Market Report
Europe midday: Shares extend gains on China rate cut, THG takeover talk
European shares extended gains at midday on Friday, as Chinese central bank stimulus boosted sentiment after the previous session’s heavy sell off.
Yellow Cake takes delivery of 2.02m pounds of uranium
Long-term uranium investor Yellow Cake has taken delivery of 2,022,846 pounds of triuranium octoxide from Kazatomprom at the Cameco storage facility in Canada, it announced on Friday, following the exercise of its buyback option.
London midday: Stocks extend gains after China rate cut, UK retail sales
London stocks had extended gains by midday on Friday, with sentiment boosted after China cut a key interest rate, as investors mulled better-than-expected retail sales data but a grim reading on consumer confidence.
Restore's strong momentum carries into new year
Information management and document service provider Restore said in an update on Friday that trading for the four months ended 30 April was in line with its expectations, as the “strong” second half momentum last year carried into 2022.
Asia report: Stocks bounce as PBoC trims five-year interest rate
Stock markets in Asia bounced from recent losses across the region on Friday, with Hong Kong’s bourse leading the gains as Chinese technology plays rose.
THG surges as retailer rejects third takeover offer, Candy Ventures mulls bid
Shares in e-commerce retailer THG surged early on Friday after the firm rejected a third takeover offer from Belerion Capital and King Street Capital Management a day earlier and news broke that property investor Nick Candy was also mulling a possible bid.
7digital to livestream Hangout Music Festival in Alabama
Digital music solutions provider 7digital has expanded its partnership with AEG Presents to exclusively livestream this year's Hangout Music Festival in Alabama, USA.
The Works reports strong growth, confirms return of dividend
Discount books and stationery retailer The Works reported a “strong” full-year trading performance on Friday, with two-year like-for-like sales rising 10. 4%, and total two-year sales growth coming in at 12. 7%.
China cuts key interest rate
The People’s Bank of China cut a key lending benchmark on Friday by the most on record as it looks to support a slowing economy and support housing demand.
M&C Saatchi agrees £310m takeover by Next Fifteen, shares surge
Shares of M&C Saatchi surged on Friday after it agreed to be bought by Next Fifteen for £310m, just days after rejecting a £254m offer from Vin Murria’s investment vehicle AdvancedAdvT.
Deutsche Bank downgrades Marshalls to 'hold'
Analysts at Deutsche Bank downgraded their rating on hard landscaping products manufacturer Marshalls from 'buy' to 'hold' on Friday, stating the group's future was "paved with greater uncertainty".
London open: Stocks rise as retail sales beat expectations
London stocks rose in early trade on Friday, taking their cue from an upbeat session in Asia, and following the release of better-than-expected retail sales data.
German producer prices see highest-ever annual rise as energy prices surge
German producer prices rose at their highest annual pace in April as the war in Ukraine pushed up energy prices, according to figures released by Destatis on Friday.
Europe open: Shares rally on China stimulus; THG takeover talk
European shares rallied at the open on Friday, as Chinese central bank stimulus boosted sentiment after the previous session’s heavy sell off.
UK retail sales unexpectedly jump in April
UK retail sales unexpectedly rose in April, underpinned in part by an increase in food store sales, according to figures released on Friday by the Office for National Statistics.
Croda sees sales and profits grow YTD
Chemicals company Croda International said on Friday that trading had been strong in 2022, with continued sales and profit growth being seen across the group and significant input cost inflation being successfully recovered.
London pre-open: Stocks to rise as investors mull retail sales
London stocks were set to rise at the open on Friday as investors mull the latest UK retail sales and consumer confidence data.
Close Brothers loan book grows in Q1, Playtech still in talks with TTB Partner regarding possible offer
London pre-open The FTSE 100 was being called to open 73. 7% ahead of the bell on Friday after closing 236. 94 points lower at 31,253. 13 on Thursday.
Close Brothers loan book grows in Q3 despite 'heightened uncertainty'
Merchant banking group Close Brothers said on Friday that it had "performed well" in the third quarter of its trading year.