International News
CMA launches probe into Amazon and Google over fake reviews
The Competition and Markets Authority announced on Thursday that it will investigate tech giants Amazon and Google over whether the two firms broke consumer law by taking insufficient action to take down fake reviews on their sites.
Virgin Galactic stock up 12% after receiving approval from FAA
Virgin Galactic’s shares were trading up 12% in premarket trading on Friday after it announced that the US Federal Aviation Administration had granted the license it needs to fly passengers into space.
Europe close: Stocks mostly higher following US infrastructure deal
European shares were mostly higher on Friday as investors cheered a deal on Capitol Hill on President Joe Biden's proposed infrastructure spending package.
Merkel and Macron meet opposition over proposed summit with Putin
German and French leaders, Angela Merkel and Emmanuel Macron, have met opposition from some European Union states over a proposed summit with Russian Federation president Vladimir Putin.
US consumer confidence edges lower in June, University of MIchigan says
Americans grew a bit more confident in June, albeit not by as quite as much as expected, the results of a closely-followed survey revealed.
EU closes deal on farming subsidies after three years of talks
The European Union finally struck a deal on Friday to reform farm subsidies after three years of negotiations.
Broker tips: Greggs, WPP
Analysts at Berenberg raised their target price on bakery chain Greggs from 2,100. 0p to 2,950. 0p on Friday, stating the group was now "delivering the goods".
Euro area money supply growth slows a tad more than expected in May
Money supply growth in the Eurozone slowed a bit more quickly than anticipated last month, but economists said the data continued to point towards "solid" growth.
US personal incomes and spending print ahead of forecasts in May
Americans continued splashing out at a stronger-than-expected pace last month, helped by faster than expected income growth.
Rockwell Automation to buy Plex Systems for $2.2bn in cash
Rockwell Automation has agreed to buy business software maker Plex Systems for $2. 2bn in cash in a deal that is expected to be immediately accretive to Rockwell operating margins.
Panasonic sells stake in Tesla for $3.6bn
Panasonic sold its stake in electric carmaker Tesla for $3. 61bn, the company announced on Friday.
US pre-open: S&P 500 on track for best week in months
Wall Street futures were in the green ahead of the bell on Friday, with the S&P 500 on track for its best week since April.
SEC approval of bitcoin and ETFs to be major catalysts in second semester
Since the big correction in May, investors in the cryptocurrency market have decided to hold on to any negative bitcoin news to unleash a new wave of sales in the world's largest digital currency. It is of little use that the support of institutional investors and governments such as El Salvador is increasing, which predicts a promising future for the creation of Satoshi Nakamoto, according to many analysts. On the other hand, vetos, regulations or if Elon Musk wakes up with the wrong foot, are reasons for panic.
Asia report: Shares rebound after US infrastructure deal agreed
Asian stocks rebounded on Friday on the back of momentum from Wall Street as a bipartisan $579bn US infrastructure deal was agreed.