Market Pulse
Europe close: EU markets deliver mixed performance
European markets delivered a mixed performance on Friday while LPP Group shares were suspended after short seller Hindenburg Research claimed the Polish retailer’s Russian divestments were a "sham", causing the stock to plunge.
Broker tips: Intertek, Mondi, CVS Group
Analysts at Shore Capital downgraded Intertek from 'hold' to 'sell' on Friday following the group's recent results.
Weekly review
The FTSE 100 ended the week up 67. 68 points, or 0. 88%, closing at 7,727. 42 on Friday.
US open: Stocks lower as inflation data weighs on markets
Wall Street stocks were in the red early on Friday as a week dominated by inflation data gets set to draw to a close.
London close: Stocks finish mixed after Reckitt compo blow
London’s equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.
Currys slides as JD.com says it won't make an offer
Currys slumped on Friday as it said Chinese ecommerce giant JD. com does not plan to make an offer for the London-listed electricals retailer.
Alien Metals secures AUD 2m short-term funding
Alien Metals announced a short-term funding facility worth up to AUD 2m (£1. 03m) via a convertible loan note on Friday.
Wishbone Gold reports positive results from Cottesloe drilling
Wishbone Gold unveiled encouraging results from its ongoing diamond drilling at the Cottesloe Project on Friday, a venture it wholly owns.
Reckitt Benckiser tumbles on baby formula compensation woes
Reckitt Benckiser tumbled on Friday amid concerns about baby formula compensation.
Genedrive receives R&D tax credit, plans fundraise
Point-of-care pharmacogenetic testing company Genedrive announced the receipt of a research and development tax credit totalling £0. 8m on Friday, taking its unaudited cash balances to £1. 2m.
Sheffield Resources takes 10pc stake in Capital Metals
Capital Metals, a mineral sands company advancing towards mine development at the high-grade Eastern Minerals Project in Sri Lanka, announced on Friday that the ASX-listed Sheffield Resources had acquired 10% of the firm.
FTSE 100 movers: IAG flies higher on upgrades; Reckitt tumbles
London’s FTSE 100 was up 0. 1% at 7,747. 0 in afternoon trade on Friday.
Sareum allowed European patent for primary kinase inhibitor asset
Biotechnology company Sareum announced on Friday that the European Patent Office had issued a notice of allowance for a patent concerning SDC‐1801, its primary TYK2/JAK1 kinase inhibitor currently undergoing clinical trials in Australia.
Zephyr Energy signs rig contract for Paradox Basin redrilling
Zephyr Energy announced on Friday that it had finalised a rig contract with Helmerich & Payne (H&P) for Rig 257, for the redrilling of the State 36-2R well in Utah’s Paradox Basin.
French shipping firm CMA CGM in exclusive talks to buy Altice
French shipping firm CMA CGM said on Friday that it has entered into exclusive talks to buy telecoms group Altice for an enterprise value of €1. 55bn.
Trident Royalties upbeat on latest Thacker Pass progress
Mining royalty company Trident Royalties announced significant progress in the development of the Thacker Pass Lithium Project by Lithium Americas Corporation (LAC) on Friday.
US pre-open: Futures higher following surprise PPI figure
Wall Street futures were in the green ahead of the bell on Friday as a week dominated by inflation data gets set to draw to a close.
London midday: Stocks edge up as IAG flies higher on upgrades
London stocks had edged higher by midday on Friday in quiet trade, with IAG and Vodafone leading the charge, as investors continued to mull another hotter-than-expected US inflation reading.
Shore Capital downgrades Intertek to 'sell'
Analysts at Shore Capital downgraded Intertek from 'hold' to 'sell' on Friday following the group's recent results.
Beowulf announces two-week delay to Vardar ownership process
Beowulf Mining announced a delay in its planned consolidation of 100% ownership of Vardar Minerals on Friday.