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Baltic Classifieds Group confirms IPO set to go ahead
Baltic Classifieds Group confirmed its intention to pursue an initial public offering on the London Stock Exchange.
US close: Stocks manage positive finish as inflation marches higher
Wall Street stocks closed above the waterline on Thursday, as market participants rifled through a consumer price index that revealed a bigger-than-expected increase in price pressures and a fresh batch of jobless claims data.
Week ahead: Federal Reserve, UK employment in focus
The coming week's focus will be on the US central bank's policy meeting with investors keen to see whether and to what extent policymakers' bias towards continued easy policy has shifted - if at all.
Europe close: Stocks end at record highs going into US Fed meeting
European shares hit record highs on Friday buoyed by the European Central Bank's decision the day before to increase its pace of asset purchases despite rising inflation.
London close: Stocks end week on a high after decent GDP data
London stocks closed in positive territory on Friday, as investors digested encouraging UK GDP data.
Weekly review
The FTSE 100 ended the week 65. 02 points higher, closing at 7,134. 06 on Friday.
Broker tips: Ashtead, Supreme, Auto Trader
Deutsche Bank downgraded its stance on shares of equipment rental firm Ashtead to 'hold' from 'buy' but lifted the price target to 5,108. 0p from 4,750. 0p as it argued the valuation is outstripping returns.
Bigblu Broadband disposes of holding in Quickline
Bigblu Broadband announced on Friday that it had satisfied all conditions relating to the disposal of its holding in Quickline to funds managed by Northleaf Capital Partners, with the disposal completed on 10 June.
Zephyr Energy files for listing on US OTC market
Rocky Mountains-focussed oil and gas company Zephyr Energy announced on Friday that it is filing an application with the OTC Markets Group for its ordinary shares to be publicly cross-traded on the OTCQB market in the United States.
Director dealings: Tandem chairman offloads 15,000 shares
Tandem Group revealed on Friday that chairman Stephen Grant had disposed of 15,000 ordinary shares in the AIM-listed sports and leisure products retailer.
US consumer sentiment improves in June
US consumer sentiment improved more than expected in June, according to a preliminary reading from the University of Michigan.
US open: S&P 500 hits new record high despite hotter-than-expected CPI reading
Wall Street stocks traded higher early on Friday, with the S&P 500 pushing further into record territory.
FTSE 250 movers: Sanne surges on offer; Domino's retreats
London’s FTSE 250 was up 0. 5% at 22,729. 04 in afternoon trade on Friday.
FTSE 100 movers: Halma heads higher; Ashtead hit by downgrade
London’s FTSE 100 was up 0. 6% at 7,131. 27 in afternoon trade on Friday.
Warpaint shares surge on 'encouraging growth'
Colour cosmetics specialist Warpaint London said on Friday that trading in the year-to-date had been “encouraging”, with brand sales in the UK for the first five months up 64% year-on-year, and up 18% over 2019, before the effect of the Covid-19 pandemic.
US pre-open: Futures higher following yesterday's hotter-than-expected inflation CPI print
Wall Street futures were in the green ahead of the bell on Friday after the S&P 500 closed at a fresh record high in the previous session.
Avacta to sell rapid Covid-19 test in EU following registration
Diagnostics and cancer therapies developer Avacta Group has received notice of registration of its ‘AffiDX’ SARS-CoV-2 antigen lateral flow test in the European Union, allowing it to place the product on the market for professional use in all 27 countries of the EU.
Osirium reports 'record' first and fourth quarters
Cloud-based cybersecurity technology vendor Osirium Technologies reported a 22% improvement in total recognised revenue in its final results on Friday, to £1. 43m.
Mind Gym swings to statutory loss in pandemic year
Training consultancy Mind Gym reported an 18% decline in revenue in its full-year results on Friday, at £39. 4m, as its gross profit margin improved 7. 5 percentage points to 87. 4%.
London midday: Stocks in the black after GDP reading
London stocks were in the black by midday on Friday as investors digested encouraging UK GDP data.