Market Pulse
Apple ordered to halt sales of iPhone 6 models in Beijing
Apple was ordered by intellectual-property regulators in Beijing to stop selling its iPhone 6 and iPhone 6 Plus in the city, alleging its design infringed a patent from a chinese rival, the Wall Street Journal reported.
Fed should only raise rates once more until 2018, Bullard says
One of the US central bank’s often most hawkish top officials changed his stripes, turning into one of the most dovish members of the Federal Open Market Committee, the Fed’s main policy-making body.
FTSE 100 movers: Banks rally; precious metals miners lose their shine
London’s FTSE 100 index was up 1% to 6,010. 82 at 1310 BST, recouping recent Brexit-fuelled losses.
National Grid should be broken up, say MPs
The government should split up National Grid to create an American-style independent operator system, according to a committee of MPs.
European Union's current account surplus falls in April
The European Union’s current account balance decreased slightly in April, mainly as a result of declines in the surplus in both the goods and services balances.
Broker tips: Imperial Brands, Poundland, Astrazeneca
RBC Capital Markets upgraded Imperial Brands to ‘sector perform’ from ‘underperform’ and lifted the price target to 3,700p from 2,900p.
Europe open: Banks lead the charge as Brexit worries subside
European stocks rose on Friday, underpinned by firmer oil prices and strong bank shares as worries about Brexit receded, at least for now.
London midday: Stocks rebound amid volatility ahead of EU referendum
UK equities rebounded on Friday from the previous day’s declines ahead of next week’s European Union referendum.
US pre-open: Stocks seen flat as investors reassess Brexit chances
US futures pointed to a broadly flat open on Wall Street as investors reassessed the chances that Britain might vote to leave the EU in next week’s referendum.
FTSE 100 could gain 14% from current levels if UK votes Remain, Morgan Stanley says
The probability of a vote to Remain in next week’s EU referendum stands at 55%, according to Morgan Stanley, based on the expectation of a late swing in the polls.
Microsoft getting involved with weed industry software
Microsoft is partnering with a cannabis industry software company, it was revealed this week, making it the first major tech player to get behind the legal weed sector.
BP and Rosneft create Siberia oil JV
BP and Rosneft have agreed to create a new joint venture, Yermak Neftegaz, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.
Asia report: Most markets up as Brexit fears ease
Major markets in Asia closed higher on Friday, capping off a turbulent week as concerns about the threat of Brexit eased somewhat, and after US stocks broke a five day losing streak on Thursday.
Deutsche Bank cuts Poundland to 'hold' from 'buy'
Deutsche Bank downgraded Poundland to ‘hold’ from ‘buy’ but lifted the price target to 205p from 180p.
Numis places Consort Medical 'under review'
Consort Medical’s shares were put ‘under review’ by Numis after the company reported its full year results.
IMF warns eurozone of political risks to economic recovery
The International Monetary Fund (IMF) said on Thursday political uncertainty, a rise in populism and the refugee crisis has reduced cooperation in the eurozone and its ability to restore economic growth.
Revlon to buy Elizabeth Arden for $870m
Cosmetics giant Revlon has agreed to buy Elizabeth Arden for $14 per share in cash, representing an enterprise value of around $870m.
Greece secures €7.5bn aid payment from Eurozone
Eurozone finance ministers have approved the payment of around €7. 5bn of aid to Greece.
Europe open: Stocks in the black as Brexit fears recede for now
European stocks rose in early trade, tracking gains in the US and Asia and underpinned by higher oil prices as worries about Brexit receded, at least for now.
London open: Stocks gain as banks and oil recover
London stocks edged up on Friday as finance stocks recovered and oil prices bounced back from declines throughout most of the week.