falling housing transaction volumes
Analysts at Citi downgraded their recommendation for shares of Experian to 'neutral' due to their "cyclical" concerns around its North American business-to-business unit.
Broker tips: Joules, Experian
Liberum downgraded its recommendation for retail and homeware retailer Joules on the back of a deteriorating outlook for consumer spend.
Liberum downgrades Joules on deteriorating outlook for consumer spend
Liberum downgraded its recommendation for retail and homeware retailer Joules on the back of a deteriorating outlook for consumer spend.
US open: Options expiry, Fedspeak drag on stocks
Stocks on Wall Street were slipping at the end of the week ahead of the expiry of $2trn options expiry later in the session and amid the prospect of higher rates for longer, the latter as per multiple Fed speakers the night before.
Cineworld shares tank on report chain is set to file for bankruptcy
Cineworld shares went into freefall on Friday on a report that the world’s second largest cinema chain was preparing to file for bankruptcy amid plunging ticket sales after Covid pandemic restrictions were lifted.
FTSE 250 movers: Marshalls slides as consumer confidence slumps
The FTSE 250 was down 0. 92% at 19,950. 73 at 1547 BST.
FTSE 100 movers: Pharma in favour, IAG down on Iberia Express strike call
The FTSE 100 was up 0. 22% at 7,558. 49 at 1530 BST.
Director dealings: TMT board members buy shares at serious discount
Technology-focussed venture capital firm TMT Investments disclosed a number of share purchases made by board members on Friday.
BofA strategists sound bearish note on stocks, say Fed 'nowhere near done'
BofA Securities strategists sounded a 'bearish' note on the outlook for equity markets arguing that the US central bank was not done and enumerating a list of reasons to back up their thinking.
US pre-open: Futures slip ahead of massive $2trn options expiry
Wall Street looks primed for a lower start at the end of the week ahead of the expiry of $2trn options expiry later in the session.
UK's FCA fines Citigroup £12.5m for market abuse failings
Citigroup Global Markets has been slapped with a £12. 5m fine by the UK financial regulator for failing to monitor suspicious trading.
Nanoco confident as Samsung litigation moves to trial
Quantum dots and nanomaterials developer Nanoco announced the start of the pre-trial conference in its litigation against Samsung on Friday, for the “willful infringement” of its intellectual property.
Advanced Oncotherapy raises another £1.47m as it advances 'LIGHT' system
Proton therapy developer Advanced Oncotherapy announced it was raising £1. 47m through a direct subscription on Friday, to fund its corporate activities as it moves its ‘LIGHT’ system towards full operation.
Kinovo shares surge on solid full-year results
Property services provider Kinovo reported a 35% improvement in full-year revenue from continuing operations on Friday, to £53. 3m.
First-half losses narrow slightly for Beowulf
Beowulf Mining reported a consolidated first-half loss of £0. 68m on Friday, narrowing slightly from £0. 71m year-on-year.