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Market Report
22 Mar
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Europe close: Stocks awash in red after weak German data

Stocks on the Continent slumped on the back of data showing the weakest reading on euro area manufacturing for 71 months that pushed yields on long-dated German Bunds back into the negative and amid heightened uncertainty around the UK's exit from the European Union.

22 Mar
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Europe midday: Stocks drop as euro area manufacturing hits 71-month low

Stocks on the Continent have failed to track the strong gains seen overnight on Wall Street, hampered by the weakest reading on euro area manufacturing for 71 months that has pushed yields on long-dated German Bunds back into the negative and the ongoing heightened uncertainty around the UK's exit from the European Union.

22 Mar
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London close: FTSE indices join global sell-off amid growth concerns

London stocks were pummeled on Friday, even as the pound regained some composure after European leaders gave the UK a few more weeks to organise its withdrawal from the bloc, while weak German manufacturing data sparked global growth concerns, with the selling in shares extending across the Pond to Wall Street.

22 Mar
rpc plastic
Directors dealings: RPC finance chief plays it safe

RPC's director of finance opted on Thursday to play it safe, selling a large packet of shares in the packaging supplier the day before Berry Group told the market that it would not be tabling a higher takeover offer, unless the company received a better bid from someone else.

22 Mar
la-russie-denonce-une-hysterie-russophobe-du-royaume-uni
Central Bank of Russia opens door to rate cut as soon as 2019

Rate-setters in Moscow lowered their forecast for consumer price inflation and opened the door to a cut in official interest as soon as 2019.

22 Mar
cbpetroleo1 short1
FTSE 250 movers: Oilers slide, Ted Baker bounces back

London's FTSE 250 was 1. 35% lower at 19,086. 56 in afternoon trading on Friday, as oil and gas industry names led the index lower.

22 Mar
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FTSE 100 movers: Smiths rallies on results; paper companies slump

London's FTSE 100 was down 2. 1% to 7,199. 68 in afternoon trade on Friday, dragged lower by a stronger pound, as weak German manufacturing data weighed on sentiment.

22 Mar
ladbrokes, gvc holdings, betting, gaming, bookmakers, gambling
GVC chairman said to be leaving just days after £6m stake sale

Ladbrokes owner GVC Holdings was said on Friday to be preparing for the departure of chairman Lee Feldman, just days after he sold off a £6m stake in the company.

22 Mar
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FireAngel Safety Tech inks smoke detector deal in Scotland

Home safety products supplier FireAngel Safety Technology Group announced on Friday that it is to supply smoke and heat alarms to a further housing association in Scotland.

22 Mar
merrill-lynch-banque
US open: Wall Street flops as investors keep yanking funds from stocks

Trading on Wall Street has gotten off to a volatile start with weak German manufacturing figures sparking worries about global growth, sending traders scurrying for the relative safety of the fixed income space, although some strategists continued to see gains ahead.

22 Mar
centamin sukari miners mining
Peel Hunt initiates Centamin at 'hold'

Peel Hunt initiated coverage of gold miner Centamin at 'hold' with a 95p price target on Friday, saying it sees a production recovery at the Sukari mine starting in the second quarter, but with an increased year-over-year cost base.

22 Mar
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US manufacturing activity drops to 21-month low

Activity in the US manufacturing sector hit a 21-month low in March, according to preliminary data released on Friday.

22 Mar
oilfield
i3 Energy contracts Gardline for drilling programme site survey

Independent oil and gas company i3 Energy has contracted Gardline to conduct a site survey for its 2019 and 2020 drilling programme, plus the pipeline route for its Liberator Phase I development, it announced on Friday.

22 Mar
house prices rightmove housing
US existing home sales jump back in February, NAR says

Second hand sales of homes in the States rebounded sharply last month, bolstered by lower mortgage rates, growing incomes and improved consumer confidence.

22 Mar
london square mile
London midday: Stocks fall further as pound rallies, German data weighs

London stocks extended losses by midday on Friday as the pound regained some composure after European leaders gave the UK a few more weeks to leave the bloc, while weak German manufacturing data sparked global growth concerns.

22 Mar
pr debenhams 5871906406739
Debenhams shocks with £200m loan plan, Sports Direct has other ideas

Debenhams shares collapsed 64% to 1p on Friday as the department store group announced plans for a new fundraising, bringing a swift response from its largest shareholder, Sports Direct.

22 Mar
New York Stock Exchange, markets, traders, USA, stocks, shares, Wall Street. Photo: Pete Bellis
US pre-open: Stocks to drop as German data sparks global growth worries

US stock futures pointed to a downbeat open on Wall Street on Friday, with sentiment set to take a hit as weak German manufacturing figures sparked worries about global growth.

22 Mar
softbank 700x393
Asia report: Markets eke out gains as Fed reaction continues

Markets in Asia posted underwhelming gains on Friday, after a choppy session in which investors were still trying to make sense of a more dovish Fed in the US, along with a fresh slew of data.

22 Mar
Robinson rallies as profits rise, outlook upbeat

Rigid plastic and paperboard packaging company Robinson reported an 8. 7% jump in 2018 pre-tax profit on Friday, thanks in part to tighter control of operating costs, as it struck an upbeat note on the outlook for this year.

22 Mar
pearson education
JPMorgan upgrades Pearson on return to higher education growth

JPMorgan Cazenove upped its rating on shares of education publisher Pearson on Friday as to 'overweight' from 'neutral' and hiked the price target to 1,050p from 850p, citing a return to higher education growth and a better business model.