Market Pulse
3i Infrastructure buying up to 50% of TCR
3i Infrastructure announced an investment of €200m into TCR on Friday, in a consortium with Deutsche Asset Management.
US close: Stocks end lower as traders weigh earnings and data
US stocks closed in the red on Friday as investors weighed corporate earnings and economic data.
Commodities: Overcapacity in aluminum and steel markets at all-time highs, analysts say
A sharp move lower in the US dollar after China´s central bank raised its daily fix for the country´s currency by the most since July 2005 light a fire under commodity prices.
Shore stays at buy on RBS following Q1 figures, flags risks to dividend
ShoreCap retained its positive stance on Royal Bank of Scotland following the lender´s latest results but flagged the possibility that setbacks in the sale of its William&Glyn unit might hinder the restart of dividend payments next year.
Sector movers: Banks, engineering stocks lead drop
Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years.
FX round-up: PBoC hikes yuan fixing by most since 2005
The US dollar hit an 11-month low on the back of a raft of weaker than expected economic figures released on Friday, even as the president of the Federal Reserve bank of Dallas, Robert Kaplan, told Bloomberg TV he would support an interest rate hike in June if data over the coming months showed the economy was continuing to strengthen.
London close: Stocks finish lower as consumer confidence declines
London stocks ended Friday in the red, after a raft of corporate earnings and a further fall into deflation for the eurozone in April.
Citi downgrades global equities to underweight, more positive on commodities
Investors should mind the curves ahead, strategists at Citi said.
Europe close: Risk appetite falls ahead of long weekend, US jobs report
European stocks fell on Friday, ahead of the long weekend and next Friday´s all-important US jobs report, despite better than expected readings on economic growth and unemployment.
Directors dealings: John Laing Group chief picks up batch of shares
John Laing Group´s boss and his partner picked up a handful of stock in the infrastructure investor on Friday.
Week ahead: Global manufacturing PMIs in focus
Purchasing managers´ indices for the manufacturing and services sector scheduled for release on Tuesday and Thursday will provide further real-time readings on the current state of affairs in the British economy.
Flowgroup's shares plunge as it reports full year loss
Flowgroup’s shares plunged on Friday after the energy services company reported a wider operating loss in 2015.
US open: Stocks slide as traders digest earnings and data
US stocks were sitting lower on Friday, as traders digested corporate earnings and economic data.
Michigan consumer sentiment weakens in April
Consumer sentiment weakened in April as Americans became increasingly concerned about the future, according to the final reading from the University of Michigan.
Chicago PMI misses expectations in April
The Chicago Purchasing Managers’ index fell to 50. 4 in April from 53. 6, led by a drop in new orders and a sharp decline in order backlogs.
FTSE 250 movers: Restaurant Group sinks as revenues lift Rotork
The FTSE 250 was down in afternoon trading on Friday, as investors picked their way through a raft of corporate earnings and as data showed the eurozone fell further into deflation in April.
FTSE 100 movers: Shire shines on Q1, but IAG hits turbulence
London’s FTSE 100 was down 0. 9% to 6,268. 47 in afternoon trade.
Shire's Q1 earnings and revenue beat expectations
Pharmaceutical company Shire posted better-than-expected first-quarter revenue and earnings on Friday as it said its acquisition of US-based Baxalta was on track.
Friday newspaper share tips: Pendragon, Weir Group
The recent drop in shares of car dealer Pendragon might be an interesting opportunity for investors, The Times´s Tempus said.