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UK house prices bounce back in July thanks to pent-up demand
UK house prices bounced back in July, boosted by pent-up demand after the coronavirus lockdown ended, according to a survey released by Nationwide on Friday.
Europe close: Investors fade early bounce as UK postpones easing lockdown
Selling in European stocks extended into a second session at the end of the month, after Downing Street postponed easing lockdown restrictions for two weeks and following the release of data showing a record contraction in euro area economic growth during the second quarter.
FTSE 250 movers: Pets at Home out of the dog house; Hochschild up as silver flies
London's second tier index finished the month on the back foot, weighed down by losses in the travel and leisure space after the Prime Minister announced that the planned easing of lockdown measures would be postponed.
London close: Stocks finish weaker as eurozone GDP, virus risks weigh
London stocks finished well into the red on Friday, as weak eurozone growth figures offset stellar earnings from the US technology sector earlier.
Director dealings: Drax CEO ups stake
Drax Group revealed on Friday that chief executive Will Gardiner had acquired 54,772 ordinary shares in the FTSE 250-listed electricity generator.
US Chicago PMI moves back into expansion territory in July
A widely-followed gauge of manufacturing sector activity in the Chicago area bounced back sharply in July.
Enwell acquisition appealing Ukraine court ruling
Oil and gas exploration and production company Enwell Energy updated the market on the Ukrainian legal proceedings relating to its Svystunivsko-Chervonolutskyi exploration licence in Ukraine on Friday, which is held by LLC Arkona Gas-Energy, which it acquired in March.
ReNeuron gets patent allowance in the US
Cell-based therapeutics developer ReNeuron Group announced on Friday that the US Patent and Trademark office (USPTO) has completed its examination of its application titled ‘phenotype profile of human retinal progenitor cells’, and has issued a notification of allowance for the issue of a patent.
Broker tips: Ceres Power, Fuller, Smith and Turner
Analysts at Liberum lowered their target price on pub landlord Fuller, Smith and Turner from 820. 0p to 700. 0p on Friday, stating London was likely to drag on the group's recovery efforts.
S&P keeps LSE Group's debt rating on CreditWatch negative
Credit analysts at S&P Global Ratings kept their rating on London Stock Exchange Group's long-term debt on 'CreditWatch negative'following the company's announcement that it might sell its interest in MTS or its stake in Borsa Italiana Group, pending further information on the scope of any asset sale.
FTSE 100 movers: IAG flies lower on results; LSE gains
London’s FTSE 100 was down 1. 2% at 5,919. 58 in afternoon trade on Friday.
US consumers 'don't expect the recession to end anytime soon', U.Michigan says
US consumer sentiment slipped a bit more than had been anticipated in July, belying consumers' skepticism about the sustainability of the economic rebound, some economists said.
London Stock Exchange Group raises interim dividend, may sell Borsa Italiana stake
The operator of the London Stock Exchange hiked its interim dividend following a better-than-expected half for the group.
Facebook smashes quarterly revenue forecasts
Social media giant Facebook smashed quarterly revenue estimates overnight and forecast similar growth to come despite multiple corporations boycotting the internet giant and the impact of the Covid-19 pandemic.
US open: Stocks mixed following big tech earnings overnight
Wall Street stocks were mixed at the bell on Friday following earnings from some of the technology sector's biggest names overnight.
US pre-open: Futures point to modest gains following tech earnings
Wall Street futures were pointing to modest gains ahead of the bell on Friday following strong earnings by some of the technology sector's biggest names overnight.
Americans continue to splash out in June
Americans continued to splash out even as income growth continued to ease from April's fiscal policy induced bonanzas.
Amazon gets FCC approval for $10bn internet satellite constellation launch
Amazon received approval from the US Federal Communications Commission to launch and operate a planned constellation of 3,236 internet satellites in which it has invested $10bn.
Friday broker round-up
Greencore Group: Berenberg reiterates buy with a target price of 200. 0p.