Market Pulse
London close: Stocks fall as US inflation pressures ease
London's stock markets closed lower on Friday, influenced by new economic data from the United States indicating a slowdown in consumer spending, despite a reduction in inflationary pressures.
Cineworld said to be leaning towards CVA
The owners of Cineworld are reportedly leaning towards putting its British operations through a formal restructuring process after holding initial talks about a sale with prospective buyers.
Director dealings: Odyssean non-exec invests, Vertu CEO's wife sells shares
Among the director dealings disclosed to the market on Friday were two involving Odyssean Investment Trust and Vertu Motors.
FTSE 100 movers: JD Sports hit by Nike results; WPP also falls
London’s FTSE 100 was up 0. 2% at 8,197. 27 in afternoon trade on Friday.
Ethernity secures $1.05m licence agreement
Data processing semiconductor technology specialist Ethernity Networks announced on Friday that it had secured a $1. 05m licence agreement with a new tier one US-based aerospace system products provider.
Mirriad flags weaker first-half revenue
Virtual product placement and in-content advertising specialist Mirriad said in an update on Friday that it expected revenue for the first half to be around £0. 4m, down from £0. 59m in the first six months of the 2023 financial year.
Berenberg lifts Moonpig price target
Berenberg lifted its price target on Moonpig on Friday to 280p from 265p as it said the strategic initiatives implemented by management are bearing fruit.
MediaZest reports improvement in first-half revenue, losses
Creative audio-visual specialist MediaZest reported a significant improvement in both revenue and its losses in its first-half results on Friday.
London midday: FTSE maintains gains after GDP data, ahead of US inflation
London stocks were still in the black by midday on Friday as investors mulled better-than-expected UK GDP data and looked ahead to a key US inflation reading.
Symphony reports consistent trading as it works to accelerate projects
Symphony Environmental Technologies said in an update on Friday that its trading remained consistent with recent statements.
IWG restructures debt ahead of first-half results
Workspace provider International Workplace Group (IWG) announced the issue of its first euro investment-grade bond on Friday, reinforcing its capital structure ahead of its first-half results on 6 August.
Active Energy announces delay in 2023 accounts
Biomass-based renewable energy company Active Energy announced a delay in finalising its annual accounts for the 2023 financial year on Friday.
Anglesey Mining raising £0.42m to fund ongoing work
Anglesey Mining announced plans to raise approximately £0. 415m on Friday, through a proposed placing and subscription, to help fund its work at Parys Mountain and Grangesberg.
Nightcap to delist from AIM; FY underlying profits to miss expectations
Bar owner Nightcap said on Friday that it plans to delist its shares from the London Stock Exchange, as it cautioned that underlying profits would be below current market expectations.
Keywords Studios gets sweetened takeover proposal from EQT
Keywords Studios said on Friday that it had received a sweetened £1. 96bn takeover proposal from private equity firm EQT Group that it would be minded to recommend if a firm offer was made.
Fintel agrees to acquire Threesixty from Abrdn
Retail fintech and support service provider Fintel announced a conditional agreement to acquire Threesixty Services on Friday.
Tavistock Investments confirms talks with Saltus
AIM-listed financial services firm Tavistock Investments confirmed on Friday that it is considering a number of potential transactions, including a possible disposal of part of its business to Saltus, a financial planning and investment management services group.
Devolver Digital trading in line with market expectations
Devolver Digital updated the market on its financial performance for 2024 on Friday.
Amaroq gets approval for Nalunaq environmental, social assessments
Southern Greenland-focussed mine developer Amaroq Minerals announced the approval of the environmental impact assessment (EIA) and social impact assessment (SIA) for its Nalunaq project on Friday, by the government of Greenland.
London open: Stocks rise after better-than-expected UK GDP
London stocks rose in early trade on Friday as data showed the UK economy grew more than first thought in the first quarter.