Market Report
London open: Stocks drop after more heavy falls in US and Asia; data eyed
Stocks in London fell in early trade on Friday following another selloff on Wall Street and in Asia, as investors eyed a slew of key UK data releases.
Drax agrees £10m contract to supply future coal power
Drax Group, the Yorkshire power plant that is in the midst of a process to create more biomass power, said on Friday that it has agreed to provide £10m worth of future coal power capacity.
British Land picks up Woolwich Estate for £103m
British Land announced on Friday that it has acquired the Woolwich Estate, covering 4. 9 acres in south east London, for a headline price £103m representing a net initial yield of 4. 1%.
Friday newspaper round-up: Premier League, Talktalk, Carillion challenge, Brexit
Facebook, Google and Netflix are not submitting bids for the next round of Premier League TV rights, with most analysts believing Sky and BT will remain the major players. It had been thought the Silicon Valley tech giants could intervene and cause a price hike from the £5. 1bn Sky and BT combined paid in 2015 but the Guardian understands they are not yet ready to get involved in live sport rights in the UK. - Guardian.
Shaftesbury says footfall high, trading 'robust'
FTSE 250 real estate investment trust Shaftesbury said on Friday that it has seen continuing high footfall and "robust" trading in the period from 1 October 2017 to 8 February 2018.
Victrex quarterly revenues surge after big electronics order
Plastics manufacturer Victrex reported a very strong start to the year, with industrial sales led by consumer electronics to offset slightly weaker performance from medical customers.
London pre-open: Stocks seen lower after more heavy losses in US, Asia
Stocks in London were set to drop at the open on Friday after another selloff on Wall Street and in Asia, as investors eyed a slew of key data releases.
US close: Traders suffer another red session
Thursday's batch of Federal Reserve speakers was not especially 'hawkish', but the Bank of England's unexpected take on the outlook for interest rates rekindled some of the market's concerns over inflation and where rates may be headed - even in the medium-term.