Market Report
Gem Diamonds not out of the woods yet, RBC says as it upgrades shares
Analysts at RBC upgraded their recommendation on Gem Diamonds on expectations for improved large stone recoveries.
UK's negative outlook remains - S&P Global
The UK's credit rating will not be affected by the hung parliament resulting from Theresa May's hapless snap election, credit agency S&P said on Friday, though it warned the possibility of a delay to Brexit negotiations and chances of yet another election meant it had a negative outlook.
Housebuilders hit by hung parliament
London-listed housebuilders slumped on Friday as investors woke up to news of a hung parliament, after PM Theresa May failed to get the seats needed to deliver a majority government.
Asia report: Markets mostly higher as traders shrug off hung UK parliament
Markets in Asia finished mostly higher on Friday, as traders focussed their attentions on the UK election resulting in a hung parliament, and the corresponding drop in sterling against most of its currency peers.
Sky shares fall amid jitters over Fox bid
Sky was under the cosh on Friday amid jitters over 21st Century Fox's $14bn bid to buy out the 61% of the London-listed broadcaster it doesn't already own, after the Tories failed to get a majority in the election.
Bank of England rate hike 'will be pushed back' by election result
After Theresa May's decision to call a snap election backfired with the Conservatives losing their parliamentary majority, the increased political uncertainty is likely to push back a first Bank of England interest rate hike to the first half of 2020, economists and strategists in the City said on Friday.
UK GDP expanded at 0.2% clip over three months to May, NIESR says
The British economy continued to grow modestly over the latest quarter, according to one of the country's top research institute's.
UK industrial production rebounds, but less than expected
UK industrial growth slowed in April as manufacturing activity bounced back slowly from a fall the previous month, the Office for National Statistics said on Friday.
Europe midday: Stocks mixed with politics in focus in the UK, Italy and Spain
European markets were still trading on a mixed note come midday amid reports that Britain's Conservatives will seek to form a coalition government, thus allowing the UK to see off the threat of new elections while allowing Brexit negotiations to commence on time.
London midday: Stocks off highs as pound recovers some ground
London stocks were up but off highs by midday as the pound recovered some ground on reports that Theresa May has struck a deal with Northern Ireland's Democratic Unionist Party that will allow her to form a government.
Deltex points to study as proving its product
Oesophageal doppler monitoring specialist Deltex Medical Group announced the publication of a new trial showing “excellent results” from using ODM in thoracic surgery on Friday.
Fuller's serves up improved full-year earnings
Pub operator and brewing company Fuller, Smith & Turner posted its financial results for the 53 weeks to 1 April on Friday, in what the board described as “another good year” with adjusted profit before tax rising 5% to £42. 9m.
Ambrian earnings fall as it runs down metals business
Ambrian announced its audited consolidated results for the year to 31 December 2016 on Friday, which was the first full year of production at the cement plant in Mozambique.
Asiamet 'excited' by recent results from Indonesia
Asiamet Resources confirmed on Friday that systematic mapping and channel sampling of outcropping massive sulphide mineralisation was completed mid-April at the BKZ prospect in Central Kalimantan, Indonesia.
UK public expects inflation to remain high for years to come - Bank of England
The British public expects inflation levels to remain high for at least the next two years, a Bank of England survey showed on Friday, though expectations of inflation in one year's time fell compared to opinions a month ago.
Windar makes solid progress in full-year results
LiDAR wind sensor technology company Windar Photonics published its final results for the year to 31 December 2016 on Friday, reporting revenue growth in 2016 of 26% to €1. 2m, after deferring €0. 2m of revenue due to the timing of deliveries.
Friday broker round-up
Gem Diamonds: RBC upgrades to Sector Perform with a target price of 100p.
US pre-open: Stocks seen touch higher as investors digest UK election, Comey
US futures pointed to a mildly higher open on Wall Street on Friday as investors mulled over the result of the UK general election and the testimony by former FBI boss James Comey in the previous session.
UK trade deficit shrinks in April
Britain's trade shortfall with the rest of the world narrowed in April as import demand fell back after rising during the prior month.
Catalan nationalists to call for independence vote on 1 October
The president of the regional government of Catalonia said he will call for an independence referendum on 1 October.