Market Report
Europe close: Bank and Technology stocks pace gains
Gains for lenders' shares and among Technology stocks saw Europe's main stockmarket gauges finish the week on an up note, with the latter extending their breakout to multi-year highs.
FTSE 100 risers: Lenders pace gains
London's second-tier index notched up a gain of 0. 76% in the final session of the week to 6,095. 41.
Morgan Stanley stays at 'underweight' on BP, sees 50% dividend cut
Analysts at Morgan Stanley reiterated their 'underweight' recommendation on shares of BP and their forecast for a 50% dividend cut in 2020.
London close: Stocks finish higher despite Covid concerns
London stocks remained in the green on Friday afternoon to close in positive territory, despite ongoing concerns about a rise in new coronavirus cases and a gloomy economic forecast from ratings agency Moody’s.
Broker tips: Avast, Smith & Nephew, Vistry
Peel Hunt upped its price target on cybersecurity company Avast to 355p from 322p on Friday, citing higher revenue expectations as people spend more time on their computers due to the Covid-19 pandemic.
Director dealings: Condor Gold director ups stake
Condor Gold revealed on Friday that non-executive director James Mellon had acquired 400,000 ordinary shares in the AIM-listed precious metals group.
US open: Mixed start to trading following vaccine updates
Wall Street trading began on a mixed note on Friday as Covid-19 cases continued to rise across the country.
FTSE 250 movers: Petropavlovsk powers higher; Hastings takes a hit
London’s FTSE 250 was up 1. 2% at 17,186. 21 in afternoon trade on Friday.
Litigation Capital Management flags delays in court proceedings
Dispute financing specialist Litigation Capital Management updated the market on its recent trading on Friday, reporting “consistent performance” since its half-year results, which it said was reflected in its nine-year portfolio return on invested capital of 134%, and its cumulative portfolio internal rate of return of 78%.
Standard Life Aberdeen sells nearly all of its Boohoo shares
Asset manager Standard Life Aberdeen confirmed on Friday that it had sold most of its shares in fast-fashion retailer Boohoo, arguing that its response to allegations of poor working conditions at supplier factories was "inadequate".
OpCapita, Sycamore Partners looking to buy Clarks stake - report
The owner of football gaming company Football Pools was said on Friday to be looking to buy a stake in beleaguered shoe retailer Clarks.
Liberum hits Codemasters with 'buy' rating
Analysts at Liberum reiterated their 'buy' rating on video games developer Codemasters on Friday, stating the group was "ready to wow".
Gilead Sciences's Remdesivir may cut Covid-19 risk of death by 62%
Gilead Sciences's Remdesivir antiviral treatment for the novel coronavirus may cut the risk of death by nearly two-thirds.
Peel Hunt lifts Avast price target on higher revenue expectations
Peel Hunt upped its price target on cybersecurity company Avast to 355p from 322p on Friday, citing higher revenue expectations as people spend more time on their computers due to the Covid-19 pandemic.
Attraqt roped in Paul Tough as chief product officer
Attraqt Group announced the appointment of Paul Tough as its chief product officer on Friday, with immediate effect.
Canaccord Genuity hikes target price on Persimmon
Analysts at Canaccord Genuity hiked their target price on housebuilder Persimmon from 2,360. 0p to 2,700. 0p on Friday, stating the group was now outperforming after a "swift" return to work.
Drop in food costs weighs on US producer prices in June
Producer prices in the US continued retreating last month amid sharp drops in the cost of food and in retailers' margins.
US pre-open: Futures point to losses as Covid-19 cases continue to rise
Wall Street futures had stocks opening lower on Friday following a mixed session that saw traders flock to tech shares amid fears around additional lockdown measures.
Europe midday: Technology issues pace gains, extend multi-year highs
Technology stocks are spearheading gains in Europe, extending their breakout to multi-year highs.