Market Pulse
US close: Stocks higher following July PCE numbers
Wall Street stocks closed higher on Friday as investors digested a key inflation reading.
Broker tips: Grafton, Life Sciences REIT
Analysts at Berenberg hiked their target price on building materials company Grafton from 1,100. 0p to 1,200. 0p on Friday, citing an "attractive opportunity".
London close: Stocks mixed as investors digest US inflation reading
London markets ended Friday with mixed results as investors assessed a series of economic data from the UK and the US.
Director dealings: Sabre Insurance director raises stake
Sabre Insurance revealed on Friday that non-executive director Bryan Joseph had acquired 32,796 ordinary shares in the London-listed motor insurer.
US open: Stocks higher as traders digest July PCE reading
Wall Street stocks were in the green early on Friday as investors digested a key inflation reading.
FTSE 100 movers: Property stocks gain; Burberry in the red
London’s FTSE 100 was up 0. 1% at 8,384. 47 in afternoon trade on Friday.
US consumer sentiment little changed in August, University of Michigan says
Consumer confidence in the States was virtually unchanged in August, as Americans continued to try and anticipate the winner of the next presidential elections.
US PCE rises 0.2pc in July
The Federal Reserve Bank's preferred inflation gauge rose in July, according to the Commerce Department, in line with preliminary estimates.
Jefferies lowers target price on Life Science REIT
Jefferies cut its price target on real estate investment trust Life Sciences REIT from 45. 0p to 36. 0p following a visit to the group's Cambourne Science & Technology Park.
US pre-open: Futures trade higher ahead of PCE reading
Wall Street futures were in the green ahead of the bell on Friday as investors braced for a key inflation reading later in the day.
Primorus Investments invests in Pri0r1ty AI
Primorus Investments announced a new strategic investment on Friday, subscribing for 18,100,000 ordinary shares in Pri0r1ty AI for £0. 3m.
London midday: FTSE stays up ahead of US inflation reading
London stocks were still in the black by midday on Friday as investors digested a slew of UK data releases and looked ahead to a key US inflation reading.
ECR Minerals mulls expansion into US helium market
ECR Minerals, an exploration and development company traditionally focused on gold in Australia, announced on Friday that its board was exploring potential investments in producing helium assets in the United States.
Longboat Energy to change name amid south east Asia focus
Longboat Energy, an exploration and production company focused on south east Asia, updated the market on its strategy and operations on Friday, and also announced a planned name change.
Falcon Oil starts 2024 Beetaloo drilling programme
Falcon Oil & Gas announced the start of its 2024 drilling programme in the Beetaloo Sub-basin of Australia’s Northern Territory on Friday, with the spudding of the Shenandoah South 2H (SS2H) horizontal well.
Hutchmed withdraws supplemental new drug application in China
Hutchmed China has voluntarily withdrawn its supplemental new drug application (NDA) in China for the use of fruquintinib in combination with paclitaxel for second-line treatment of advanced gastric or gastroesophageal junction adenocarcinoma, it announced on Friday.
Berenberg hikes target price on Grafton
Analysts at Berenberg hiked their target price on building materials company Grafton from 1,100. 0p to 1,200. 0p on Friday, citing an "attractive opportunity".
Jaywing revenue falls but adjusted earnings rise
Shares in data science and marketing company Jaywing were jumping on Friday, as it reported its audited financial results for the year ended 31 March.
Bigblu revenue slips as it moves customers to higher-value packages
Bigblu Broadband reported a decline in first-half revenue on Friday, to £11. 2m from £13m in the same period last year, reflecting a strategic decision to migrate customers onto higher-value packages.
Filtronic wins $8.4m contract with SpaceX
Communications equipment company Filtronic said on Friday that it had won a contract with SpaceX valued at $8. 4m.