Market Report
US pre-open: Wall Street set to dip despite more 'dovish' Fed talk
Stocks on Wall Street looked primed for a dip on Friday as investors played it safe following the recent run-up in share prices and ahead of the 28-29 June G-20 leaders summit in Osaka, Japan, where the US President and his Chinese counterpart were due to meet and despite dovish remarks from at least two top Federal Reserve officials.
Broker tips: Berkeley Group, Rolls Royce, Ocado
Analysts at Berenberg hiked their target price of Berkeley Group from 3,280p to 3,480p, complimenting the strength of the property developer's balance sheet and its ability to deliver strong results in a "soggy" sales market, but told clients there were better pickings to be had elsewhere.
Berenberg backs Berkeley Group despite sluggish London market
Analysts at Berenberg hiked their target price of Berkeley Group from 3,280p to 3,480p, complimenting the strength of the property developer's balance sheet and its ability to deliver strong results in a "soggy" sales market, but told clients there were better pickings to be had elsewhere.
Ocado shares rally as Citi bumps up price target, reiterates 'buy'
Shares of grocery delivery company Ocado rallied on Friday as Citi upped its price target on the stock to 1,450p from 1,300p and reiterated its 'buy' rating.
Fossil fuels power less than half of UK electricity for the first time
Clean energy sources are set to overtake fossil fuels as the top UK electricity generator this year for the first time since the industrial revolution.
Europe midday: Stocks flat as traders play it safe
Stock markets across the Continent were little changed come midday 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.
London midday: Stocks maintain small gains as energy shares rise, Ocado shines
London stocks were still a touch higher by midday on Friday, with gold producers and energy shares on the rise but investors cautious amid escalating tensions between the US and Iran.
JP Morgan says Rolls Royce's guidance on R&D 'unrealistic'
Analysts at JP Morgan reiterated their 'underweight' recommendation on shares of Rolls Royce, pointing to a weakening market for wide body jets and the European Union's drive to reduce the hit to the environment from aviation.
Asia report: Markets mixed amid rising Middle East tensions
Markets in Asia finished mixed on Friday, as investors digested an escalation of tensions in the Middle East following the reported shooting down of a US surveillance drone on Thursday.
Moody's reduces Fresnillo outlook to 'stable'
Moody's has reduced its outlook on Fresnillo's debt to 'stable' from 'positive' citing negative free cash flow expectations and the company's exposure to Mexico.
SolGold jumps after Ecuador's constitional court strikes down proposed referendum on mining
Shares of gold and copper miner SolGold jumped at the end of the week after Ecuador's constitutional court rejected a proposal for a referendum on mining in various provinces in the South American country in which the outfit operates, even if on technicalities.
FairFX gets broker licence
FairFX has been given permission by the Financial Conduct Authority to provide credit facilities acting as a broker.
IQE warns on FY revenue as Huawei ban takes its toll
IQE warned on Friday that full-year revenue will come in below market expectations amid "uncertain" market conditions, as US restrictions on China's Huawei take their toll on other companies.
UK May budget deficit of £5.1bn higher than expected
Public sector borrowing was £5. 1bn in May - higher than expected and £1bn more than a year earlier, official figures showed.
Eurozone factory and services sector PMIs edge past forecasts in June
Economic activity in the single currency bloc picked up the pace a little again in June but the manufacturing sector remained in the grip of its worst downturn in six years, the results of a widely-followed survey revealed.
Westminster Group agrees JV with Saudi Arabia's Hazar
Westminster Group has entered into a joint venture agreement with Saudi Arabia's Hazar International.
Domino's Pizza says Andrew Rennie 'committed' to European role
Shares in Domino's Pizza slumped on Friday after the company denied speculation that Andrew Rennie, the chief executive for Europe, was set to take over from UK and Ireland CEO David Wild.
Bushveld Minerals reports maiden mineral resource for Brits project
Vanadium producer Bushveld Minerals provided a maiden mineral resource estimate for the Brits Vanadium Project, located on Portion 3 of the Uitvalgrond 431 JQ farm near the town of Brits in the North West Province of South Africa on Friday.
MC Mining refreshes cooperation agreement with Haohua Energy
MC Mining announced the signing of a cooperation agreement with Haohua Energy International Hong Kong (HEI) on Friday, which is a wholly-owned subsidiary of Shanghai-listed Beijing Haohua Energy Resource Company, the largest exporter of anthracite coal from China.