Market Pulse
Broker tips: Hays, Softcat, Vodafone, BHP
RBC Capital Markets cut its price target on Hays on Friday after the recruiter said a day earlier that full-year profit was set to be around the bottom end of the market consensus range of £106m to £113m as it posted a drop in fourth-quarter net fees.
Director dealings: Cobra Resources director ups stake
Cobra Resources revealed on Friday that director David Clarke had acquired 1. 40m ordinary shares in the London-listed exploration company.
FTSE 100 movers: Smurfit Westrock up on JPM note; water firms give back gains
London’s FTSE 100 was up 0. 3% at 8,250. 61 in afternoon trade on Friday.
US open: Stocks trade higher following bank earnings
Wall Street stocks were in the green early on Thursday as investors digested more key inflation data and a number of earnings from major US banks.
Unilever to cut third of office roles in Europe - report
Unilever is reportedly planning to cut a third of all office roles in Europe by the end of next year, as the company’s new chief executive forges ahead with his plan to boost growth at the struggling consumer goods giant.
US PPI comes in hotter than expected in June
The US producer price index advanced 0. 2% in June, according to the Bureau of Labor Statistics, slightly more than the 0. 1% increase expected on the Street.
Wells Fargo shares down in pre-market as Q2 net interest income falls
Banking giant Wells Fargo revealed on Friday that Q2 net interest income was almost down double-digits year-on-year.
US pre-open: Stocks little changed as traders await bank earnings
Wall Street futures were little changed ahead of the bell on Thursday ahead of more key inflation data and a number of earnings from major US banks.
London midday: Stocks up on US rate cut hopes
London stocks were still in the black by midday on Friday, with sentiment boosted by US rate cut hopes, as investors turned their attention to bank earnings across the pond.
Berenberg lowers target price on BHP
Analysts at Berenberg lowered their target price on mining giant BHP from 2,100. 0p to 2,000. 0p on Friday after the firm provided the market with clarity on the futures of its West Australian nickel business.
System1 Q1 revenues improve, driven by platform growth
Market research firm System1 said on Friday that revenues were markedly improved over the three months ended 30 June, driven by a surge in platform revenues throughout the quarter.
Smurfit Westrock 'top pick' in sector, says JPMorgan
JPMorgan Cazenove initiated coverage of Smurfit Westrock on Friday with an ‘overweight’ rating and $66 price target, adding the stock to its ‘Analyst Focus List’.
London open: FTSE gains as attention turns to US bank earnings
London stocks rose in early trade on Friday as investors turned their attention to the US, where banks are due to kick off the earnings season.
RBC Capital trims Hays price target
RBC Capital Markets cut its price target on Hays on Friday after the recruiter said a day earlier that full-year profit was set to be around the bottom end of the market consensus range of £106m to £113m as it posted a drop in fourth-quarter net fees.
London pre-open: Stocks to rise as investors eye US bank earnings
London stocks were set to rise at the open on Friday as investors turned their focus to the US, where banks are due to kick off the earnings season.
Friday newspaper round-up: Post Office, Rosebank, Carpetright
Labour will miss its target of delivering 1. 5m new homes this parliament without an emergency cash injection into the affordable housing sector, providers have warned. Housing associations and councils have written to deputy prime minister, Angela Rayner, saying her promise to deliver “the biggest boost to affordable housing in a generation” will be impossible unless there are urgent interventions to fix the financial pressures providers face. – Guardian.