Latest News
MNI Chicago PMI drops again in May, Covid-19 impact seen extending into 2021
Business activity levels in the Chicago area continued to shrink in May, dropping at their quickest pace since March 1982, led by a drop in new orders amid lockdowns.
Provident Financial rallies on Jefferies upgrade
Provident Financial shares rallied on Friday after Jefferies upped its rating on the doorstep lender to ‘buy’ from ‘hold’.
US personal consumption crashes in April, savings rocket
Personal incomes in the US shot higher last month as government transfers to contain the fallout from the pandemic kicked-in.
Friday broker round-up
Admiral Group: Barclays downgrades to equal weight with a target price of 2,304p.
Wizz Air announces four new bases, more than 50 new routes
Wizz Air said on Friday that it will open four new bases in July, expanding its network in Italy, Cyprus, Albania and Ukraine and launching more than 50 new routes.
Lenders grant 1.5m payment breaks on cards and loans
UK lenders have given almost 1. 5m payment holidays to card and personal loan borrowers in financial difficulties during the Covid-19 crisis, industry figures showed.
London mayor calls on govt to retain free travel for children
London Mayor Sadiq Khan has resumed his war of words with the government over the conditions attached to London's £1. 6bn transport system bailout.
US pre-open: Futures point to losses ahead of Trump's China press conference
Wall Street futures were pointing to losses ahead of the bell as market participants awaited a news conference on US-China relations from Donald Trump.
ValiRx offloads non-core IP to DDTech
ValiRx has entered into a deed of assignment with Drug Discovery Technologies (DDTech) for the patents, materials and know-how associated with its non-core intellectual property ‘FitBio’ and ‘TRAC’, it announced on Friday.
Botswana Diamonds reports recoveries from Marsfontein sampling
Botswana Diamonds has finished the processing of two bulk samples taken from the Marsfontein diamond development project in the Limpopo Province of South Africa, it announced on Friday.
BofA upgrades Rio Tinto and BHP to 'buy' on iron ore outlook
Bank of America upgraded its ratings on BHP and Rio Tinto to 'buy' because iron ore cash flows will attract investors looking for relatively safe dividends.
Europe midday: Stocks off lows despite diplomatic stand-off over HK
Stocks were still trading on their back foot come midday, but had come off their worst levels, as financial markets girded themselves for a White House press conference scheduled for later in the evening.
London midday: Stocks in the red as investors eye Trump conference
London stocks were still firmly on the back foot by midday on Friday amid growing tensions between the US and China.
Asia report: Markets mixed after Beijing approves HK security bill
Markets in Asia finished in a mixed state on Friday, as investors took a wait-and-see approach to the global reaction to Beijing’s approval of its controversial security bill for Hong Kong, which happened late on Thursday.
BA considers quitting Heathrow terminal 3 - report
British Airways is considering closing its operation at Heathrow airport's terminal 3 and shrinking its activity at terminal 5, according to a report.
Europe open: Stocks slip ahead of White House press conference
Stocks were trading on the back foot at the end of the week as financial markets girded themselves for a press conference, scheduled for later in the evening.
Renault to cut 14,600 jobs in factory restructuring
Renault announced on Friday that it would be slashing 14,600 jobs as part of a restructuring of its factories in France to reduce costs.
Eurozone inflation nears four-year low in May
Eurozone inflation fell to a near four-year low in May as energy prices slid, according to figures released by Eurostat on Friday.
Anexo looks to raise £7.5m from placing
Legal services provider Anexo Group proposed a placing of six million new ordinary shares on Friday as part of an effort to strengthen its balance sheet to take advantage of near-term opportunities.
Judges Scientific acquires calorimetry devices maker Heath Scientific
Scientific instruments business Judges Scientific has acquired calorimetry devices maker Heath Scientific for £5. 3m in cash.