Full List Of Stories
FTSE 250 movers: Deal news boosts St Modwen; John Laing drops
London’s FTSE 250 was up 1. 2% at 22,755. 37 in afternoon trade on Friday.
FTSE 100 movers: Miners rally; Rolls-Royce gains on Meggitt news
London’s FTSE 100 was up 0. 7% at 7,121. 96 in afternoon trade on Friday.
Peel Hunt downgrades RSA Insurance as takeover nears completion
Peel Hunt downgraded RSA Insurance on Friday to ‘hold’ from ‘buy’ but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.
Jefferies starts Hill & Smith at ‘buy’
Jefferies initiated coverage of Hill & Smith on Friday with a ‘buy’ recommendation and 1,750p price target, saying the company has "all the ingredients to re-rate".
London midday: Stocks rally as commodities, deal news provide a boost
London stocks were firmly in the black by midday on Friday, with the top-flight index hitting a new post-pandemic high as deal news and strong commodity prices provided a boost ahead of the latest US non-farm payrolls report.
Meggitt surges as Woodward said to explore possible acquisition
Meggitt shares surged on Friday following a report that US-based Woodward Inc could be looking to buy the London-listed aerospace engineer.
Liberum downgrades John Laing but lifts target price on KKR talks
Liberum downgraded its recommendation on shares of John Laing to ‘hold’ from ‘buy’ after the infrastructure investor confirmed it was in talks with private equity firm KKR about a possible takeover.
London open: FTSE hits fresh post-pandemic high amid deal news
London stocks rose in early trade on Friday, with the top-flight index hitting a new post-pandemic high as deal news and strong commodity prices provided a boost ahead of the latest US non-farm payrolls report.
Blackstone makes 542p a share offer for St Modwen
St Modwen Properties said on Friday that US private equity firm Blackstone has made a possible cash offer for the group at 542p a share.
Citi starts coverage of Wickes at 'buy'
Citi has initiated coverage on shares of Wickes with a ‘buy’ rating after its demerger from Travis Perkins.
London pre-open: Stocks seen up ahead of payrolls
London stocks were set to rise at the open on Friday as investors eye the release of the latest US non-farm payrolls report.
Friday newspaper round-up: Ad scams, Liberty Steel, GKN
A coalition of organisations including City of London police and the consumer body Which? is demanding the government make tech giants such as Google and Facebook legally responsible for fake and fraudulent adverts. In a joint letter to the home secretary, Priti Patel, the 17 organisations have urged ministers to force search engines and social media sites to vet all adverts they publish to protect the public from an “avalanche” of scams involving investments and other financial offers.