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London close: Stocks firmer after massive US payrolls miss
London stocks closed well into positive territory on Friday, with the top-flight index hitting new post-pandemic highs, as investors sifted through a US payrolls report that missed expectations by a country mile.
Snowball Finance plans $300m US IPO
Online financial information portal, Snowball Finance Beijing Internet Information Technology is planning an initial public offering in the US which could raise around $300m.
Europe close: Stocks at record highs despite weak US jobs data
European shares continued pushing higher on Friday, boosted by strong US markets, an upbeat outlook from sportswear maker Adidas and reports that UK aerospace engineer Meggitt could be a takeover target.
Weekly review
The FTSE 100 ended the week 159. 9 points higher, closing at 7,129. 71 on Friday.
Domestic & General chair to temporarily run business
Warranty insurer Domestic & General announced on Friday that David Tyler would become its executive chairman for an interim period with immediate effect, until the recruitment process for a permanent chief executive officer was concluded.
FTSE 250 movers: Deal news boosts St Modwen; John Laing drops
London’s FTSE 250 was up 1. 2% at 22,755. 37 in afternoon trade on Friday.
Gandhi warns of Indian second wave that threatens to spread worldwide
India's main opposition leader Rahul Gandhi warned on Friday that the second Covid-19 wave that is fiercely hitting the country needs to be brought under control or it could even threaten the rest of the world.
Week ahead: Global inflation, BoE's Bailey in the spotlight
Financial markets' focus over the coming week will be on inflation readings due out across the world's largest economies, including China, euro area and US.
Broker tips: RSA Insurance, Hill and Smith, Barratt Developments
Peel Hunt downgraded RSA Insurance on Friday to ‘hold’ from ‘buy’ but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.
FTSE 100 movers: Miners rally; Rolls-Royce gains on Meggitt news
London’s FTSE 100 was up 0. 7% at 7,121. 96 in afternoon trade on Friday.
Directors dealings: Spouse of AFC Energy chairman buys in
The spouse of AFC Energy's chairman, Gary Bullard, picked up some shares in the hydrogen fuel cell manufacturer's stock.
US open: Stocks shake off 'shocking' April non-farm payrolls
Investors on Wall Street have shaken off the surprise shortfall in US jobs in April and are again pushing stocks higher.
US non-farm payrolls rise by just 266,000 in April
America's labour market last month generated the fewest jobs ever relative to economists' forecasts.
Pfizer and BioNTech file for full FDA authorisation of Covid-19 vaccine
Pfizer and BioNTech have started the process to file for full authorisation of their Covid-19 vaccine with the US Food and Drug Administration.
Rogue Baron appoints industry veteran Peter Mooney as advisor
Premium spirits company Rogue Baron announced the appointment of industry veteran Peter Mooney to its advisory board on Friday.
Valeura Energy gets all approvals to sell shallow gas business
Turkey-focussed upstream oil and gas company Valeura Energy announced on Friday that all Turkish government consents required to close its proposed sale of its shallow conventional gas business had now been granted.
Peel Hunt downgrades RSA Insurance as takeover nears completion
Peel Hunt downgraded RSA Insurance on Friday to ‘hold’ from ‘buy’ but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.
Mobeus reports solid first quarter net asset value performance
Mobeus Income & Growth reported on Friday that its net asset value per share increased by 13. 23p in the quarter ended 31 March, making for an increase of 19. 7% on the opening net asset value per share.
Custodian REIT declares fifth interim dividend for 2021
UK-focussed property investment company Custodian REIT confirmed a fifth interim dividend per share for the financial year ended 31 March on Friday.
Carnival extends AIDA Canary Islands season. cancels other sailings
Carnival announced on Friday that its wholly-owned Germany-based AIDA Cruises is extending the Canary Islands season for its AIDAperla ship through July, while confirming the cancellation of cruises not departing from the islands, Greece or Germany.