Market Report
Tristram Hunt resigns as MP, triggers by-election in Stoke-on-Trent
Labour’s Tristram Hunt has resigned as a MP in order to become the director of the Victoria & Albert Museum, triggering a by-election in a closely held seat.
Europe close: Investors cheer US bank earnings
European stocks rose on Friday as investors cheered the release of US bank earnings.
London close: FTSE closes at another record high
The FTSE 100 closed at another record high on Friday as traders brushed off a batch of weaker-than-expected economic data.
FX round-up: Dollar little changed, Rabobank sees weakness in Aussie, yuan and Mexican peso
Cable edged slightly higher ahead of the long holiday-weekend in the States and following two days of sometimes heavy selling in the US dollar.
FTSE 250 movers: Grafton climbs while Pennon falls back
The FTSE 250 index rose 0. 28% to 18,355. 34 in the late afternoon.
Silence confirms minority stake in Arrowhead Pharmaceuticals
Discoverer, deliverer and developer of novel RNA therapeutics for the treatment of serious diseases, Silence Therapeutics updated the market on its announcement on 9 January regarding the acquisition of a minority stake in Arrowhead Pharmaceuticals.
Taliesin reports 10pc rise in property value
Taliesin Property Fund announced on Friday that it has been advised by its property valuers, Jones Lang LaSalle, that its property portfolio has continued to rise in value over the six months to 31 December.
Directors dealings: Hilton Foods boss sells near record-high
Hilton Foods´s chief Robert Watson unloaded 50,000 shares at an indvidual price of 680p on 13 Jnauary, the company said in a statement.
Gunsynd sinks cash into Oyster Oil & Gas
Gunsynd announced on Friday that it has signed a subscription agreement with Oyster Oil & Gas, a junior oil and gas exploration and production company quoted on the Toronto Venture Exchange in Canada, to invest £0. 125m as part of a wider fundraising with existing investors of £0. 25m.
FTSE 100 movers: Housebuilders escalate while gold stock loses shine
The FTSE 100 index rose 0. 53% to 7,330. 94 in the late afternoon.
Vela investment BTL makes progress in energy and finance spaces
Early stage and pre-IPO disruptive technology investment firm Vela noted an announcement released by BTL Group on Friday, which provided details on BTL's blockchain pilot project with a leading energy company and an update on BTL's previously-announced pilot in the finance and banking space.
US open: Stocks higher on strong JP Morgan, Bank of America earnings
As earnings season kicked off, US equity markets were higher on Friday on the back off strong quarterly results from banking heavyweights JP Morgan Chase and Bank of America.
Core US producer prices rise more than expected in December
Factory gate inflation printed higher than expected in December with upwards pressure on goods prices dominated by increased prices for goods.
Adamas reports positive progress on TTS Project disposal
Adamas Finance Asia updated the market on the disposal of the Tian Tong Shan Villa Project on Friday.
US retail sales miss forecasts in December
US retail sales rose sharply at the end of 2016, led by strong demand for big-ticket automobiles but nonetheless fell short of forecasts as improved consumer confidence failed to translate into increased spending at the till.
JPMorgan beats on EPS but falls short on revenue in Q4
US investment bank JPMorgan Chase released its fourth quarter 2016 earnings on Friday.
Wells Fargo profits fall in first full earnings report since account scandal
Wells Fargo, the third-largest bank in the United States, saw a fall in its profits during the final quarter of 2016 in its first full earnings report since its fake accounts scandal.
Vietnam Infrastructure receives first payment for Southeast Asia Telecoms sale
AIM-listed investment fund Vietnam Infrastructure has received the first payment for the sale of Southeast Asia Telecommunications from OCK Vietnam Towers.
Grafton's revenue rises as it expands Selco brand in UK
Irish building materials company Grafton Group’s revenue rose as it expanded the Selco merchanting brand in the UK.
Boeing to build 205 airplanes for India's SpiceJet
Boeing is to make 205 airplanes for Indian budget airline SpiceJet, in a deal worth about $22bn.