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US consumer sentiment improved more than expected in June, according to a preliminary reading from the University of Michigan.
London’s FTSE 250 was up 0. 5% at 22,729. 04 in afternoon trade on Friday.
London’s FTSE 100 was up 0. 6% at 7,131. 27 in afternoon trade on Friday.
London stocks were in the black by midday on Friday as investors digested encouraging UK GDP data.
RBC Capital Markets lifted its price target on shares of Auto Trader on Friday to 610p from 560p following the company’s "strong" set of results a day earlier.
Deutsche Bank downgraded its stance on shares of equipment rental firm Ashtead to ‘hold’ from ‘buy’ but lifted the price target to 5,108p from 4,750p as it argued the valuation is outstripping returns.
London stocks rose in early trade on Friday, taking their cue from a positive finish on Wall Street as investors digested the latest UK GDP data.
Recruiter Robert Walters said on Friday that pre-tax profit for the year to the end of December 2021 was set to be "materially ahead" of current market expectations.
Neil Smith, chief financial officer of Domino's Pizza, is leaving the company to become finance director of pub chain Fuller, Smith & Turner.
The UK economy grew in April at its fastest monthly pace since July 2020 as lockdown restrictions eased, according to figures released on Friday by the Office for National Statistics.
London stocks were set to edge up at the open on Friday as investors digest the latest UK GDP reading.
The French president last night ramped up the pressure on Boris Johnson over the Northern Ireland protocol by insisting “nothing is negotiable” as the G7 summit of world leaders risked being overshadowed by the bitter standoff over Brexit. In a defiant intervention as he prepared to travel to the UK, Emmanuel Macron warned Boris Johnson that France is not open to renegotiating any aspect of the protocol – and even appeared to raise questions about whether the UK could be trusted.