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US close: Stocks hit two-week low on inflation, tariff fears
US stocks dropped sharply on Friday with the S&P 500 hitting its lowest level in two weeks as risk appetite was hammered by an upside surprise to inflation data.
Weekly review
The FTSE 100 ended the week up 12. 06 points, or 0. 14%, closing at 8,658. 85 on Friday.
Broker tips: B&M European Value Retail, Burberry, Next
Citi reiterated its ‘buy’ rating on B&M European Value Retail on Friday as it said the stock’s de-rating was overdone.
London close: Stocks slip as US core inflation tops forecasts
London stocks closed lower on Friday, as investors digested a mix of economic signals, including a surprise rise in US consumer inflation and fresh domestic data.
US consumer confidence revised lower as economic outlook deteriorates
US consumer sentiment was revised lower for March, according to an updated survey from the University of Michigan on Friday, with confidence falling for the third straight month.
Director dealings: Prudential director snaps up shares
Prudential revealed on Friday that non-executive director Lu Ming had acquired 5,000 ordinary shares in the London-listed asset management and insurance firm.
FTSE 250 movers: Wizz, Close Brothers and Aston Martin drop
Wizz Air, Close Brothers and Aston Martin Lagonda Global were among the worst performers on the FTSE 250 on Friday, with the second-tier index trading around 0. 5% lower by mid-afternoon.
Airline stocks down as Heathrow boss warns power supply upgrade could cost £1bn
London-listed airline stocks were on the descent on Friday after Heathrow's boss warned that the cost of upgrading the airport to a new power system could cost upwards of £1bn, with airlines having to foot the bill through landing charges.
US open: Stocks sharply lower as core PCE inflation unexpectedly rises
Major indices were in the early on Friday as market participants digested the Federal Reserve's preferred inflation measure.
FTSE 100 movers: IAG flies lower after Heathrow boss warning; utilities gain
London’s FTSE 100 was down 0. 3% at 8,641. 02 in afternoon trade on Friday.
Week ahead: Trump, US trade tariffs, Non-farm payrolls in focus
Investors may get caught on the hop if they focus on the 2 April announcement of trade tariffs by the US administration, Bank of America says.
UK Oil & Gas delays results, temporarily suspends trading on AIM
UK Oil & Gas said on Friday that trading on AIM would be temporarily suspended as it announced a delay to the publication of its annual results.
Woodbois planning to raise £2.65m to support working capital
Woodbois announced plans to raise up to £2. 65m through a subscription for 5. 3 billion new shares on Friday, at 0. 05p per share.
URU Metals raises £0.3m to accelerate work at Zebediela
URU Metals announced on Friday that it has raised £0. 3m through a placing of 10 million new shares at 3p each, to accelerate exploration and development work at its Zebediela nickel project in South Africa.
Rockfire Resoruces reports ongoing work at Molaoi
Rockfire Resources reported continued progress at its wholly-owned Molaoi zinc project in Greece on Friday, with exploration activities expanding mineralisation targets and supporting development planning.
Goldstone Resources converts gold loan interest to shares
Goldstone Resources announced on Friday that it has agreed to issue 49 million new shares to Asian Investment Management Services (AIMSL) in settlement of 247. 72 troy ounces of accrued interest under its existing gold loan agreement.
Chelsea Football Club owner eyes up National World
Eldridge Media Holdings is eyeing up newspaper publisher National World, it was confirmed on Friday, amid ongoing speculation that the two groups are preparing a joint approach for The Telegraph.
Parkmead swings to first-half net loss
Parkmead reported a first-half net loss of £1. 2m for the six months ended 31 December on Friday, compared with a £0. 7m profit a year earlier, as lower production volumes and one-off restructuring costs weighed on performance.
Brooks Macdonald starts trading on main market
Brooks Macdonald shares started trading on London’s main market on Friday, following their simultaneous cancellation from AIM.
Thames Water finance chief stepping down
Thames Water’s chief financial officer Alastair Cochran will leave the company at the end of March, it was announced on Friday, marking a significant leadership change as the debt-laden utility pushed ahead with efforts to stabilise its finances.