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Europe close: Stocks end bad week on a mixed note
Stocks across the Continent finished a bad week on a mixed note following another raft of poor-to-mixed economic data from around the globe and ongoing tensions between Washington and Beijing.
Week ahead: Global PMIs, US Fed in focus
The focus over the coming week will be on preliminary survey data on preliminary euro area and UK manufacturing and services sector surveys covering the month of May.
London close: Stocks finish higher as miners rally on China data
London stocks finished comfortably higher on Friday, as miners were boosted by better-than-expected Chinese industrial production figures.
Director dealings: Land Securities CEO picks up shares
Land Securities Group revealed on Friday that chief executive Mark Allan had acquired 29,686 ordinary shares in the FTSE 100-listed property group.
London mayor slams govt over £1.6bn TfL bailout terms
A political row broke out on Friday over a £1. 6bn rescue package for London's transport system as the government made the deal conditional on fare rises, extra debt for the capital and axing free travel for children.
Broker tips: Hargreaves Lansdown, Lamprell
Analysts at Berenberg raised their target price on Hargreaves Lansdown from 1,440p to 1,705p on Friday after the group's trading statement from a day earlier confirmed that customer engagement had accelerated.
Canaccord slashes target on Lamprell, reinstates 'buy' rating
Analysts at Canaccord Genuity slashed their target price on oilfield services provider Lamprell from 60p to 30p on Friday but highlighted the firm's solid cash position through 2020 as it reinstated its 'buy' rating on the group.
US open: Stocks head south following massive drop in retail sales
US stocks opened lower on Friday as market participants thumbed over some tragic retail sales figures for April.
Asiamet receives key approval for BKM copper project
Asiamet Resources has received a key approval for the BKM copper project in Central Kalimantan, Indonesia, it announced on Friday.
Time Out extends loan by £2.5m amid Covid slowdown
Publishing and leisure company Time Out Group has extended its existing £20m loan from Oakley Capital Investments (OCI), it announced on Friday, by drawing down £2. 5m of an available £18m extension.
FTSE 250 movers: Computacenter surges; Petrofac retreats
London’s FTSE 250 was up 1. 8% at 15,678. 05 in afternoon trade on Friday.
US consumer confidence improves a little in May, University of Michigan says
Consumer sentiment in the States improved unexpectedly at the start of May as the first government financial support reached Americans and companies boosted discounts.
EVR launching MelodyVR lockdown concert series
Virtual reality content company EVR Holdings announced the launch of ‘Live from LA’ on Friday, which it described as a new live music series delivered into fans' homes around the world, broadcast from MelodyVR's new studio location in Los Angeles.
Berenberg raises target price for Hargreaves Lansdown
Analysts at Berenberg raised their target price on Hargreaves Lansdown from 1,440p to 1,705p on Friday after the group's trading statement from a day earlier confirmed that customer engagement had accelerated.
FTSE 100 movers: Miners rally on China data; BT boosted by Openreach report
London’s FTSE 100 was up 1. 5% at 5,829. 45 in afternoon trade on Friday.
BT in talks to sell Openreach stake - report
BT shares rose after the company was reported to be in talks with potential bidders for a multibillion-pound stake in its Openreach infrastructure division.
US factory output sees record slump in April as auto production nearly wiped out
Industrial output in the US fell sharply in April, led by a historic contraction in factory production.
Retail activity dips after easing but rises in destination towns
Retail activity declined by almost 2% in the four days following the easing of lockdown restrictions but footfall increased in coastal and historic towns as people took their cue to venture out, a survey showed.
Pound drops after chief UK trade negotiator says Brexit deal may not be reached
The UK and the European Union may not be able to reach an agreement on Brexit if Brussels insists on new and unbalanced approach based on requiring "a level playing field", the country's top negotiator said.