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German industrial production drops in July
German industrial production unexpectedly fell in July as trade tensions took their toll, according to the latest figures released by Destatis, stoking recession fears.
Ashmore profits rise AuM tick higher
Emerging market asset manager Ashmore reported a rise in full-year profit and earnings on Friday thanks to growth in assets under management, as it said the outlook for the US economy and its trade policy are the main risks to the current market environment.
Weir wins £100m Australian order
Mining engineer Weir Group said it had won a £100m order to provide crushing and pump equipment to the Iron Bridge magnetite project in the Pilbara region of Western Australia.
London pre-open: Stocks seen muted ahead of US payrolls
London stocks looked set for a muted open on Friday as investors eyed the release of the latest US non-farm payrolls report.
Berkeley Q1 demand still robust, Weir wins record £100m order
London open The FTSE 100 was called to open nine points lower at 7,262.
Friday newspaper round-up: Fossil fuel, London economy, WeWork, Flannels
Major oil and gas companies have invested $50bn (£40. 6bn) in fossil fuel projects that undermine global efforts to avert a runaway climate crisis, according to a report. Since the start of last year, fossil fuel companies have spent billions on high-cost plans to extract oil and gas from tar sands, deepwater fields and the Arctic despite the risks to the climate and shareholder returns. – Guardian.
Berkeley says wider market 'constrained' due to Brexit worries
House builder Berkeley said first quarter market conditions in London and the South East had remained robust with stable pricing although Brexit worries and high transaction costs were constraining the wider market.