Market Report
FX round-up: Euro extends bounce as Draghi broaches need for fiscal stimulus, Fed doves cry
Sterling was on the back foot at the end of the week, especially against the European single currency, as European Central Bank chief Mario Draghi warned a meeting of European Union leaders that in case of a deterioration in the outlook, fiscal policy would need to become much more expansionary than currently projected in 2020.
Commodities: Crude oil and gold futures in focus
Energy futures continued moving ahead at the end of the week as traders kept an watchful on the news flow coming out of the Persian Gulf and the US dollar continued to see some selling pressure.
Week ahead: G-20 leaders' summit, US-China trade in focus
The market spotlight over the coming week will be firmly on the 28-29 June G-20 leaders summit in Osaka, Japan, and the meeting between the US President and his Chinese counterpart on the sidelines of the event.
Europe close: Traders cautious, ECB's Draghi broaches need for higher spending
Stock markets across the Continent finished the session little changed with traders wary of pushing their luck going into the weekend and the G-20 leaders' summit in Osaka, Japan, scheduled for the following week.
Edenville loss widens after challenging year
Edenville Energy's annual loss widened as costs vastly outstripped revenue in what the mining company described as a challenging year.
London close: Markets slip into red as geopolitical tensions tighten
London stocks had slipped into the red by the close on Friday, with investors remaining cautious amid escalating tensions between the US and Iran.
Sector movers: Investors hit pause on Warhammer maker's rampage
Defensive issues and some of the last few years' best performers were at the bottom of the pile at the end of the week as stocks on the other side of the Pond debated the staying power of recent gains on Wall Street.
US open: Wall Street moves into the green on 'dovish' Fed speak
Stocks on Wall Street were moving slightly higher at the end of the week amid a flurry of 'dovish' remarks from top US central bank officials.
FTSE 250 movers: Acacia sparkles, Kier slips
London's FTSE 250 was down 0. 26% at 19,333. 51 in afternoon trade on Friday, as troubled construction outfit Kier led the index lower.
Directors deals: Dixons Carphone's entire board buys in near nine-year lows
The entire board of Dixons Carphone picked up some shares in the electronics retailer at the end of the week.
ECR Minerals pleased with progress at Creswick Project
ECR Minerals updated the market on a recent site visit undertaken by its chief executive officer at the Creswick Project in Victoria, Australia on Friday, reporting that the internal modelling undertaken by its technical team had identified that the Dimocks Main Shale at the Creswick Gold Project was - subject to further exploration and positive drill results - potentially large enough to host a multi-million ounce gold deposit;.
FTSE 100 movers: Ocado gains on Citi note; Fresnillo glistens
London's FTSE 100 was down 0. 1% at 7,415. 05 in afternoon trade on Friday.
Avesoro files updated technical report on Youga Gold Mine
Avesoro Resources announced on Friday that it has filed an updated technical report under National Instrument 43-101, relating to its Youga Gold Mine in Burkina Faso.
US existing home sales rise more than expected in May
Sales of US existing home sales rose more than expected in May, according to data from the National Association of Realtors.
Angle upbeat on recent cancer research results
Liquid biopsy company Angle announced on Friday that the University Medical Centre Hamburg-Eppendorf (UKE) cancer centre has published results of work demonstrating that its ‘Parsortix’ system can be used as a liquid biopsy to investigate programmed death-ligand 1 (PD-L1) status in non small cell lung cancer (NSCLC) patients.
Retail sales climb as online purchases drive growth, BDO says
Retail sales climbed by 6. 24% for the week ended 17 June as customers racked up a high number of online purchases in the run-up to Father's Day, according to the results of a closely-followed survey.
Tesla believer Jefferies slashes price target but still recommends buy
Firm Tesla believer Jefferies admitted on Friday that they “had got it wrong this year” and cut their target price on the electric carmaker's shares by 25% (from $400. 00 to $300. 00) to reflect "delayed improvements".
WPP sells post-production services company The Farm Group
WPP has sold post-production services company The Farm Group to Los Angeles-based Picture Shop for an undisclosed sum.
Premier African Minerals gets cash injection through convertible loan note
Premier African Minerals has issued a convertible loan note for $0. 35m with Regent Mercantile Holdings, it announced on Friday.
Liberum downgrades Weir, cites limited upside in oil & gas
Liberum downgraded its stance on Weir to 'hold' from 'buy' on Friday, cutting the price target to 1,650p from 1,800p as it pointed to limited upside in oil and gas.