Market Pulse
Broker tips: Mondi, BT Group
Citi upgraded its stance on Mondi to 'buy' on Friday, noting that after a difficult couple of years, market headwinds of destocking and lower pricing were reversing across the packaging company's product segments.
London close: Stocks mixed after disappointing retail sales data
London stocks closed with mixed results on Friday, influenced by earlier declines in the US and Asian markets, as investors reacted to a larger-than-expected drop in UK retail sales.
Director dealings: Reach CFO makes share sale
Publishing company Reach revealed on Friday that chief financial officer Darren Fisher had disposed of 31,638 ordinary shares in the London-listed firm.
Gama Aviation in talks over potential acquisition of TJS
Gama Aviation confirmed on Friday that it is in talks about the possible acquisition of Tyrolean Jet Services (TJS), an Austrian provider of aircraft management and charter services.
US open: Dow higher following Thursday's heavy losses
Wall Street stocks were in the green early on Friday as America prepared for the Memorial Day long weekend.
FTSE 100 movers: Retailers gain; National Grid tumbles again
London’s FTSE 100 was down 0. 2% at 8,324. 81in afternoon trade on Friday.
EnSilica to raise £0.3m through retail offer
EnSilica announced a retail offer through the Winterflood Retail Access Platform (WRAP) on Friday, to raise up to £0. 3m.
Trident announces first gold pour at Greenstone mine
Trident Royalties announced a significant milestone at Equinox Gold's Greenstone Gold Mine in Ontario, Canada on Friday, with the inaugural gold pour at the mine producing 1,800 ounces of gold.
US pre-open: Futures higher following Dow's worst session since March 2023
Wall Street futures were in the green ahead of the bell on Friday as America prepares for the Memorial Day long weekend.
Recurring revenue, adjusted earnings rise for Pulsar Group
Audience intelligence software specialist Pulsar Group said in its final results on Friday that its annualised recurring revenue (ARR) increased £2. 7m, a significant improvement from the flat performance in the prior financial year.
Enteq appoints new head of finance
Energy service engineering and technology company Enteq announced the appointment of Amir Absoud as its head of finance on Friday, to immediately succeed the current chief financial officer, Mark Ritchie.
Viavi offer for Spirent Communications officially lapses
Viavi Solutions confirmed on Friday that its proposed acquisition of Spirent Communications had lapsed.
Frontier IP's Alusid launches another range with Topps Tiles
Frontier IP announced on Friday that its portfolio company Alusid has launched its first range of floor tiles through Parkside Architectural Tiles, the commercial division of Topps Tiles.
Citi upgrades Mondi to 'buy'
Citi upgraded its stance on Mondi on Friday to ‘buy’ as it said that after a difficult couple of years, the market headwinds of destocking and lower pricing are reversing across the packaging company’s product segments (board, flexibles, paper).
Genedrive test ordered by five Manchester area hospitals
Point-of-care pharmacogenetic testing company Genedrive announced on Friday that it has received initial orders for its Genedrive MT-RNR1 products from five additional UK hospitals in the Greater Manchester area.
London midday: Stocks stay down after retail sales; Intertek bucks trend
London stocks were still in the red by midday on Friday, having taken their opening cue from weakness in the US and Asia, as investors mulled a bigger-than-expected drop in UK retail sales.
Pantheon International net asset value broadly stable in April
Pantheon International announced an unaudited net asset value per share of 489. 7p as of 30 April on Friday, reflecting a 0. 3% increase from the prior month.
Sunrise Resources reports progress on sold Crow Springs project
Sunrise Resources updated the market on its royalty interest in the Crow Springs Diatomite Project in Nevada on Friday.
Tribal agrees £3.1m settlement with Nanyang Technological University
Tribal Group announced a settlement agreement with Nanyang Technological University (NTU) on Friday, following mediation over their terminated contract.
Berenberg raises target price on BT Group following FY results
Analysts at Berenberg raised their target price on telco giant BT Group from 135. 0p to 155. 0p on Friday, stating the group was now past the free cashflow trough.