Market Pulse
Credit Agricole Q1 earnings grow, corporate and investment units outperform rivals
French banking group Credit Agricole said on Friday that first-quarter earnings had grown as its corporate and investment banking units outperformed rivals.
UK service sector output grows at fastest pace since May 2023
UK service sector output grew in April at its fastest pace since May 2023, according to a survey released on Friday.
Asia report: Stocks mixed as yen strengthens further
Hong Kong emerged as a frontrunner in the Asia-Pacific markets on Friday, buoyed by overnight gains on Wall Street.
Jefferies downgrades AJ Bell after share price rally
Jefferies downgraded its stance on AJ Bell on Friday to ‘hold’ from ‘buy’ after a circa 30% rally in the shares this year.
CMA set for deeper probe of Pennon's SES acquisition
Pennon Group worked to assure the market that its acquisition of Sutton and East Surrey Water (SES Water) would avoid a deeper competition probe on Friday, telling shareholders that it planned to offer “appropriate undertakings” to regulators.
London open: Stocks rise ahead of non-farm payrolls
London stocks rose in early trade on Friday following solid sessions in Asia and on Wall Street, as investors eyed the latest US non-farm payrolls report.
Triple Point to sell part of portfolio after shareholder consultation
Triple Point Social Housing announced plans to sell part of its portfolio on Friday, following shareholder consultations.
Pollen Street announces positive first quarter
Pollen Street Group announced positive results in the quarter ended 31 March on Friday, highlighting significant fundraising success across both its private credit and private eEquity strategies.
Warpaint London raises £31.5m in upsized placing
Warpaint London concluded an upsized placing of seven million shares on Friday, raising £31. 5m in a bid to broaden its shareholder base and position it for future growth.
Glencore said to be studying approach for Anglo American
Glencore is reportedly studying an approach for Anglo American, a development that could spark a bidding war.
Mondi earnings in line as market conditions improve
Paper and packaging company Mondi reported improved market conditions in its first quarter on Friday, resulting in stronger order books and increased sales volumes across a range of paper grades compared to the prior quarter.
Future appoints ITV Studios’ Sharjeel Suleman as CFO
Media group Future said on Friday that it has appointed Sharjeel Suleman as chief financial officer.
London pre-open; Stocks seen up as investors eye payrolls
London stocks were set for a firmer open on Friday following a positive session on Wall Street, as investors eyed the latest US non-farm payrolls report.
Friday newspaper round-up: Paramount Global, Apple, Coutts
Paramount Global’s share price soared on Thursday following a report that Sony Pictures and Apollo Global Management had made a $26bn offer for the troubled media giant. According to the Wall Street Journal, the offer was made on Wednesday by Sony’s chief executive, Tony Vinciquerra, and Aaron Sobel, a partner at Apollo. Paramount’s shares rose 12% on the news. – Guardian.