Market Pulse
Broker tips: Flutter Entertainment, Premier Foods
Premier Foods' share price rally has further to run, according to RBC Capital Markets, which reiterated an 'outperform' rating on the stock on Friday and hiked its target price following the manufacturer's interim results this week.
London close: Stocks end turbulent week in the red
London stocks ended Friday in negative territory, weighed down by losses in pharmaceutical shares and a surprise slowdown in UK economic growth during the third quarter.
Director dealings: AstraZeneca CEO ups stake
AstraZeneca revealed on Friday that chief executive officer Pascal Soriot had acquired 20,000 ordinary shares in the FTSE 100-listed drugmaker.
US open: Stocks lower following Powell comments, retails sales numbers
Wall Street stocks were in the red early on Friday, setting major indices on a course for a losing week following last week's solid post-election rally.
FTSE 100 movers: Pharma stocks take a hit; Land Securities rallies
London’s FTSE 100 was down 0. 1% at 8,062. 10 in afternoon trade on Friday.
US retail sales increase 0.4pc in October
US retail sales increased 0. 4% month-on-month in October, according to the Census Bureau, following an upwardly revised 0. 8% gain in September and beating consensus estimates of a 0. 3% rise.
Firering secures £0.85m in non-dilutive funding
Firering Strategic Minerals, an emerging producer of quicklime and explorer of critical minerals, announced on Friday that it has secured £0. 85m in non-dilutive funding through an 18-month unsecured bridge loan, as it accelerates the development of its Limeco quicklime project in Zambia.
Rosslyn inks big partnership with top-five consulting firm
Enterprise spend intelligence specialist Rosslyn Data Technologies announced on Friday that it has formed a significant partnership with a top-five global consulting firm.
Tekcapital raises £1m to support portfolio firm Guident
Intellectual property investor Tekcapital announced on Friday that it has raised £1m before expenses through a combination of a placing and subscription, to support the growth of its portfolio company Guident.
OPG being investigated for alleged regulatory non-compliance
OPG Power Ventures said on Friday that it was the subject of an investigation into alleged regulatory non-compliance under the Foreign Exchange Management Act (FEMA).
Helium One reports progress at Galactica-Pegasus
Exploration company Helium One Global announced a number of developments at the Galactica-Pegasus project in Colorado’s Las Animas County on Friday.
Ilika reports solid first-half progress
Solid-state battery technology developer Ilika reported significant advancements in its Stereax and Goliath battery programmes in an update on Friday.
US pre-open: Futures mixed following Powell comments
Wall Street futures were in the red ahead of the bell on Friday, putting major indices on a course for a losing week following last week's solid post-election rally.
Altitude Group shares slide on first-half update
Shares in branded merchandise specialist Altitude Group were sliding on Friday, even after it reported robust trading for the six months ended 30 September, with revenue expected to rise over 20% year-on-year and adjusted operating profit up 9%.
Guardian Metal Resources reports year of progress
Guardian Metal Resources, a Nevada-focussed mineral explorer targeting tungsten, gold, lithium, copper, and silver, reported significant strides in exploration, project development, and capital-raising efforts in its final results on Friday.
Greatland Gold reports progress on Paterson assets acquisition
Greatland Gold updated the market on its planned acquisition of a 70% stake in the Havieron gold-copper project, full ownership of the Telfer gold-copper mine, and associated assets in Western Australia's Paterson region on Friday.
London midday: FTSE pops higher but pharma stocks slide
London stocks had popped into the black by midday on Friday but gains were marginal as pharma shares took a hit and as data showed that economic growth in the UK unexpectedly slowed in the third quarter.
UK economic growth stalls in third quarter
The UK economy grew by 0. 1% in the last quarter, official data showed on Friday, slightly below expectations.
Berenberg hikes target price on Flutter Entertainment
Analysts at Berenberg raised their target price on Flutter Entertainment from 20,300. 0p to 23,200. 0p on Friday, stating that the bookmaker's Q3 performance showed sustained share gains.
Asia report: Markets mixed as Trump rally fades
Markets in the Asia-Pacific region closed in a mixed state on Friday, after a weak session on Wall Street overnight as investors digested signals from the US Federal Reserve.