Market Pulse
Sector Movers: Oil price uptick sends energy stocks higher
A second successive day of oil price rises sent oil and gas stocks higher on Friday, with headline London indices ending the week in positive territory.
Commodities: Oil futures head higher for second successive session
Oil futures headed higher for a second session in a row on Friday, with a torrid week ending on a positive note in Europe.
Distil's third quarter revenue jumps 71%
Distil’s shares gained on Friday after the spirits maker reported a 71% jump in third quarter revenue.
Outlook for US and Europe has not changed fundamentally, Carney says
Advanced economies in Europe and the US have not been derailed by the wave of volatility that has washed over commodities and financial markets recently, the Governor of the Bank of England told a newspaper on Friday.
Europe close: Strong gains for stocks
European stocks racked up very solid gains on Friday as investors continued to take heart from signs the European Central Bank may implement further stimulus measures, with energy issues in the lead as oil prices rallied.
FTSE 250 movers: Petrofac, Acacia Mining, Virgin Money
A second day of large gains saw West Texas Intermediate crude oil futures clock in with their biggest two-day advance since August 2015. According to Blacrock's chief, institutionals began wading into financial markets as far back as last Wednesday. Dovish remarks from the ECB's Mario Draghi further supported risk sentiment the next day and came alongside speculation from different corners that both the BoJ and the US Fed might soften their current policy biases.
Pinnacle Technology's shares plunge as full year earnings loss widens
Shares in Pinnacle Technology Group plunged on Friday after the company widened its full year earnings loss as revenues fell.
US open: Oil price rebound and stimulus hopes boost stocks
US stocks gained on Friday as oil prices recovered and speculation of further stimulus in Japan and in Europe gave global equity markets a boost.
FX Roundup: Euro tumbles further, commodity currencies recover
Commodity linked currencies got rare respite while the euro registered further declines on Friday, after European Central Bank President Mario Draghi said monetary policy might be reviewed in March.
US manufacturing rebounds in January
Manufacturing sentiment in the US rebounded in January from a 38-month low the previous month, according to figures released on Friday.
Action Hotels chairman Al-Sabah buys shares from director
Action Hotels founder and chairman, Mubarak Al-Sabah, purchased 1. 5m shares in the Middle East and Australian hotel operator at 48p each from development director Rawaf Bourisli.
US leading economic index slips more than expected
The Conference Board’s leading economic index slipped 0. 2% in December to 123. 7 following a 0. 5% rise the two previous months, led by a decline in housing permits and weak new orders in manufacturing.
Boeing to halve 747 jumbo jet production
Aircraft marker Boeing will reduce the production of its iconic 747 jumbo jet by half, the company confirmed on Friday.
Schlumberger cuts 10,000 jobs as oil slump continues
Global oilfield services giant Schlumberger has cut 10,000 jobs over the last three months in wake of the oil price slump.
IMF boss Lagarde to run for second term
The managing director of International Monetary Fund - Christine Lagarde - whose official term in office ends on 5 July, has confirmed she will put herself forward for a second term in office.
Friday newspaper share tips: Chemring, Pearson
For a manufacturer of devices to protect from improvised explosive devices, Chemring has been running into too many 'unknown' negative factors of late for comfort.
US existing home sales fly past forecasts in December
Sales of second-hand homes in the US snapped back at the end of 2015, thanks to warm weather and as buyers faced the prospect of higher mortgage rates in coming months.
Apple's Tim Cook traveled to Brussels to lobby ahead of anti-trust decision
Apple’s boss made a surprise visit to Brussels on Thursday in a bid to front-run a possible antitrust verdict that could cost the Cupertino, California-based tech giant several billion dollars in underpaid taxes allegedly owed to Dublin, the Financial Times reported.
FTSE 100 movers: Energy stocks jump as oil rallies; Pearson gives back some gains
London’s FTSE 100 was up 2. 3% to 5,903. 53 at 1435 GMT, as investors welcomed signs that more monetary stimulus from the European Central Bank may be on the cards and amid stronger oil prices.