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07 Jun
New York Stock Exchange, NYSE, markets, Wall Street, US. Photo: Grant Wickes
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.

07 Jun
Weekly review

London's FTSE 100 index ended Friday up 1% at 7,331. 94.

07 Jun
millennium copthorne hotel
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.

07 Jun
European Central Bank, euro, ECB, eurozone, single currency
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.

07 Jun
London, city, DL
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.

07 Jun
royal mail, post
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".

07 Jun
London Stock Exchange AIM LSE shares
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.

07 Jun
ep trump press conference prior to leaving to japan
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.

07 Jun
BT Tower, telecoms
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.

07 Jun
royal mail
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".

07 Jun
la-chine-a-accepte-d-acheter-1-200-milliards-de-dollars-de-biens-americains
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.

07 Jun
Philip Green parliament
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.

07 Jun
ep buque awd australiano
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.

07 Jun
ceo-beyond-meat-ethan-brown
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.

07 Jun
wall street
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.

07 Jun
games workshop warhammer
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.

07 Jun
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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.

07 Jun
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.

07 Jun
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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.

07 Jun
ep usuario de smartphone
Crimson Tide's profit falls after costs rise on new hires

Crimson Tide on Friday reported a drop in annual profits despite a slight increase in revenues, as its cost of sales and operating expenses increased.