Market Report
US close: Stocks end lower, snap four-day rally
US stocks finished lower on Friday, with the S&P 500 pulling back from record highs, as investors reacted to data showing that private sector growth slowed to a nine-month low.
FTSE 100 movers: JD Sports recovers; miners gain in tandem with metals prices
London's FTSE 100 was up 0. 7% at 8,502. 35 in afternoon trade on Friday.
Broker tips: Anglo American, Quilter
Citi downgraded Anglo American on Friday to 'neutral' from 'buy' and cut the price target to 2,800. 0p from 3,000. 0p as it said that sum of the parts upside appears limited.
London close: Stocks down as PMI rises, consumer sentiment slips
London stocks ended lower on Friday as investor sentiment weakened following a decline in consumer confidence and another drop in private sector employment.
Premier African raises £0.54m to help progress Zulu Project
Premier African Minerals announced a subscription for 2. 7 billion new shares on Friday, at an issue price of 0. 02p each, raising £0. 54m before expenses.
Director dealings: Workspace director snaps up shares
Workspace revealed on Friday that non-executive director Nick Mackenzie had acquired 4,500 ordinary shares in the FTSE 250-listed real estate investment trust.
Mindflair notes Infinite Reality partnership with Nasdaq PM
Mindflair, an investor in next-generation technology with a focus on artificial intelligence (AI), noted a recent announcement from Infinite Reality (iR) on Friday, over its partnership with Nasdaq Private Market (NPM) to facilitate secondary liquidity for its private securities.
Red Rock Resources reports progress with DRC arbitration
Natural resource explorer and developer Red Rock Resources updated the market on its ongoing arbitration process in the Democratic Republic of the Congo (DRC) on Friday, reporting that after a scheduled meeting in Kinshasa on 22 January, the arbitrator had advised the parties involved to exchange any additional supporting documents and explore the possibility of reaching a consensus on the arrangements before the matter was finalised.
Berenberg slightly raises target price on Quilter
Analysts at Berenberg slightly raised their target price on wealth management firm Quilter from 140. 0p to 145. 0p on Friday following the group's "strongest quarter of the year" for flows.
Pulsar reports 'encouraging' full-year trading results
Pulsar Group, a provider of software-as-a-service (SaaS) solutions for the marketing and communications industries, reported “encouraging” trading results for the year ended 30 November in an update on Friday, despite a challenging market environment that has constrained marketing spend.
US open: Major indices on track for winning week
Wall Street trading got off to a mixed start on Friday following solid gains in the previous session.
FTSE 250 movers: Burberry back in fashion; Oil stocks on the slide
FTSE 250 (MCX) 20,567. 54 0. 23%.
Novo Nordisk shares up on positive weight loss drug trial
Pharmaceutical giant Novo Nordisk were up double digits early on Friday thanks to positive headline results from early-stage trials into one of its weight loss drugs.
British Land and GIC’s Broadgate REIT forms new JV with Abu Dhabi’s Modon
British Land said on Friday that Broadgate REIT, which it owns equally with Singapore’s GIC, has formed a new joint venture with Abu Dhabi-based holding company Modon to deliver 2 Finsbury Avenue, a 750,000 sq ft development at Broadgate.
Westminster Group secures US contract with existing client
Security solutions and managed services supplier Westminster Group announced on Friday that it has secured an additional contract worth $0. 3m to provide entry screening solutions for an existing international client in the United States.
US pre-open: Futures lower following S&P 500's record-setting session
Wall Street futures were in the red ahead of the bell on Friday after yesterday's solid gains saw the S&P 500 hit a fresh record high.
Europe midday: Stoxx breaks record as Trump hints at China trade deal
European shares hit record highs on Friday despite the prospect of a clash between US President Donald Trump and the Federal Reserve over monetary policy, while traders also mulled the widely expected hike in Japanese interest rates.
London midday: FTSE turns lower as investors mull UK PMI; Burberry bucks trend
London stocks had fallen into the red by midday on Friday as investors mulled a slide in consumer confidence and another fall in private sector employment.
Ericsson Q4 operating profits fall short of expectations
Telecommunications equipment maker Ericsson said on Friday that Q4 operating profits had fallen short of expectations on the back of a slowdown in India.
ITM Power wins European joint development contract
Energy storage and clean fuel company ITM Power said on Friday that it has been contracted by a European energy company to jointly develop a standard design configuration for a 10MW green hydrogen production plant.