Market Report
Europe close: Investor sentiment buoyed by record highs on Wall Street
Stocks on the Continent extended their recent gains, taking their cue from another session of record highs on Wall Street.
London close: FTSE above 7,000 for first time in 14 months
London stocks finished higher on Friday, with the top-flight index trading above 7,000 for the first time since February 2020 as investors mulled encouraging Chinese growth figures.
Director dealings: Dechra director lowers stake
Dechra Pharmaceuticals revealed on Friday that director Tony Griffin had sold 25,000 ordinary shares in the FTSE 250-listed veterinary drugmaker.
US consumer sentiment edges higher at the start of April, University of Michigan says
US consumer sentiment was at its best level in a year in April thanks to the much larger than usual government stimulus payments seen over that time.
AFC gets £3.25m investment from ABB Schweiz
Hydrogen power generation technology company AFC Energy announced on Friday that ABB Schweiz was investing £3. 25m into it, as a “strong signal of corporate commitment” across the international e-mobility market.
Broker tips: Dixons Carphone, WHSmith, BT
RBC Capital Markets downgraded Dixons Carphone on Friday after a recent strong run but upgraded its stance on shares of WHSmith.
FTSE 250 movers: TI Fluid, Kainos under the cosh
London’s FTSE 250 was up 0. 2% at 22,513. 57 in afternoon trade on Friday.
Tesla settles lawsuit with ex-employee over Autopilot source code
Tesla settled a lawsuit against a former employee who copied the source code of the electric vehicle (EV) maker's Autopilot technology, revealed a US district court filing dated 15 April.
US open: Stocks mostly higher as bank earnings continue to roll in
Wall Street futures were mixed open early on Friday amid more solid first-quarter report cards from some of the nation's largest lenders.
Benchmark clears regulatory milestone for sea lice treatment
Benchmark announced on Friday that the maximum residue limit (MRL) for its novel sea lice treatment ‘BMK08’ had been ratified under European law.
FTSE 100 movers: Flutter Entertainment rallies; BT boosted by broker note
London’s FTSE 100 was up 0. 3% at 7,007. 41 in afternoon trade on Friday.
Cadence reports good progress at investee Macarthur Minerals
Cadence Minerals updated the market on progress made by Macarthur Minerals on the mining and haulage components of the feasibility study for the Lake Giles Iron Project on Friday.
Morgan Stanley beat Q1 expectations on surge in investment banking revenues
Banking giant Morgan Stanley topped first-quarter earnings estimates on Friday thanks to some better-than-expected investment banking and trading results.
Galantas continues underground blasting in Omagh
Galantas Gold updated the market on operations at the Galantas Gold Mine in Omagh, Northern Ireland on Friday, reporting that underground blasting had continued with mining on a single-shift basis.
Europe midday: Stocks extend recent gains
Stocks on the Continent are extending their gains from earlier in the session, taking their cue from another session of record highs on Wall Street overnight.
AstraZeneca gets US clearance for Alexion acquisition
AstraZeneca has received US clearance for its proposed acquisition of Alexion Pharmaceuticals.
Angle secures first large-scale pharma services contract
Liquid biopsy company Angle has secured its first large-scale pharma services contract, it announced on Friday.
US pre-open: Futures mixed after Dow Jones closes over 34,000 for first time
Wall Street futures were pointing to a mixed open ahead of the bell on Friday after the Dow Jones topped 34,000 for the first time in history yesterday.
London midday: FTSE 100 trades above 7,000 amid recovery hopes
London stocks were in the black by midday on Friday, with the FTSE 100 trading above 7,000 for the first time since February 2020 as investors mulled encouraging Chinese growth figures.
Great Western Mining begins drilling at Olympic gold project
Great Western Mining announced on Friday that drilling had now started at the Olympic Gold Project in Nevada’s Mineral County.