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FCA cracks down on 'dysfunctional' overdraft market
The City regulator has announced a clampdown on overdraft charges to fix a "dysfunctional" £2. 4bn market that punishes vulnerable customers.
US close: Dow records best week since November as investors prep for potential rate cuts
Wall Street stocks recorded some solid gains on Friday, seeing out its best week since November on a four-day winning streak amid hopes of progress on trade talks between the US and Mexico and increased chances of a Fed rate by the end of the year.
Singapore's City Developments to buy Millennium & Copthorne for £2.23bn
Shares in Millennium & Copthorne rocketed on Friday after it agreed to be bought by Singapore-listed real estate company City Developments (CDL) for £2. 23bn.
Europe close: Stocks gain as weak US jobs report boosts Fed rate cut expectations
European stocks ended in the green on Friday as a disappointing non-farm payrolls report fuelled hopes of a rate cut by the US Federal Reserve, helping to offset some weak German data.
London close: Stocks rally amid US rate cut hopes; Millennium & Copthorne surges
London stocks ended with strong gains on Friday as a weak non-farm payrolls report boosted expectations that the Federal Reserve will cut interest rates.
Broker tips: Royal Mail, Sage
Analysts at HSBC downgraded Royal Mail to 'hold' and cut their price target on the firm by almost a third on Friday, noting that its 2020 earnings before interest and taxes were likely to be lower than last year as positive earnings momentum was "some way off".
Director dealings: BT CEO snaps up shares
BT revealed on Friday that new chief executive Philp Jansen had acquired 1. 48m ordinary shares in the FTSE 100-listed telco giant.
Trump could use 'national emergency' to impose tariffs on Mexico
Trump could consider declaring a new national emergency in order to be able impose tariffs on Mexico.
FTSE 100 movers: BT rallies as CEO picks up shares; Hargreaves recoups some losses
London's FTSE 100 was up 0. 9% in afternoon trade on Friday at 7,324. 92 as a weak non-farm payrolls report added to expectations that the US Federal Reserve will cut rates.
HSBC downgrades Royal Mail despite 'credible' plan
Analysts at HSBC downgraded Royal Mail to 'hold' and cut their price target on the firm by almost a third on Friday, noting that its 2020 earnings before interest and taxes were likely to be lower than last year as positive earnings momentum was "some way off".
Week ahead: Chinese data, G-20 finance ministers meeting in focus
The focus over the coming week will be on a barrage of data out of the People's Republic of China, as investors try to better gauge how the Asian giant is coping with the ongoing slowdown and trade tensions.
Arcadia looks to win over landlords with improved CVA terms
Having failed to gain the required support from landlords earlier this week, Philip Green's Arcadia Group said on Friday that it had improved the terms of its company voluntary arrangements.
Russian destroyer nearly collides with American cruiser in Philippine Sea, US Navy says
A Russian destroyer nearly collided with an American guided missile cruiser in the Philippine Sea overnight.
Beyond Meat shares soar as group ups guidance, tops revenues estimates
Plant-based substitutes manufacturer Beyond Meat topped estimates on the Street with its first-quarter results overnight and told investors that its revenues would more than double in 2019 on the back of a seemingly never-ending demand for its products.
US open: Rally continues into fourth straight session as potential rate cuts remain in focus
Wall Street got off to a good start on Friday, with stocks looking to extend their rally into a fourth straight session amid hopes of progress on trade talks between the US and Mexico and increased chances of a Fed rate by the end of the year.
FTSE 250 movers: Kier recovers, Ted Baker tumbles
London's FTSE 250 was 0. 36% higher at 19,139. 81 in afternoon trade on Friday, with Kier Group leading the index higher after a week that saw the construction firm's share price tumble on the back of a profit warning.
Toyota aims to launch two ultra-compact electric vehicles by 2020
Toyota is aiming to get half of its global sales from electric vehicles by 2025 and is looking to launch two two-seater ultra-compact electric vehicles by next year.
BlueRock Diamonds recovers its largest ever diamond
BlueRock Diamonds has recovered its largest diamond to date at its Kareevlei mine in the Kimberley region of South Africa.
New Huawei models won't have Facebook, Instagram or Whatsapp pre-installed
Facebook won’t allow Huawei to pre-install its apps on the manufacturer's new smartphones anymore, reported Reuters on Friday.