Market Pulse
Broker tips: Wood Group, GCP
Analysts at Berenberg raised their target price on engineering and consulting business John Wood Group from 150. 0p to 220. 0p on Friday following the group's first-quarter trading statement that came hot on the heels of news that it had rejected a takeover bid at 205. 0p per share.
London close: Stocks rise further as UK exits recession
London stocks finished the trading week on a positive note on Friday, driven by gains in the mining sector, following the release of data indicating the UK's exit from recession.
US open: Dow continues to rally, Nasdaq heads south
Wall Street stocks were mostly in the green early on Friday, with the blue-chip Dow Jones on track for an eighth-straight winning session.
FTSE 100 movers: CRH rallies; Rightmove in the red
London’s FTSE 100 was up 0. 7% at 8,436 in afternoon trade on Friday.
Motors.co.uk said to be circling Cazoo Group
Privately owned used-car platform Motors. co. uk is reportedly circling Cazoo Group, which is on the brink of administration.
US pre-open: Dow Jones on track for eighth-straight winning session
Wall Street futures were in the green ahead of the bell on Friday as the blue-chip Dow Jones was on track for an eighth-straight winning session.
Novavax signs $1.2bn Covid-19 licensing deal with Sanofi, shares rocket
Shares of US biotech firm Novavax rocketed on Friday after it signed a $1. 2bn licensing agreement with French pharmaceutical group Sanofi to commercialise its Covid-19 vaccine from next year.
Artemis raises AUD 2.9m to fund further exploration
Artemis Resources announced on Friday that it has successfully secured firm commitments for a capital raising of AUD 2. 87m (£1. 51m), priced at AUD 0. 01275 per share, with significant support reported from both sophisticated and institutional investors.
London midday: Stocks extend gains as miners rally; GDP in focus
London stocks had extended gains by midday on Friday, with miners pacing the advance, as data showed the UK is no longer in recession.
Berenberg hikes target price on John Wood
Analysts at Berenberg raised their target price on engineering and consulting business John Wood Group from 150. 0p to 220. 0p on Friday following the group's first-quarter trading statement that came hot on the heels of news that it had rejected a takeover bid at 205. 0p per share.
Polarean shares jump on MRI system order
Advanced MRI technology specialist Polarean Imaging shares were surging on Friday, after receiving its second de novo order for a new Xenon MRI System from the University of Alabama at Birmingham (UAB) Hospital.
Ascent upbeat on progress as Lisbon Valley gas and helium investment
Ascent Resources updated the market on operations in its investment into GNG Partners, the owner of the 60 million standard cubic feet Lisbon Valley gas and helium processing plant in Utah, on Friday.
FRC makes final decisions in KPMG's Carillion audit failures
The Financial Reporting Council (FRC) announced historic penalties against KPMG and two former partners on Friday, in its final decision round audit failures linked to the collapsed Carillion.
NextEnergy Solar extends £70m Santander credit facility
NextEnergy Solar Fund announced the extension of its existing £70m short-term revolving credit facility (RCF) with Santander on Friday.
Ultimate Products warns of continued trading weakness
Ultimate Products reported further weakness in third-quarter trading on Friday, as consumer demand reportedly remained weak.
88 Energy announces 2D seismic contract in Namibia
88 Energy announced the awarding of a contract for a 2D seismic acquisition programme for its PEL 93 licence in Namibia on Friday.
Dekel reports solid year-to-date palm oil production
Dekel Agri-Vision reported a solid set of production numbers for April at its Ayenouan palm oil project in Côte d'Ivoire on Friday.
Celadon Pharmaceuticals raises £2.1m for working capital
Medical cannabis specialist Celadon Pharmaceuticals announced on Friday that it has raised £2. 1m to provide it with additional working capital.
TT Electronics reiterates FY outlook, YTD revenues down 2%
Electronic components TT Electronics reiterated its full-year outlook on Friday despite "continuing global macroeconomic uncertainty".
S4 Capital reports weaker first quarter, as expected
Digital advertising and marketing services company S4 Capital reported a decline in net revenue in its first quarter on Friday, which it put down to ongoing client caution and a decrease in activity within its technology services segment.