Latest News
Friday newspaper round-up: Homeowners, Greensill, Wizz Air
Homeowners face the biggest rise in mortgage costs since the financial crisis, with the amount of interest they pay set to jump by 13% in 2023, data from the government’s independent forecasting unit suggests. Politicians and analysts seized on a table “buried” in a report published by the Office for Budget Responsibility (OBR) alongside the budget, which stated that mortgage interest payments were set for their biggest rise since at least 2008. – Guardian.
Week ahead: Fed and BoE rate decisions, US jobs in focus
Investors will have their work cut out for them over the coming week with an economic calendar full of significant risk events, including interest rate decisions from the US Federal Reserve and Bank of England, as well as the all important monthly US jobs report.
Europe close: Stocks end week on a mixed note
European shares ended the week on a mixed note as results overnight from tech giants Amazon and Apple missed expectations and euro zone inflation rose came in higher than forecast.
Weekly review
The FTSE 100 ended the week 33. 02 points higher, closing at 7,237. 57 on Friday.
London close: NatWest in the red as stocks end week lower
London stocks closed below the waterline on Friday, after sentiment got off on the wrong foot following disappointing earnings from Apple and Amazon in the US overnight. 0.
Broker tips: WPP, Games Workshop, Hilton Foods
Analysts at Berenberg raised their target price on media outfit WPP from 980. 0p to 1,030. 0p on Friday after third-quarter growth came in higher than consensus.
Director dealings: Good Energy CFO makes share sale
Good Energy revealed on Friday that chief financial officer Rupert Sanderson had disposed of 17,680 ordinary shares in the AIM-listed renewable energy firm.
Power Metal granted final licence for Wallal Project
Exploration company Power Metal Resources updated the market on the Wallal Project in the Paterson region of Western Australia on Friday, where it was targeting major gold-copper discoveries.
FTSE 250 movers: Games Workshop hit by broker note; ConvaTec gains
London’s FTSE 250 was down 0. 4% at 23,112. 70 in afternoon trade on Friday.
Berenberg raises target price on WPP
Analysts at Berenberg raised their target price on media outfit WPP from 980. 0p to 1,030. 0p on Friday after third-quarter growth came in higher than consensus.
US open: Major indices in the red as Apple and Amazon shares weigh on market
Wall Street stocks opened lower on Friday after both Apple and Amazon posted disappointing earnings overnight.
Inflation concerns cap gains in US consumer confidence, University of Michigan says
Consumer confidence in the US continued to languish near the lows hit immediately following the start of the Covid-19 pandemic, as higher inflation and lower confidence in government's economic policies offset the effects of stronger income expectations and receding coronavirus infections, the results of a closely-followed survey revealed.
Condor Gold raises £4.1m to complete La India feasibility study
Condor Gold said on Friday that it had raised £4. 1m to complete a feasibility study over its wholly-owned La India Project.
FTSE 100 movers: NatWest drops after results; Darktrace recovers
London’s FTSE 100 was down 0. 4% at 7,221. 39 in afternoon trade on Friday.
US pre-open: Futures in the red after Apple and Amazon earnings disappoint
Wall Street futures had stocks opening lower ahead of the bell on Friday after both Apple and Amazon posted disappointing earnings overnight.
SysGroup flags fall in first-half revenue
Managed information technology and cloud service provider SysGroup said in a trading update on Friday that it expected to report first half revenue of £7. 58m, 15. 8% lower year-on-year.
Americans continue splashing out more quickly than expected in September
Personal income growth in the US surprised sharply to the downside last month, yet Americans continued splashing out more quickly than expected.
Losses widen for Time Out as it takes stock of pandemic shutdowns
Leisure publisher and hospitality operator Time Out Group reported a decline in gross revenue to £44. 9m in its final results on Friday, from £77. 1m in the comparative period, while its net revenue slid to £37. 8m from £63. 3m.
UK consumers continue accumulating excess savings in October
Britons continued to display caution last month, adding to their stash of excess savings, although the opposite was true of corporates, the latest money and credit data from the Bank of England appeared to show.
Newly-renamed Tintra reports improves first-half turnover
Lottery management, financial services, and five-a-side soccer venue investor Tintra reported an 8% improvement in turnover in its half-year results on Friday, to £0. 6m.