Market Pulse
London close: Stocks slip on relatively quiet Friday
London's stock markets closed lower on Friday, weighed down by a stronger pound and mixed investor sentiment following the release of the latest UK retail sales figures.
Director dealings: Tullow Oil director makes share purchase
Tullow Oil revealed on Friday that non-executive director Roald Goethe had acquired 300,000 ordinary shares in the FTSE 250-listed exploration firm.
US open: Major indices on track for winning week despite early losses
US stocks were mostly in the red early on Friday, putting S&P 500 at risk of snapping its six-session winning streak.
US pre-open: Stocks little changed, major indices on track for winning week
US futures were in the red ahead of the bell on Friday, putting Wall Street stocks on course for a winning week.
US building permits, housing starts fall in July
US building permits fell by 4% in July to a seasonally adjusted annualised rate of 1. 39m, according to the Census Bureau, the lowest level seen in four years and below market expectations of 1. 43m.
BoE appoints Alan Taylor as new rate setter
The Bank of England announced on Friday that it has appointed Professor Alan Taylor as member of the Monetary Policy Committee, replacing Jonathan Haskel.
London midday: Stocks fall further as sterling gains; retail sales in focus
London stocks had extended losses by midday on Friday amid a firmer pound, as investors mulled the latest UK retail sales data.
Revolut valued at $45bn after secondary share sale
British fintech firm Revolut reached a valuation of $45bn, it was reported on Friday, after a secondary share sale involving new and existing investors.
PwC fined £15m over failure to report London Capital & Finance suspicions
The Financial Conduct Authority has fined PwC £15. 0m for failing to report its belief that London Capital & Finance may be involved in fraudulent activity, marking the first time the regulator has fined an audit firm.
CMA identifies ‘significant’ concerns over infant formula market
The Competition and Markets Authority said on Friday that it will press ahead with its study of the infant formula and follow-on market after finding earlier this year that prices remained at historically high levels.
Biome Technologies launches heavily discounted placing, shares tank
Shares in bioplastics and radio frequency technology business Biome Technologies tanked early on Friday after the group launched a heavily discounted equity round in an effort to fight off liquidation.
Anglesey Mining submits environmental impact scoping report
Anglesey Mining announced a significant milestone for its Parys Mountain project on Friday, with the submission of an environmental impact assessment (EIA) scoping report to the North Wales Minerals and Waste Planning Service on 31 July.
Simec Atlantis Energy granted Green Economy Mark
Simec Atlantis Energy announced on Friday that it has been granted the Green Economy Mark by the London Stock Exchange.
Asia report: Buoyant global sentiment sees most markets rise
Asian markets surged on Friday, driven by a broad rally that was inspired by strong gains on Wall Street.
Robinson to pay interim dividend slightly earlier
Robinson, a custom manufacturer of plastic and paperboard packaging based in Chesterfield, announced a change to the payment date of its interim dividend on Friday.
Inspired makes 'good progress' in H1
Energy and sustainability advisor Inspired said on Friday that it had made "good progress" in H1 and was "confident" in its ability to deliver full-year results that were in line with market consensus estimates of £115. 5m in revenue and £27. 4m of adjusted underlying earnings.
LungLife test secures Medicare coverage determination
Lung cancer diagnostic technology developer LungLife AI announced the finalisation of Medicare coverage for its molecular risk-stratification test, LungLB, aimed at evaluating indeterminate pulmonary nodules, on Friday.
Berenberg nudges up target price on Shaftesbury Capital
Analysts at Berenberg hiked their target price on real estate investment trust Shaftesbury Capital from 160. 0p to 174. 0p on Friday, citing a broad-based recovery.
London open: Stocks edge down in quiet trade; retail sales in focus
London stocks edged lower in quiet trade early trade on Friday as investors mulled the latest UK retail sales data.
AstraZeneca's Imfinzi gets fresh approval in the US
AstraZeneca announced on Friday that the US Food and Drug Administration (FDA) has approved its drug durvalumab, branded Imfinzi, for the treatment of early-stage non-small cell lung cancer (NSCLC) in patients eligible for surgery.