Market Pulse
Weekly review
The FTSE 100 ended the week down 13. 5 points, or 0. 16%, closing at 8,420. 26 on Friday.
Broker tips: FRP Advisory, AutoTrader
Analysts at Berenberg raised their target price on liquidators FRP Advisory from 175. 0p to 200. 0p on Friday, stating the group's FY24 update delivered "sizeable upgrades".
London close: Stocks recoup some earlier losses
London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.
Berenberg hikes target price on FRP Advisory
Analysts at Berenberg raised their target price on liquidators FRP Advisory from 175. 0p to 200. 0p on Friday, stating the group's FY24 update delivered "sizeable upgrades".
US open: Dow Jones on track for fifth-straight winning week
Wall Street stocks were little changed early on Friday after the blue-chip Dow Jones briefly crossed the psychologically important 40,000-point mark for the first time in its history a day earlier.
FTSE 100 movers: Miners rally; Auto Trader hit by downgrade
London’s FTSE 100 was down 0. 2% at 8,425. 53 in afternoon trade on Friday.
Fulcrum Metals extends date for sale of uranium assets
Fulcrum Metals announced an extension to the completion date for the proposed sale of its Saskatchewan uranium projects to Terra Balcanica Resources on Friday.
Hummingbird announces restart at Kouroussa
Hummingbird Resources announced the remobilization of Corica Mining Services at the Kouroussa Gold Mine in Guinea on Friday, after a work stoppage on March 17.
First Property warns of loss in year just ended
First Property Group said in an update on Friday that its underlying trading profits for the year ended 31 March were expected to align with market forecasts.
PipeHawk subsidiary awarded £0.75m contract
PipeHawk announced on Friday that an unnamed building materials company had awarded its subsidiary QM Systems a significant contract.
Ethernity inks investment deal with New Tech Capital
Network processing semiconductor technology specialist Ethernity Networks announced a structured investment agreement with New Technology Capital Group (New Tech) on Friday.
CMA drops investigation into Microsoft-Mistral AI partnership
The Competition and Markets Authority (CMA) announced on Friday that the partnership between Microsoft and Mistral AI did not qualify for a full investigation under the merger provisions of the Enterprise Act.
Chrysalis confident in Wefox despite reports of insolvency risk
Chrysalis Investments addressed recent media coverage concerning its portfolio company, Wefox on Friday, after Sky News reported that the European insurer had warned of an insolvency risk.
Drilling to start on Oracle's Northern Zone project
Oracle Power announced on Friday that drilling is set to start next week at the Northern Zone Gold Project, 25 kilometres east of Kalgoorlie in Western Australia.
Eurozone inflation steady in April
Eurozone inflation was unchanged in April, as expected, according to figures released by Eurostat on Friday.
US pre-open: Futures mixed after Dow hits new intraday high
Wall Street futures were little changed ahead of the bell on Friday after the blue-chip index briefly crossed the psychologically important 40,000-point mark for the first time in its history.
Petra Diamonds reports mixed results from latest tender
Petra Diamonds announced the results of its sixth tender for the 2024 financial year on Friday, revealing a mixed performance in its rough diamond sales.
London midday: FTSE stays down; Auto Trader hit by downgrade
London stocks were still in the red by midday on Friday, having taken their opening cue from a downbeat close on Wall Street.
FRP Advisory FY profits seen ahead of expectations
Business advisory firm FRP Advisory said on Friday that both full-year revenue and profits were set to come in ahead of expectations, leaving the group confident for the year ahead.
Morgan Stanley downgrades Auto Trader to 'underweight'
Morgan Stanley downgraded Auto Trader on Friday ‘underweight’ from ‘equalweight’ and cut the price target to 600p from 625p.