Latest News
Berenberg times price target on Centrica, retains rating
Berenberg has trimmed its price target and maintained its ‘hold’ recommendation on Centrica, after the British Gas owner pulled its dividend.
XP Power pulls divi, sees strong healthcare orders
Power controller maker XP Power pulled its final dividend and cautioned for the full year despite “exceptional” order strength in its healthcare unit due to the coronavirus.
US non-farm payrolls sink in March, unemployment soars
The US jobs market deteriorated massively in March as the Covid-19 pandemic began sweeping across the country and some state authorities moved to a lockdown.
Friday broker round-up
National Grid: Deutsche Bank downgrades to hold with a target price of 910p.
TBC Bank creates extra loan buffer amid Covid crisis
TBC Bank Group said on Friday that the measures it had implemented in the last three weeks had allowed it to alter its day-to-day operations, in a bid to adapt to the current “unprecedented” operating environment, while maintaining the health, safety and wellbeing of its staff and customers.
People's Bank of China moves to free up ¥400bn to boost SME lending
The People’s Bank of China has cut the amount of cash smaller banks must keep in reserve, as it looks to bolster the country’s economic recovery following the Covid-19 outbreak.
US pre-open: Futures point to losses ahead of nonfarm payrolls data
US futures had stocks opening lower on Friday ahead of this week's nonfarm payrolls report.
Tullow Oil cuts capex, has $700m liquidity
Tullow Oil said on Friday that it has $700m of liquidity and has identified further capex savings amid a "challenging external environment".
Airbnb internal valuation drops 16% to $26bn
Apartment rental site Airbnb lowered its internal valuation compared to its latest funding round by 16% to reach $26bn.
Redcentric suspends share repurchase, unlikely to propose dividend
IT managed services outfit Redcentric said predicting future demand for its offerings was "difficult" due to the ongoing Covid-19 pandemic, leading the group to suspended its share repurchase programme and likely withhold any dividend payments.
Minoan continues to search for potential partners
Hotel owner Minoan Group said on Friday that its efforts to secure potential partners for a project in Crete had not been "unduly affected" by the effects of the Covid-19 pandemic.
Europe midday: Stocks slip as service sector surveys point to sharp GDP fall
Stocks across the Continent were sent sharply lower at the end of the week by services sector surveys that economists said pointed to an already steep and worse than expected drop in economic activity.
Fox Marble curtails operations amid coronavirus pandemic
Fox Marble updated the market on the impact of the Covid-19 coronavirus pandemic on Friday, explaining that the spread of the disease was having a “significant impact” on the marble extraction and processing market, given the international travel and working restrictions in place in a number of countries.
London midday: Stocks extend losses after UK services data; payrolls eyed
London stocks had fallen further into the red by midday on Friday following the release of dismal UK services data, as investors eyed the latest US non-farm payrolls report amid ongoing concerns about the escalating coronavirus pandemic.
Air France-KLM in talks over state-backed bailout - report
Air France-KLM is reported to be in discussions about securing a multi-billion euro bailout backed by the French and Dutch governments.
Eddie Stobart appoints finance veteran Adrian Collins as chairman
Eddie Stobart announced the appointment of Adrian Collins as its non-executive chairman on Friday, with immediate effect.
Clipper Logistics sets up PPE supply chain for NHS
Clipper Logistics has been contracted to provide services to establish a new supply chain for personal protective equipment (PPE) products for the NHS, it announced on Friday, delivering to hospital trusts and other healthcare providers across the UK.
Hunting replaces final dividend with smaller interim distribution
Hunting axed its 2019 final dividend on Friday, by withdrawing the relevant resolution from its annual general meeting.
Asia report: Markets mixed as oil prices rise, US jobs data sinks
Markets in Asia finished in a mixed state on Friday, with investors watching a surge in oil prices while digesting the latest developments in the ongoing Covid-19 coronavirus outbreak and its effects on the global economy.
Cenkos operating 'as normal' amid Covid-19 pandemic
British securities business Cenkos said on Friday that it was still "operating as normal" as staff continued working from home amid the Covid-19 pandemic.