Market Pulse
Broker tips: Softcat, Close Brothers, GSK
Analysts at Jefferies downgraded IT infrastructure provider Softcat to 'underperform' on Friday, citing "incremental caution" around the IT services sector.
London close: Stocks mixed as PM Starmer names his Cabinet
London’s stock markets ended the week on a mixed note on Friday, after a subdued response to Labour's general election victory, although housebuilders and the more domestically-focussed FTSE 250 made gains.
Crest Nicholson 'not currently minded' to engage with Avant Homes after merger proposal
Crest Nicholson said on Friday that it had received "unsolicited, preliminary, indicative proposals" from Avant Homes about a potential all-share combination but that it was "not currently minded" to engage in discussions with the rival housebuilder.
FTSE 100 movers: Housebuilders rally on Labour win; Lloyds boosted by upgrade
London’s FTSE 100 was down 0. 6% at 8,190. 25 in afternoon trade on Friday.
US open: Stocks mixed as nonfarm payrolls beat consensus
Wall Street stocks were little changed early on Friday as traders returned from the Independence Day break to some hotly anticipated labour market data.
US payrolls undershoot forecasts by wide margin on revisions
Hiring and wage growth in the US eased as expected last month, but after a much faster-than-expected slowdown over the previous two months.
ADM Energy reports progress at JKT Reclamation
ADM Energy updated the market on operations at JKT Reclamation on Friday - an oil reclamation business in which ADM holds a 30. 6% economic interest.
US pre-open: Futures little changed ahead of nonfarm payrolls data
Wall Street futures were little changed ahead of the bell as traders got set to return from the Independence Day break.
Baron Oil changes name to Sunda Energy
Baron Oil announced on Friday that it has officially changed its name to Sunda Energy.
Kibo raises £0.15m to continue delayed audit, appoints interim CEO
Renewable energy developer Kibo Energy announced the receipt of £0. 15m on Friday, in first trance placing proceeds, to enable the continuation of the audit for the 2023 accounts.
London midday: Top-flight index pares gains, FTSE 250 shines
London’s top-flight index had pared earlier gains by midday on Friday in a rather muted reaction to Labour’s expected election victory, but housebuilders and the more domestically-focused FTSE 250 outperformed.
Emmerson submits ESIA for Khemisset multi-mineral process
Potash development business Emmerson said on Friday that it has submitted an updated Environmental & Social Impact Assessment for the use of its Khemisset multi-mineral process in Morocco.
PipeHawk considers placing QM subsidiary into administration
PipeHawk shares were sliding on Friday, after it issued an update on its subsidiary QM Systems, detailing significant financial challenges.
UK housebuilders surge on Labour victory
Shares in UK housebuilders jumped on Friday, on hopes that the new Labour government would reinvigorate the sector.
Amaroq taps Ellert Arnarson as its new finance chief
Southern Greenland-focussed mine developer Amaroq Minerals announced the appointment of Ellert Arnarson as its new chief financial officer on Friday, effective in August.
Shell to take up-to-$2bn hit on Dutch biofuels halt, Singapore sale
Oil and gas giant Shell is bracing for a financial impact of up to $2bn (£1. 6bn), it revealed on Friday, following its decision to halt construction on a major biofuels plant and sell a refinery in Singapore.
Asia report: Markets mixed as Japan's household spending drops
Markets in the Asia-Pacific region faced a mixed trading session on Friday, with significant fluctuations across the region.
Avant Homes said to have tabled secret takeover offer for Crest Nicholson
Crest Nicholson surged on Friday following a report that Avant Homes, which is owned by investment firm Elliott Advisors, has tabled a secret takeover offer for housebuilder.
Jefferies downgrades Softcat to 'underperform'
Analysts at Jefferies downgraded IT infrastructure provider Softcat to 'underperform' on Friday, citing "incremental caution" around the IT services sector.
Deutsche Bank starts Close Brothers at ‘buy’, shares surge
Deutsche Bank initiated coverage of Close Brothers on Friday with a ‘buy’ rating and 610p price target as it said the overhang on the shares has opened "considerable value".